Ken Goulet has been a mentor of mine the last several years, as I have been growing my coaching business and he has been advising several prominent health care startups through successful funding rounds and other transactions.

I asked him to talk about a topic near and dear to my heart—founder leadership.

While I work with founders a lot, my experience with them has been mostly AFTER the business has become profitable. Especially as the founder gets to the point where they are scaling the business—turning a small profitable business into a larger and more profitable one.

Investors are often tempted to replace the founder before the company gets to this point, but founders and their companies can win big of the founder is willing to grow beyond the idea person and into a leader.

I asked Ken what he has found makes the difference. What distinguishes the founder who CAN grow with the founder who is replaced?

I’d encourage you to look for the video clips of that conversation elsewhere on LinkedIn, but I’ll summarize briefly Ken’s comments in this week’s newsletter, along with my own perspective.

Team

Building the right team is critical at every stage, but is especially important as the organization begins to scale. Hire smart people, smarter than you in their particular area, and give them full reign in their responsibilities.

As Ken says, the temptation is to overestimate how good you are at a particular task. I’d add that many founders have a NEED to feel that they are good at everything—it’s one of the reasons they became founders in the first place.

But if you think that you can bring someone on who can do something eighty percent as well as you can, you should do that and let them run. First, it will be good enough that you end up saving time in the long run. Second, you are probably wrong. They may very well be better than you and you should encourage that.

What I have found is that, more important than the actual composition of the team itself, is the trust that is formed among the members of the team.

When that trust is present, it is possible for a team to row together toward a common goal. To both support and criticize each other. We see that in sports teams—it is often not the most talented team that wins, but the team that is most able to work together.

Build the right team and trust it, and things will grow beyond your expectations.

Focus

Founders start their journey by doing everything, by solving every problem.

But that can’t last for long. As a company grows, there quickly become too many problems for the founder to solve all of them, or even be involved in all of them.

Focusing on the right thing and the right time is critically important. Especially when the founder has an effective team, they can’t get pulled into every crisis. Instead, they have to keep an eye on the big picture, on the key members of the team, and on key relationships with customers and investors.

If the founder is spending their days running from crisis to crisis, it may manageable in the short term, but it is likely evidence of a longer term problem.

Emotion

As Ken and many others have said, the startup journey is a roller coaster ride. There will be highs and those highs should be celebrated. There will be lows and those lows should be dealt with. But the founder cannot get too high or too low.

Managing your emotions is a critical capacity.

Most founders today act from a position of constant stress. This has impacts far beyond emotional management.

Your health. Stress results cortisol and other chemicals coursing through your system. We are designed to respond to this every now and then. But the constant surge of these chemicals can result in chronic disease and can even shut you down for a period of time if it gets too bad.

Your judgment. Stress triggers the fight or flight response. This makes everything look like an emergency, whether it is or not. Slow down and it becomes clear what you need to do next. Automatically. Your judgment improves, and your intuition comes on line.

Your “followship.” Leaders need followers. No one likes to be around a stressed out leader. And they are unlikely to stay for long.

Delegate

Always ask yourself, “How can I give this person more?” Always give someone a little bit more than you both are confident that you can deliver. It will grow both of you and everyone wins.

As you grow in your ability to delegate, you will grow in what you are willing to delegate. Eventually you will be willing to delegate entire parts of an organization. Your team will run the show. This is what Dan Sullivan, author of “10x is Easier Than 2x,” calls a self-managing company. When you hit that point, your leadership, and your organization, will truly begin to shine.

Your Board

Ken makes a distinction here between “managing” your board and working with it.

He is spot on.

Too many founders see the board as an obstacle to be overcome, rather than a partner to enroll. When you begin to see the board as a source of valuable perspective and relationships, you are on the way to maximizing this incredible source of insight and perspective.

When you can value the differing perspectives and experiences that an engaged board can bring, you are well on the way to maximizing the value that a board can bring you.

As something to work with, rather than manage or control.

In Summary

Leadership, especially as a founder, tends to bring out the best and worst of us. By growing our own capacity to be self-aware, to distinguish among our emotional triggers, our historical stories, and our actual challenges, we can increase our ability to grow into the demands of the role as our organization grows and succeeds.

To the extent a founder can do this, everyone wins. The founder, employees, customers, and investors.

Going deep on this journey is a key differentiator between the startups that succeed and the ones that ultimately struggle or fail.

Going Deeper

Does any of that resonate with you?

If so, reach out to me and I’ll send you a special video that goes even deeper.

More and more founders like you are coming out of the spiritual closet and seeing their work as a vital personal journey to both abundance and meaning.

This is what I write about. For founders, for original thinkers, no matter where they are in their transformation.

The world needs YOU, in all your brilliance and imperfection.

If you are a founder wanting to scale and sell your company, there are three shifts in identity that can help you do so with twice the impact and half the stress. Take a look at this video.

If you want to build a coaching business where you get to be yourself, help amazing people, and replace your corporate income in the process, here’s a video where I share the top three mistakes I see coaches make when trying to build a sustainable business—

http://bit.ly/creatingextraordinarycoaches

You can subscribe to my YouTube channel here.

You can follow me on LinkedIn to make sure you never miss a post by hitting the bell on my profile.

If you want to subscribe to this Creating Extraordinary Futures newsletter, you can do so here.

Einstein said that the eighth wonder of the world is compound interest.

Maybe.

But each of us has something innate that is even more incredible and even more powerful.

This power operates outside of time and space. It can create and destroy in an instant.

This power is the power of an idea. Your idea.

Most of us dismiss our ideas way too quickly. I am here to change that.

Ideas Come From Nowhere

No one knows where ideas come from.

God? The muse?

I know most of my thoughts are like tired reruns. I’ve seen them before. A lot of them are negative.

But then that new idea comes, seemingly like a bolt of lightning.

When? Why? How do I get more of these?

Practices To Generate More Ideas

As much as my ideas are unpredictable, there do seem to be ways to generate more of them. But the question for me is how to still my mind enough that I can get past the constant chatter to the good stuff that is waiting underneath.

These practices will help your mental chatter slow.

The quieter thoughts that you then have access to will feel more like a knowing. More like something that was waiting for you all along.

Meditate. Certainly the reigning champion in this area. Hard to do but so worth it. Especially since the benefits build over time.

Exercise.There is something about a walk, a run, a ride that clears the head.

Sleep. It is for good reason that the phrase “sleep on it” came into the lexicon.

Shower. Who knows why this works but it seems to for many people. Though I confess this has never been a big one for me.

Converse.This might be my favorite one. Because when you are talking with another person, there are things that come up for you, and the other person, that are created new and fresh and, most importantly, that you never would have come up with on your own.

How To Get Out Of The Way Of Your Best Ideas

Most great ideas never make it into the world. Because the don’t seem “practical” or they seem “risky” or my favorite, “It’s just not the right time.”

But your ideas are bigger than you. Bigger than me. And I am determined to help as many people bring their ideas into the world as possible.

The world needs your ideas. So stop getting it their way.

Stop How-To-Ing

The first thing that I typically do when I have an idea is start making a plan. Thinking about what would need to happen to bring my version of this idea into the world.

That’s incredibly limiting.

Because even if I have a great idea I might not be the best person to bring it into the world or even know the best way of doing that. If you have a better idea of how to bring my idea into the world than I do, everybody wins.

Instead? Start Sharing

If an idea is big enough it will need a team to bring it to life. Different talents, different skills, different connections.

Our instinct is not to share. To think that we have to do it all ourselves. To not want the credit, the spoils, the money to go to someone else.

But there is a reason the idea came to you instead of someone else.

Will it die with you?

If I have a good idea, I feel like the universe has entrusted it to me and that I have a duty to bring it into the world.

But instead of hoarding it, I do this by sharing it with as many people as possible. To allow others to interact with it and influence it. To give it the best chance at success.

To give the universe its chance to work its magic as well. Through connection, coincidence, and all the other tools it has at its disposal.

Your ideas deserve nothing less.

Because they aren’t really yours, right?

Going Deeper

Does any of that resonate with you?

If so, reach out to me and I’ll send you a special video that goes even deeper.

More and more founders like you are coming out of the spiritual closet and seeing their work as a vital personal journey to both abundance and meaning.

This is what I write about. For founders, for original thinkers, no matter where they are in their transformation.

The world needs YOU, in all your brilliance and imperfection.

If you are a founder wanting to scale and sell your company, there are three shifts in identity that can help you do so with twice the impact and half the stress. Take a look at this video.

If you want to build a coaching business where you get to be yourself, help amazing people, and replace your corporate income in the process, here’s a video where I share the top three mistakes I see coaches make when trying to build a sustainable business—

http://bit.ly/creatingextraordinarycoaches

You can subscribe to my YouTube channel here.

You can follow me on LinkedIn to make sure you never miss a post by hitting the bell on my profile.

If you want to subscribe to this Creating Extraordinary Futures newsletter, you can do so here.

I have a client who has a $20 million business, and a lot of bad associations with power.

Power was his angry father breaking his toys. Power was retaliation and punishment. Power was what happened when you pushed things to far.

He swore he would never be like that.

And now he had a leadership team who was always bickering, whether in front of him or behind his back.

Now he pleaded with his team to do things but was not willing to impose consequences. He avoided conflict because of the associations it brought up in him.

The company was suffering. Customer service was suffering. Even sales was suffering.

My client needed to find his power, fast, or he was going to lose his company.

But his model of power was a toxic one, and he refused to use it.

The Toxic Model—Power Over

Many of the models of power that we have are toxic.

The angry general berating his troops because “lives depend on it.”

The abusive football coach making his team run wind sprints until they vomit to “toughen them up.”

These are what we call “power over.” Power because of positional authority.

Do what I say or you’re out.

You’re off the team. You’re fired. You’re grounded.

Many of my clients have experienced this form of power and fight it or deny it in themselves. They understand it doesn’t work but they don’t know an alternative.

Even when exercised with calm and respect, positional authority assumes that the leader knows and does not allow for the fact that they may not.

The Collaborative Model—Power With

Another model of power is about the goal at hand rather than the people.

“Power with” is about moving toward a goal together. It assumes that there is not one person who has a monopoly on either knowledge or power, and allows people to adapt accordingly. Ideally it is power through improvisation, exercised as the situation calls for.

“Power with” is elegant when you are able to pull it off, but there is a reason that “power over” is still the dominant model. “Power with” is very difficult to negotiate.

Because “power over” is the model that everyone is familiar with, it tends to be the model that people revert to when things get hard.

“Just tell me what to do,” a team member will say.

Most people are inherently uncomfortable with power and don’t want to exercise it.

And the people who are comfortable with power are often, unfortunately, the people who are least likely to use it responsibly.

The Flawed Assumption

There is a reason that neither of these models work.

They assume that power is something that must reside outside of ourselves, that it must be granted by either the position the person is in or the task that needs to be accomplished.

It assumes that we cannot trust the purest form of power. The power that is deep within each of us.

Our Inherent Power

We each have power and use it every day. We make requests and choose to grant them to others. We decide what is consistent with our values and what is not. We choose goals and team members and relationships.

And yet almost all of us, from time to time, hesitate to exercise this power, worried about abusing it, or about the conflicts that our exercise of power can produce.

But this authentic power is the closest thing we have to a North Star.

What is it that you are willing to claim with your power? What is it that you are willing to, even required to, fight for?

Chances are these are the things that are most dear to you.

Your most cherished relationships and values.

At some point you must exercise your power, or you will risk the things that are most dear to you.

And yet you are likely scared of this power.

How do you exercise it in a way that feels true for you?

My client began to state what he wanted. He began to create clear and measurable goals.

Technically, this was power over, positional authority.

He is, after all, the CEO and owner of the company.

But he also gave people a lot of autonomy in HOW they reached their goals.

They were given power to create as they see fit.

There was a lot of collective power in his leadership team. And business results soared because of it.

What is your relationship to power? What version of power is the one that you want to create?

Going Deeper

I’m having a deeper conversation about power with Nathaniel Dunn – Change Maker tomorrow on Zoom, at 9 pacific, noon eastern, 5 UK time.

Here’s a link to sign up—

https://us02web.zoom.us/meeting/register/tZMrcu2spjsqHtw-BAWBCUPfNMBdNmDdu6Hu

If you want to go deeper, these are the types of things I write on.

Because I believe that the world needs YOU, in all your brilliance and imperfection.

If you are a founder wanting to scale and sell your company, there are three shifts in identity that can help you do so with twice the impact and half the stress. Take a look at this video.

If you want to build a coaching business where you get to be yourself, help amazing people, and replace your corporate income in the process, here’s a video where I share the top three mistakes I see coaches make when trying to build a sustainable business—

http://bit.ly/creatingextraordinarycoaches

You can subscribe to my YouTube channel here.

You can follow me on LinkedIn to make sure you never miss a post by hitting the bell on my profile.

If you want to subscribe to this Creating Extraordinary Futures newsletter, you can do so here.

When I start working with a founder or CEO, the first thing I hear is often something like, “I’m not sure I can do this right now. I’m crazy busy.”

Sometimes, there are events that can’t be avoided—

—A capital raise

—A sale

—An IPO

I have a client who just completed the process of selling her business and another one who is just starting that process. These things can feel like a death march, but of course there is a reward at the end and most people at least will say the reward is worth the punishment along the way.

But if you are feeling that in the day-to-day operation of your business, if your normal operating mode is “crazy busy,” I have good news for you.

It doesn’t have to be that way.

The Real Reason You Feel Crazy Busy

I notice that whenever I feel too busy, or whenever a client feels too busy, I can get them to focus in just a minute or two.

All we have to do is breathe together.

Slowing down for just a minute or two, taking a few deep breaths from your belly and letting them go, does a profound reset of your nervous system.

And it points out a fundamental fact—

You feel busy because your mind is racing.

Not the other way around.

When you are able to slow down your thinking, it becomes clear what you need to do next. And you never need to know more than the next thing to do.

Noticing when your mind is racing, and breathing a couple minutes in response, is transformational in and of itself. But there are other habits and practices that can create even more space, time, and perspective.

Habits That Create More Time Than They Take

In one sense, time is a construct and the feeing of being busy is merely a recognition that we are thinking a lot of repetitive thoughts. That our mental engine is redlining, and if we take the foot off the mental accelerator it will naturally slow down.

But in another sense time is one hundred percent finite and limited and using it wisely is essential.

Breathing can open up our capacity to intuit one essential next step.

And there are several other habits that have the seemingly magical quality of creating more time than the take.

Meditation, Exercise, and Sleep

I call sleep the magical elixir. Nothing has a more profound impact on me than getting enough good sleep.

When you get enough sleep the world looks like it has your back. You feel strong and powerful. Seemingly magic coincidences fall into place.

When you don’t, you feel frazzled and overwhelmed. You barely make it through the day. You wonder why you are doing what you do, day after day after day.

LeBron James gets 10 hours of sleep a day, including a nap. And he is performing like no other NBA player has at his age, night after night.

Meditation is like a 15 minute power nap. Exercise has the same impact.

If I have all three consistently, I get more done in 20 hours than I get done in 60 when I’m depleted.

Are you telling me you don’t have time for them? You don’t have time NOT to do them.

Teaching, Delegation, and Leading

When you are the leader, every interaction with one of your people is an opportunity to teach.

I had a client who led a sales organization and her people were constantly asking for help. Can you find me this RFP? What is our process for this? Etc. etc.

When she took five minutes to point out where her people could find things, they started doing it themselves.

The investment of that five minutes of time paid back a hundred times.

She discovered that when she stopped helping people, when they started figuring things out for themselves, it freed up 20 hours a week for her.

Which she used to create another job, at the same organization, that was more aligned to her long term interests and values.

Everything you teach creates an opportunity to delegate.

Leading can be harder but is even more powerful.

When you lead, you focus on the result of your team’s effort, not how they got there.

You are not teaching how, you are pointing where.

This is the goal. This is how we will measure whether you attained the goal.

Leading is true leverage. Yet it requires a giving up of control that is incredibly difficult for many people. Especially founders who have been rewarded for being the smartest person in the room for much of their lives.

Teaching, delegation, and leading are as powerful in the outer world as meditation, exercise and sleep are in the inner world.

Want more time? Want more freedom? These six practices will get you there.

Does That Resonate?

Does any of that resonate with you?

If so, reach out to me and I’ll send you a special video that goes even deeper.

More and more founders like you are coming out of the spiritual closet and seeing their work as a vital personal journey to both abundance and meaning.

This is what I write about. For founders, for original thinkers, no matter where they are in their transformation.

The world needs YOU, in all your brilliance and imperfection.

If you are a founder wanting to scale and sell your company, there are three shifts in identity that can help you do so with twice the impact and half the stress. Take a look at this video.

If you want to build a coaching business where you get to be yourself, help amazing people, and replace your corporate income in the process, here’s a video where I share the top three mistakes I see coaches make when trying to build a sustainable business—

http://bit.ly/creatingextraordinarycoaches

You can subscribe to my YouTube channel here.

You can follow me on LinkedIn to make sure you never miss a post by hitting the bell on my profile.

If you want to subscribe to this Creating Extraordinary Futures newsletter, you can do so here.