Category: Leadership & Personal Growth

How to Perform Better Due Diligence (for investors and advisors alike)

How to Perform Better Due Diligence (for investors and advisors alike)

LinkedIn.com, Nov. 2024 – Performing effective due diligence before investing in – or advising – startups requires a thorough evaluation process to understand potential risks, assess the viability of both the business model and the founders, and gauge the potential for growth, scale and impact in the marketplace. Here’s my checklist for success.

Read the entire article here: https://www.linkedin.com/pulse/how-perform-better-due-diligence-investors-advisors-alike-richards-ih9oc

Cultivating Presence Matters for Leaders

A key challenge that I’ve observed in business is that many execs are struggling with the need to be present, especially at a time when many valuable employees are choosing to leave their jobs.

Companies are left struggling to find great talent. As a result, it’s more important than ever to view employees as individuals, to be sensitive to their unique needs, to pay attention and to listen to them carefully, to validate them, and to honor what’s most important to them — in order to attract and retain your best people.

As a leader, presence is one of the greatest skills you can master in two directions. First, it allows you to be there fully for those around you as they seek guidance and observe how you show up. And secondly, it allows you to be be yourself more fully and authentically in the moment. When you convey presence, people respond as they feel seen, heard and valued. And at the same time, you operate at peak performance levels tapping your gifts and talents in real time.

Your relationships with others improve by default. Being fully present allows for richer, more meaningful connections that foster trust, credibility and loyalty because others sense you have their back and genuinely care about doing right by them. You’re fully engaged, switched on, and aren’t focused on conflicting agendas. It turns out your presence is just about the greatest gift you can give to those around you – including your employees, co-workers, shareholders, friends, family and others.

During my many years at Apple, I had some great bosses. For example, I recall how meaningful it was when I announced my engagement that my supervisor at the time made a big deal out of pausing the meeting to acknowledge the news. His reaction was more that of a caring uncle vs a manager at work, and he subsequently arranged a party to celebrate this important milestone in my life.

I don’t see that in the workplace much these days (or even back then); it meant a great deal to me, and it engendered even greater loyalty to him as a leader (and to the company!) than I already felt.

On a personal note, I was at a family gathering awhile back; an important one — my aunt’s 80th — and I don’t get to spend a lot of time with my immediate or my extended family, so I was really looking forward to it. I’m so used to operating with my To Do list and unfinished tasks to take care of in my head. My mom had to remind me to focus on being present and in the moment. In fact, we went into a book store near the event, and she bought me a book entitled “1001 Ways to Live in the Moment.”

Of course I embraced it immediately; how perfect. It was an act of grace that the book showed up at that moment and re-framed the importance of being present. As my mentor Alan Cohen is fond of saying, “you can change the world by the power of your being.”

So as we power into this year, consider what you can do as a leader to be more present to your own employees and teams. What can you do to make each individual feel genuinely valued, validated and appreciated? Your presence will pay off in terms of allegiance, increased productivity, greater teamwork and increased retention. And it will go a long ways towards fostering long-term trusted relationships that may extend well beyond your current workplace and throughout your entire career.

Trend Towards Borrowing vs Buying Books

In the digital age, many have turned to reading books on Kindles, iPads, and Nook devices among others. Others (including myself) like the feel and smell of reading physical books, folding the corners of meaningful pages to refer back to at a later date, which I often do. However there are several practical challenges when doing so: a) the first is that books have gotten increasingly more expensive (unless you buy them on Amazon and/or used, both of which I often do); b) the second is that you’ve got to have room to store those you want to keep, and c) they’re heavy to carry when you travel, especially if you don’t check bags, which I haven’t done for 20 years.

Do It Now — Don’t Wait; Tomorrow May Be Too Late

Image Courtesy of LA Times

I got the news via a colleague’s post on Facebook two weeks ago. A cherished, much treasured colleague I’d known for three decades ended his life suddenly. No one saw it coming. And he had just reached out to me recently wondering when I was going to be in LA next so we could get together. His name was Gary Stewart and he was a giant among men in the music/tech world. He’ll be very sorely missed.

There have been some great tributes and coverage about the impact of his life and work in all manner of publications since his death ranging from Rolling Stone to the LA Times and the New York Times. He was a master archivist in rock music, and was responsible in large part to re-issues, compilations and boxed sets of some of the most beloved artists in the rock canon primarily working with Rhino Records to bring these wonderful products to market. Gary was a truly nice guy who gave so much to everyone around him generously and graciously. …

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