Moving From Thermometer to Thermostat, Moving Faster and Taking the Long View
Author Shares How to Move From Thermometer to Thermostat to Gain Control of Our Lives - s11 ep11
AI Episode Summary
Dr. Sharon Melnick is an executive coach and author of the book In Your Power.
Her book is for anyone who feels that they are not seen, heard, or able to make an impact in their personal or professional life.
The book focuses on helping individuals be in their power, which means being able to stay grounded and in control in any situation.
Being in your power helps shift the dynamic of a situation and allows for better outcomes for everyone involved.
Sharon acknowledges that women face extra pressure in society but notes that men are also affected by the patriarchal system.
One of the ways women can lean into their power is by understanding what aspects of a situation they can control and focusing on those.
Other ways to be in your power include changing your perspective, responding instead of reacting, clearing emotions, knowing your triggers, setting boundaries, and engaging in joint problem-solving.
Sharon shares a real-life example of working with an executive who had received a complaint. By approaching the situation with empathy, rapport was built, and behavior change was achieved.
Sharon's superpower is deep empathy, making others feel seen and understood.
Tips for developing empathy include recognizing triggers, understanding that emotions can cloud objective thinking, and finding strategies to get back to a place of calm and clarity.
You're Part of a Movement—Move Faster
You and I are part of a movement to enhance capitalism so that it can address community and global problems rather than exacerbate them. We’ve got to quicken the pace.
Summer weather is a reminder for many of us that what we for decades benignly called global warming is no longer a prediction but a full-blown climate crisis, with severe storms, intolerable heat and wildfires blazing around the world.
Globally, but especially here in the US, a trend toward economic success for an ever-narrowing group of elites, with working people increasingly struggling just to keep up. The correlation between poverty statistics and data about wealth by race is also troubling.
Capitalism has proven to be an unrivaled economic engine. The potential for economic rewards inspires inventors and entrepreneurs to create things that make our lives more comfortable—and often make the world better. Imagine a world without airplanes, cars or air conditioning. Few of us are willing to consider a future where we give up all those things entirely.
Expert: Taking a Long-Term View Is Key to Successful Crowdfunding Investments
AI Episode Summary
Devin Thorpe introduces Brian Belley, Vice President at KingsCrowd, an angel investor who has made over 200 investments via crowdfunding portals.
Brian shares the story of CrowdWise, his startup that provided educational tools and services for new investors in the crowdfunding industry and was later acquired by KingsCrowd.
Brian discusses his investment process, which involves screening and evaluating deals based on factors such as price, potential market, team evaluation, and deal terms.
He emphasizes the importance of building a diversified portfolio and considering both financial and impact factors when selecting investments.
Brian explains that he occasionally includes debt deals in his portfolio to diversify his assets and offers insights into the current dynamics of the debt deal market.
Devin highlights Brian's superpower of thinking long-term and making trade-offs that may seem like sacrifices in the short term but benefit him in the long run.
Brian suggests that slowing down, reflecting, and aligning one's compass with long-term goals can lead to greater impact and success.
He advises setting annual goals, maintaining balance in various areas of life, and periodically reflecting and making course corrections if necessary.
Brian mentions that people can connect with him on LinkedIn and learn more about KingsCrowd at kingscrowd.com and about the Crowdfunding Professional Association at cfpa.org.
The episode concludes with Devin Thorpe expressing gratitude and wishing Brian success in his investing and work at KingsCrowd.
For the September SuperCrowdHour, I’m going to share some of the lessons I’ve learned from making dozens of crowdfunding investments and talking to hundreds of entrepreneurs and investors. You’ll learn not just how to make investments via crowdfunding but how to make money doing it.
Many impact crowdfunding investors focus on impact first. I admire the approach but note that a goal for maximizing impact is best accomplished by making money. It works two ways. A company that goes out of business has no impact after it dies. One that grows profitably can do unlimited amounts of good. Furthermore, if the investment delivers financial results to you, you can reinvest and do more good as an investor!
If you’re focused primarily on making money, you’ll find this session helpful, too. We’ll discuss maximizing financial returns. Don’t miss it!