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Cameron Herold, Founder BackPocket COO

by Dealmaker Media

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The Emotional Roller Coaster of Entrepreneurs

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Dealmaker Media at Dealmaker Media Video Part 2:

1 year ago
Are you sure you want to
Dealmaker Media at Dealmaker Media Video Part 1:

1 year ago
Are you sure you want to

4 Min Tell them about the good and bad at each stage. Tell them about Hopeful Realization Credit Learning this at College Pro Painters [twitter] Live Tweeting / Automatically While Presenting [/twitter]
Read the Manic Pages [twitter] Steve Jobs, Richard Branson, Ted Turner, Marc Andreessen, Bill Gross all have bi-polar signs [/twitter]
Read the Manic Pages [twitter] bi-polar disorder is nicknamed the ‘CEO Disease’ [/twitter]
What does this look like - wait for Roller Coaster Answer Reference last nights de-briefings
This emotional roller coaster is something we all go through in our role as entrepreneur. One of the keys to business success is understanding the Transition Curve. How does it work ? How does it affect us ? Where are we on it ? [twitter] One of the keys to business success is understanding the Roller Coaster we ride [/twitter] There is no bad spot on the curve really – as long as you recognize where you are and assume responsibility for moving forward For spouses – this is how to understand what your husband or wife is feeling [twitter] Spouses of Entrepreneurs ride the roller coaster with us [/twitter] [twitter] Spouses of Entrepreneurs get scared watching our ups & downs [/twitter] [twitter] Employees in entrepreneurial companies ride it too - do you teach them how to deal with your ups & downs? [/twitter] and why they’re feeling it (even if they aren’t telling you)
Filled with excitement, energy, passion and fun. No coffee needed – this stage is enough to get you out of bed, keep you from going to sleep and keep your entire team and customers pumped up. It’s also dangerous. What to do at this stage -sell - pr - talk to media - rally the troops What not to do -budgeting - buying stuff - planning - you’re too manic to make rational decisions [twitter] Uniformed Optimism is filled with excitement, energy, passion and fun. [/twitter] [twitter] Uniformed Optimism is also dangerous because you are manic & make irrational decisions . [/twitter]
Emotions pour out of you - but most of them are exciting
You have a perpetual smile
NO Coffee Needed
Energy abounds
you’re passionite
Regardless of what you see it doesn’t seem dangerous
You pretty much think you can conquer the world
Something clicks - uh oh
Doesn’t last forever. Something clicks. This is tough. Not enough hours in the day. Coffee sounds good. Support from someone would be nice. Why am I doing this. My old job sure looks good now. I am informed now – getting a bit pessimistic though. You’re feeling angry, hurt, blaming others etc. Explain what to do -budgeting -planning -interviewing -strategy What Not To Do -Sales Rallies - Blue Sky -Vision [twitter] Uniformed Optimism doesn’t last forever - pessimism always arrives [/twitter] [twitter] When you are at Informed Pessimism it’s time to do budgeting, planning, interviewing . [/twitter]
Gee this is tough
You never seem to have enough time
Something isn’t quite right, what changed ?
others seem to be happier & friendlier than you are
[twitter] It’s normal for entrepreneurs to spend time away from everyone. Often unable to get out of bed. [/twitter] You may cry a bit, you may find that spending the morning in bed feels comforting
Coffee does seem like a great idea actually
[twitter] At times running a company can feel like a nervous bride 30 min before the wedding. [/twitter] You may wonder why you’re doing this
Crisis of Meaning is when you’re in tears at Forum. You tell your parents you’ve made a mistake. You start screaming at staff for no real reason. What can you blame it on? It just can’t get any worse. Can you sell? Would anyone buy? What To Do -Seek Mentors -Talk to others -Simple Task Lists What Not To Do -big plans -sales calls -talk to media -interview [twitter] Crisis of Meaning is when you’re in tears at Forum. [/twitter]
[twitter] Crisis of Meaning is when you start screaming at staff for no real reason.. [/twitter] You’ll scream at staff for no real reason
[twitter] Crisis of Meaning is normal - yet very painful and depressing. [/twitter] You’ll point fingers at other in blame
And it pretty much seems like it couldn’t ever get worse
[twitter] Hi to Property Guys and all at Home Office (this slide shows your sign) ;) [/twitter] You may even think of selling the biz
[twitter] Too bad you’re not here live - showing this video - http://bit.ly/aSpgum [/twitter] and even if you think you’re thinking clearly, you’re not.
Crash & Burn. You think - I’m done. Time to close up. Nothing can turn me around. It’s over. I’m a quitter.
This is the most critical stage of transitions. Support from anyone and everyone is key. [twitter] Support from anyone and everyone is key to get through Crisis of Meaning . [/twitter] Sometimes just someone to listen. Sometimes ideas. Sometimes coaching. Sometimes a kick in the ass. Sometimes a mirror to look into. This is the critical point. Do I quit – or do I give er’. When the going gets tough the tough get going. Which one am I ?
[twitter] Entrepreneurs sometimes just need someone to listen... [/twitter] Someone to listen to you
[twitter] Entrepreneurs sometimes need impartial ideas on how to move forward. [/twitter] Ideas on how to move forward
[twitter] Entrepreneurs need a coach more than they’ll admit to themselves until it’s too late. [/twitter] A Coach who’s been there or helped others through it all
[twitter] Entrepreneurs often need a kick in the ass... [/twitter] Perhaps you just need a kick in the ass
[twitter] or a mirror to look into that someone else holds up for them.... [/twitter] Or a look in the mirror
Explain Hopeful Realism You are NOT home free yet………you could come sliding back down the curve [twitter] Hopeful Realism is s scary spot - you could easily slide back down the curve . [/twitter] Support works. I think I can do this - feeling better. It will be tough but I can do it.
Macro & Micro curves G-Forces have to be overcome. Enjoy the small curves. They make the big ones easier. Small successes do not always mean you are climbing the curve. You could be at the very Crisis of Meaning and something small perks you up – but it takes lots of effort to pull out of the depths. [twitter] You could be at Crisis of Meaning and something small perks you up – but it takes lots of effort to pull out. [/twitter]
DVDs - Many of you have them - ask the others if your team should be watching them too. [twitter] All of this content and more is available on DVD & CD at http://bit.ly/5cthfd [/twitter]

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Sauder School of Business, UBC at Sauder School of Business, UBC 1 year ago

Cameron Herold, Founder BackPocket COO Presentation Transcript

emotional roller coasters of entrepreneurs
Chapter 12: Roller Coaster Rides of CEOs
Transition Curve
1. Uninformed Optimism Uninformed Optimism
1. Uninformed Optimism 2. Informed Pessimism Informed Pessimism
1. Uninformed Optimism 2. Informed Pessimism 3. Crisis of Meaning Crisis Of Meaning
1. Uninformed Optimism 2. Informed Pessimism 3. Crisis of Meaning 4. Crash & Burn Crash & Burn
1. Uninformed Optimism 2. Informed Pessimism 3. Crisis of Meaning 4. Crash & Burn Support is Key Support Groups
1. Uninformed Optimism 2. Informed Pessimism 3. Crisis of Meaning 5. Informed Optimism 4. Crash & Burn Informed Optimism
Micro Curves Daily

Cameron Herold, Founder BackPocket COO

by Dealmaker Media

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Cameron Herold, Founder BackPocket COO Presentation Transcript