May 29, 2024

238. Three Components of Setting the Vision feat. Jeff Gardner author of Love Your People

238. Three Components of Setting the Vision feat. Jeff Gardner author of Love Your People
Apple Podcasts podcast player icon Spotify podcast player icon RSS Feed podcast player icon Amazon Music podcast player icon Castbox podcast player icon Castro podcast player icon Deezer podcast player icon Goodpods podcast player icon iHeartRadio podcast player icon Overcast podcast player icon PocketCasts podcast player icon TuneIn podcast player icon
Season 4

Text your thoughts directly to Rich.

The vision for your startup needs to come out of your head and be articulated to you company. 

About “Love Your People” by Jeff Gardner
Love over fear is the key to exceptional leadership. 'Love Your People' shatters conventional wisdom by advocating for a love-based approach that sparks unparalleled organizational success. Through gripping narratives, bold insights, and disruptive guidance, this manifesto redefines love as a strategic weapon, unleashing innovation, autonomy, and transparency. It challenges fear-driven leadership paradigms, igniting empowerment and championing personal growth and collaboration.  

Pick up your copy of Love Your People – An Entrepreneurial Leadership System at Amazon

About AVL Growth Partners
AVL Growth Partners, founded in 2009, is the leading fractional Finance and Accounting firm supporting organizations in pivoting from growth to scale. AVL brings an experienced team of CFOs, Controllers, and Accountants to your organization, delivering transparent, strategic actions for short and long-term success. Transform your financial approach affordably with AVL, supporting companies coast to coast - get to know AVL Growth Partners at avlgrowth.com. (Sponsored)

About SpringTime Ventures
SpringTime Ventures seeds high-growth startups in healthcare, fintech & insurtech, and logistics & supply chain. We look for founders with domain expertise, forging a path with a truly transformative technology. We only invest in software-based businesses in the USA. We bring a people-focused approach, work quickly, and reach conviction independently. Our initial check size is $600k. You can learn more about us and our approach.     

Transcript
WEBVTT

00:00:01.000 --> 00:00:05.030
Let's start with the first place where I work with entrepreneurs.

00:00:05.570 --> 00:00:13.262
It starts on two main aspects, one is vision and then the second is setting up for performance excellence.

00:00:14.012 --> 00:00:23.027
If we just take the vision aspect of it, when I start working with a lot of companies, the entrepreneur, may have in their head where they want to go with the business.

00:00:23.638 --> 00:00:27.178
But it usually are often sits only in the entrepreneur's head.

00:00:27.678 --> 00:00:35.667
Really getting that out so you can articulate it and you can explain where the business is going is critical.

00:00:36.478 --> 00:00:39.091
There is a framework that I absolutely love.

00:00:39.499 --> 00:00:43.795
Jim Collins wrote about it in one of his books, and It centers around three things.

00:00:43.795 --> 00:00:47.905
When you talk about vision, it's so easy to get lost in all these different frameworks and structures.

00:00:48.335 --> 00:00:50.744
But I have found that simplicity wins the day.

00:00:51.244 --> 00:00:54.625
When we talk about vision, you're looking at three things.

00:00:55.185 --> 00:00:56.994
One is purpose.

00:00:57.145 --> 00:00:58.895
Why does this company exist?

00:00:58.924 --> 00:01:00.450
What are we going after?

00:01:00.750 --> 00:01:04.495
And getting very, very clear what that purpose is.

00:01:05.245 --> 00:01:07.885
The second is having the core values.

00:01:08.375 --> 00:01:16.605
And the core values are so critical to making sure you hire the right people and that you're building the business the way that you want to build the business.

00:01:17.355 --> 00:01:19.704
And then the third piece is a mission.

00:01:20.165 --> 00:01:27.646
And it's not a mission statement, think of it as a three to four year, maybe five year goal that you're going to go after.

00:01:28.016 --> 00:01:31.006
Are you going to have X percent of market share in this market?

00:01:31.421 --> 00:01:34.799
What is it that you're going to have and go achieve?

00:01:35.549 --> 00:01:43.147
Those are the three components of a vision and helping an entrepreneur set that up so that they can articulate to investors.

00:01:43.477 --> 00:01:47.200
Because we all need to raise money whether it's angel, whether it's VC, what it may be.

00:01:47.670 --> 00:01:57.944
And as you're attracting talent, you need to be able to tell that story and help convince and persuade great talent that they should be joining your organization.

00:01:58.394 --> 00:02:06.784
The vision aspect is often overlooked and left in the founder's head, and it needs to come out and be articulated to all those involved.