Coaching For Confidence…Revisited

A few years back, I wrote a blog with the above title that became one of our most popular blog entries.  I reviewed it recently in order to address a manager's concern, and realized that a revisit to this important topic may be due.  Some of the information below is from the original blog, but included are new thoughts garnered along the way…

Darren Clarke It's no secret that managing and coaching those around us can feel futile if those being coached lack confidence in their ability to succeed.  We've all witnessed talented people lose their spark and confidence, begin to wilt, and eventually begin to drop below performance standards.  Most of the time it feels like we can’t predict who will go which way.  And sometimes we can’t.  But, here are some clues and suggestions…
 
At the time I wrote the article, in 2009, I was watching "American Idol" (OK, I admitted I watched it- and still do) when one of the judges, Simon, who happened to be pretty candid and generally correct, asked a contestant, "Do you think that you can win this?"  Her answer, or lack thereof, proved that she clearly had serious doubts as to whether she could!  And you can guess what happened.  She was soon voted off the show.

Psychologist, Rosabeth Moss Kanter, expert on the subject of confidence explains:

"Confidence consists of positive expectations for favorable outcomes.  Confidence influences the willingness to invest – to commit money, time, reputation, emotional energy, or other resources – or to withhold or hedge investment.  This investment, or its absence, shapes the ability to perform.  In that sense, confidence lies at the heart of civilization.  Everything about an economy, a society, an organization, or a team depend on it.  Every step we take, every investment we make, is based on whether we feel we can count on ourselves and others to accomplish what has been promised.  Confidence determines whether our steps – individually or collectivity – are tiny and tentative or big and bold."  (Rosabeth Moss Kanter, Confidence: Leadership and the Psychology of Turnarounds, 2004)

Recruiting people is only the first stage of an ongoing process.  It's your job as a coach, manager, and/or mentor, to bring out the best in others, and that begins with assessing their confidence.  They have to believe that they can succeed in order to succeed.

This past weekend I caught the last two holes of the British Open.  I witnessed Darren Clarke, the least likely person to win the trophy, do it three strokes ahead of the runners up.  What struck me as I watched him on and off throughout various news stories the entire weekend, is that it appeared like he expected to win all along.

After the win, a commentator said that Clarke had consulted with his sports psychologist before the Open, who told him: “Don’t let your golf game determine your attitude, let your attitude determine your golf game.” 
 
So…what do you do if your agents begin to "lose," or rarely show a sense of confidence?

  1. Ask them: "Do you believe that you will succeed?"  If they don't, or if they say yes in a tentative or not believable manner:
  2. Then ask them what they believe the outcome will be if they don't really believe they can achieve their goals?  (Even though my graduate courses were over 25 years ago, I can tell you that those who believed they would finish and succeed, did!  Those who didn't have that confidence, failed!)
  3. Once you have them talking openly about their uncertainty and its impact on their performance, ask them to remember a time when they did succeed – big time!  Get them to remember their attitude going into the situation.  What was their level of confidence?  Did they expect success?  How did they envision success?
  4. And lastly, remind them that their best confidence comes when they aren't taking on important tasks and projects to bolster their ego, rather when they are doing it to contribute to clients, co-workers and society at large.  Only under these conditions can one sustain great performance.  Because when things don't go well, it's not about your ego, it's about your contribution!

And remind them…“Don’t let your sales so far this year determine your attitude, let your attitude determine your sales the remainder of the year!”


Editor's Note: This article was written by Dr. David Mashburn. Dave is a Clinical and Consulting Psychologist, a Partner at Tidemark, Inc. and a regular contributor to WorkPuzzle. Comments or questions are welcome. If you're an email subscriber, reply to this WorkPuzzle email. If you read the blog directly from the web, you can click the "comments" link below.

New Research: Why Do People Leave Their Jobs in Today’s Economy?

If you've read WorkPuzzle over the last few months, you probably remember several discussions (1, 2, 3) I've facilitated on the need for real estate companies to look beyond hiring just those agents who are already active/experienced in their industry.

If you're going to spend time and effort looking for candidates outside the industry (commonly called "new to real estate candidates"), it may be helpful to know what all those people  who "have normal jobs" are experiencing.  Thankfully, there are several researchers who study this topic.  The door is opening...and people are leaving...

Mercer, a large global human resources firm, recently conducted surveys of more than 30,000 employees from various industries, and discovered that more than 50% of the workforce in the U.S is really unhappy with their employers.  Their findings were published in their What's Working? human resources industry report.  A similar survey was conducted in 2005.  The 2005 data serves as a benchmark for the findings this year.   

So, what's changed in the last six years?  There are four strong theme's that have emerged in the data.  These themes were recently identified and documented by recruiting expert Kevin Wheeler in a recent Electronic Recruiting Exchange forum.  Here are some of Kevin's observations:

"While money and benefits are not the primary reason people leave their employers in normal times, these times are very different.

This recession has lingered longer than most and is impacting a generation of workers who have not suffered much from recessions in the past.  Their tolerance is different, and so are their expectations.

Today I think there are four primary drivers of these rather frightening statistics.  And these same reasons will eventually drive away the new people you recruit as well, unless you are candid and realistic right up front with the candidates."

1.  It's About the Money.  

"For many employees it has been a long time since they have gotten much in the way of a pay increase.  The recession is often used as a reason for not granting reasonable increases, and managers have been more focused on performance — or lack of performance, as a way to hold down these increases.

Yet, employees see their organizations making good profits and in some cases even record profits.  Corporate coffers are flush with cash, yet this has not translated into significant pay increases.  At the same time, option grants have shrunk due to changes in how they are taxed, giving some employees even less reason to stay.  Employees perceive an unfairness in how they are paid compared to how firms are profiting."

2.  It's About Being Overworked.

"Second, and not completely separated from pay, is the amount of work that is being asked of employees.  Many people I speak with are really doing what two or more would have done prior to this recession.  Managers have asked for more and gotten it as employees fear there are few other jobs.

Yet the perception about jobs is changing, and many are starting to make a move if for no other reason than to lessen their workload or find a more flexible employer."

3.  It's About Flexibility and Respect.

"A third growing issue is the attitude younger workers, especially those in the Gen Y category, have about work.  They feel their personal freedom is threatened by restrictive social media polices.  And they are unhappy with the unwillingness of many firms to allow flexible working hours.

They are also inclined to want open, authentic cultures and this recession has caused firms to tighten up communications, keep more secrets, and allow much less open discussion.  This is all negative to the younger folks who will seek out more open and flexible environments."

4. It's About Lack of Training and Development.

"A fourth element is lack of development.  Many surveys have pointed out that Gen Y in particular, but all of us at some time, want to take on new responsibilities and learn new skills.  During the recession organizations cut back on training and limited development opportunities.

In some cases when development was available no one could take advantage oif it because of high-demand work requirements that left no time available.  This has resulted in frustrated and bored employees who are looking for a change."

I would recommend that you work these four themes into every candidate interview you conduct.  Ask open-ended questions that are directed at uncovering the pain that the candidate is experiencing in their current employment situation.  The pain will not be hard to find if you poke around on the topics listed above.

Remember, until this pain is identified and felt by the candidate, they will not be able to "hear" how a career in the real estate industry could alleviate that pain.


Editor's Note:  This article was written by Ben Hess.  Ben is the Founding Partner and Managing Director of Tidemark, Inc. and a regular contributor to WorkPuzzle.  Comments or questions are welcome.  If you're an email subscriber, reply to this WorkPuzzle email.  If you read the blog directly from the web, you can click the "comments" link below.

What Summer Camp Can Teach You About Coaching New Agents

Earlier this year, one of my teenage sons had the idea of hosting a “bluegrass music camp” for kids this summer.  His older brother had attended a high school debate camp the previous year, and the college kids hosting that camp made it look pretty easy.  A budding entrepreneur was starting to spread his wings.

As some of you know, several of my children are pretty good bluegrass musicians.  To staff the camp, he recruited his brothers and a couple of his bluegrass friends.  He quickly had the staff necessary to pull this off.

Next, we put his mind to building a website for the event and a registration process, and finally securing a location for the camp.  He even started to promote the website through other adults in his network.  In April, things were looking great and hopes were high.  I even saw an email or two between his buddys, regarding “how much money they were going to make.”

Then reality set in.  Although he generated more than 1,000 unique visits to his website, the registrations were slow in coming.  As the weeks ticked by, it became apparent that he was not going to have enough kids registered to hold the camp.  Last week, he had to notify his instructors that the camp was cancelled.

As I contemplated how to turn this event into a learning experience, I ran across an article in this week’s issue of BusinessWeek.  The article highlights the growth and success of businesses that offer summer camps to kids.  The author tells the story of Andy Wexler, a summer camp entrepreneur who started a successful camp business:

“Andy Wexler didn’t much enjoy his own childhood camp experience. The only part he liked was going on field trips.  That’s why, as a 19-year-old junior at the University of California at Los Angeles in 1990,Summer camp he borrowed $1,000 to start his own camp based entirely on daily excursions to Disney Land, Magic Mountain, karate studios, and more.  'I thought it would be a fun thing to do, so I got a list of kids and called them up,' says Wexler.  'I probably did about 1,000 telephone calls and convinced 25 parents to send me their kids.'

Within five years, his Southern California-based enterprise grew to more than 500 campers, and had revenues of more than $1 million for an 11-week season.  Today, Wexler’s idea has evolved into Pali Overnight Adventures, a 74-acre camp complex offering 9-to-16-year-old attendees 16 areas of concentration ranging from Secret Agent sessions, where kids do things like soar down ziplines while firing paintball guns, to Hollywood Stunt Camp, where campers learn to jump from a two-story building, to a Culinary Institute where they receive instruction from professional chefs.  Wexler’s camps cost almost $1,700 per week, as compared to, say, Camp Marston, a 90-year-old YMCA camp near San Diego, which costs $535 for six days.  Pali’s revenue has averaged 10 percent growth annually over the past decade and rose 39 percent this year:  'If we have a day where we make under $25,000, we’re in trouble,' he says.”

This is a nice little business that Mr. Wexler has put together.  If my math is right, he’s generating over $3M in revenue during his 11-week season.  He’s also experiencing nearly 40% growth this year.  How many mature businesses (he’s been in business over 20 years) are experiencing this kind of growth in today’s economic environment?

Similarly, my son had a great idea and picked an industry experiencing exciting growth.  So, what went wrong?  I suspect it is the same thing that goes wrong with new agents who are starting their businesses in the real estate industry today:  He was unwilling to do a sufficient level of prospecting to get his new venture off the ground.

Notice what Andy Wexler had to do to get his first 25 campers:  He made 1,000 phone calls!  My son did not make 1,000 phone calls.  And, subsequently, he did not fill his camp with 25 students.  

What’s the lesson?  It takes a huge amount of focused effort, determination, perseverance, and tenacity to get something new off the ground.  Of course, the payoff for this effort can be quite substantial.  Notice that Andy Wexler’s company grew from 25 campers the first year, to more than 500 campers by the fifth year.  Once he made the huge effort of getting the ball rolling, growth likely came more quickly and easily than he originally expected.

This has been a great learning experience for my son…and it serves as good advice for the new young agents that you’re bringing into the real estate industry during these difficult times. 


Editor's Note:  This article was written by Ben Hess.  Ben is the Founding Partner and Managing Director of Tidemark, Inc. and a regular contributor to WorkPuzzle.  Comments or questions are welcome.  If you're an email subscriber, reply to this WorkPuzzle email.  If you read the blog directly from the web, you can click the "comments" link below.

The Benefits of Discipline and Consistency

Do you hold yourself and your team to practicing discipline and consistency with regard to daily tasks?  Or, do you operate your work life passively and in a reactive manner, responding to whatever is thrown in front of you?  Over the last couple weeks, I have had reason to reflect on this question for myself, our company, and my marriage.

This reflection began when I read a blog titled "Why I Hope to Die Empty," by Todd Henry.  It got me thinking about the importance of not wasting our days on frivolous undertakings, but instead making use of our talents consistently and completely, until the day we die.To Do List

My initial reaction was one of exhaustion.  To many of us, this call to "empty ourselves," can sound like we're being asked to run a marathon, plus wind sprints, every day without any rest.  That sounds hard, doesn't it?  As a result, I attempted to ignore the content of this blog at first, however, it continued to relentlessly pester me.  I had several interactions throughout the last few weeks that forced me to consider this concept again and again.  The final straw came when the pastor of our church preached on the "Parable of the Ten Minas."  This parable centers around the importance of using our talents and resources for purposeful and responsible growth.

At that point, I realized that I could no longer ignore this important message.  I began to consider, once again, how I could be graded along the continuum when it comes to using my talents and resources well.  As usual, there were places I could be graded well, and other places…not so well.  However, what fascinated me much more than the tally of pluses and minuses were the reasons for my successes.  I demonstrated tremendous growth where my talents and resources were well invested.

As it turns out, and only upon weeks of reflection,  I realized that the  "A grades" in my life have not come from the home runs, the one time discoveries, or any presentation I've ever delivered.  Instead, they've consistently shown up as a result of getting on base every day…the bunts, the bloopers, and the infield singles.  Whether it has been in my education, my marriage, therapy with my patients, writing the blog, executing our business well, or interacting with others — it's the small proactive activities, executed with discipline and consistency that have produced almost all of the growth in myself and others involved in those tasks.  Each activity, each day, in and of itself, never felt like I was doing anything that spectacular.  Most of it felt rather mundane and ho-hum.

I don't want you to get the idea that I have done anything heroic at all…or that I haven't made plenty of mistakes or wasted precious resources of talent, treasure, and time.  I have!  But, I'm beginning to see that the ho-hum, do-the-right-thing, plan-and-execute-tasks-proactively lifestyle… IS Heroic.  In looking at what has driven the truest, most sustainable impact, it's only been through years of doing what seems like the "mundane" right thing, that the lives of patients have changed, neighbors have confided in me, young couples have been mentored, companies have trusted us, and friendships have been built.

Not all of the above activities came with great willingness on my part either.  Ben Hess (Business Partner and Managing Director of Tidemark, and now friend) ultimately had to convince me that jointly writing this blog twice weekly, would be time well spent for, not only our business partners, but for us and our own learning.  I resisted, thinking that it would be time we could be spending on other tasks (this is called lazy).  Ben couldn't have been more accurate in his recommendation.

So I urge you to ask your self these questions:

"What small steps am I taking consistently and proactively that have an impact on the growth of my business, the business of others, and the lives of others?"

"Am I spending the majority of my life reacting to circumstances of business and life without consistent, disciplined action?"  If so, "What talents am I ignoring by doing that?"

"What proactive tasks can I add to my schedule that will SLOWLY add value to the business, others, and my own learning?"

"What tasks are already right under my nose- right now- that I am actively avoiding?"

This should keep you busy for awhile…

 


 

Editor's Note: This article was written by Dr. David Mashburn. Dave is a Clinical and Consulting Psychologist, a Partner at Tidemark, Inc. and a regular contributor to WorkPuzzle. Comments or questions are welcome. If you're an email subscriber, reply to this WorkPuzzle email. If you read the blog directly from the web, you can click the "comments" link below.

Waiting for Superman: Reinforces Principles of Management and Sales

If you haven’t already seen it, I want to highly recommend you watch the critically acclaimed documentary called Waiting for Superman.  Directed by Davis Guggenheim, Waiting for Superman, received the Audience Award for Best Documentary at the 2010 Sundance Film Festival, as well as Best Documentary Feature at the Critics’ Choice Movie Awards.

Waiting for Superman... Documentary filmmaker, Davis Guggenheim, explores the tragic ways in which the American public education system is failing our nation's children, and explores the principle differences between “dropout factory” public schools and some charter schools, many of which are in some of the worst neighborhoods.

On the public school side, dreadful statistics are presented in a series of animated episodes. He chronicles decades of diminishing national reading and math scores, America’s low standing when compared with other countries, the high dropout rate in urban public high schools, the tenure system (guaranteed by union contract), and the fact that it is against union rules to pay excellent teachers a higher wage than inferior ones.  Apparently, many public school principals rotate lousy teachers within a district, in pessimistic shuffles known as the Dance of the Lemons, the Turkey Trot, and Pass the Trash.

On the flip side, despite receiving public funds (as well as much private support), charter schools can hire non-union teachers and adopt their own curriculum and standards.  In these environments, they can hire and fire at will, reward good teaching, hold longer school days, and exercise high expectations.  What a concept!

What does this have to do with real estate?

I did some additional research and came upon an article, by Ellen Galinsky, who had personally spent time interviewing some of the best education innovators.  In this article, you will readily find principles that relate to the best managers and agents in real estate.  Here is some of what she has to say:

“About a year ago, I spent time interviewing and filming Geoffrey Canada and his staff at the Harlem Children’s Zone (HCZ) for Mind in the Making.  Since Canada is one of the 'stars' of Waiting for Superman (as he deserves to be), I feel compelled to share my observations from that visit as a brief glimpse of what it will take to fix education.

 

To foster good teaching—it takes an adult learning environment where there is accountability: When I visited the HCZ, Canada told me that they look for teachers with a 'no excuses' attitude:  Everybody who comes in to work for me promises me they know these kids are poor and the families have problems.  However, Canada finds that if a teacher isn’t doing well, he or she is likely to begin blaming the difficulties in these children's home lives.  Canada says to these teachers:

'You knew [the realities of these children’s lives] when you took the job—you said you understood that was the deal—now you’re making excuses.'  If you allow people to make excuses, it becomes the kid’s fault, the parent’s fault, the community’s fault…versus those of us who are getting paid!  That said, the teachers at HCZ have a great deal of support for improving, including opportunities to learn more about children’s learning and teaching from other more experienced teachers, from specialists, and from colleges and universities which they are encouraged to attend.  I had the strong impression that HCZ was a learning community, where everyone, at every level, including Canada, was trying to learn more.  And that learning environment has become contagious, spilling over onto the children.

To foster good learning environments for the children, there needs to be high expectations and accountability, but mistakes are seen as part of the process of learning.  In its brochure, Canada describes the ultimate goal of HCZ: 'getting our kids into and through college.'  HCZ makes sure that this goal is visible and reinforced daily.  For example, in the Promise Academy elementary program I observed, the children line up in the hallway every morning and state this goal as their creed.  Canada says:
 If kids are saying their creed, 'I will go to college; I will succeed,'
if their parents are thinking that, if the teachers are thinking that, then you’ve got thirty percent of the work done.  In the HCZ, the children are expected to develop a good work ethic, put many hours into school, and to understand that there are times when learning won’t be fun.  The staff also know that it is impossible for children to succeed all of the time, which is why I like the rating system used there—not A, B, C, D, and F but 1 to 4, where 1 is an 'oops.'  The superintendent of HCZ, Daryl Rock describes their philosophy:  We give [children] the freedom to make mistakes.  We teach our kids that failure is not a way of labeling who you are—it’s just a way of identifying what you don’t know and what you need to put more effort into.  When kids understand that, they’re not hesitant about trying something, because if they fail, it’s not a reflection on them.  That just tells them:  'This is an area we need to work on.'  To put this in another way, the children aren’t just learning content, they are learning life skills, including how to take on challenges.”

Which attitudes are you and your company adopting toward productivity?
 
Furthermore, if you’ve been searching for a worthy cause for individual volunteering or better yet, to rally your office/company around, you might want to visit the Waiting for Superman website for action opportunities.  This could be what you’ve been waiting for…


Editor's Note: This article was written by Dr. David Mashburn. Dave is a Clinical and Consulting Psychologist, a Partner at Tidemark, Inc. and a regular contributor to WorkPuzzle. Comments or questions are welcome. If you're an email subscriber, reply to this WorkPuzzle email. If you read the blog directly from the web, you can click the "comments" link below.

Is Searching For Stars Worth the Price? Part 2

Hopefully, you had the opportunity to read the blog that Dave highlighted earlier this week.  At the end of his posting, you may have noticed he referenced a “Part 2” to Bill Taylor’s original essay.  I found the follow-up article even more helpful than the original.  There is something about having to defend your ideas under hostile fire that causes the cream to rise to the top.    

Since digesting both articles amounts to a lot of reading, I thought it might be helpful to summarize a few of the main points and relate the specific ideas to the real estate industry.

1.   The “smart” take from the “strong.”  Traditionally, the strong take from the weak.  This is particularly true in the real estate industry.  If you’re fortunate enough to have a strong brand or even a multi-generational track record of success, you’ve probably been able to leverage that strength to defeat weak competitors and keep new opponents from gaining traction.  

Will this trend continue?  Not if real estate follows the pattern that has emerged in many other industries.  Bill puts it this way :

“… the great sweep of business and innovation has increased the power of the individual and the small team over the lumbering herd.”

Lumbering herds take notice.  There are some small, nimble teams and individuals who want what you have.

2.  Some companies believe in “stars” because they don’t believe in “systems.”  Bill references an article written by Malcom Gladwell in 2002 called The Talent Myth to make his point.

“The problem with this star-studded approach is the assumption that an organization's intelligence is simply a function of the intelligence of its employees.  [Some companies] believe in stars, because they don't believe in systems.  In a way, that's understandable, because our lives are so obviously enriched by individual brilliance.  Groups don't write great novels, and a committee didn't come up with the theory of relativity.

But companies work by different rules.  They don't just create; they execute and compete and coordinate the efforts of many different people, and the organizations that are most successful at that task are the ones where the system is the star."

With regard to real estate… Looking ahead, those companies that are able to make “the system the star” will have a distinct advantage over those which continue to depend upon the talent of individual contributors.

3.  Follow IBM’s example.  Just because a company is large and prominent, does not mean they’re destined for failure (or success).  IBM has lasted for more than 100 years because it has recreated itself as technology, culture, and business has changed again and again.

“It's worth noting that the debate over this post takes place during IBM's centennial celebration.  Now, I'm excited by the rise of Facebook, the IPO of LinkedIn, and all the latest successes from the startup world.  It's great stuff.  But for IBM to celebrate its 100th anniversary as a company, to remain, despite wave after wave of disruptive technological change, as a world-shaping force for solving big problems and making a big difference — that's truly something to admire.

IBM has stayed in the game for a century because it understands that groups are as important as individuals…  [As young IBM employees] report for duty, they get immersed in a system that emphasizes group cohesion over me-first individual achievement.  Great companies, great organizations of all kinds, are about how everyone works together as well as how each person does his or her work.  Winning [companies] are more than just a collection of talented individuals.”

Many of Tidemark’s clients are the most successful and prominent real estate companies in the country (some of these companies are even older than IBM).  And many of these companies are in the midst of a profound struggle to recreate themselves in the face of changing marketing conditions, new technologies, and high-energy competitors.

Don’t give up the fight to make this transition.  Become, once again, the IBM of your community…


Editor's Note:  This article was written by Ben Hess.  Ben is the Founding Partner and Managing Director of Tidemark, Inc. and a regular contributor to WorkPuzzle.  Comments or questions are welcome.  If you're an email subscriber, reply to this WorkPuzzle email.  If you read the blog directly from the web, you can click the "comments" link below.