Similarities between running a businesses and raising a toddler

Last month I celebrated my 3rd anniversary as a fulltime entrepreneur. Happy birthday to me!

Emma Vallin, Executive Coach & Leadership Consultant

In some ways you can compare starting a business to parenting a child. It’s an exciting idea to bring a child into the world but few of us were prepared for the toddle tantrums and a 3-year old’s talent for accidents. (My youngest son went through a period of putting peas, sweetcorn, and anything small enough up his nose 😫).

What parents learn, often a bit too late, is that their toddler isn’t trying to drive them crazy nor kill themselves. They are simply learning and developing by testing boundaries.

A small business goes through similar growing pains. It can be equally challenging, unpredictable, and full of ups and downs. Just as parents can draw strength from watching their cherubs sleep peacefully after a day of food attacks, entrepreneurs can find energy from reflecting on their experience.

– We need to remind ourselves of why we set out on the journey in the first place.

So, as my ‘third child’ turns 3, here are my reflections:

🎂 My BS ratio (Nonsense work/ Meaningful work) has dropped from about 10-1 to 1-10 since I left my corporate career. Back then my days were filled with ineffective meetings, impression management and producing endless amounts of PPT presentations. Today most of my time is spent on what I consider meaningful work, things that help me achieve my mission.

🎂 The freedom that comes with being your own boss is even greater than I imagined. Perhaps the greatest freedom for me is being able to choose whom I want to collaborate with.

🎂I’ve grown and developed a lot in these years. It’s incredibly rewarding to be able to use all your talents and experience to create something of your own.

A big thanks to my supporters, clients, partners, and the amazing fellow entrepreneurs I’ve met along the way.

Here’s to the next 3 years, hoping they will be as fun and rewarding, but perhaps a bit less crazy.

#reflection #entrepreneur #businessdevelopment

Building Psychologically Safe Teams

Have you ever been on a team where:

    • you spoke openly about difficult topics
    • you viewed mistakes as a chance to learn
    • colleagues went the extra mile for each other, and
    • you capitalized on everyone’s differences?

Then you’ve probably experiences the potency of psychological safety.

Defined by Amy C. Edmondson as “a belief that the context is safe for interpersonal risk-taking – that speaking up with ideas, questions, concerns, or mistakes will be welcomed and valued”, Psychological safety is a critical ingredient for groups to be engaged, to learn and to succeed.

Why psych. safety matters more than ever

Today the work many of us do is highly cognitive. It requires us to solve complex problems and find creative solutions to new challenges. Collaboration and the ability to get the best out of a diverse group is one of the biggest leadership challenges we face. In this uncertain and fast paced world, everyone’s voice could be business critical. Leaders who fail to create a climate where that voice can be raised freely, without fear of the consequences, risk missing out on opportunities and disengage the organization’s best people.

Employees who are not engaged or who are actively disengaged cost the world $7.8 trillion in lost productivity, according to Gallup’s State of the Global Workplace: 2022 Report. That’s equal to 11% of global GDP.

On this flipside companies that report high psychological safety experience:

    •  76% more engagement
    • 50% more productivity
    • 74% less stress
    • 57% workers more likely to collaborate

 “No one comes up with a good idea when being chased by a tiger”

How to build Psychological Safety in a team

Psychological Safety is gained over time through intentional actions. It is something that is built in drops but lost in buckets.

I work with vastly different teams who want to improve their collaboration – from leadership teams to startups and global HR teams. In my experience, teams can significantly improve their level of psychological safety in just a few months by making it a priority.

I’m certified in the Fearless Organization tool – a method for measuring and developing psychological safety, based on over 30 years of research.

The work I do with teams usually follows these 4 steps:

1.   1-1 meeting with the team leader

2.   Team completes the online Fearless Organization Scan

3.   Debrief workshop when we look at specific areas for improvement and develop an action plan. The team then works intentionally with the identified behaviors.

4.   A follow up online scan after 2-4 months followed by a new workshop to discuss and learn. Regular measurement, support and dialog.

“Start with the common goal. Then make psychological safety a common project.” Amy C. Edmondson

In the coming weeks I’ll post about the 4 dimensions of psychological safety, highlighted in the Fearless Organization book by Amy Edmondson, and tools to improve them:

    1.  Open Conversation
    2. Attitude Towards Risk & Failure
    3. Willingness to Help
    4. Inclusion & Diversity

I hope you’ll join me in discussing ways we can build open, engaged and effective teams.

First up next week is: Open Conversations

Nominate a leader for the Executive Coaching Program


Are you leading your organization through change?

Do you want to become a more resilient, self-aware, and effective leader?

Or do you work with a super talent who would flourish with dedicated personal development support?

I’m offering up one spot on my Executive Coaching Program for free

The program includes an EQ-i 2.0® assessment and report + individual coaching. Apply in the link below. (Value € 1,950)

As an ICF-certified coach and certified EQ-i 2.0 practitioner I help leaders around the world develop a sharp vision, lead with authenticity, and create sustainable teams. With my 15+ years of corporate-and NGO leadership experience I support AND challenge leaders to raise their game.

Why is EQ critical to the success of today’s leaders?

Emotional intelligence skills are critical for problem solving, leading yourself and others as well as for building resilience.

The World Economic Forum has ranked Emotional Intelligence as one of the top 10 skills needed for the fourth industrial revolution.

And a recent Harvard Business Review article, “The EI Advantage,” states: “Corporate cultures that lack EI are becoming a major liability as business environments change.”

This year has certainly shown us the importance of adapting the change. Reflecting on my own 2020 there have definitely been a few big ones – starting my own business, leaving the corporate world, launching my Achievement Detox Program and going all digital with webinars and workshops.

Take this opportunity to nominate yourself of someone who wants to raise their game in 2021.

Best of luck!

Application

Program start Jan 2021. Winner announced by 15th Jan 2021. All coaching via Microsoft Teams. Appointments booked on kontakt@emmavallin.se, 24 hour cancellation policy.

Nervous and exciting Dry Run of my new Webinar

Had a dry run of my new webinar; Achievement Detox last night. A couple of amazing friends were my guinea pigs and gave me really useful feedback!

All went well except a couple of technical hiccups.

Next week is the first session with a larger audience! Fingers crossed MicrosoftTeams works better for me then.

So far the webinar is only in Swedish but I’m introducing an English version after the summer.

If you or your company are interested in achievement addiction and need inspiration for your work with creating a sustainable work culture – do let me know. Happy to tailor workshops or webinars to your needs.

Are you a frog in boiling water?

You’ve probably heard the boiling frog story from at least one overpaid management consultant. You know the story where one frog is put into cold water that is slowly brought to a boil, therefore stays in the water and dies. The other frog is thrown into boiling water, jumps out and lives.

The wrong job can certainly be like water slowly heating up. We feel more drained, out of place and demotivated over time but if we’re not uncomfortable enough, we don’t make the change. Grass is never greener, we tell ourselves.

Recent times have thrown many of us into boiling water. Even those of us not directly affected by the Corona virus have had our daily lives turned upside down.  We’ve seen industries fall apart over night and might be questioning the relevance and value of our jobs. (Is it too late to train as a nurse?)

However painful, scary and challenging a sudden change is it can also give you incredible clarity and an insight into what matters. Extreme circumstances can help you make some bold moves.

To continue on the frog metaphor; a sudden pain can help you leap (Nerd Face on Apple iOS 13.3) out of a negative situation and discover a completely new venture, approach, or career.

Are your uncomfortable enough to make the change?

I help clients match career options with their values and needs and offer tools like network mapping. Give me a shout if you think career coaching might be useful for you. First session is free.