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Archives for March 2016

Millionaire Myths

March 29, 2016 By Change Masters Academy Leave a Comment

There are many myths about wealth and income in the US, and worldwide. Some facts give an interesting perspective:

Annual income:

A family income of $175,000 in the USA puts you in the top 5% of income earners. Family income of $500,000 earnings rank you in the top 1% in the U.S.A.

World Perspective:

Half of the world’s richest one percent live in the U.S.A., which is based on an annual income of $136,000 worldwide, according to CNN.

The world’s median income is only $1,225 per year.

Wealth — what is owned:

Most millionaires earned their money and still go to work, drive a Ford, and worry about their kids’ college expenses. Millionaires come in all shapes and sizes; some may be elitists, but most are just regular Joes who saved their money.

Only 20% of millionaires inherited their riches. Most millionaires didn’t get their wealth overnight when a rich relative died — they just worked for the money.

Many millionaires actually drive a Ford, with the American auto maker topping the millionaires’ preferred car list at 9.4%. Cadillac runs second on the millionaires’ favorite car list, and Lincoln third — and 77% drive an older model.

Most millionaires worry about retirement, their kids’ college fund, and about paying the mortgage — just like the rest of us. Those worries are greatest among millionaires who  recently acquired their wealth.

At the extremes,“Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world’s population — a figure that has fallen from 388 just five years ago,” the Anti-Poverty Agency said in its report published ahead of their annual gathering of the world’s financial and political elites in Davos, Switzerland. The richest 1% now own more than all the rest of us (99%).

Choose Courage

March 23, 2016 By Tom Mungavan Leave a Comment

“You can choose courage or you can choose comfort, but you cannot choose both.”  Brene Brown

Meeting Basics That Make a Difference

March 17, 2016 By Tom Mungavan Leave a Comment

The importance of running good meetings has always been essential. In remote communications it’s even more important. Here are the basics from our book as a reminder …

Meeting Basics that Really Make the Difference in Remote Communication

You can decide to have excellent meetings. Even in an environment where meetings are poorly run, you can be the exception. The following guidelines are meeting fundamentals which can help you display executive presence. They’re common principles, which are often violated. The challenge of communicating remotely via audio-conference or video-conference makes the basics even more important!

If You are Running the Meeting:video_conference_anim_150_clr_14830

  1. Be clear about the purpose of the meeting, even if it is a routine team meeting. Ask if there is a better way to achieve the objective than having a meeting. If it is a regular meeting, can you do it half as often and be just as effective?
  2. Only invite those that can bring value or have a need to know, and be clear about your expectations.
  3. Have a timed agenda distributed well in advance of the meeting. If people only need participate for a small segment of the agenda, let them come and go for their time slot. Indicate whether the agenda item is for decision, discussion, or feedback.
  4. Start and end on time (or early if possible). We know a Vice President who locked the door at the start time of his staff meetings. Anyone who was not there was not able to attend. He only had to do this a few times to make his message clear. Start on time even if not everyone is present, because it is respectful to those who do arrive on time.
  5. Be clear why each person attends and be clear about his or her role. Even if higher-level people are in the meeting, remember you are running the meeting.
  6. Stick to the agenda, but promote discussion and debate.
  7. Bring each point to conclusion, and document the conclusion. If there are follow-up actions, be sure the responsibilities are clear and accepted in the meeting by someone who is in the meeting. If the action is for someone not in attendance, someone present in the meeting should have that action until it is accepted by someone else.
  8. Make the meeting interesting. Show a movie clip to illustrate your concept or read an email from a satisfied customer. Break up the routine positively.
  9. Send out minutes with the action items to the meeting participants. Copy those that have a need to know and were not at the meeting.
  10. Seek feedback from participants on how future meetings could be improved. It demonstrates that you value their time.

Participating In Meetings with Executive Presence:
If you are a participant invited to a meeting, you can ask the organizer about the purpose and your role in the meeting if they have not already offered that information. You can be selective in the meetings you attend (or delegate someone else to attend). Once you decide to attend … participate well. Be a role model for being prepared and engaged in the meeting by doing the following:

  1. Know what you want to achieve in the meeting.
  2. Monitor your talk-time to see that you are participating enough without talking too much.
  3. Pick your battles.
  4. Continually look at the Other Person’s Point of View (OPPOV™) being demonstrated by the other participants.
  5. Be as authentically supportive of others in the meeting as possible.

From Seeing Yourself as Others Do Authentic Executive Presence at Any Stage of Your Career by Carol Keers and Thomas Mungavan, 2009.

 

Perception and Misperception

March 10, 2016 By Tom Mungavan Leave a Comment

I was reading a LinkedIn post about “perception” and “misperception” that included:

” I recently participated in some coaching on executive presence. While I know you can see my profile picture, I am a little over 6 feet tall, relatively fit, shave my head, and often wear my greying facial hair in the form of a beard or goatee. During the coaching, I had to get up in front of the team and give a “pitch” while being videotaped. Then I received what I had been dreading… the feedback …[Link …]”

It is a great article!2016-02-22_Black Violin-Steriotypes

It was written by one of our workshop participants talking about his experience in our “Persuasion, Perception, and Executive Presence” (PPEP) workshop. The high intensity workshop has made major changes in people’s lives. It is very rewarding to see a blog post from a past participant and see how it has impact him personally. It is particularly rewarding to see how he has taken the concept to a whole new level.

We all fall victim to stereotypes of us and the stereotypes we have of others. I encourage you to read the article and watch the videos.

 

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