The Greatest Showman pleased audiences across the country and hit a box office milestone: It’s the third-biggest live-action original musical ever behind Enchanted and La La Land (according to Forbes). While many people tout the positive storyline and catchy musical numbers, there are some lessons business owners can take from this biopic story.
On the blog today I am going to share three of my favorite business takeaways.
An obvious takeaway from the movie is to be passionate about pursuing your “million dreams”. Business owners can really glean some great thoughts from the movie. Dreams are awesome and I love how the movie talks about dreaming with your eyes wide open, but one of my favorite lessons from the story is that when the museum was a flop, he pivoted. As the show grew, he added new acts to keep things fresh, one of the biggest challenges I see small businesses make is they enter the market one way and dig in their heels, but you need to be willing to innovate and grow and sometimes you have to let go of what you started to get where you really want to go.
They had to change, as it seems like there were a number of challenges faced in their business. The second tip I have for business that are facing challenges comes from one of my favorite lines in the movie. “We don’t need a building.” I love the idea that they didn’t have to do it the way everyone else was doing it, or the way they “thought” it should be. Barnum’s idea to buy cheap property and use a tent is a great example of thinking outside the box. Small business owners need to be willing to do things a different way if they want to stand out.
The final message from Greatest Showman is my favorite, in the song, “Greatest Show” they sing, “Everything you ever want, everything you ever need, is here right in front of you.” THIS is what I tell all of my clients. You can have “A Million Dreams” but truly everything you want you already have. Don’t assume a rocking business, or even an awesome goal or success can fill some kind of hole in your life. Everything you want you already have. Everything you need to be successful in business is within you already. This story is a classic tale, one we’ve heard from many successful and famous business owners, that they sacrificed their families for their careers, don’t let that be so. I truly believe you can grow a thriving business without having a meaningful personal life. Don’t wait until you crash to figure this out.
Corporate cultures are adjusting to the unique needs of women in their workforce. More companies are creating flexible time off polices and maternity leave programs. As a result, women are more likely to stay longer at organizations with a culture that’s flexible to the demands of women who wear many hats. Now, organizations are looking to find ways to train, empower, develop and mentor women to be better prepared for advancement opportunities.
The blog today is all about four ways companies can empower and develop the women in their organizations.
Let’s start with the why. Why should an organization create initiatives that foster personal development for women?
Advanced education and on the job training can help employees learn important skills that will help them excel in their individual jobs, but if there isn’t a foundation of clarity, high performance and productivity then advancement and job development is actually stifled. A few months ago google released an article sharing that they’ve studied the trends, habits and effects of their personal development programs and discovered that soft skills were actually more valuable than job specific training.
Organizations do have very limited budgets. I have a couple suggestions on how they can still get started on this initiative. Two ideas here, first, allow 2 hours a week paid for personal development time. This can be spent in reading books (chosen or assigned by the organization), watching topic specific videos, etc. The second idea is to develop internal mentoring programs. Pair up senior level leadership with employees you want to develop for advancement and allow an hour a week for in person meetings to set goals, talk through job descriptions, etc.
What about the opposite side of the spectrum. What about the companies that are ready to take it to the next level and allocate budget for personal development. I have two ideas here as well. First, I recommend developing internal women’s groups. Many corporations, especially in technology companies have a “Women in Tech” group. They have budget for monthly lunch and learns where they can bring in outside speakers, discuss books, or even just connect women across various departments. Women who are part of these groups share a sense of belonging and connection. They also feel like they have a support group to cheer them on when advancement opportunities come.
For example, 38% of Women in tech jobs leave within 7 years, but THEY KEEP WORKING, but not in tech. They cite “culture and lack of connection” as their reason for leaving.
Second, I recommend carving out budget for outside training programs. We hear story after story of companies investing in women to get high performance leadership training and then come back and share what they’ve learned with others in the group. It can be VERY effective and helps to bring in expertise that may not exist in the organization.
Change is the one constant at work. If you’re a boss, how can you communicate company changes in a way that motivates and improves the company culture? If you’re an employee and you need a raise or a change in your work job description, how can you ask without hurting your position? Enter the four part enrollment process I created to help professionals communicate better when asking for something. In this video I share the four steps to have more positive conversations. (BONUS: this four step process also works with spouses, kids and friends, too!)
For more information about Michelle and booking her to speak go to: http://www.speakmichelle.com Subscribe to hear about new videos when they’re released.
It was an honor to be invited to Park City TV. We discussed my book The Make It Happen Blueprint, talked about motivation and success strategies and even talked about the National Speakers Association Mountain West Chapter.
As you focus on success, you can fear failure. However, failure can be a great teacher. But some fear failure to the point that they are held back from action and moving forward on what they want most. From personal experience, I missed some key opportunities because I was afraid to fail. And then the regret haunted me and halted me from moving forward in other aspects of my life and business.