"Imagination is more important than knowledge." - Albert Einstein
88% of the Fortune 500 firms that existed in 1955 are gone - bankrupt, merged, or fallen from the top 500. Major brands – Blockbuster, Toys r Us, Tower Records, Kodak -- litter the corporate graveyard because they failed to change before it was too late. The clear message here: Don’t rest on your laurels! Disrupt or be disrupted.
It’s a leader’s job to set, communicate, and drive the vision for their company and team. While managers are executing on projects and overseeing daily activities, leaders need to be imagining the future - anticipating opportunities, monitoring trends, identifying risks and then helping their team to pivot as needed. This is easier said than done. Change is hard and the truth is that most people don’t like it. In fast moving startups, pivots can feel like chaos. In large corporate environments, change can feel frustratingly slow, like turning the titanic. Regardless, the most successful leaders don’t shy away from the hard work of change. They face it, figure it out, and then serve as the beacon for their teams to follow. They create a culture of trust, where change is seen as a necessary evolution. The best rally team members to be so committed to the vision, that folks are able to openly disagree and then fully commit, even when the changes are controversial.
Since the launch of the HaneyBiz platform, my team and I have had to make pivots as we work to “Help Entrepreneurs be Entrepreneurs.” As the leader, Chief Dreaming Officer, and the most experienced entrepreneur in the building, it’s my job to paint the picture of the future. I don't ask others to drink the Kool-Aid. I invite them to help make it. We are all working to create and then communicate, communicate, communicate so that everyone knows where we are going and why. It’s not always easy, but, we are definitely making progress! Learn more about what we are working on here. Have your own story about how your company tackled change? I’d love to hear it! Send me a message on LinkedIn.
-- Mark Haney, The entrepreneur next door
Hornet Commons Project Underway
Ground will be broken this Tuesday, June 4th at 10 a.m. for Hornet Commons, a Sacramento State student apartment complex on the southeast side of the campus. Construction is expected to be completed before the fall semester of 2021. The $164 million housing project for upper-division students will boast 284 apartments and 1,100 beds in six four-story buildings surrounding a swimming pool and a residents’ common building which will contain a cafe, fitness center, and community room.