Our reader poll today asks: When you put a team member in a stretch/developmental role, how much of that role should they know how to do before you give it to them? 90% or more: 2% 70%-90%: 16% 50%-70%: 51% 30%-50%: 25% 0%-30%: 5% Balancing risk and growth. Developmental roles are purely a balance between risk and growth. If you don’t take any risk on people, they can’t grow. If you take too much risk, they’ll possibly struggle and fail. Finding that sweet spot can be challenging. Most successful growth roles I see put someone in the “they know 70% of the new role” range. About 67% of you fall in that space. If they know too much about the new role, they’ll grow a bit but then that growth curve flattens out. For those of you putting people in roles where they know less than 50% of the new job, be prepared for them to fail if you don’t provide them significant amounts of coaching and support along the way. Most important of all – have a conversation with this person and clearly communicate how much of a stretch it is and ask them how you can best support them in that role. Do you agree with these poll results? Let us know in the comments below! – Mike Figliuolo at thoughtLEADERS, LLC Did you enjoy this post?  If so, I highly encourage you to take about 30 seconds to become a regular subscriber to this blog.  It’s free, fun, practical, and only a few emails a week (I promise!).  SIGN UP HERE to get the thoughtLEADERS blog conveniently delivered right to your inbox!

Our reader poll today asks: How comfortable are you with reading, understanding and executing contracts? Extremely: I understand contracts well and have no issues executing them 18% Very: I’m familiar with most contracts and am mostly comfortable executing them 36% Kind of: Contracts sometimes confuse or intimidate me, but other times I’m comfortable 28% Not very: Unless it’s a simple contract, I prefer to leave contracting to the experts 14% Not at all: I want nothing to do with contracting in any situation 4% Practicing Law without a License? Slightly over half of you are very or extremely comfortable with understanding and executing contracts. That’s a great skill to have given how prevalent they are in everyday business. If you’re in the minority who aren’t as familiar or comfortable with contracts, that’s fine too as long as you’re represented by competent counsel. In any case, it’s a good skill to have because the better you understand contracts, the more effectively you can point out any “business” issues to your attorneys (who mostly read contracts for their legal implications and not necessarily the business implications). Even if you’re not the one signing the contract, knowing what’s in there can help you identify and mitigate business risks and prevent your organization from entering a bad deal. Stop being intimidated. Read the contract. Get familiar with their structure and terminology. Your understanding of contracts will be an asset to your organization. Do you agree with these poll results? Let us know in the comments below! – Mike Figliuolo at thoughtLEADERS, LLC Did you enjoy this post?  If so, I highly encourage you to take about 30 seconds to become a regular subscriber to this blog.  It’s free, fun, practical, and only a few emails a week (I promise!).  SIGN UP HERE to get […]

Our reader poll today asks: How generous of a person would you say you are? Extremely: I give freely and often sometimes until it hurts 13% Very: I regularly give what I can to others 41% Kind of: I’ll give to people and causes I’m passionate about 35% Not very: I’ll occasionally do generous things but not often 9% Not at all: I rarely give to others unless I’m encouraged to 3% Others before self? Generosity has many benefits beyond the actual act itself. Giving can foster connections, understanding, empathy and community. The item or action given doesn’t have to be large to be meaningful. During especially challenging times, generosity can turn someone’s entire day, week or month around. Don’t give until it hurts. Hurt shouldn’t be part of the equation. But do consider giving for the sake of giving. Occasionally, others will hear of your generosity and hopefully be inspired to be generous, as well. We’re all weathering the same storm — consider how you might make someone else’s experience a bit more pleasant or bearable. Do you agree with these poll results? Let us know in the comments below! – Mike Figliuolo at thoughtLEADERS, LLC Did you enjoy this post?  If so, I highly encourage you to take about 30 seconds to become a regular subscriber to this blog.  It’s free, fun, practical, and only a few emails a week (I promise!).  SIGN UP HERE to get the thoughtLEADERS blog conveniently delivered right to your inbox!