Interview with Dirigo Advisors Founder Patrick McGinnis

Full Name & Georgetown School and Year

Patrick J. McGinnis, SFS ‘98

Professional Title & Organization

Author, The 10% Entrepreneur and Founder, Dirigo Advisors

Career

What has been the most rewarding moment of your career?

Combining all of the experiences and lessons learned from investing in fast growing companies on five continents into a book that encourages everyone to be an entrepreneur without quitting their day job. My goal was to reach a global audience and that’s been truly rewarding. The book has been translated into a bunch of languages and I’ve spoken on the topic of 10% Entrepreneurship in a diverse set of places, such as Argentina, Uganda, Saudi Arabia, Jordan, and Mongolia.

What do you wish you had done earlier in your career?

I wish I had been more open to working on side projects as a way to explore interests, learn, and generate opportunities for upside. I was heads down and all-in on finance, which didn’t work out so well during the 2008 financial crisis.

What trends do you see in your profession or industry?

Entrepreneurship is going global due to the falling cost of innovating and the now indisputable fact that talent is borderless. As a result, you don’t need to be in Silicon Valley or New York or London to succeed. You can be almost anywhere.

What is the hardest thing you have ever done professionally? 

I’m credited with coining the term FOMO while I was a student at Harvard Business School. Staying focused, even when it’s not fun or profitable to do so, never gets easier.

What is the best career advice you have ever received? 

Find something you want to be known for it, write about it, establish your authority on the topic.

Hilltop Memories

How has Georgetown shaped you?

I like to joke that I have the most SFS career I could have imagined. Without question, the intellectual foundation and language skills that I got at Georgetown are fundamental to everything I do. I all have been heavily influenced by the values of cura personalis and social justice that I discovered on the hilltop.

What was your favorite professor or class at Georgetown?

“International Political Economy” with Prof. George Shambaugh and “Problem of God” with Julia Lamm

What is your favorite Georgetown memory?

Winning a ticket to see Bill Clinton speak at Gaston Hall my freshman year. I loved that Georgetown gave tickets out so democratically. It is still the greatest speech I have ever seen in person.

Your Inspirations

Who is a source of inspiration and strength to you in your life and why?

If you pay attention, you can find inspiration all around you, even in the little things. I try to pay attention and stay grateful for the little things.

What is on your desk right now?

A Oaxacan black clay skull from a great store called Tienda MAP in Mexico City. It’s a good reminder to make the most of each day.

Who is your favorite author? 

F. Scott Fitzgerald

What is one part of your daily routine you couldn’t live without?

I hate monotony, so I rebel against routine, but no matter where I am or what I’m doing, I will always start my day with a cup of very good coffee.

Final Word

What are your words to live by?

Always make sure to have more than one string to your bow.

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Frustrated? No One Cares

Guest Post by: Carrie Arnold, GUAA Coaching Partner

Frustration is the wallpaper of life. It is the ‘go-to’ emotional word we all tend to use when we feel less than positive or neutral about something. It encompasses everything. We are frustrated with the number on the scale, heavy traffic, too many emails, how our boss communicates, that one team member who does not contribute, the kids, the dog, the laundry, the neighbors, and then we are frustrated with our frustration.

According to Merriam-Webster, frustration is a deep chronic sense or state of insecurity and dissatisfaction arising from unresolved problems or unfulfilled needs. Words like deep and chronic are pretty intense! Here lies the problem though – no one cares that we are frustrated anymore.

Frustration as our emotional buzzword has lost its impact, and it does not get a listener’s attention. Behind every frustration lies a targeted emotion that can be richly described and better heard. Are we frustrated with our kids or are we chagrined (which means embarrassed or humiliated) because all our good parenting doesn’t seem to stick? Are we frustrated with the traffic or perhaps we merely feel rushed? Are we frustrated with our boss or are we feeling thwarted (which means the feeling of someone preventing us from accomplishing a purpose)?

Behind the word ‘frustration’ is often a disappointing sorrow that some are reluctant to admit. Frustration is an acceptable label that does not make us feel vulnerable, but it is through vulnerability that we learn and grow.

If we want our words to be convincing – we have to start saying things in new ways. By shifting our language, we can get different reactions, different conversations, and maybe different results.

Try an exercise. Instead of saying the four words on the left – replace them with a deeper emotion you are feeling. Need help? Do an internet search for emotional words. There are hundreds available in your native tongue. You can do better than always using the same four words. Replace them with something more profound and notice new awareness, reactions, and results.

I am frustrated. I am too busy and overwhelmed. It is causing me to feel stress. I am ____________. I am too ___________ and _______________. It is causing me to feel _______________.

Tip: Try going all week without using the word Frustration.

Building Your Reputation. Stand Out to Get In.

Guest Post by: Jen Dalton for Brand Mirror

What is a personal brand, and why does it even matter? Put simply, your brand is your reputation. It’s the words that people think of to define you. It’s how relevant you are, and what conversations you are a part of. It’s how you stand out from others. If you don’t define your personal brand, others will define it for you, and this is why being in charge of your brand matters.

Brands create an emotional connection. When people think of Volvo, they often don’t just think car, they think safety. Apple is no longer just a fruit, but an innovative technology company. And you can’t think about Nike without thinking sports or speed. What emotional connection do people have when they think about you? There are actionable ways to control that, so let’s go over a few.

Understand Where You Are Today

First, we need to do some foundation building. To define your personal brand, we need to look at the Three D’s: Discover, Design, and Differentiate. Start with doing some self-reflection.

  • Ask yourself questions like: What do I want to do? What is the impact I want to have? What are my skills, strengths, and values? Where am I? Where am I going?
  • Think about 5 words that you think describe you, then go and ask your friends, family, even clients what their words for you would be. Compare the two, and think about how you might align them better.
  • Take a Digital Inventory. Google yourself and see what shows up. Ask a friend to search for yourself on LinkedIn by name, and then by role, and see where you show up. How hard is it for someone to find you?

It’s important to understand where others think you’re at because others’ perception of you is the reality of your personal brand.

What Do You Want People To Say About You When You Are Not in the Room?

Now, onto Design. Here we can look at some actionable steps to take towards designing your own brand. After you’ve figured out how people define you now, think about the ways you WANT people to define you. These are the words that will make up your Brand DNA. Think about how you want to show up, and start to design that brand. Be consistent. Does your work space, the way you dress, how you show up in meetings, and how you interact with others align with your Brand DNA? George Bernard Shaw said, “Life is not about finding yourself. Life is about creating yourself.” Look at your LinkedIn page – is it telling a story about your brand, or is it just a copy of your resume?

If you’re having a hard time designing your Brand DNA, make your signature storyboard. Go through your history and find pictures that mean a lot to you emotionally, where you really liked the person you were at that moment. If you’re not visual, think of words or phrases where you really deliver in a powerful way. This can make up your storyboard, and this will help you define your brand promise. A brand is, essentially, a promise, so take time to create your Leadership Promise Statement. What can people expect when they work with you? How can you present this to people in, say, networking scenarios? When you introduce yourself, what do you say? Take this Promise of Value and make sure it’s consistent online. Show evidence of it everywhere. Prove it to everyone who looks.

Own What Makes You Unique and Different

Next, you need to Differentiate yourself from everyone else. What is your position? Look back over your storyboard and your Brand DNA and figure out what you have offered in the past that nobody else could’ve done. Figure out who your audience is. What companies do you want to be a part of that inspire you? What boards do you want to be on in your community? Taylor your brand to be approachable to your audience. Who are your competitors and who do you look up to and why? Spend some time researching them, how they got where they are, what exactly they’re doing. Figure out what their brand is.

Now you can start creating value and opportunities for yourself. Think about what you should be talking about. Should it be company related? Or perhaps about your passions, or your particular set of skills? Does what you have to say matter, and will people care? Is it relevant? Are the right people seeing you? How can you get them to care AND share what you talk about? Who are the leaders and influencers writing in the same space? These are the key elements that make up your Digital Brand. You can also create opportunities for yourself offline. You can join a board or volunteer in an organization. You can interview people in your same space and blog about it. You can network with others, and look for places to share your insights. You can look for speaking opportunities and webinars.

Plan Your Work, and Work Your Plan

Remember, timing is everything. Create an editorial or visibility calendar for your brand – where to be, when to write posts and blogs. You want to stay visible. In many cases, out of sight is out of mind. Make sure that your content is easy to share and re-purpose. Write about other people, companies, and organizations. Be sure to tag them when you post your content. This creates opportunities for others to share and help make you more visible. Write about others and help them be visible. Share helpful articles. Give shout outs on Twitter, LinkedIn, Facebook, and Instagram. Write recommendations on LinkedIn for people and on Google+, and Facebook for businesses. Send thank you notes, and provide recognition. Be genuine. Don’t expect things in return. Contribute to your brand by giving to others. Above all, be authentic. Authenticity contributes greatly to your personal brand. It’s easy to tell when someone is being disingenuous, and that puts a big hit on their brand or the way we think about them. Although you may plan a lot of your communications, be spur of the moment too and share things real time.

Lastly, monitor yourself, and listen to what others are saying about you. Continue to search yourself on Google and LinkedIn. Ask people to describe your brand periodically to check up on yourself. Do your own self-reflection when you can. Keep control of your brand, the emotional connection people make to you, by monitoring yourself using the steps above. Remember, although you are not a product, you do have a reputation and people will decide to work with you and help you based on your brand.

“People may not remember exactly what you did, or what you said, but they will always remember you how made them feel.” Maya Angelou

Be a noisebreaker, not a noisemaker.

Jen

How To Handle Difficult Conversations

Guest Post by: Christine Brown-Quinn, The Female Capitalist

Do you shy away from having those conversations that are truly uncomfortable, whether that be about a pay rise, performance or a particular conflict situation? Have you ever over-practiced the conversation in your head, and in the end hesitated to actually deliver the message as the timing no longer seemed ideal?

While having difficult conversations may seem natural to others, it’s really a skill any of us can learn… and the sooner the better! Not taking action of course doesn’t resolve the issue. In fact it makes matters worse as we tend to internalise the stress, increasing our anxiety levels and decreasing our ability to successfully navigate the situation. And worse yet, that difficult issue just got bigger as we haven’t dealt with it on a timely basis.

Those conversations that we dread having are actually the ones that can change the trajectory of careers. That certainly was the case for me – my ability to embrace those tough talks defined me as a senior professional. The key is to adopt the right approach to get the outcome you’re looking for.

Here are my top tips for tough conversations:

1. Bring your best self – schedule those conversations at a time when you’re feeling the most rested, positive and calm. Also think about what might be the best timing for the person you’re going to have the conversation with. You want to have their full attention.

2. Capitalise on positivity – begin your conversation with a ‘power lead’ – think about something positive to say about the current situation. What’s working well? What are you feeling energised about?

3. Be curious about the other person –cultivate an attitude of discovery and curiosity. Have the intent to learn as much as possible from the conversation. While you do want to have the end goal in mind, remain open and flexible on how to get there.

4. Share the bigger picture – provide context and background to the issue you want to discuss. This shows respect for the other person and de-personalises the issue.

5. Build up your muscle – strengthen your abilities by doing. The more tough conversations you undertake, the easier it gets. While the issues or content of the conversation may be different, with practice your stress levels will decrease, and thus your ability to master the situation will increase.

As I built up the habit of having these tough conversations, I had much less anxiety about having the conversations, and was calmer when I did have them. Each conversation gets easier and you actually start to enjoy the possibility that these interactions can be game-changers, making our work place (as well as personal relationships) that much more fulfilling, enjoyable and fun!

 

Creating a High Performance Organization Culture

Guest Post by: Susan Levine (I’89)

There is a strong correlation between highly engaged employees and high performance organizations. Our people are our assets, our engine and our lifeblood. And no one would dispute the fact that our long term success will be driven by our ability to attract, retain, motivate and develop the best team in the industry. But not every organization has a base of highly engaged employees. So how can you take the pulse on your employees? Ask them!

There are a variety of ways that you can ask employees for their views – pulse surveys targeting a few topics the leadership team would like to understand are becoming even more popular. Whether you outsource or insource, the most important thing is to regularly engage your employees. If you do, it will be the beginning of an ongoing change in the way your company conducts its business.

First, decide what it is you want to measure and take the pulse on – firm strategy, firm culture, professional development, career path and incentives, lifestyle. Organize a team to design the questions. Senior leadership on the team in critical. Skeptics on the team are invaluable to the process and will ultimately enhance credibility and buy-in to the process.

Write questions that are simple and direct. For example, “I am engaged and motivated by [my firm’s strategy]”; or “[My firm’s] culture fosters collaboration and teamwork.” Don’t hide or ignore questions about topics you know will be potentially controversial. Your employees will appreciate your asking the tough questions. Finally, make the survey totally anonymous. If you really want to get honest feedback, you will want people to feel there will be no repercussions for the feedback they may provide.

And the most important question, by far, is the “Net Promoter Score”: “I would recommend [my firm] as a place to work to a friend or relative.” The question is asked on a 10-point scale. Promoters are those who answer a ‘9’ or a ‘10’; those with a neutral response are those who answer a ‘7’ or ‘8’; and detractors answer a ‘1’ to a ‘6’. The net promoter score is the percentage of promoters minus the percentage of detractors.

Ultimately, asking employees about organizational topics and being ready to share the results is the first step in the journey to creating a more engaged workplace. But you have to be willing to commit the appropriate amount of time to tackle important issues highlighted in the results and communicate progress to the organization.

In the next topic, I can discuss what to do with survey results and how you can develop a prioritized set of actions coming out of your high performance organization efforts.

Speaking Tips: Last Things First

Guest Post by: Dean Brenner (C’91), The Latimer Group

Have you ever led a meeting, handed out the slide deck, began discussing the topic and while still on slide 1 or 2, most of your audience has already flipped to the last slide? I’m sure you’ve seen this before… Perhaps you’ve been the one flipping to the last slide, or perhaps you were the frustrated presenter. It happens all the time.

One of the questions I get asked most frequently is, “How do I prevent people from automatically skipping to the last slide?”

I usually respond by asking, “Why do you think they go there first?”

Everyone usually says some version of, “They want to see the summary information right away.”

And then I usually say, “Then if they want to see the last slide first, why do you put all that info on the last slide? Why make them wait?”

Business storytelling is counter-intuitive. This is not like a movie or a good book. The point is not to keep your audience in suspense until the very end. The point with business communication, especially in the 21st century, is to get to the point quickly, explain to people where you are taking them, and then backtrack just enough to explain to them how you got there.

Don’t make your audience wait. It will be better for them, and they’ll pay closer attention to what you have to say.

Good luck.

Dean Brenner (C’91) is a recognized expert in persuasive communication, and is the founder and president of The Latimer Group, an executive coaching and training firm that that specializes in creating powerful communication skills. Dean and his colleagues offer coaching and training to a global client list of Fortune 500 companies. In addition, Dean has written two books on effective communication, and is currently working on his third. Dean lives in Connecticut with his family. To learn more about Dean and The Latimer Group, please visit TheLatimerGroup.com.

 

 

From Surviving to Thriving

Guest Post by: Linda Hardenstein

“I don’t know what I’m supposed to be doing, but I do know this isn’t it.”

It’s frustrating to be unsure about your career path, or to be unhappy at work. Especially when you have talent, knowledge, skills, and abilities to contribute.

“Making it Work” Doesn’t Work

Being miserable in your career causes stress and burn out. It can have a profound, negative effect on your health, your relationships, and your wellbeing.  I found that out the hard way when exhausted, overworked, and burned out, I fell down a flight of stairs on the way to a business meeting. I heard my neck crack and wondered if I’d ever walk again. The emergency room brought a stark reality into focus – I was miserable. I had no life. It was time to stop tolerating unhappiness and start living!

How did I go from just surviving to thriving in my career? Here’s 5 steps I took, and you can too:

  1. Decide. There is great power in letting go of what is no longer benefitting you. Deciding to release what’s in your way opens the door for what’s next to show up.

“Everyone has been called for some particular work and the desire for that work has been put in his or her heart.” – Rumi

  1. Find Your Purpose. Each of us is born with a distinct set of talents and gifts with a special role to play and a unique contribution to make. Knowing your purpose shows where you fit. It helps you understand where you don’t. One of the quickest and easiest ways to discover your purpose is with the unbiased guidance and support of a career coach.
  2. Align With What You Were Born to Do. You can’t help but live out your unique design. The problem arises when you’re doing what you are designed to do in a job, or a place, that doesn’t resonate with who you are. If you’re at odds with something — a boss, a co-worker, your company’s mission, work that takes away from living the life you really want, or a lack of recognition for what you contribute — you’re out of alignment with who you are. Doing work that is in alignment with who you are, brings ease, joy, a sense of meaning and accomplishment.
  3. Be Open. Giving up what you think you “should do,” or going against what a well-meaning parent or teacher told you to do, isn’t easy. For fulfillment, meaning, and motivation, let go of who you thought you should be. Be who you are.
  4. Take Action. Once you’re clear that it’s time to find the right job, synergies and opportunities will line up to support your intention to fulfill your purpose. Inspired action will lead you to the next step and the next one. Before you know it, you’ll be thriving in your job and life because you’re doing what you were born to do.

Linda Hardenstein, MPA, PCC, coaches professionals to find their purpose and authentic careers to have more meaningful lives. Contact her at linda@lindahardenstein.com.

© Linda Hardenstein, 2018