UHNW Blog

 
  • The 5 P’s on the Journey from Success to Significance

      I am not a huge fan of shortcuts to explain complicated topics since it often results in individuals or families missing key distinctions, exceptions to the rules, and potential risks. Nevertheless, our brains like to learn by this methodology so as an intro to this topic, I will describe a process that most of us have already used in our lives on this journey. I call this the 5 P’s on the Journey from Success to Significance.   1) Presentiment Through our thoughts, feelings, surrounding events, our relationships, present circumstances, or inner spirit, we discover an aspiration of something we need or want to do in the future. This usually becomes the motivating force that moves us forward on our journey.   2) Planning Through strategic and tactical planning, we begin laying out the vision and mission of the journey. Then we begin a more in-depth discovery process of the various options, tools, and resources required for us to complete our journey.   3) Productivity Every journey begins with a single step forward. Action is required for us to fulfill our journey. By utilizing our unique abilities, our networks, our finances, and leveraging other resources, the time frame of this journey may be shortened or lengthened. Of course, we need to monitor the outcomes being created since our activities or market conditions may be moving us closer or further away from our dreams on a daily basis.   4) Profitability As we focus our energies on success, we typically measure the results by things such as money, net worth, market share, position, return on investment, or effective use of our time (in regard to time, think of Mother Teresa, Nelson Mandela, Gandhi). We all want to achieve some form of success since it enables us to experience our dreams and fulfill our Bucket List.   5) Purpose   At some point on our journey, it is important to realize that we are human beings and not human doings. Also, money, fame, power, and things are short term elixirs on the journey. If life was really about these things, and we work so hard to achieve them, then we should be able to bring them with us after we die. This is an impossible feat. Therefore, a better approach is to be a good steward of the blessing in our lives. By discovering our true purpose in life, we will find fulfillment and leave a sustainable and positive legacy for ourselves and our family.   On this journey from success to significance, George Kinder suggests we ask three important questions:   a) If money and time were no obstacle, what would you want to do, have, and experience in your life? (Create your Bucket List of what you would like to accomplish here on Earth on a holistic basis)   b) If you went to your Doctor and discovered that you had a rare disease which allowed you only three years to live, however the disease would allow you to […]

     
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  • Family Values and Business Values Should Align

    In their 1995 book, The Nordstrom Way: Inside America’s No. 1 Consumer Service Company, Robert Spector and Patrick McCarthy state that Nordstrom employees go beyond the call of duty to service customers every day. However, what you may not know is that the business value is also part of the Nordstrom’s family values. Co-Chairman Bruce Nordstrom says,   “If that confidence in the individual is repeated over and over and over again, it creates power. Nordstrom’s supreme advantage over its competition is that it has been and will continue to be  controlled and operated by the Nordstrom family. Family control brings an institutional memory, a consistent message and stability for long term planning.” Craig Aronoff, Ph.D and John Ward, Ph.D state in Family Business Values: How to Assure a Legacy of Continuity and Success, “values tend to endure over time. When shared among owners, decision makers, and employees in business, they have great power in shaping the business’s performance and results.” Some of the advantages to the business, as described by Craig and John, of aligning business values with family values are:   1. Laying the bedrock for corporate culture – corporate culture is the build up of beliefs and values that drive the business and the day-to-day assumptions and behaviours that reflect those values. 2. Providing a template for decision-making – business decision makers view all questions through a framework of values, whether consciously or not. 3. Inspiring top performance – values are powerful motivators of people. Bottom line objectives typically fall short in building a vision for the future. 4. Supporting a patient, long term view – a vision longer than quarterly profits can strengthen the owners’ resolve as the markets fluctuate. 5. Reducing the cost of capital – shareholders that are willing to stick together are more likely to support appropriate risk taking, to sacrifice short term liquidity for long term business goals, and to refrain from withdrawing capital from the business for personal needs. 6. Improving strategic planning – Core values can help business leaders avoid being bogged down in past successes and lift their eyes to the horizon for strategic decision making. 7. Lending meaning to work – shared values, particularly when they focus on people-centered principles such as respect or education and development, afford employees a sense of purpose that keeps them on track in even the most mundane jobs.   Our mission is to make a difference by helping family businesses avoid the shirtsleeves to shirtsleeves statistics. By using a proprietary values based process, families can now nourish, grow, and pass on their true wealth with a higher degree of certainty on their journey from success to significance.   We take the idea of a Family Office one step further by providing holistic benefits such as: health and parenting resources, values and legacy tools from leading global experts, fun family activities, online collaboration, secure backup services for important documents and precious memories, and a comprehensive Financial and Business Toolkit.

     
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  • Managing your Family’s True Wealth

    Your Family’s True Wealth is all-inclusive. If we were building your Family’s actual “Life Net Worth”, your assets would include the aggregate of the following for each family member:   1) Personal Capacities: What do you think, feel, and do wth your life and time? What are you doing about your health? 2) Relational Capacities: Who are the most important relationships in your life? What are you doing to nourish them? Who is in your World – family, friends, colleagues, professionals, community, church, country, etc. 3) Material and Lifestyle Capacities: What do you have in your life? Do you match your cash flow to your values? What are you attracting into your life and does it help you fulfill your life purpose? Are you living the life of your dreams? Are you being true to yourself or are you building assets for the sake of having the assets or to impress people you do not really care about? 4) Experiential Capacity: What are your core values? What meanings have you attached to your life experiences? What are you passionate about? Do you have a Bucket List of the most important things you want to experience while you are alive? 5) Spiritual Capacity: Are you a human being trying to develop your notion of a spiritual life OR are you a spiritual being living a values based human life? Are you a steward of God’s Will? Do you believe in a cause greater than yourself for the benefit of others?   Marian Wright Edelman says, “Service is the rent we pay for living. It is the very purpose of life, and not something you do in your spare time.” Richard Leider, in his book, “The Power of Purpose,” describes the following advice that Cancer Therapists Carl and Stephanie Simonton tell their patients,   “You must stop and reassess your priorities and values. You must be willing to be yourself, not what people want you to be because you think that is the only way you can get love. You can no longer be dishonest. You are now at a point where, if you truly live, you have to be who you are.” This is something all of us should remember each day since one day will truly be our last. Leave your World a better place rather than leaving it with regrets.

     
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  • Third Faculty of the Brain Discovered

    Phoenix AZ, October 8, 2010: Evidence of a third faculty of the brain, the conative faculty, was announced today at a conference for business, education, and government leaders from nine countries and 35 states, hosted by Kolbe Corp.     The conative faculty of the brain triggers purposeful action (conation).   Enzo Calamo of Vancouver, British Columbia, who attended the conference as a Kolbe Certified Consultant, will provide local business leaders, professionals, and educators with innovative methods of assessing and managing this part of the brain.   Kathy Kolbe, internationally renowned conation theorist, and Arizona State University professor Pierre Balthazard, an acknowledged expert in the brain activity of leaders, released preliminary results of a study of conation in the brains of community leaders.   The study was supported by research partners including the Arizona Science Center, Banner Health, the EDGE Innovation Network, and Valley Leadership.   Initial findings regarding the conative faculty, which triggers purposeful action in the brain, include:   • Conation is a separate, intrinsic faculty of the brain that is different from, but equal in power to, the cognitive and affective faculties.   • The brain works far more efficiently when it has the freedom to perform a task according to its natural conative patterns of action—the person’s unique modus operandi, or M.O.   • Separate and distinct patterns of brain activity exist for each of the four conative Action Modes® as described in previous work by Ms. Kolbe.   • Human beings have an equal amount of power across the Action Modes.   Conation was found operating in all areas of the 117 subjects’ brains.   Kathy Kolbe has been assessing behaviors related to conation for 30 years with a wide variety of subjects from around the globe. She developed protocols for the Kolbe/ASU study based on data sets from 500,000 people who completed the Kolbe A™ Index, a widely used assessment instrument.   “This supports my theory that conation is the one human factor that gives us equality as well as our unique character,” Kolbe said. “You can manage your response to a situation, but your M.O. is made up of strengths that are hard-wired Action Modes in your brain.”   Calamo, CEO of Lugen Family Office Inc. is a pioneer in the local use of the Kolbe A(TM) Index, which assesses conative strengths. Through www.igraciousliving.com, which leading global experts have described as “the smart phone of Family and Business Legacy Planning,” members have access to using Kolbe Wisdom(TM) to improve personal productivity and building more effective teams.   Balthazard, whose work is funded by the Defense Advanced Research Projects Agency (DARPA), analyzed the subjects using qEEG brain signal processing techniques.   Balthazard said, “Each conative Action Mode identified by Kolbe proved to be a distinct and different function with neural correlates that produced connectivity signatures in the brain that are distinct from known patterns of cognition and affect.”   “Previous brain research looked primarily at things that weren’t working well. Researchers studied disabilities and brain injuries,” noted Dr. […]

     
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