Wealthing(R) is a comprehensive system to create wealth by shifting the following paradigms:
We win by competing >>> we win by collaborating
I win you lose >>> nobody has to lose for me to win
We leverage on our strengths >>> we leverage on our passion
We learn from our successes >>> we learn from our actions
We make money >>> we make meaning
Life is about being >>> life is about becoming
We get a job >>> we create jobs
We get >>> we create wealth
The system is based on the following four steps:
First step: reinventing success.
The traditional view of management focuses on winning by competing. It assumes we cannot create wealth so we might as well take a larger piece of the action. In this sense, every single input to a process results in an output and that is the end of the story. We need more inputs to produce more outputs. It is a linear view.
The good side is that many productivity programs improve the process, so we produce more with less. Later, our analysis evolved from a single unit – the company, the project, the entrepreneur- to an industry: Porter’s five forces. All based on competitive advantages. Even countries. It was good, but it is not enough.
It all started with the resources mindset: we need to share a pie. Entrepreneurs think differently: we need to create a larger pie, or a new pie. So next time toss away the thought of competition, and substitute it for collaboration.
After all, you need to provide value not only for shareholders, but for clients, employees, suppliers, community, government, and many other stakeholders – think ozone layer too.
Second step: collectivizing individualism.
We made competition personal, and began to compete with others; we wanted to be better than them. Then came special programs, no child left behind, types of intelligence, and we mixed dignity and self esteem with success. And we forgot the basis for our personal growth: we need to be better than ourselves, not be better than anybody else.
We lost our locus on control when we started believing other’s praises. If we are our success, who are we when we fail? You see, failure and success are not opposites, they are outcomes of action. The opposite of failure and success is inaction. When we take action we learn, what works or doesn’t. Success doesn’t define us, learning does. And our learning is different for you, me, Joe, Maria, Abraham, Verena.. You get it.
To make the most of collaboration we need to leverage on a magical component of human life: our passion. We will always find ways to spend time learning and exploring whatever we are passionate about, and luckily we are not all passionate about the same things.
If you spend your adult life leveraging on the skills someone found you had when you were a teen, what time will you spend on developing skills based on your passion? (Hint: Make the switch today, you are not getting younger).
When you are passionate about something, you thrive, you are inspiring and sooner than later you will be awesome. Reclaim your passion and work with others who are equally passionate about what they do. Not only will each individual thrive, their contribution will be synergistic.
Third step: transcend time.
Without purpose, success fades. We all know that you can fake success, but you can’t fake purpose. Just because there are many patterns of start-end, the days, the lives, the seasons, we tend to constrain our thinking to a limit.
There is no limit. We are not solo. We are made of cosmic stuff, the iron that runs in your veins was part of a planet, and that thing that you leave out daily if you are healthy is food for plants. Your thoughts are made of previous thoughts and your legacy transcends your life. We find inspiration in many people we have never met. And many pivotal decisions are affected by others.
Others are not solo either. You are needed in the world, not just any you, your best you. And sometimes your worst you. Don’t look for validation, nobody like you can turn you into your best product. Life ends in a graduation party, and along the way, you keep leaving imprints.
This balance makes competition irrelevant. It is not who you are, it is who you are becoming, and you can’t be the best or the worst, because life is not a dot.
Fourth step: measure results.
Up until now, the steps seemed wishy-washy, and last step is where it all ties together with our goals. Without a goal, there is no process. If you don’t know where you are going, your actions have no meaning.
The hardest measure of the wealthing® system is on the number of real jobs created. If you focus on making money, you will fend for yourself, good and fast, but limiting. You are stuck with your biggest constraint: the use of your time. Successful corporations create wealth for their clients and for their employees as well as for their shareholders. You do it for a group, you are part of the group, and are rewarded for thinking wisely and taking actions, but others participate.
The last magical word is growth. Each result is a milestone. The wealthing ® system considers where do you want to grow and builds upon that. It does not consider the past because the past does not dictate your future; your present does and that is exactly where we come in.