Speaker: Matthew Bellows – YesWare (@mbellows)
Growth Pressure
YesWare investors are looking for TTD growth (triple-triple-double):
- 3x revenue growth year 1
- 3x revenue growth year 2
- 2x revenue growth year 3
Gaps in Life
All experiences have gaps. Life is a string of moments strung together with gaps. At the speed at which we’re moving, we can’t see the gaps. Learning to recognize the gap and appreciate it is a critical management skill.
Two types of thinking:
- System 1: Fast thinking
- System 2: Slow thinking
The gap that Buddhists talk about is the gap between System 1 and System 2 thinking. If you ignore the gap, you apply System 1 thinking to System 2 problems, which is bad.
When you react badly as a manager, you create emotional baggage that continues past the moment with your employees.
When the actions of managers match their words, you get higher profit:
- 2.5% of profit for each .125 point improvement on a scale matching how much managers do what they say they do
To avoid reacting badly and experiencing these costs, we need a plan.
The Plan
To find the gap, you need to create more time:
- Perception of time varies
- As an exercise, sit quietly for 30 seconds
You can change your experience of time by practicing.
Headspace is an app for mindfulness. 5-10 minute guided daily meditation. YesWare pays employees to use Headspace after the 30 day trial.
How To Spot the Gap
The three poisons–the three root neurosis:
- Passion: the desire to cling to something
- Aggression: Counterattack. Anything threatening is attacked pre-emptively
- Ignorance: Procrastination, not caring
When you notice these emotions arising, that’s when you look for the gap
Practice 5-10 minutes a day, so when conflicts arise, you can recognize the gap and change the situation.
Others Doing It
- Intel – 100,000 employees doing mindfulness
Aetna discovered better health outcomes for people doing mindfulness.
Respond, Don’t React
- A reaction is an immediate gut action
- A response is a considered thoughtful action
How do you meditate when you’re under huge time pressure?
- You don’t have to go slowly, just pay attention to the speed. Pay attention to the moments, regardless of how fast they are coming.
- Take time to consciously breathe. It helps you reconnect with your body when things are moving fast.
The Art of Power – Book on business and mindfulness
“If you can’t laugh at yourself, you’re going to miss a lot of jokes.” – Matthew’s son
YesWare
- Every employee has access to an executive coach, access to a gym, access to the Headspace mindfulness program
- They don’t track specific usage on any one thing. Overall, about 30-40% of employees take advantage of all the programs they offer
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