Episode 269: Acquiring An Entrepreneurial Business Acumen, Part 3 of 4

How would you rate yourself in these four emotional intelligence areas: social awareness, social skills, self-awareness, and self-management? Jim Conn said he lacked two of the four skills. The consequences have been significant for him, as you will hear. An honest assessment provides an opening for Jim to have some new insights into himself during our conversation about business acumen and situations that test his emotional intelligence.

 “Self-inquiry helps us recover from habits while reflection helps us recover from thoughtlessness,” writes Deepak Chopra, M.D. (Total Meditation, 2020). Jim reflects on what was underneath his self-proclaimed cockiness and identified what caused him to mess up and burn a bridge in a significant relationship. I felt it was one of those tender moments in the conversation when I would have given Jim a hug.

You will learn the meaning of a helpful acronym to investigating your feelings, R.U.L.E.R. We start this conversation where we left off; Jim Conn was forging a comeback over ten years joining Mark Johnson at Rice Lake Weighing Systems, Inc. in Rice Lake, WI.

  • As Vice President of Sales and Distribution, Jim helped build the business from an $8M business to $40M in annual sales with 300 employees and eight salespeople.
  • Jim was the company pilot. In 1985, Jim raised over $500,000 to fly both polls in 11 days with a fellow pilot out of Nigeria. The PolarFlite from the North Pole to the South Pole earned them 16-certified world records.
  • While Jim generated the money, Anita raised their three children: Laurie, Brian, and Jackie. The strain of imbalance takes its toll on the family.
  • Tension grew after the PolarFlite trip with Mark to the breaking point. What broke Jim’s spirit?

After Jim resigns, he works with a Venture Capital firm and with partners buys into BW Integrated Systems, an industry leader in the design and manufacture of end-of-line packaging equipment and robotic automation solutions and the execution of integrated packaging systems. The attributes Jim says for its success boiled down to people, products, and performance.

Jim’s longtime friend and mentor, Dick Harper, a clinical psychologist, comes into his life again. They work together to implement an open-book management system that attributed to a more empowered workforce. Jim explains how they educated employees on how money was generated in the company and how they used a rating system to reinforce their cultural values. While Jim was there, the revenues went from $7M to $13M with 60 employees. Things did not end well at the end of those five years. Jim forges ahead with his optimism and resiliency. DOWNLOAD

 

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Episode Resources

Conscious Attentive Leadership Mentoring

After listening, do the following three C.A.L.M. Activities:

  1. Take this risk or do this adventurous task: Self-Inquiry and Reflection. Identify a self-defeating behavior or habit. Ask yourself, “why am I doing this?” Upon reflection, realize what is going on. As you become aware of your self-defeating behavior or where you have been thoughtless, you will move into a naturally thoughtful place.
  2. Apply Self-Compassion: After finishing the adventurous task above, observe your level of clarity. Acknowledge appreciation for your efforts and the return of thoughtfulness.
  3. Welcome Appreciation: “I appreciate the tender moments of awareness during our conversation. I appreciate Jim’s concentration and emotional presence as he answered each question reflecting on his behavior and decisions. I appreciate Jim’s dedication to each company’s employees and his desire to teach them more about business and life. I appreciate his desire to continue being curious to learn more about himself and understand his life journey.”

     Your Turn. Start with “I appreciate…”

“Emotional sickness is avoiding reality at any cost. Emotional health is facing reality at any cost.” – M. SCOTT PECK.

Equip yourself with facts, feelings, and a mentor as you reinvent (or evolve) yourself as you redesign your business. When WeMentor… your life gets better!!! Mentoring WORKS.

Podcast Guest Mentor

1994 Polar Flite

With a respectful sales personality inherited from his father, Jim Conn began his professional business career in 1973 as a salesman for Wood & Conn Corp. Educated as a Mechanical Engineer by the University of Minnesota, Jim arrived on the business scene with abounding enthusiasm – but little business sense. Over the next 40 years, Jim encountered numerous reverses in business that often took him to his knees – but never broke his spirit. Jim estimates that he has directly hired over 300 individuals during his career. Jim had a knack for identifying gifted youngsters who had the talent to succeed in the most technical businesses he either owned or managed. His most tremendous pride and accomplishment was not just hiring talented individuals. Still, the hundreds if not thousands of years of lifetime employment created for all of those individuals at all of those businesses. Jim also used his private plane to pilot trips that brought him around the world.

In the photo:  Jim and Anita with Laurie, Jackie, Brian, Clair, and Monica Conn, 1977.

VOLUNTEER “ASSIGNMENTS” (and KAXN, 6,500 Flying Hours: Commercial/Instrument)

    • 2010 – Present: SCORE Volunteer Sponsored by the SBA – free confidential consulting of small businesses in the west-central region.
    • 2018 – 2020: Chief Fund-raiser & Business Manager for $1.5M Veterans Memorial Park in Alexandria, MN
    • 2018 – 2019: Veterans Airlift Command – fly veterans to medical appointments in the Upper Midwest
    • 2019 – Present: LifeLine Pilots – fly individuals to medical appointments in the Upper Midwest
    • 2019 – Present: Ida Lake Association Director
    • 2021 – Present: Angel Flight Central – fly individuals to medical appointments in the Upper Midwest
    • 2021 – Present: Airport Support Network (ASN) for Alexandria Airport
    • Flies 1978 Cardinal Classic N1375C 100+ hours/year
    • AOPA Hat in the Ring Donor
    • Vikingland Flying Club Supporting Member

Episode 269: Acquiring An Entrepreneurial Business Acumen, Part 3 of 4

Nancy A. Meyer, M.A.
Author: Nancy A. Meyer, M.A.

Nancy A. Meyer, M.A., is a seasoned entrepreneurial leader, business and life mentor/coach/teacher, podcaster, author, and certified mindfulness yoga and meditation integrator (she integrates those skill sets into everything). Nancy’s compassionate and collaborative approach reinforces resilience while maintaining accountable conversations supporting how you redefine your lead while redesigning your business. Nancy calls this “Dual Innovation Leadership.”   Nancy founded WeMentor, inc. in 1992 to change the leadership in our country by providing emerging and existing business owners with mentoring in Dual Innovation Leadership. She has mentored thousands and is eager to work with you! Assert self-leadership and get started today! Clients say, “Nancy is a compelling, engaging, and ‘decipher the trees from the forest’ kind of mentor, speaker, and leader. A dedicated entrepreneurial leader and mentor who role models what she preaches. Her style and candor enrich the content she delivers and the results clients experience.” Nancy accepts people where they are while inspiring them to breakthrough into new dimensions:  As an Entrepreneurial Leader (Innovator),  As a Competent Business Owner (Practitioner)  As a Mentor (Role Model)  As a Spiritual Being and Self-Leadership Master! Start by subscribing to WeMentor Mondays with Nancy PODCAST. Join your peers and...

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