Get over it. Let it go. Move on.
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What was the best advice you ever received?
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RICHARD J WOOD
RICHARD J WOOD
Educated in Toowoomba, Richard Wood commenced his career establishing his own practice in March 1996. With an entrepreneurial spirit and vision as Managing Partner, he has developed and guided Vistage Corporate Advisory to where it is today.
Unlike traditional accountants, Richard (pictured above) does not position himself as external to his clients' businesses. Where possible, he becomes a part of the client -- knowing as much about their operations and corporate and marketing challenges as possible.
This provides a sound foundation from which to develop financial and accountancy strategies which are tailored to meet their individual requirements. Importantly, it also allows Richard to identify business opportunities for his clients on a progressive basis, and combat any commercial threats before they take effect.
Richard has extensive financing and joint venture experience. As a majority shareholder and director of a number of private companies, he is keenly aware of the need to monitor unit-based profitability and to implement sophisticated financial management systems.
A deep thinker, passionate about the potential that lies within individuals and their businesses, Richard has been instrumental in creating opportunities that have inspired success for his clients, colleagues and peers.
A proven entrepreneur now focused on working with other entrepreneurs, Richard's commercial experience and business nous has led him to develop a distinctive suite of financial management solutions and products; including Optimist. He is driven to generate positive growth and wealth for his clients by focusing on activity based financial information, shareholder value and the true story behind the finance information that is generated. He has been influential in achieving significant results for his clients and their businesses, using strategic vision, big picture analysis, consistent monitoring and mentoring systems.
Richard believes that when business owners start to fear growth it is due to uncertainty. Unlocking these uncertainties and providing a clear platform for change recreates hope and the confidence to grow. Clear vision helps clear thinking. By relating activity to financial outcomes, he has the ability to provide a whole new way of thinking about strategy to drive financial performance.
Richard is a connected and valued strategic advisor to his clients and is driven to ensure he can empower them with peace of mind, confidence to grow and banker confidence.
Qualifications & Memberships
> Bachelor of Business (Accounting)
> Bachelor of Laws (Banking & Finance)
> Member, Institute of Chartered Accountants
> Member, Institute of Management
> Member, Institute of Corporate Managers, Secretaries and Administrators
> Member, Australian Institute of Certified Practising Accountants
> Member, Institute of Company Directors
17 comments:
There are several short lists of advice that make sense -- one just has to remember (when & which) to apply same during the heat of the moment.
That's key.
Here are two such lists that I've used in presentations.
The first from Jack Welch -- when I was at GE I was so far from Corporate HQ that I would have needed three days rations and a bus ticket to get to corporate leadership -- nonetheless these are good points.
General Electric Company -- Jack Welch's Six Rules
1. Control your destiny or someone else will.
2. Face reality as it is, not as it was or you wish it were.
3. Be candid with everyone.
4. Don't manage, lead.
5. Change before you have to.
6. If you don't have a competitive advantage, don't compete.
Although I never heard these when we were office mates on the Army Staff (both much younger at the time), this list of rules is attributed to General Colin Powell:
Colin Powell's Rules
1. It ain't as bad as you think. It will look better in the morning.
2. Get mad, then get over it.
3. Avoid having your ego so close to your position that when your position falls, your ego goes with it.
4. It can be done!
5. Be careful what you choose. You may get it.
6. Don't let adverse facts stand in the way of a good decision.
7. You can't make someone else's choices. You shouldn't let someone else make yours.
8. Check small things.
9. Share credit.
10. Remain calm. Be kind.
11. Have a vision. Be demanding.
12. Don't take counsel of your fears or naysayers.
13. Perpetual optimism is a force multiplier.
I was reading a project management article on my commute in this morning -- everything in it made lots of sense, and nothing seemed new or earth shattering -- I think the value (to me) was that organised and put key thoughts together in a useful package.
Maybe that's what these rules are all about -- they don't tell us anything we don't already know -- they communicate them in a useful form that, hopefully, we'll be able to apply when appropriate to do so.
Carl
If it doesn't kill you, it will make you better!
along with my next favourite t shirt advice:
Put on your big girl panties and deal with it!
"If you don't control money, money controls you".
Read Richard Wood's blog.
I can't remember, but I bet it was prefixed with "I wonder if ..." "What if ..." or "Maybe ..."
I respond better to advice which credits me with judgement, acknowledges the possibilty of choice and gets that the right answer will depend on subleties of context.
I don't take well to advice phrased as an imperative.
Except when I'm in imminent danger of being run over, for instance.
Then I'd settle for a hard shove rather than support in creative thinking!
You shall love the Lord your God with all your heart, and with all your soul, and with all your mind; and you shall love your neighbour as yourself.
On a secular basis, two pieces of advice have influenced me significantly during my career.
The first was my boss's first rule of fundraising, "be memorable".
The ability to develop relationships so that people will return your calls out of friendship is critical to success in many fields.
The second important piece of career advice came from Richard Wood regarding the importance of scheduling my "non-billable" to accomplish one's goals.
I read dozens of books each year because I do not waste a lot of time on activities that provide little lasting benefit.
Success in business and in life is about aligning your actions with your priorities and maintaining focus.
To that end: "The main thing is to keep the main thing the main thing".
You may be interested in reading a recent blog post entitled: "Passion Equals Purpose".
Leo, Bill -- "Aw, shucks! Lil' ol' me?"
(Thanks).
If you say youre going to do something, then do it.
Excellent managers focus on opportunities rather than problems.
Pursue the right opportunities and most problems take care of themselves.
Granted there are problems that need to be solved.
But they are distractions from the main objective of capitalising on opportunities.
So choose your problems wisely and get them behind you quickly so you can focus on what you are being paid to do ¾ identify opportunities and pursue them.
I had an experience early in my adulthood that drove this concept home in a way I will never forget.
I was still at Price Waterhouse and had been married for a couple of years.
I was talking to my father-in-law.
He was working in his garden one early summer day.
As he always did, he was wearing a suit and tie.
He was a classic old-time southern gentleman and successful businessman with snow white hair.
The suit and tie had become his uniform for all occasions.
He was also one of those people who never got dirty.
While not particularly careful at the dinner table, nothing ever spilled or splattered on him ¾ sauces, gravy, soup, wine, ketchup, etc.
It was as if he was Tefloned from head to foot and that was before Teflon had been invented.
I was telling him how difficult it was to live on a budget.
He thought for awhile and then replied by saying, "Yes I know. I tried that for a while. Then I decided that I would just earn more than I spent."
That is what I have done ever since.
That is what law firms and other businesses should be doing!
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As we all know, life is full of choices.
Someone once told me, "You can do anything but you can't do everything"!
I'm the type that often wants to do everything -- which we all know is impossible.
This simple piece of advice helps keep me focused and to prioritise what is truly important.
In this vein, I really like the one above "The main thing is to keep the main thing the main thing".
"Just remember, wherever you go, there you are".
In other words, if you think change is needed in a situation, think about changing yourself first before changing everything around you.
Jeff, thank you so much.
I don't want to choke off other contributions to this theme of "The Best Advice I ever received", so I'm going to start a new post based on your specific contribution, and hope others will carry on adding here.
BTW, Jeff, does a 34-year old financial mangement consultant (me) want to be on Facebook (professionally)?
Your blogpost on that was fascinating!
My father's advice to me as a child was: "What will be will be and what is meant for you will never pass you by".
This advice carries me through my toughest challenges.
He also said that if you are going to make a change that affects others, make sure that you inform all those who are affected by the change.
When you are standing on thin ice, don't stamp your foot.
• "Follow your heart, use your mind, live your dream" -- whenever I'm off purpose, this gets me back.
• "Never tell your manager what they don't need to worry about" -- a variant is: it's better to ask forgiveness than to ask permission.
Both suggest to me to take responsibility myself.
On my first day as a fresh-faced antitrust investigator, my supervisor gave me the following wise advice:
"Always remember, there are two sides to every story ... and then there's the truth".
This rule has served me well for many years and is some of the first advice that I pass on to all my new team members.
Peter
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