My Letter to Me

Brad Paisley and Jack Nicklaus are two of my favorite performers.  Brad’s music always makes me smile and puts a lump in my throat at the same time.  Jack’s perfection, class, and work ethic on the golf course has always been an inspiration for me off the course.  Jack and Brad also have something else in common – they both wrote a letter to themselves.  Jack did it recently as part of a USGA retrospective.  Brad recorded the song “Letter to Me” in 2007.

As you wonder where I have been the past couple of months, you now know the answer – I followed the lead of two guys I admire.  I have been busy writing a letter to me.  I thought I would share it with you…

“Dear Mike (this will now answer everyone’s burning question – “Do you go by “Mike” or “Michael”?  My “stock” answer is always, “Whatever comes out of your mouth naturally.  My Mom called me “Mike” and Mary calls me “Michael”.  But, since I can only pick one name to address the letter to…),

How are you?  I am fine.  (Notice that I did not use that infernal crutch, “I hope you are well.”  Of course, I also know that I was well back then).

I’ve been thinking a lot about you lately.

Mom is gone.  Don’t let her faith and optimism fool you.  She is very sick and she will be gone sooner than you expect.  When you think you still have time to get to Florida and visit her, you don’t.  Go as soon as you can.  And, when you do, take advantage of the opportunity to get as close to God as someone on this earth is able and ask her what she “sees” and what she “hears”.

Dad is gone, too.  Be prepared.  It is not pretty and you need to be ready to make decisions that no one should have to make.  I know that he frustrates you and competes with you and never quite seems to appreciate all you have done and how you have done it.  You will come to recognize that the obscenely high standards he holds you to are the same standards you will hold yourself to in the future.  And, believe it or not, you will end up writing a blog and many of your posts will stem from life lessons you are learning from Dad right now.

The son you will “inherit”, Keaton, is a husband to Laura, a wonderful woman, and a father of two, Penelope and Henry.  He becomes a soft-spoken man of integrity.  You will have to tolerate the fact that you will be a father to him long before he realizes that you were a father to him.  But, on Father’s Day 2017, when you open that hand-made card…Well, let’s just say, it will all be worthwhile.

You will feel a tinge of frustration that the age difference between you and Mary (oh, man, wait until I tell you about Mary!) prevents you from having the big family you grew up with and dreamed of having yourself.  Then, you will meet the son you will create.  You will realize in an instant that God knows what He is doing and Matthew will absorb and radiate all the love you have to give.  Pay close attention to the moment you first play Bruce for him on that Saturday morning on the way to the car wash.  It will be the start of a bond that lasts a lifetime.

You are a grandfather.  You never knew your grandfathers – one died before you were born and the other died when you were little.  Unfortunately, as great as your Dad was, nobody bats 1.000 and he took a couple of “called third strikes” in the grandfather department.  Yet, all that means is that you will be filled with the accumulated capacity for love from all of them and it will become the single greatest joy in your life.  I know you are reserved and “buttoned down”, even at your young age.  I love that about you.  You will be pleased to know that you will crawl on the floor, build Lego forts, sing Disney songs, jump up like you’re sitting on a spring when you hear the words, “Nonno!  Nonno!, and rock quietly for lengths of time just holding them.  In short, you get to witness miracles.

When you decide in 9^th grade at 6’2” to commit to basketball because you are destined to be 6’5” and a shoe-in for D-I, listen to Dad when he tries to teach you about genetics and tells you to stick with baseball.  Better yet, listen to me now – just take up golf.

Don’t be in such a hurry.  Your business career turns out great.  You are always so focused on the next challenge, the next opportunity, the bigger hurdle, that you do not cherish the journey as much as you should.

Enjoy your time with Dr. Lentz in Economics 101.  It will frame your entire business career – All things in life can be boiled down to Supply and Demand.

Be grateful for your relationship with Hildie as your Dean of Student Life when you are a Resident Advisor.  She is not corny.  The “unconditional love” and “warm fuzzies” she espouses you will find are sometimes great business tools.

Appreciate Tom McCarthy, Hal Schwalm, John Edmonds, Russ Sands, Dick Riley, and John Pasquesi as business leaders and mentors who will have an enormous impact on your career.  They will teach you skills (to this day you will refer to “debits and credits” as “good guys and bad guys” thanks to Tom) that you will take with you for the rest of your career.  More importantly, they will recognize something special in you and they will nurture it when lesser leaders would seek to snuff it out.  You won’t know it at the time, but it will shape how you manage people – They will want to work for you because they know you are working for them.

I know I am writing to you as a child, teenager, and young adult, but this knowing the future stuff is pretty powerful and I think I should also be giving you some advice related to a more recent time.  In 2016, when the faux outrage twitter mob gets you in their crosshairs, don’t underestimate the power of the cumulative impact of your character and all the people who will defend you.  And, whatever you do, NEVER, EVER apologize for something you are not sorry for.  Believe me, they do not want an apology.  They just want a scalp.

While I’ve got you, here are a couple of other things that you should know that will save you a lot of pain and suffering…

Don’t just look over your right shoulder when backing out of Rich Covey’s driveway at 16.  The telephone pole that rips off the car mirror is over your left shoulder.

Don’t try to beat the yellow light making the left turn onto City Ave in Philadelphia when you are 22.  You were too busy canoodling (this is a PG blog) with Judy to see the oncoming car also trying to beat the light.  Your “legendary Z car” (1984 baby blue metallic 300ZX – “IT IS AWESOME”) will be totaled.  You and Judy walk away, though.  And, you get some good sympathy… never mind, you can find that one out for yourself.

Speaking of girls, you won’t realize this until you become a Dad.  But, when you think Mom and Dad aren’t paying attention to what you and Lauren are doing in the basement (“just watch basic cable and chill”), they are.  And, just like Mary and I do now, they will talk about it when they go to bed.

You are going to have your heart broken several times.  You like to be loved and you have a high capacity to love.  There will lots of tears and lots of loneliness.  And, then, one day in December 1989, early in your new job at CIGNA Special Risk, you will get on a phone call with your colleague in San Francisco.  Her name will be Mary.  I think I will let Dr. Seuss explain what will happen to you next…

Well, in Whoville (Philly) they say – that Michael’s small heart grew three sizes that day. And then – the true meaning of love came through, and Michael found the strength of ten Michael’s, plus two!

Looking back as I write this letter to you, I can see that all the good that happens to you in your life can be traced back to that singular moment and that singular person.

I want to thank you for all that you have done for me (although, please stay away from the concrete basketball courts.  I could do without the hip replacements at age 40).  You have given me a wonderful life and I am grateful.  I will keep looking in my mailbox in hopes of getting a letter from future me, myself.  I can’t wait to see what happens next…

Better yet, don’t send it.  This time, I want to enjoy the journey.

Love, Michael (you really didn’t think I would let you off the hook that easily, did you?)

 

Michael C. Marcon is the founder of M3K Holdings, an Operating Partner of Altamont Capital Partners, Chairman of The Marcon Foundation, and the former founder, Chairman and CEO of Equity Risk Partners.

Blameless

I came of age in the 1980’s – graduated high school in 1982, graduated college in 1986, and business school in 1989.  The music of the 1980’s remained the soundtrack of my adult life.  My car has two SiriusXM stations programmed into the radio – if you are a regular reader, you already know the first one.  Yes, it is E Street Radio.  The second is 80’s on 8.  It is amazing that, to this day, a song from that period will bring back a specifically powerful memory.  The songs and the memories mix with my life experiences to form insights and perspectives that I use to shape my current decisions, actions, and, to a certain extent, values.

Such was the case the other day as I was doing a standard San Francisco Bay Area commute – 2 hours to go 40 miles (of course, the wonderful commute is only one of a myriad of reasons we “pay extra” to live here!).  Here is what played from 80’s on 8 that piqued my interest as I sat staring at the “Coexist” bumper sticker in front of me…

“You can look at the menu, but you just can’t eat
You can feel the cushion, but you can’t have a seat
You can dip your foot in the pool, but you can’t have a swim
You can feel the punishment, but you can’t commit the sin…

No one, No one, No one ever is to blame”

If there is one issue that has created more frustration for me as an executive than any other, it is most people’s unwillingness to accept responsibility for their actions.  I believe it is one of the single biggest indicators of long-term business success and long-term personal success.

From the moment we are born, we are learning from our mistakes.  That is how we learn.  I do not have enough space to write about all the very hard lessons I have learned over the years – including very recently.  Each one of them has made me better than I was prior to the mistake.  Now, at the time it occurred, I did not see the lesson and did not appreciate that the mistake would, eventually, make me better.  Nobody is that self-aware (at least nobody whose last name isn’t “Christ”).  But, with time, I was able to look back and appreciate that every single business and personal mistake I have made has taught me a valuable lesson.

“You can build a mansion, but you just can’t live in it
You’re the fastest runner but you’re not allowed to win
Some break the rules, and let you cut the cost
The insecurity is the thing that won’t get lost…

No one, No one, No one ever is to blame”

The growing tendency among younger professionals (and younger parents, for that matter) is to avoid blame and to protect themselves (or their children) from negative experiences.  I have posted before that, when something goes wrong, people are divided into two camps – those who look in the mirror first for resolution; and those who look out the window first.  I will take someone whose first reaction is to look in the mirror and accept their share of the responsibility any day of the week.  There is a great scene in the movie The Blues Brothers between Joliet Jake (John Belushi) and Mystery Woman (Carrie Fisher) that sums this issue up better than I can…

Woman: You, miserable slug! Think you can talk your way out of this? You betrayed me.
Joliet Jake: No, I didn’t. Honest! I ran out of gas… I had a flat tire… I didn’t have enough money for cab fare… My tux didn’t come back from the cleaners… An old friend came in from out of town… Someone stole my car… There was an earthquake… A terrible flood… Locusts…                       It wasn’t my fault. I swear to God!

If that doesn’t summarize the majority of business interactions I have had with a colleague when something went wrong, I don’t know what does.  What we should be teaching our young professionals – and our young children – is to embrace mistakes; to take chances; to try and fail… and fail… and fail.  There is a reason why my father (and your father and your father…) always said in reply to some injustice we just endured or same epic failure we just experienced, “It builds character.”  That’s because IT DOES!

“You can see the summit, but you can’t reach it
It’s the last piece of the puzzle but you just can’t make it fit
Doctor says you’re cured but you still feel the pain
Aspirations in the clouds but your hopes go down the drain…

No one, No one, No one ever is to blame.”

Yes. You are.

(Thanks to Howard Jones for writing and performing such a great song)

 

Michael C. Marcon is the founder of M3K Holdings, an Operating Partner of Altamont Capital Partners, Chairman of The Marcon Foundation, and the former founder, Chairman and CEO of Equity Risk Partners.

Follow the Yellow Brick Road

One of the greatest pieces of business and personal advice ever did not come from Jim Collins, Jack Welch, Steve Jobs, Warren Buffet, Tony Robbins, or any other management / life guru.  The greatest piece of business and personal advice ever came from Prince Denis.  That’s right, Prince Denis.  You don’t know him?  Of course, you do. You know him by his “aka” – He was the Mayor of Munchinland in The Wizard of Oz.  His tremendous piece of business and personal advice?

Follow the Yellow Brick Road

How do I chart a course for my business that is unique?  Follow the Yellow Brick Road.

How do I achieve personal fulfillment?  Follow the Yellow Brick Road.

The Wizard of Oz is very insightful in terms of the advice and guidance it gives us for our personal and professional journey.

The Road is easy! Until it’s not!  “Weeeeeeeeee’re off to see the wizard. The wonderful Wizard of Oz. We hear he is a whiz of a wiz; If ever a wiz there was; If ever, oh ever a wiz there was; The Wizard of Oz is one because; Because, because, because, because, because; Because of the wonderful things he does…”

When Dorothy and Toto start out on their journey, the road before them is smooth sailing for as far as they can see.  If the road did not look smooth at the beginning, who would ever start a journey?  (Of course, I am speaking of metaphorical journeys – i.e. life and business.  Every actual journey these days (traffic, TSA, airline seats, “comfort pets”) is the polar opposite of a Yellow Brick Road).

The key to success in life and business is not the start of the journey – it is the perseverance through all the twists and turns and obstacles you encounter along the way.  The advice from the Mayor was to “Follow the Yellow Brick Road”.  You will note that he never said it would be easy.  It just looked that way!

“Poppies! Poppies will make them sleep!”  In our journey toward business and personal fulfillment, we will always encounter our “Wicked Witch of the West” (mine is actually a “competitor” from the east).  They will constantly try to throw you off course. They will try every trick in the book.  When you Follow the Yellow Brick Road, you are doing something that most people will not / do not want to do.  Notice how everybody in Munchinland knew how to get to Oz?  But, none of them were willing to follow their own advice.  Similarly, in life, those of you that choose to Follow the Yellow Brick Road will encounter the witches that want to see you fail, if only to avoid highlighting their own fears and inadequacies.

“You killed her”  Everyone remembers the lines/scene right before this one – “I’m melting! I’m melting!”  But, for me, the real insight is that the guard was stunned that water was the antidote to the Wicked Witch.  It was almost a head slap of “Why didn’t we think of that?”  The key to business and life is to recognize that, more often than not, the solution to your problem is usually the simple one (water) and you don’t need to overcomplicate it.  And, of course, once you conquer your Wicked Witch, the Ruby Slippers are yours!

“But, I have the ruby slippers!”  “Well, why didn’t you say so in the first place?”  I think this scene is hysterical.  The vast majority of people you will encounter in business and in life are OK with the status quo.  They are not interested / willing to Follow the Yellow Brick Road.  So, in order to achieve your dreams, you cannot rely on others to recognize your special qualities.  You have to keep knocking on the door! They will not let you in the first time…or the second… or the third.  Then, you have to show them / tell them why you are special!  It is the single most finessed aspect of achieving business and personal success – recognizing you are special and showing others you are special WITHOUT acting like you are special.  Master that and you won’t “be in Kansas” for very long.

“There’s No Place Like Home”  Why did Dorothy Follow the Yellow Brick Road in the first place?  Why did she seek to find the Wizard?  To Get Back Home!  It is the beginning and the ending.  It is the impetus and the goal.  It is the ultimate secret. Everything you seek on your journey in business and life is sitting right at your starting point.  But, without the journey, you just can’t appreciate it.

“I’ve traveled here and everywhere following my job
I’ve seen the paintings from the air brushed by the hand of God
The mountains and the canyons reach from sea to shining sea
But I can’t wait to get back home to the ones He made for me
Cause anywhere I’ll ever go and everywhere I’ve been
Nothing takes my breath away like my front porch looking in”
– Lonestar

 

Michael C. Marcon is the founder of M3K Holdings, an Operating Partner of Altamont Capital Partners, Chairman of The Marcon Foundation, and the former founder, Chairman and CEO of Equity Risk Partners.

It’s A Wonderful Life

I have been screwed by a lot of people over my 32 years in business.  I have always been amazed by the capacity of the human mind to rationalize bad behavior in order to justify a decision that is beneficial to the person doing the rationalizing.  (How’s that for the opening lines of a Christmas themed blog post?)

Throughout my career, I have tried to do the right thing.  I have tried to take the high road.  I have tried to live by the golden rule (no, not “he who has the gold makes the rules”; the other one) – treat people the way you would like to be treated.  I have tried to picture myself “on the other side of desk” and act accordingly.  I have not even remotely come close to achieving this standard consistently.  But, I have tried.  As the immortal Coach Eric Taylor said, “Character, it’s in the trying.”

A few years ago, I was bemoaning to a close friend about the circumstances of me being screwed by a particularly unscrupulous person that I had been in business with.  He had lied to my face, stabbed me in the back, and then came back down the chimney and stole my last piece of roast beast!  (Oh, sorry, that last part was The Grinch)  I said to my friend, “When does doing the right thing pay off?  When does taking the high road generate a dividend?  When do I get my “George Bailey Moment”?  You know, that moment when trying to do the right thing all the time results in an unexpected positive outcome?”  My friend said, “Well, don’t you think that time you fell off of your roof and walked away without a scratch was your “George Bailey Moment?”  I replied “Yeah, I guess you’re right.  I just thought it would be more… cinematic.”

As we watch It’s A Wonderful Life this Christmas, the movie has a number of great lessons for business and life.  Here are a few that stand out to me:

Ask Dad. He Knows.  Those are the words on the ad sign hanging in Gower’s Drug Store that inspire George to seek his Dad’s advice when he knows Mr. Gower accidentally put poison in the capsules.  None of us have all the answers.  We aren’t supposed to have all the answers.  The key is having the guts to ask for help.  Dad, Mom, Mentor, Friend, Teacher, Colleague – Ask Them. They Know.

Hire People Capable of Taking Your Job. Many executives pay lip service to “hiring the best and the brightest”.  Most executives are too insecure to do that because they fear they will get passed by.  True leaders are comfortable in their own skin and with their own abilities and recognize building the best team shines as much of a halo on them as it does on the performers.  Had George hired the best and the brightest at the Building & Loan, he might have avoided his plunge from the bridge.

We Will All Have a Mr. Potter in Our Life.  There are always people who do not play by the rules and appear to have benefitted from their transgressions.  I believe one of the most important characteristics to have is the ability to maintain your values and your standards when everyone around you is lowering theirs and, apparently, benefitting as a result.  When you see it happen in life ask yourself one question – Would Mr. Martini “busta” the juke box for that guy?  If not, then keep doing what you are doing.

Believe in Guardian Angels.  I think the best part of the George/Clarence dynamic is not when Clarence saves George.  It is when Clarence tells George, “Oh, I’ve been watching you since you were a little boy.”  You never know when the curveball will come.  You won’t see the sucker punch.  But, your Guardian Angel is watching and he will step in when you least expect it.  Live your life and handle your business as if he is always watching.

Celebrate the Joy of Life, Family, Friends, and Work.  There are two scenes in IAWL that choke me up every time.  One is when George “comes back to life” and runs through Bedford Falls shouting “Merry Christmas!”  He hugs Burt the cop (Friend).  He cheers when he sees the “Welcome to Bedford Falls” sign (Life).  He yells “Merry Christmas, you wonderful old Building and Loan!” as he runs past Bailey Brothers (Work).  And, he runs home, past the reporters and the sheriff, up the stairs to hug his kids (Family).  Success is not a “Chinese menu”.  You can’t just pick one.  True success is the ability to celebrate all of the aspects of your life.  I hope it doesn’t take a Christmas Eve dive into an icy river to learn that lesson.

Let Yourself Be Embraced.  The other scene that chokes me up is when Harry toasts, “To my big brother, George, the richest man in town!”  That scene, that moment, is literally the mental picture I use when I am making a tough decision.  It is the culmination of every basic, decent, loving, generous, faithful, selfless act that George Bailey ever made.  That is what generates true success in business and in life.

As you watch It’s A Wonderful Life this year, I hope that some of these lessons and thoughts help you and your family achieve a greater level of peace and a true definition of success.  Who knows?  Maybe someday when you hear a bell ring, you’ll wink and say “Atta boy, Michael”.

Wait, wait.  Don’t leave, yet.  I forgot the single, most-important, unequivocally universal lesson from IAWL that will truly bring you riches and rewards beyond your wildest dreams…

Find Your Mary.

 

Michael C. Marcon is the founder of M3K Holdings, an Operating Partner of Altamont Capital Partners, Chairman of The Marcon Foundation, and the former founder, Chairman and CEO of Equity Risk Partners.

 

 

 

 

Blinded By The Light

“Mama always told me not to look into the sights of the sun.
Oh, but Mama. That’s where the fun is”
– Blinded By The Light

Once upon a time, in a business model long, long, ago (can I say that now that I have been “unemployed” for more than a year?), I had a very talented employee.  He was smart.  He was presentable.  He was ambitious.  And, he wanted to be a producer.  Why?  Not because he had an affinity for sales.  Not because he had the “never say die” attitude required to hear “No” a lot more often than you hear “Yes”.  He wanted to be a producer because “producer’s make all of the money” – i.e. “Oh, but Michael. That’s where the fun is.”  My answer to this young buck was akin to the famous “Miracle Max” line from The Princess Bride – “It just so happens that your friend here is only mostly dead. There’s a big difference between mostly dead and all dead.”  I told him, “You’re wrong.  Producers do not make all of the money.  Good producers make all of the money!”

As we discussed the situation, I told him that I would, indeed, allow him to become a producer if he could provide the answer to one simple question – “What is the airspeed of an unladen swallow?” (Millennials, google it)  Seriously, I asked him, “Once you have sold our services to your family and friends – who will, by the nature of the “family and friend rule”, buy whatever you are selling, be it steak knives, used cars, or insurance – what unique and differentiated skill do you posses that will incite a total stranger to buy from you rather than the 50 other people also trying to get his business?”  At that moment, I appreciated the origin of the phrase, “a deer in the headlights.”  That young buck is now a full grown “20 pointer” and doing a great job… as a client service executive.

“Well, I unsnapped his skull cap, between his ears I saw a gap and figured he’d be all right.”
– Blinded By The Light

The issue that I see increasingly in business and in life is professionals who want more.  In principle, there is nothing wrong with wanting more.  The issue is “Why?”   Unfortunately, it appears that the driving force behind most of these desires is “just because” – because I want more; because I need more; because I see others with more.  There is a great scene in the movie Wall Street: Money Never Sleeps (very underrated) when the idealistic Jacob Moore (Shia Labouf) questions the evil banker, Bretton James (Josh Brolin) – “See, I find everybody has a “number” and it is usually an exact number. So, what is yours?” “More”

Early in my tenure at Equity Risk Partners, I wanted more.  I wanted to be on the cover of Business Insurance, our leading industry publication.  And, why not?  Clearly, I was destined to be part of the industry Mt. Rushmore – Pat Ryan, Bob Clements, Hank Greenberg, and Michael Marcon.  So, imagine my frustration one day when I opened my issue of Business Insurance and saw on the cover a competitor of ours that was getting press by (in my opinion or IMHO for my Twitter followers) taking a shortcut.  I called my investor and partner, John Pasquesi.  I asked him to be honest with me.  I asked him, if we wanted to, could we take the same shortcut and could I get my picture on the cover of Business Insurance?  “Yes”, he replied.  “100%”.  I thought for a moment, calmed down, and said, “OK.  As long as you know it and I know it, I am OK.”  I look back on that now as a defining moment for me.  I stayed the course building the business that was my passion, as opposed to chasing “more”.

As I embark on a new strategy – with a new partner – I have been tempted “look into the sights of the sun”.  I see the “easy way”.  I can access the shortcuts.  I could do it in my sleep.  All I have to do is answer one question.  It is the same question that Mary asked me 27 years ago on our first date – “What is it that you want, Michael?”

“Well, I jumped up, turned around, spit in the air, fell on the ground
Asked him which was the way back home
He said, “Take a right at the light, keep goin’ straight until night,
and then, boy, you’re on your own”
– Blinded By The Light

 

Michael C. Marcon is the founder of M3K Holdings, an Operating Partner of Altamont Capital Partners, Chairman of The Marcon Foundation, and the former founder, Chairman and CEO of Equity Risk Partners.

Who Says You Can’t Go Home?

“Who says you can’t go home?
There’s only one place they call me one of their own
Just a hometown boy born a rolling stone
Who says you can’t go home?
Who says you can’t go back?
I been all around the world and as a matter of fact
There’s only one place left I wanna go
Who says you can’t go home?” – Bon Jovi

Home… That is an interesting word.  How do you define it?  I can hear my Dad’s voice in my head right now – in his very deliberate, “e-nun-ci-ate e-ver-y syl-a-ble” style of asking a question – “How… do… you… define…home?”  Business “home” or personal home?  For business, is home CIGNA (my first job out of school)?  Aon (the first job where I found my passion)?  Equity Risk (the job that defined me)?  For personal, is home the South side of Chicago (where I was born)?  The south suburbs of Chicago or Ridgewood, NJ (where I was raised)?  San Ramon or Alamo, CA (where Mary and I created our family)?  Door County, WI (where I go to recharge my soul)?

Needless to say, the answer to that question is a very personal one and each individual will define it differently.  The key, though, to business and personal success is to actually define it.  However you define it for yourself, you need a baseline – a frame of reference – a true north – that allows you to create balance, foundation, and a road map for future success.

For me, when people ask me about home, I always answer as follows – “I was born in Chicago.  I am from California.  I am home in Door County, WI.”  Door County is home.  It is where I feel most closely aligned with who I am.  It is where I find inspiration, beauty, simplicity, and decency.  It is where the basics matter.  It is not a place to “fly over”, it is a place to FLY TO – where neighbors, community, and faith remain a bond that unites us rather than some outdated notion from a bygone era.

In business, I look at the question in a similar way – “My career was born at CIGNA. My career flourished at Aon. My true vocation and passion were discovered at Equity Risk Partners.”  Equity Risk is home.  It proved that with hard work, great people, and luck, you could build a business from scratch and succeed.  It proved that a relentless focus on clients and an unwavering devotion to being the best in a given specialty can overcome significant disadvantages in size.

One of the greatest business books ever written is In Search of Excellence, by Tom Peters and Bob Waterman.  Of all the great analysis in the book, the best item is actually the first item – Stick To Your Knitting.  Do what you do best.  Focus on your strengths.  If this is not the single best piece of advice for business and personal success, then I do not know what is.  Another way Peters and Waterman could have said it is – Go Home.

Next week, it will be one year since I departed Equity Risk.  It has been an amazing 12 months.  I met many new people who have impressed me with their accomplishments, ideas, and creativity.  I analyzed several businesses that impressed me with their unique approaches, passion for success, and differentiated offerings.  I recharged my ambition and work ethic by associating with those in the midst of discharging theirs.  And, I rediscovered my youthful exuberance by crawling on the floor, swinging on the swings, climbing up the slide, and reading on the rocking chair with the single best reason for still wanting to make myself a better person at 54 years old – Penelope.

I will be “heading home” in the next few weeks.  I look forward to sharing it with you soon.

“It doesn’t matter where you are
It doesn’t matter where you go
If it’s a million miles away or just a mile up the road
Take it in
Take it with you when you go
Who says you can’t go home?”

 

Michael C. Marcon is the founder of M3K Holdings, Chairman of The Marcon Foundation, and the former founder, Chairman and CEO of Equity Risk Partners.

Oh, Ye of Little Faith

There is a great punchline from an old commercial that I repeat to Mary every time she cooks dinner as part of a little husband / wife humor.  Of course, as is the case with most of our husband / wife humor, only the husband finds it humorous.  The wife just finds it annoying.  Thank God, she married me for my looks.

In the commercial, a woman is planning Thanksgiving dinner with the new “self-basting” turkey.  One of the “old guard” is incredulous that the turkey does not require basting and keeps stating, “It’s gonna be DRY!”  Of course, the turkey comes out juicy and delicious.  So, every time Mary starts to cook whatever entree she is planning for dinner, I comment, “It’s gonna be DRY!” and then I just laugh.  I know, I guess you have to be there (or not).

The point of the commercial is that you need to have faith.  Small things can have a great impact.  You just have to believe that it is possible.

Frequent readers of this blog know my affinity for the poem, Footprints. It is the fundamental basis of what I believe. Following a close second to Footprints, The Starfish Story frames the fundamental premise of how I try to lead my business and personal life:

One day, an old man was walking along a beach that was littered with thousands of starfish that had been washed ashore by the high tide. As he walked, he came upon a young boy who was eagerly throwing the starfish back into the ocean, one by one. Puzzled, the man looked at the boy and asked what he was doing. Without looking up from his task, the boy simply replied, “I’m saving these starfish”.
The old man chuckled, “Son, there are thousands of starfish and only one of you. What difference can you possibly make?” The boy picked up a starfish, gently tossed it into the water and turned to the man,
“I just made a difference to that one!”

Ultimately, success in business is not found through grand plans and earthshaking discoveries.  It is found through small, seemingly insignificant, consistent focus on fundamentals.  Every time you put a client first is a starfish.  Every time you hire for values first and aptitude second is a starfish.  Every time you avoid taking a shortcut is a starfish.  Every time you stick to your principles is a starfish.

A few years ago, a dozen or so baseball sportswriters were asked what player they would choose if they were starting a team from scratch.  The majority of the sportswriters did not pick a mammoth home run giant or a blazing strikeout pitcher.  They picked Derek Jeter, the hall of fame to be shortstop of the New York Yankees.  They all cited a version of the same rationale – Derek Jeter mastered the fundamentals and did all of the “little things” that do not show up in the box score but coaches know are necessary to win games.  Running out fly balls is a starfish.  Turning double plays is a starfish.  Sacrifice bunts and moving runners over is a starfish.  Hitting the cutoff man is a starfish.

In life, it is not about what blessings we are given.  We have no control over that.  Rather, it is about what we do with the blessings we are given that determines the impact we make on others and our world.  Saying a prayer for strangers is a starfish.  Letting that obnoxious driver merge in front of you is a starfish (especially if it is me!).  Overtipping the breakfast waitress is a starfish.  Giving someone the benefit of the doubt is a starfish.  Handing out candy instead of “healthy snacks” at Halloween is a starfish.  Looking at the person in front of you instead of the screen in your hand is a starfish.  And, of course, giving a hand to those who need one is the best starfish of all.

Several years ago, my Mom was relegated to driving a motorized scooter while she recovered from a serious operation and was unable to walk.  As she was scooting around the grocery store, she came across a little girl who was crying because she had become separated from her mother.  My Mom told the little girl to “Hop on!” and proceeded to drive the girl all around the store until she relocated her with her frantic and grateful mother.  How do I know about this story?  It was told to us by that little girl’s mother, who contacted our family after she read my Mom’s obituary and recognized her from the picture.

“I just made a difference to that one!”

 

Michael C. Marcon is the founder of M3K Holdings, Chairman of The Marcon Foundation, and the former founder, Chairman and CEO of Equity Risk Partners.