Article

Welcome to the We Economy: 3 Positive Business Conversations to Have Today

Topic: LeadershipBy Dr. Joey FaucettePublished Recently added

Legacy signals

Legacy popularity: 1,147 legacy views

To succeed in today’s economic environment, check your ego at the door and embrace a new way of doing business that is about more than what you can control and manipulate. That’s your ego talking.

The Ego Economy is dead.

Welcome to the We Economy.

This rising tide of the We Economy can lift all of our companies on thrilling waves of positive profits or capsize and drown us in red ink. We choose.

How do you navigate the change and positively succeed at work?

Here are three positive business conversation transformations to have today that say “good bye” to the Ego Economy and “hello” to the We Economy so you will positively profit.

“I did it” becomes “We did it.”
In the Ego Economy, you could afford to get by on what you alone could do. The We Economy requires the creation of partner relationships with your employees, customers/clients, vendors/suppliers and more to generate a profit built on what “We” can do.

How?

Ask your employees, “How would you build a better business?” They are on the front-line of interaction daily. Listen deeply and tap their wisdom. Act to implement.

Ask your customers/clients, “What can we do better?” They bring you their hard-ea
ed money in exchange for your services and products. Listen deeply for themes and respond immediately.

Ask your vendors/suppliers, “What are some best practices you see out there?” Take notes about the one that makes sense for your business and ask your employees what they think and how they would implement it.

In the We Economy, we succeed as we create partner relationships with everyone who touches the business. We do it, not I.

“I already know that” becomes “Please show me how.”
In the Ego Economy, you stayed on top of the change-of-information trickle with little effort. “I already know that” was a reflection of the predictable growth of knowledge.

In today’s We Economy, the info flow is more like a fire hose than a trickle. You as a business owner or leader simply can’t drink from it alone. “Please show me how” replaces “I already know that” to generate more profits. Be teachable.

Your business is your tuition ticket to matriculate in Biz U. You hire people smarter than you in certain areas and learn from them. You cultivate an “always on the learn” environment in which results are shared, graded, and evaluated for next time and do-over’s.

Keep saying, “Please show me how” until it rolls with delight because you’re about to learn something that makes your company more profitable.

“I pulled myself up by my own bootstraps” becomes “We wear loafers.”
In the Ego Economy, we all wore boots and bragged about pulling ourselves up by our own bootstraps. As self-made men and women, we created it all.

In the We Economy, we wear loafers. In a boot-wearing market, loafers are innovative—more comfortable, easier to pull on and off, with no socks. In the We Economy, you’re comfortable in responding to the changing demands of your partners and learning as you go. You’re pulled onto and off of teams according to project needs, not siloed departments. And who needs socks?

Relating with all who interact with your business and creating new learning generates creative innovation which takes your company to greater profits and higher margins. In an economy of boot-wearing, ego-driven, know-it-all’s, innovators who are loafer-sporting, team-focused, and learning-as-you-do-it have more to say about success than anyone.

Avoid talking about “I” because the Ego Economy is dead.

Instead, start a positive work conversation about “us.”

Welcome to the “We” Economy.

(Wear your loafers.)

Article author

About the Author

Dr. Joey Faucette is the #1 Amazon best-selling author of Work Positive in a Negative World (Entrepreneur Press), coach, and speaker who helps professionals discover success in the silver lining of their business and achieve their dreams. Discover more at www.ListentoLife.org/speaking.

Further reading

Further Reading

4 total

Article

One summer while I was on vacation from college I became a tin man: selling aluminum siding and roofing door to door in the Boston area. The business has a bad reputation but our siding and our roofs were the finest available. Our prices were high but fair. In spite of what consumers always want to believe, you can’t get the best without paying for it.

Related piece

Article

A Small Change Can Make a BIG Difference All the talk about the economic climate at present, both in the UK and around the world, is of doom and gloom. It even appears to be heading towards some degree of that dreaded ‘R’ word, recession. My immediate response is ...

Related piece

Article

How would you like to be in business with no stress or strain? Today there are many authors and lecturers talking about the power of the mind. Spirituality, meditation, and visualization are now en vogue. As an entrepreneur and adviser to growing companies speaking and writing about an ...

Related piece

Article

Okay, so enough already. We hear from managers all the time about how they “multi-task” to be more effective. It may be time to really review this myth. Multi-tasking came from the home, where multiple projects can happen simultaneously. A good example might be that the laundry is ...

Related piece