Industry Magazine CRM Watch Summer 2019 | Page 23

NOT SEEING BEYOND YOUR VISION. The tough road of entrepreneurship demands total belief in the enterprise. It's an invigorating state with a natural dopamine high. Unfortunately, this state can blind entrepreneurs to the need to get buy-in from diverse constituencies. In these cases, entrepreneurs might not have fully stepped into their conversation partners' worlds and aren't focusing on shared success and are instead creating an unbridgeable gap. These entrepreneurs need to shift from talking about themselves and their solutions to co-creating. This involves plenty of homework identifying what the people in the loop want from the enterprise. For example, a business plan presented to venture capitalists should document how revenue has already been generated or the high probability that it will be, since a VC's primary objective is to make money. SHUTTING DOWN OUT OF FEAR. Being afraid is a realistic response to uncertainty. When fear dominates, the primitive brain takes over, releasing cortisol and catecholamines, a hormone that's released during emotional or physical stress. These chemicals shut down the brain's prefrontal cortex, or executive functions, which allow for sophisticated strategies. Instead of responding intelligently and creatively to investors, banks, or customers, entrepreneurs could freeze, coming across as dumb, defensive, or unstable for partnership. The solution is to acknowledge the fear. That frees entrepreneurs to change the channel. Instead of protecting themselves they can pay attention to what is going on in others and manifest empathy. The people they're speaking with will feel that positive neural connection and cooperate. Researchers in Italy, led by Giacomo Rizzolatti, found that human beings are wired with mirror neurons which pick up everything going on in others' brains. When we approach people with empathy, the mirror neurons in their brains synch with our own, and they feel understood and open to our influence. NOT HEARING WHAT WAS REALLY SAID. Throughout civilization, effective salespeople, healers, and change agents repeated what others had said to verify it. Intuitively, they knew what neuroscientists have recently confirmed: Human beings listen inefficiently, cherry-picking what they want to hear, and embedding only that in their memory bank. Therefore, it is likely that entrepreneurs heard encouraging words from investors who were actually saying they were not interested. It is absolutely necessary to gracefully confirm what others are saying. For example, throughout the conversation, ask discovery questions such as, "Where are you in all this?" or "How do you feel about the pace of innovation?" 23 Judith E. Glaser Judith E. Glaser was an Organizational Anthropologist. She was one of the most pioneering and innovative change agents, consultants and executive coaches, in the consulting and coaching industry and was the world’s leading authority on Conversational Intelligence®, WE-centric Leadership, and Neuro-Innovation, and was a best-selling author of 7 business books including her newest bestseller - Conversational Intelligence: How Great Leaders Build Trust and Get Extraordinary Results. Through the application of ‘the neuroscience of we’ to business challenges, Judith showed CEOs and their teams how to elevate levels of engagement, collaboration, and innovation to positively impact the bottom line. Judith passed away on November 18th, 2018 after a long battle with cancer. creatingwe.com