Coffee Break with Firm Learning - Ownership Mindset

May 17, 2024

Coffee Break with Firm Learning - Ownership Mindset

Speaker: Heinrich Location: Munich

Introduction

  • Beautiful weather in Munich.
  • Had brunch with an entrepreneur friend.
  • Discussed a new employee lacking an ownership mindset.

What is an Ownership Mindset?

  • Critical for new joiners and business professionals.
  • Distinguishes average employees from outstanding ones.
  • Involves feeling completely responsible for tasks from start to finish.

Challenges for New Joiners

  • Lack of knowledge and understanding in early months/years.
  • Reliance on team leaders and colleagues to check work.
  • Develops into a mindset where employees depend on others to finalize or fix their work.

Importance of Ownership Mindset

  • Producing client-ready deliverables from the start.
  • Not relying on others to pick up the slack or fix errors.
  • Annoyance and time loss for team leads due to incomplete work handed over by new joiners.

Mindset Hack from Mackenzie

  • Ask yourself: Are you confident that your work can be sent to a board member with your name on it?
  • If not, go back and improve it until it meets that standard.

Tips for Developing an Ownership Mindset

  1. *Gather Required Information:
    • Don’t push tasks back due to lack of information.
    • Proactively reach out to colleagues, other departments, and do research.
  2. *Anticipate Needs:
    • Think ahead and include necessary but previously unspecified details (e.g., additional charts or diagrams).
    • Understand the intention behind tasks to ensure deliverables solve the actual problem.
  3. *Proactive Communication:
    • If you think additional work is needed, discuss it with your team lead beforehand.
    • Make recommendations and propose solutions proactively.*

Conclusion

  • Develop an ownership mindset to be successful in any industry or organization.
  • Ensure your work is complete, client-ready, and does not rely on others to fix or finalize.

Call to Action

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Closing

  • Many pieces of content planned for the future.
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  • Thank you for watching and have a good day!