Conscious Capitalism and Building A Cohesive Team

We’re very much a conscious capitalism company. We very much focus not just about only profits which a lot is just like capitalism company do. Conscious capitalism, it’s more about also caring about how we’re impacting society. What are we doing for our partners, the developers we work with, our affiliates that we work with, our investors, our employees, all that. We look at it in a big way like that, a bigger one and so very much about kind of a purpose driven organization. We’re about helping – we set a mission for 2020 back in 2013. By the end of 2020 we want to help over 50,000 people create real wealth and we also want to raise over a million dollars for Habitat for Humanity, Operation Smile and a youth opportunity center. There’s also Mentors International that is so really important to us like bringing the team together where everyone’s cohesive and working towards this big vision, that’s what’s been amazing for us as far as a company or profitability, that’s how we got Inc. 5000 three years in a row and all that. I feel like my big role is that it’s constantly working on the business, looking at the big picture, how we’re getting along, what’s working, what’s not working, how can we be better, what are our big three goals for the year, what are our big three goals for the quarter, doing a lot of that type of work.

Listen to full espisode: https://lifebridgecapital.com/2019/09/ws324-conscious-capitalism-and-building-a-cohesive-team-with-rich-fettke/

I learned a lot of lessons when I was a young man at 23 years old, I opened up a health club franchise, a World Gym back in Boston and built that up with surprising a 23 employees almost the same as we have today and just to learn from the bumps and bruises of failing and screwing up and having people upset and everything. I started to learn how to build a culture of happy people that are, we have the strong culture and when you have a strong culture, it’s like, I think you can trust everyone to do the right thing. You don’t have to be looking over their shoulder, telling them what to do, you can really say, you don’t have a job, you have responsibilities like these are your big goals. I think it came from that, running that health club way back when and then when I moved to California, I became a certified coach so then for 15 years, I worked as a coach in companies and working with executives on how to be more effective. A really a real coactive coaching model where it’s asking and drawing out from the clients that are saying, this is what you need to do. I think using those coaching skills and asking powerful questions of our team and our leaders, I think that’s really helped us.

We have our core values, it’s like, accountability, transparency, integrity, we have these five core values so in that interview process, kind of say like well, how do you feel about integrity, tell me about a time in one of your old jobs when your integrity might have been challenged but you came through and it worked, and then they tell you the story. Do you like to learn; do you like to grow? If they say yeah, I love to do that which most people will, say, tell me, in the last year, what have you done to improve yourself and to grow? You can kind of read that and then see if there’s like – they can’t think of anything; you have a sense they might not be into mastery or growth or anything like that. I think that’s a key.

Listen to full espisode: https://lifebridgecapital.com/2019/09/ws324-conscious-capitalism-and-building-a-cohesive-team-with-rich-fettke/