Business and life - "things are not always as they seem!"

Find the list of all Will's blog posts at the bottom of this page.

Posts about...
- Climate change (3)
- Coaching (10)
- General business (1)
- NI business (9)
- Personal attitudes (13)
- Politics (2)
- Selling (4)
Tuesday, 19 July 2011
Everyman’s Open Champion
Friday, 8 July 2011
News of the World
Wednesday, 28 July 2010
BP and Obama – playing the demonisation game
Saturday, 23 January 2010
Guilty brothers - A Tale of Two Pities
Saturday, 9 January 2010
Eric's story - Child abuse in rural Ireland; 1955
Sunday, 20 December 2009
To Atheists, Christians and Don't Knows at Christmas - From meek and mild Old Will
Sunday, 13 December 2009
Budgets, Banks, Blame, Barbarians - Reflection for 2010
Society's rampant blame culture infects us all. We just love to find a target for blame - provided that we ourselves are not in the crosshairs of the gunsight.
Reactions to the worldwide financial crash show that in general, individuals don't readily accept any personal responsibility. It seems we all prefer denial. The faults were nothing to do with you or me.
Well I for one am heartily sick of this shallow, self-serving, simplistic, scapegoating blame-game.
Misdirected unfair blame for the fundamental cause of the meltdown; whether from the rantings of red-top media lightweights, or politicians, or cab-drivers, or bar room bores.
The heavyweight "I told you so!" commentators like Robert Peston, David McWilliams and Vincent Browne, while providing insightful opinion on the unfolding drama, have also been guilty of focussing undue blame in the wrong quarters.
Since the problems emerged, without fixing on the real culprits, these whingers have blasted away at a wide and ever-changing set of lesser targets. They started with hedge funds, short-sellers, Northern Rock, currency speculators, fat cats, Sir Fred Goodwin, Lehman Bros, Bear Stearns, property developers, tax exiles etc.
Now after a year of this guff, their mixed stew of opprobrium has settled and coalesced into almost universal condemnation of "evil bankers". So, now we know - or do we?
Bankers are a tempting target, - and the banks have to shoulder their own responsibilities - but that they are the original cause of the mess is a complete misrepresentation of the true facts. Their actions were symptomatic, not causal.
The current negative portrayal of banking executives and employees is totally unfair to the thousands of good hard-working people who labour on in trying to provide an essential banking service to their customers. This, despite having to endure misplaced, insensitive, sometimes vicious, criticisms of them and their profession.
At worst, the crime of the banks is analogous to the barman who pours another drink for a drunk, or the server who sells a triple king-size hamburger to a morbidly obese person.
Bad judgement, yes; but it is clearly the personal responsibility of the customer as to whether or not the liquor and the burger is consumed and paid for.
In this whole sorry tale of financial mayhem, banking was merely a conduit and a tacit instrument of government; albeit in many instances a very badly managed, weakly regulated instrument.
Nonetheless, the banks operated competitively, and generally quite legally, within the overall economic ecosystem created by national and international government fiscal trading frameworks.
The undoubted disarray, inequities and abuses in parts of the worldwide banking system are certainly clear symptomatic effects of the catastrophe, but the root cause and original blame belongs to populist vote-chasing democratic governments - and their voters!
Cheap politicians buying your cheap vote in return for cheap money.
At the express impetus of the national political will of virtually every western democratic government, the banks conveyed vast amounts of uncollateralised credit to the spendthrift electorate.
In return, we as voters duly and gratefully put the Congressmen, MPs, TDs et al into their privileged positions of power. They loved it! And we loved it. Every last one of us. Vive la décadence!
We personally voted for cheap money - and got it. Basics weren't good enough any more.
Everybody turned up at the trash-filled consumerist trough for the intoxicating feast.
Today you have the inevitable hangover, as government budgets land the true bill on your mat with a thud.
So who is ultimately to blame? Michael Jackson said it. "The man in the mirror".
Take a look in the mirror. Stop blaming other people. Get over it. Move forward into 2010 - and the rest of your life.
Acknowledging, learning from and dumping your mistakes of the past and moving on will help your career and enhance your attitude to work performance. You'll also be happier.
And to make things even better, look for opportunities to help the hurting people who are much less fortunate than yourself. You have a responsibility there too.
When the Roman emperors needed to pacify the mobs, they offered spectacular games and massive entertainments, funded by their far-off plunder.
And the suckers bought it until the Barbarians were at the gate. Hail Caesar!
Sound familiar?
Wednesday, 9 December 2009
"Mental reservations" and the latest tiger collapse. The blindness of selfish arrogance
Sure, an attitude of positivity and self-belief is a good thing. Indeed it is essential in order to succeed to any degree in any dimension of today's competitive world.
But there can be a fine line between its uplifting benign aspect and a destructive arrogance that precedes the fall of hubristic tigers, bishops or developers.
We all had a good run in the heady days of the Celtic tiger yet none of us are world-class golfers or zillionaire bankers or princes of the Church. But beware!
The reality is that the blinding effects of selfish arrogance can also apply to ordinary folks like you and me. With consequences that are never good.
My wife Swmbo - that's not her real name, it's just short for "she who must be obeyed" - looks after my own frequent trips to the naughty corner. For example, when I fail the dishwasher test.
There's a rule in our house (guess who made it up) that if you innocently open the dishwasher to put a cup or plate in - doing your bit to help in the house even though you are a pioneering hunter gatherer, Phg for short (she pronounces it pig) and it has just finished its cycle, you have to immediately empty it and put everything away neatly!
Another useful assist to my humility came to mind earlier this week when I was about to give a speech on selling to a group of business owners and I was being introduced to the audience in glowing terms.
As the hyperbole continued and my head was swelling with pride, it just flashed into my mind how my sweet Swmbo would interpret the introduction. Her comments are in brackets.
"Will McKee is one of Ireland's leading entrepreneurs (he can't even boil an egg) with a distinguished persona (if I didn't watch what he wears, he'd look like Forrest Gump) and lifetime reputation of support to all his colleagues (what about the dishwasher?). His easy unhurried approach (you must be joking!) comes from ......etc......etc....... (more home truths) ......etc.......etc." You get the picture.
Despite any short-term advantage that accrues through our own flights into selfish arrogance, its inevitable longer-term effect has serious consequences for our personal lives through damage to our careers, businesses and relationships.
Sometimes it goes to the extreme of a crack on the head with a golf club. He had a wife to remind him that worldwide fame is not a licence for infidelity.
Or a summons to the Vatican to be fired. He had no wife to remind him that a "mental reservation" is just a lie.
Tuesday, 1 December 2009
Courage and personal resilience - Failure is an incident, not an identity
On top of all the European property investment it is estimated that up to 10,000 Irish people are exposed, badly exposed, to the Dubai debacle and not all of these are "rash entrepreneurs".
Whatever our occupation, the core underpinning of effective response to current problems must be courage and personal resilience. Do not let an incident or incidents of failure swamp you.
This true story of an incident from some years ago when John and I were struggling to raise capital to save a business illustrates the point.
We were on the 16th floor of some of the most expensive real-estate in London, sitting in an oak-paneled boardroom at a massive table under crystal chandeliers.
The public school, Harvard-educated venture capitalist, whom I will call Henry, pried and probed in a very condescending intimidating way, but still John answered courteously and
capably to every question – except what proved to be the last.
“I recognise that your company has a strong IP position and the financial prospects look good. So good that we feel comfortable in considering an investment. But you failed to complete your last deal, so I have to ask myself ‘Why I should invest in failures like you people?’.”
John jumped to his feet, threw the pencil he was holding at Henry and, with passion, told him that, yes, we had failed with that deal, yes, we had failed at many things and yes, we would fail at many things in the future, but he was not going to sit there and let us be called failures.
We didn’t get the investment.
On the way down in the mirrored elevator, I assured John that I agreed with every word he had uttered and that he should never allow anyone to call him a failure, but: “Son, you shouldn’t have thrown the pencil at Henry”.
John looked me in the eye and spat out: “Will, I wish it had been a brick!”.
We failed to get Henry’s money, but we roared with laughter – and we were certainly not failures.
Failure is an incident, not an identity. Whatever your current personal stresses; remember that - and press on.
Sunday, 29 November 2009
The Sultan of Bling - why Dubai matters to you
In the language of the economists the world is now emerging from a U-shaped recession. Green shoots, world stock markets roaring ahead, everybody feeling better. Spend our way out of recession.
Well, hold up. Over the weekend proof has emerged that all is not rosy in Dubai, the small city-state which is the greatest exemplar of "mine is bigger than yours".
Biggest building in the world, biggest indoor ski-slope, biggest swimming pool, biggest hotel (7 star no less), shopping mall, theme park, airport, and biggest sweet shop for goodness sake.
Now it appears to be on the edge of producing, relatively speaking, the biggest financial crash in the world because of its fragile sovereign debt position.
The ripple effect of Dubai on confidence will affect international lending decisions and interest rates out of all proportion to the actual amounts of money involved.
Hey, Dubai is a long way away with its possible debt default being fairly inconsequential in the context of trillions of worldwide debt. A little sandy dot with a pile of essentially useless real estate bling. Does its hubristic economic collapse matter to me and my business in Ireland?
I think it does and I would advise you to take note and take early action. Now that everybody is getting a bit complacent, Dubai reminds us that recovery is still shaky.
When the downturn started to bite and borrowing was tight, remember how you made cuts in overhead, reduced staff, slashed expenses and focussed on cash flow?
Well, go into your business this week, take another hard look and follow it up with some hard action as before.
Oh, and at a personal level, delay your car change, take a much less expensive holiday, cut all unnecessary expense. Christmas is coming and here is Mr Scrooge already.
Do this and do it now! I have a feeling that in 6 months time you will be thanking me.
Friday, 20 November 2009
Cheats win at business - or do they?
But despite my indignation, I do feel rather sorry for the sublimely talented Thierry in the "long game" of life and how he will be remembered.
Bernie Madoff, Robert Maxwell, John DeLorean.
Saturday, 14 November 2009
We all lost the run of ourselves! So, what now?
Elizabeth’s 5 non-linear stages are; Denial, Anger, Bargaining, Depression and Acceptance. In essence, the sooner one can come to the point of Acceptance, the better.
By extended application, this simple yet powerful model may also enable many of us to understand and move on from lesser though extremely serious events or conditions in our business and personal lives. How about the fall-out from the international financial turmoil and closer to home, the demise of the Celtic tiger?
Almost without exception in Ireland, North and South, we suffered from and were severely damaged by a syndrome that I call “WALTROO” (We all lost the run of ourselves).
WALTROO-induced traumatic events are being experienced by people all over Ireland. Traumatic events such as losing jobs, houses, status, peace of mind, or stacks of money are tough to face, but it is essential to accept and then work with the new realities.
Elizabeth’s model can help in coping and moving on.
Denial – Get out of it!
• We are not among the richest nations of the world any more.
• In reality, we never were. (but we had a smashin’ time while it lasted!)
• If you can see green shoots anyway soon, you are colourblind or deluded.
• Lower your short/medium term expectations with regard to personal wealth and expenditure.
• Take personal responsibility for the money you spent (sometimes well, in fairness), borrowed (OK far too much), wasted (don't go there), misspent (apartments in Bulgaria? Crikey!)
Anger – Get over it!
• Bankers, politicians, Government, builders, developers; Grrrr! Rant! Grrrr!
• Blaming others won’t help you. You were delighted the banks lent you the money! You loved the ride, big-shot!
• You bought the houses, second homes, new kitchens, Armani suits, Jimmy Choos, long-haul holidays, tasty meals and you ran up the debts; so if you have a strong uncontrollable urge to blame somebody, blame yourself.
• Take personal responsibility.
Bargaining – Forget it!
• You can't stay in the old paradigm - the Tiger economy is gone.
• You can't be a big-shot any more - or even a middle-shot.
• Accept the truth that you are currently a wee-shot, and build from there.
• Attempting to bargain will only delay your emergence from the deep darkness of depression.
• Take personal responsibility
Depression - Won't fix anything!
• This is a natural, and probably inevitable, stage
• The toughest one to deal with
• Essential to get out of it, quick
• Be courageous, take personal responsibility
Acceptance - This is the only positive stage!
• Acceptance of personal responsibility is intensely liberating and uplifting
• Get here as quickly as you can
• Now, and only now, can you make real progress
• This is when you make the emotional adjustment to the new realities
• There is life after the Tiger!
The platitudes that go with times of trauma such as "time brings healing" or "look for a silver lining", while well-meaning are often hard to take, but they contain more than a grain of truth.
Elizabeth's model can help. How do I know? - I got smacked in the meltdown too!
By the way, if you see a grumpy (but otherwise generally happy) geezer with WALTROO tattooed on his forehead - that'll be me!
Saturday, 7 November 2009
How to change someone's life
READ THIS SLOWLY
Kindness in life – Kindness in business
I love this true story broadcast by BBC Northern Ireland, where Sheila Quigley, a 70-year old lady from rural Ireland was reminiscing on a moment in time and an act of kindness that inspired her as a nine-year-old child:
“We always were sent to Confession on Saturday. I was on my own that day and I went into Confession and when I came out again the sky was very overcast and I just got down past the beautiful thatched house called Farthings, when the skies opened and the rain came dashin’ down. And you couldn’t shelter, so I began to run down the road.
And I was coming past Greenfields Estate and the door of the gate lodge was opened and a lady was standing at the door. And she said to me, “Come on in, wee McCallion”, she said, “you will be drooped to the skin, you can wait here until the rain goes over”. And she brought me in and she said to me, “Sit down there by the fire until you get yourself dried”.
She took my shoes and socks off and she dried my feet and she hung my socks up over the rack of the stove, and she took the bow off my hair and she dried my hair with a towel and then she combed it, and by the time she did that the ribbon was dry. She put it back in my hair and she tied it. Oh … she was just … the loveliest woman you could ever imagine!
She said to me, “Would you like a wee drop of milk?”, and I said, “Yes, please”. And then she gave me, not one, but two jam tarts. Now this was the war and one jam tart was a luxury but two jam tarts were riches beyond treasure.
But I sat, and I ... I was in heaven. And they were the most delicious jam tarts. A real treat to me. Whenever the rain went over, she put four jam tarts in a blue sugar bag and she gave them to me to take home to the rest.
And I went down the road and I thought I was in heaven. And I said to myself, “When I grow up, I am going to be kind and good and lovely like Mrs. King”.
SEQUEL
I used this story verbatim in a speech I made last year to Londonderry Chamber of Commerce. After the event, a young woman came up to me and said “ Mr McKee, Sheila Quigley is my aunt and I can tell you that she is the kindest, best and lovliest person anyone could ever meet”
What a tribute to Mrs King! What a lesson for how we can help the people we work with in our businesses and live with in our families.