Money Lessons with Andrew Temte, PhD, CFA

The Skill of Active Listening

By definition, when someone is listening, someone else is speaking - either verbally, through the written word, or both. To ensure that the conversation isn’t encumbered by unnecessary tension or spin, help your colleagues find their voice. How? It’s important to lead by example and the best way to do this is to shed your emotional suit of armor. Let your colleagues see that you’re human by being constructively vulnerable. Tell a story about how terrified you were the first time you spoke to the CEO of the business and how you navigated the accompanying anxiety. Hopefully, you can share an experience where a boss from your past showed compassion and helped you overcome your fears.

The Benefits of Becoming Multidimensional

I believe in bringing more of one's “whole or best self” to work. I believe that a diversity of voices and lived experiences leads to a richer tapestry of potential solutions to business challenges and ultimately, better outcomes. Conversely, I believe that heavy conformance to preconceived norms and blindly following overpowering voices stifles creativity and leads to the adoption of a fixed, unyielding mindset. 

A Corporate Culture Story

As time passes, the business matures, growth slows, and entropy sets in. Leaders and team members pull their heads up and take a look around at the state of their business. The common refrain goes something like this: “Wow, how did our culture deviate so far from our original intention? We need to get back to growth mode, but we also need a culture that will facilitate further growth, not impede it!”

Integrity & Compassion

Welcome to the Saturday Morning Muse! In this episode, I'm talking about what integrity means and propose a simplified definition. Here's an excerpt:
"I propose that when we teach and coach the human skill of integrity, we must also add the words empathy, compassion, and understanding. As a result, the definition of integrity can be simplified to: Integrity: Compassionately doing the right thing."
Learn more about Andrew Temte at https://www.andrewtemte.com.

Posture, Self Confidence, and Well-Being

This episode tells the story of 10-year-old Andy as a member of the La Crosse Boychoir, my mentor, Dan Johnson-Wilmot, and outlines three benefits of focusing on good posture for your personal and professional journey of continuous improvement.
"Nothing says “you’ve got this,” more than good posture. Many people will tell you that “clothes make the person,” but those clothes have to fit onto a frame—your frame. So before you go out and spend big money on a new wardrobe to boost self confidence, make the time to invest in posture by strengthening both mind and body."
Learn more about Andrew Temte at www.andrewtemte.com.
#Posture #Self-Confidence #LeadershipDevelopment

The Case for Compassionate Leadership

My goal with this muse is to gently, but purposefully change the arc of the conversation in corporate circles around the concept of empathy and empathetic leadership. In my opinion, empathy is great, but it lacks two essential ingredients—the willingness/ability to help, and the ability to detach. Compassion represents a logical extension of empathy as it combines the ability to recognize someone else’s feelings and the motivation to help them do something about it. This addition of the motivation to help requires an ability to separate or detach oneself from the challenge the other person is experiencing. Without this ability to mentally detach, their challenge or pain becomes yours and carrying around that emotional burden will ultimately lead to your own exhaustion and burnout. Yes, it’s awesome that you feel another’s pain and want to help alleviate it, but if it’s at the expense of your own well-being, what’s the point?
www.andrewtemte.com

Budgeting and Building Financial Acumen

Financial literacy is a woefully underdeveloped skill in both our homes and businesses. I frequently hear business leaders lament about the lack of financial literacy within their teams. In my first book, Balancing Act, I outline the four most important future-facing skills and financial literacy (and it’s more sophisticated cousin, financial acumen) is one of these four critical skills. So what is to be done to close the financial literacy skills gap? Use your annual budget process as an experiential learning opportunity for managers and key individual contributors in your organization.

Does Your Budgeting Process Add Value?

Today, I'm musing about turning your company's budgeting process from wasteful drudgery to a value-adding exercise that helps develop individuals, teams, and builds your corporate culture. Optimally, your company’s budget should be an elegant financial expression of a tight, cohesive storyline that explains how tactics and execution in the upcoming year align with the company’s purpose, long-term vision, and master (or top level) goals.

Are You a Boss or a Leader?

So how do we balance control and empowerment? How do we create a high trust, high accountability workplace? We do so by installing a clear set of guardrails and guidelines within which the organization can function. Said differently, we install a “management operating system.”

Overcoming Imposter Syndrome

Excerpt:
If I’m living my personal purpose in both life and work and striving toward my long-term personal vision, then the likelihood that I feel unworthy of my successes is reduced because my success is more genuine to me and, no pun intended, purposeful. So if natural feelings of unworthiness and self-doubt creep in, I can remind myself that my success didn’t come out of nowhere, but was instead the result of planning, skill, and hard work.