EP #207: Scarcity Culture vs. Abundance Culture
People will live the culture they feel.
You’ll attract the top talent in your industry by making them feel they’ll have more than enough to contribute to the cause the moment they walk in the door.
Great workplace cultures allow people to feel an abundance of support and resources. Scarcity in a given area is acknowledged but little time is wasted talking about it. The abundance of resources is sure lead to a quick solution.
Leaders will serve their company and coworkers best when giving people a great feeling before they’re even hired. You’ll want to concentrate on giving people the everything they need to be successful and fulfilled.
And remember, an attractive place to work is an attractive company to do business with.
Have a generous day.
What You'll Learn in Today's Episode:
How we don’t need more
The definitions of scarcity and abundance
Why less is okay
Why you don’t want to portray a scarcity mindset to your people
How scarcity should be acknowledged but not a major topic of conversation
How to make people “feel” abundance
The environment that will attract top talented people
How a janitor is just as important as a CEO to a company’s culture
How the relationship between scarcity and abundance will affect your life and company culture
Quotes Worth Sharing:
“We don’t need more. We need less.’” - Bob DePasquale
“We’re always comparing ourselves.” - Bob DePasquale
“Compare yourself to only your former self.” - Bob DePasquale
“We have much more than people could ever really need or want.” - Bob DePasquale
“I believe we have a very large quantity of many things in our lives.’” - Bob DePasquale
“When you work and effectively live in that culture, you feel abundance.” - Bob DePasquale
“You shouldn’t ignore scarcity.” - Bob DePasquale
“Scarcity is not something to talk about.” - Bob DePasquale
“It might be worse than not having ownership at all to feel like the unwanted owner.” - Bob DePasquale
“You want people immediately to feel a that they’re capable of being part of something.” - Bob DePasquale
“The janitor is just as important to the culture (as the CEO).” - Bob DePasquale
“Generous culture looks different at different places.” - Bob DePasquale
“You want them to say how much they enjoyed working alongside you.” - Bob DePasquale
“The day that you walk in the door your capable of contributing. - Bob DePasquale
Resources From Today's Episode:
My Book - Personal Finance in a Public World
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