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Just Cause

Smith Sense

Release Date: 07/08/2020

When A Founder Should Step Aside show art When A Founder Should Step Aside

Smith Sense

As Matt closes the door on his CEO days with Royalty Exchange and moves into a Chairman position, he speaks with Antony about when is it the right time to step aside and let someone else take the controls.

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Digital Nomads, Independent Thinking, and Why Bobby Casey is Optimistic show art Digital Nomads, Independent Thinking, and Why Bobby Casey is Optimistic

Smith Sense

Matt chats with Bobby Casey from Global Wealth Protection about digital nomads, working from home and independent thinking

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Distribution is King show art Distribution is King

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Entrepreneurs tend to focus on product and marketing. The real opportunity is in distribution.

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Killing Innovation show art Killing Innovation

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At a time when we badly need innovation, less regulation — not more — is the answer.

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Doug Casey Talks Covid-19, Fedcoin, and the Future of Western Civilization show art Doug Casey Talks Covid-19, Fedcoin, and the Future of Western Civilization

Smith Sense

A Conversation with Doug Casey about the current chaos the US finds itself in

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Performative Entrepreneurship show art Performative Entrepreneurship

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Are you innovating or performing?

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Frame show art Frame

Smith Sense

Gary Young joins the podcast to discuss how to use ‘frame’ to influence.

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The Power of the Overton Window show art The Power of the Overton Window

Smith Sense

Royalty Exchange cofounder Gary Young joins the podcast to discuss how self-limiting ideas — our own and those of others — shape our daily reality.

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Just Cause show art Just Cause

Smith Sense

To play an infinite game, start by defining what you stand for

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Hiring and Firing show art Hiring and Firing

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How to attract talent, pick the right candidates, retain star employees and say goodbye

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More Episodes

In his best-selling book The Infinite Game, Simon Sinek writes that there are fundamentally two ways of interacting with the world.  In one view — the one traditionally taught in business school — the world is finite in size. In order to get a bigger piece of a fixed pie, you must take from someone else. 

In the other view, the world is infinite and you can’t even imagine how big the pie might get. You focus your energy on expanding the pie so that everyone can win.

Competition is for losers

Peter Thiel wrote that competition is for losers. If you look at the world as a competition with others, you’re setting yourself up for a finite game, which is a losing game.

Make them owe you

A lot of times people are hesitant to give too much because they’re worried that the other party is not going to reciprocate. That’s a finite-game thinking.

In the infinite game, there is more than enough to go around and the pie is always expanding. Make your customers and anyone else in your life feel like they owe you — that you’re delivering more value to them than they can give to you. 

What’s your just cause?

To play an infinite game, start by defining your company’s “just cause.” This is the reason your company exists, beyond making profits and employing a large workforce. Your company makes money and employs people for some larger reason, and it’s your job to define it. 

Three elements of a just cause

The three elements of a just cause are:

  1. It’s for something.
  2. It’s inclusive.
  3. It’s service oriented.

SpaceX isn’t just building rockets

The just cause at SpaceX isn’t building rockets. Elon Musk believes it’s critical to have cost-effective mechanisms to get humans beyond earth for the long-term survival of humanity. His just cause is saving humanity.

Netflix wasn’t just renting DVDs

When Netflix first started the technology to achieve its just cause — to bring unlimited entertainment to people’s houses — didn’t even exist yet. So they started with DVDs and kept working on their bigger vision. 

Live your just cause

At Music Exchange we recently went through a process to define our just cause. At our core, we believe in the power of markets and that transparency provides the information that people need to be able to transact with one another properly. So that guides everything we do — even if it’s uncomfortable to post all of our deals publicly.

Communicate your company’s humanity

There are two main reasons for defining your just cause. One is effectively communicating your company’s humanity to the world.

Especially as businesses get larger and people work to maximize efficiency, the human element can get rung out in the process. Defining your just cause and communicating it to employees can help instill what matters in your company.

It’s like planting a flag in the ground: “This is what we stand for.”

Millennials workers want meaning

Another important reason to state your just cause clearly is that younger workers are searching for meaning in their work. By helping them describe their work in terms that go beyond profits and KPIs, you are putting them in the best possible position for when a friend or family member asks, “So, what are doing these days?”

Unearth the passion

Take a close look to find where the meaning and passion lies in your company, and then do the work to summarize and communicate it to employees, customers, future employees, partners and others.

Resources

Finite and Infinite Games, by James Cross

The Infinite Game, by Simon Sinek