Crumbs From Catalyst 2011: #3

Dave Ramsey has parlayed his no-nonsense demeanor, his openness and honesty regarding his life mistakes, his business savvy and a rock-solid approach to money management into a media dynasty. He is a best-selling author (Total Money Makeover , EntreLeadership), a radio host and has been a cable TV fixture on Fox. His Financial Peace University, offered primarily as a ministry outreach through churches, has transformed the lives of thousands of people. His enterprise/ministry/business, whatever you would like to call it, has been voted one of the best places to work multiple times.

Dave is very overt in his faith and has been a regular at Catalyst and other conferences in recent years. I love him because he does not mince words.  He says the things that need to be said. His session focused on his hiring practices and dovetailed quite nicely with what Jim Collins had shared.

He shared some important points:

1. In order to be present, you’ve got to understand that people matter.

  • The #1 correlation between your success and failure is your relational IQ.
  • When you’re having an interaction with someone, listen for their story.

2. An incredible team and a culture of excellence matters.

  • If we’re not careful, we’ll be surrounded by people who need more help that they can give.
  • You can’t win the Kentucky Derby if you’ve got a donkey.
  • When you put someone in the wrong seat on a bus, the whole organization suffers.
  • Spend time on the staffing/interview process.
  • Don’t intentionally bring ‘crazy’ into the building.

3. Slow and steady matters.

  • Don’t let your ministry, workplace, and life go faster than your resources.
  • When you’re growing faster than you’ve got money, you’re about to have problems.

4. Financial principles matter.

  • Stay out of debt
  • Save.
  • Have a plan.
  • Spend less than you make.
  • Learn to be generous.

5. A higher calling matters.

  • Do your work as unto the Lord.
  • Opportunity will be attracted to excellence. Bloom where you’re planted and opportunities will find you. Don’t spend all your time seeking other opportunities.

Care about the “why” not just the “what.”

The “why” is the most important part. Readdress your higher calling each and every day.