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May 19, 2016

Disrupting Uber; Blockchains Critical; Pillow Fights; CEO Stretched Thin

"…insights for scaleups"


How Blockchains are Disrupting Everything Blockchains, which power things like Bitcoin, create what has been labeled the first Trust Protocol for the internet. Notes this Fortune article:

This has never happened before-trusted transactions directly between two or more parties, authenticated by mass collaboration and powered by collective self-interests, rather than by large corporations motivated by profit.

It's precisely this kind of new internet protocol that could disrupt a disrupter like Uber. Fortune has a short video interview with the authors of the article – go right to 2:08 in the video to hear how Don Tapscott sees blockchains putting Uber out of business. This is a very important article – worth 4 minutes this weekend – then discussing at one of your upcoming weekly strategy "council" meetings.

The Internet of Everything needs a Ledger of Everything — what double entry bookkeeping did to propel capitalism, blockchains will do for the internet of everything. Notes Tapscott "Business, commerce, and the economy need a Digital Reckoning." More specifically:

Maybe you're a consumer who wants to know where that hamburger meat really came from. Perhaps you're an immigrant who's sick of paying big fees to send money home to loved ones. Maybe you're an aid worker who needs to identify land titles of landowners so you can rebuild their homes after an earthquake. Or a citizen fed up with the lack of transparency and accountability of political leaders.

See, the problem with the standard internet is that I can send you an article, but we both still have it – it multiplies and can get corrupted as a result. With blockchains, there is an "automatic" level of accountability – the kind you need for transactions – that up to this point have required governments and large companies. Again, take 4 minutes to read the article.

Pillow Fights — "a place where everyone knows your name" was a theme of the famous television sitcom Cheers. Henry McGovern, Amrest (on the cover and throughout Scaling Up), initiated a similar theme throughout his restaurants, encouraging each to connect with 100 "regulars" (frequent customers) at a deeper level through games, activities, etc. The actual theme was "Bring Fun to Life." One restaurant took it over the top and purchased 100 feather pillows emblazoned with the company logo and hosted an old fashion pillow fight! I saw the video and it was feathers everywhere – how much fun is that!

Stretched Thin CEO Let's Go (Coconut Purveyor – Gazelles Case) — my latest Huffington Post piece details how Temple Lifestyle co-founder and CEO Chris Magnone (34) found himself wearing too many hats. This both constrained the business and strained his life. Working with the Scaling Up FACe tool (Function Accountability Chart), along with Gazelles Certified Coach Les Rubenovitch, Magnone distributed the accountabilities and saw revenues soar. For details take 2 minutes to read through how Magnone unleashed the power of his team.


Have you ever wondered if your company would be a good candidate to work with an executive growth coach? Click here to watch Gazelles International President Keith Cupp describes the four most important attributes of successful clients.

And if you're interested in becoming a world-class certified Gazelles International coach, please contact Jean Carpenter at [email protected] / (360) 798.9471.


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Verne Harnish
Verne Harnish
Verne Harnish is founder of the world-renowned Entrepreneurs’ Organization (EO) and chaired for fifteen years EO’s premiere CEO program, the “Birthing of Giants” and WEO’s “Advanced Business” executive program both held at MIT. Founder and CEO of Gazelles, a global executive education and coaching company with over 150 coaching partners on six continents, Verne has spent the past three decades helping companies scale-up. The “Growth Guy” syndicated columnist, he’s also the Venture columnist for FORTUNE magazine. He’s the author of Scaling Up (Rockefeller Habits 2.0); Mastering the Rockefeller Habits; and along with the editors of Fortune, authored The Greatest Business Decisions of All Times," for which Jim Collins wrote the foreword. Verne also chairs FORTUNE Magazine’s annual Leadership and Growth Summits and serves on several boards including chairman of The Riordan Clinic and the newly launched Geoversity. He is an investor in many scale-ups. A father of four, he enjoys piano, tennis, and magic as a card-carrying member of the International Brotherhood of Magicians.