In Episode 3 of Season 2, Natalie & Chelsea recap their discussion with guest Dr. Tom Davidow (S2 Ep2), talk about their personal experiences working with family and growing up in family businesses, the hard lessons they have learned, and whether they would do it again.
Show Notes:
Hosts:
-Natalie M.
-Chelsea M.
Timestamps:
**00:00** - Introduction
**00:31** - Beginning of Episode
**02:10** - Natalie and Chelsea recap their discussion with Dr. Tom Davidow and get into more detail on each of their experiences working in their family businesses.
**32:18** - Natalie and Chelsea begin a deeper discussion around Tom’s statement that not every family business dynamic is fixable.
**33:12** - Break
**33:43** -The conversation continues as Natalie goes a bit deeper into a challenging situation she faced while being involved in a family business.
**58:10** - Natalie asks Chelsea if she had to work with family or a group of co-workers that she didn’t like, which would she choose and why.
**1:00:50** - Natalie & Chelsea talk about Jay’s desire to have a family business with Natalie, how being a snow bird seems more appealing these days, (maybe) wanting to be a plumber (?), Ivan & his unique profession, and if they could have any award given out during award season - which would they want.
**1:09:06** - End of Episode
**1:09:26** - Stay Tuned
**1:10:06** - Outro
Key Takeaways:
1. “Fixed Mindset”: Belief that abilities, talents, and traits are fixed or inherent and cannot be significantly changed.
Example: Avoiding challenges for fear of failure.
2. “Growth Mindset”: Belief that abilities, talents, and traits can be developed and improved through effort and learning.
Example: Embracing challenges as opportunities to grow.
3. **Tips for Cultivating a Growth Mindset**
Self-Awareness
-Identify Your Fixed Mindset Triggers: Recognize the situations that trigger a fixed mindset (e.g., challenges, setbacks, or criticism).
-Reflect: Make it a habit to reflect on your thoughts and feelings regularly, identifying instances where a fixed mindset held you back.
Change Your Language
-Switch Your Language: Instead of saying “I can’t do this” or “I’ll never . . .,” say “I can’t do this yet,” or “I am moving towards . . . .”
-Embrace Constructive Feedback: When you or others fail, #failforward by focusing on what can be learned from the experience.
Reframe Challenges and Setbacks
-Stretch Goals: Set an objective that pushes you out of your comfort zone.
-Reframe Failures: View setbacks as opportunities for growth, not as a validation of an inability or shortcoming.
Embrace Feedback and Prioritize Learning Over Validation
-Constructive Criticism: Actively seek out feedback that helps you improve or refine your skills.
-Encourage Open Dialogue: Create an environment or cultivate relationships where open and constructive feedback is welcomed and regular.
-Value the Process: Prioritize learning and improving over success or perfection.
-Focus on Yourself: Prioritize yourself, focus on your personal development, and celebrate your achievements. Avoid seeking approval or validation from others.
Additional Resources:
Book: "Mindset: The New Psychology of Success" by Carol Dweck
Thomas D. Davidow & Associates
The Davidow Interdisciplinary Method
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