Latest / Authentic Living / Conscious Capitalism: Thomas Eckschmidt on Purpose, Integrity, and Business Success
Transcript
- 0:01Welcome to Authentic Living with Roxanne, a place where we have conscious conversations
- 0:08about things that really matter in our lives.
- 0:12And now here's your host, Roxanne Terhaj.
- 0:40Everyone, it's Roxanne Durhodge.
- 0:42Thanks for hanging out with us again.
- 0:44Today, have a special guest all the way from, originally from Sao Paulo, but now he's in The
- 0:49U.
- 0:49S, Thomas Eckschmidt.
- 0:52Thomas, how are you today?
- 0:54I'm very good.
- 0:55Always excited and happy.
- 0:59To have these kind of great conversations, it's just an opportunity to actually share and show
- 1:06our audience how so many things connect.
- 1:10Absolutely.
- 1:11So let me tell you a little bit about Eric.
- 1:12You're gonna be able to read all the amazing things about him.
- 1:15He has his MBA from the business school in Sao Paulo.
- 1:18He's worked in over 20 countries before he launched a successful entrepreneurial career.
- 1:25About 12 business just just 12 business awards for patents filed and 11 books published.
- 1:32What an amazing feat.
- 1:34He teaches conscious capitalism classes in major schools and in corporate governance and
- 1:39programs.
- 1:40And he's the cofounder and CEO of CBG J, Conscious Business Journey, a global network of
- 1:47certified consultants where they accelerate the change to a more conscious business ecosystem.
- 1:55So, Thomas, let's let's kinda talk about kinda your path because I'm I'm always curious how
- 2:02you started and what kinda got you up into something so profound today about that, I'm
- 2:07gonna say, connectedness that you have within business that you brought conscious capitalism
- 2:12to us.
- 2:13So tell us a little bit about your background.
- 2:16One of the things I actually discovered from my personal journey is, you know, from the time I
- 2:22was in school, high school, even college, I got some geeks, which I thought it was just a way
- 2:31to make some quick money.
- 2:32But actually, if I had repeated that consistently, that would be a first business.
- 2:40And at some point, I decided to leave all the corporate world consulting and start my own
- 2:45business.
- 2:45And that's when I discovered something very interesting, that the way I applied this
- 2:53business, the way I actually was executing this was very in line with the principles of
- 2:59conscious capitalism.
- 3:01So I didn't have a purpose per se.
- 3:03I had a belief.
- 3:04You know, we didn't have a stakeholder map all all, you know, mapped out.
- 3:10We had an extended value chain.
- 3:12So those elements were there.
- 3:14And when I discovered conscious capitalism, I said to myself, you know what?
- 3:19I think I'm an unconscious conscious capitalist.
- 3:22And over time I discovered most of entrepreneurs are unconscious, conscious
- 3:28capitalists.
- 3:29And as soon as you become aware of this framework, you have a better chance to succeed
- 3:35and generate amazing results, not only economical results, but in multiple dimensions
- 3:40of value creation.
- 3:42This very short, very quick, this is how I came across and connected to conscious capitalism
- 3:48and actually became one of the strongest promoters in the world.
- 3:51Have today 1,300 certified professionals in 28 countries.
- 3:57Amazing, amazing.
- 3:58And ultimately totally aligned with I start expressing my purpose, my personal purpose, and
- 4:07ultimately I discovered that I have to accelerate this path.
- 4:12So the only way to accelerate is actually teaching other people to do the same thing as I
- 4:16do, as opposed to just being the only one doing this.
- 4:20So how did there there was a process to democratize this this approach.
- 4:25And, you know, since 2015, 78 cohorts of, you know, professionals certified under this
- 4:33methodology.
- 4:34So it's super exciting.
- 4:35So for people that maybe they I would assume they know what that term means, Thomas Yeah.
- 4:40Break it down for us because, you know, I think it's a concept, and if you were to look at the
- 4:45words, we would understand.
- 4:46But from your perspective, can you define it or give us, like, a working definition of what it
- 4:50is and potentially what it's not?
- 4:53Uh-huh.
- 4:54So for me, the those four principles, they're very clearly a the natural expression of anyone
- 5:02who starts a business to start an initiative that wants to change the world around you.
- 5:07And the world around you has multiple dimensions, your family, your neighborhood,
- 5:11your country, the whole planet, so it depends.
- 5:13So anybody who starts a business believes that he can do something better, he or she can do
- 5:19something better.
- 5:19So that belief of being able of doing something better, behind that lies what we call the
- 5:25purpose, your cause, how you can actually address an issue.
- 5:30The second element is leadership.
- 5:32You launch yourself towards this journey, just like the hero's journey.
- 5:36Right?
- 5:37You get out of your comfort zone, you see like there's an opportunity to deliver something
- 5:42better, you launch yourself.
- 5:43Now you're in a hero's journey, and you start interacting with multiple stakeholders.
- 5:49You recognize the interdependence.
- 5:51You will only succeed when the first customer believes you, the first employee decides to
- 5:56join you, and that becomes your ecosystem, not just the value chain, but the family of that
- 6:01employee, your neighbors, you know, the government, everything else that's alongside
- 6:05alongside your journey.
- 6:07And this is the biggest challenge, you know, to be, you know, cash flow positive, to be
- 6:12profitable.
- 6:13So that's the first biggest challenge.
- 6:15And once you reach that, you you basically are creating a culture how to operate.
- 6:20This space as a small business, as an entrepreneur, as a team of people engaged
- 6:26towards that cause, that purpose.
- 6:30Now, once you reach profitability, you are a new comfort zone.
- 6:33So you expand that comfort zone, and this is when you That's why this is a circular move.
- 6:40You keep on going and launching yourself as you expand your comfort zone.
- 6:44And now it's just not about the profit, it's like how to increase the impact, how to reach
- 6:48more people.
- 6:49So for me, those are the four principles that are naturally part of an entrepreneurial
- 6:55journey.
- 6:57And this what we call today, is a conscious capitalist philosophy, or even deeper, at a
- 7:02higher ground, at a higher level, is the conscious business framework, because it
- 7:08connects you with what we call the hero's journey, which is in a constant expansion of
- 7:14how your business, your initiative, your purpose actually expands beyond just that
- 7:19little profitability requirement that you have.
- 7:23So it's making the space around the initial concept a better place to be.
- 7:28Because, you know, like, you're kind of thinking about, you know, most entrepreneurs,
- 7:33they have an idea or they're good at something or they could would do something for free quite
- 7:37literally, and they start off kind of, oh, I think I and then before, you know, they have a
- 7:42bit of a business, and then they're like, okay.
- 7:44Well, maybe I can do more of this.
- 7:46But, ultimately, I think there has to be a deep burning passion ultimately to make a difference
- 7:51with whatever you're putting out in the world.
- 7:54Yes.
- 7:54And I think that difference is the belief that you can do something better.
- 7:59You know, from a smallest thing on improving the the way your family you live with your
- 8:04family to, like, larger and most impactful businesses that, you know, start addressing the
- 8:10whole world.
- 8:10Of course, you always start a smaller space, geography, or influence, and it all comes back
- 8:18to the quality of relationships you've built.
- 8:21If you look only to extract the maximum economical value from the other party, you just
- 8:28exhaust your own system.
- 8:31Now when you're improving that relationship and not only creating on that exchange, the product
- 8:37or service for the amount of money you're paying, but belonging, engagement, you can
- 8:45create so many different levels of relationship.
- 8:48That is what actually allows you to keep expanding and expanding your reach within your
- 8:54business idea, within your purpose.
- 8:57So you said when you started, you realized you were unconsciously-
- 9:02Conscious capitalist.
- 9:03Conscious capitalist.
- 9:04So tell me about that and and what you know, and I'm sure a lot of people listening will
- 9:09probably go, well, am I am I conscious or am I semi conscious or where am I on that continuum?
- 9:14So tell us about what you started to realize.
- 9:16Jeez.
- 9:17I'm a bit unconscious here so that people could understand the space that you began in.
- 9:22Mhmm.
- 9:23And the beauty of this is that we don't know what we don't know.
- 9:28Mhmm.
- 9:28And I had no idea about this framework.
- 9:31So my intention was actually to connect with John Mackie and offer our service to Whole
- 9:36Foods.
- 9:37And I discovered John Mackie was at a specific conference.
- 9:40I invited myself into that conference, and, ultimately, I met John, good friends.
- 9:45But my intention was actually to reach for a commercial deal, and I discovered a philosophy,
- 9:55a business philosophy.
- 9:56And when I say that I was an an unconscious conscious capitalist because I failed, and
- 10:02going back to my story, my entrepreneurial journey, I say, I failed here because I moved
- 10:09out of this framework.
- 10:11That was a decision purely based on economics.
- 10:14This was a decision purely based on being bigger, not better.
- 10:18So I start identifying every time I was inside that framework, my decisions were better than
- 10:25those outside the framework.
- 10:28And this, for me, the unconscious conscious capitalist is because I was navigating through
- 10:34that road, that framework, but sometimes without knowing the limits, I was just moving
- 10:39out.
- 10:40It's like driving a road in the dark without seeing there's a road, but you could actually
- 10:48feel, I'm on the shoulder, I'll go back.
- 10:50I'm on another side of the shoulder, go back.
- 10:53So that was my impression.
- 10:56And being more conscious about this framework is intentionally actually applying that
- 11:03framework in your decision making, in your expansion, in how you treat people, how you
- 11:10lead the way forward.
- 11:12So it is very different, it's not just as you go, but say, am I doing the right thing?
- 11:18Do I have a purpose?
- 11:19Am I beyond?
- 11:22Is this contributing to advance my intention, my purpose?
- 11:26Or is this just a shortcut to make some more money and reach some targets that are most of
- 11:33the time arbitrary set, right?
- 11:36As opposed to say, yeah, this this is taking me forward on my purpose, on my intention.
- 11:42You know, it's so interesting when I listen to you say that because I think most of us,
- 11:47including me, when I started my business, was like, okay, well, I'm gonna start speaking and
- 11:52consulting and coaching business.
- 11:54And my thing, like I think I've shared to you with our couple of conversations prior to being
- 11:59able to do the podcast is I always wanted people to have voice.
- 12:04So extenuating circumstances in my life made me realize that I didn't have a voice.
- 12:10I was quite young, and it was something that I thought, well, maybe I could kinda do this for
- 12:14a living.
- 12:14And ultimately, an 11 year old concept of, I I I think I might be able to I wonder if we can
- 12:19do this for a living, and that's how it started.
- 12:22But, you know, what I'm remiss in realizing is that, and I I really hear the two paths you're
- 12:27talking about.
- 12:28You always hear people talking about scaling.
- 12:30Right?
- 12:30Let's get you know, I'm at the level.
- 12:32I've made my, you know you know, six figures, my multiple six figures.
- 12:36I need to scale.
- 12:36I need to 10 x, you know, the whole thing.
- 12:40And then they go down this trajectory to you know, I have to put the systems in place and
- 12:45then, you know, the back end and the SEO and all that stuff, which is the economic lane,
- 12:50which is what you're talking about.
- 12:52But from the conscious capitalist perspective, what kinds of things like you said, decision
- 12:57making, how am I leading, you know, how am I thinking of my end user?
- 13:03That's a different perspective because, you know, I'm scaling, and I'm just thinking of the
- 13:09bottom line.
- 13:10Mhmm.
- 13:10But I'm probably gonna have a lot of shrapnel along the way.
- 13:13So from the conscious capitalist perspective, tell me how we should understand the framework
- 13:19of about scaling.
- 13:21Good.
- 13:22Scaling has a different speed.
- 13:26And because what we do throughout the time and here's a first fact.
- 13:32You know, companies that intentionally apply those four principles have economical results,
- 13:39financial results up to seven times above the market average, on fifteen, twenty years
- 13:46timeframe.
- 13:47So it's not about the short term, it's about the medium, long term.
- 13:51Because you're not in business to sell it.
- 13:54If you're in business to sell it, approach is completely different.
- 13:57And it's questionable if that business will hold up on the long term.
- 14:04Now, most of the people who start a business, they start because they love what they do, and
- 14:07they have the long term vision.
- 14:10It's not just like a government, four years and I'm gone, it's a lifetime investment, a
- 14:16lifetime journey.
- 14:17So what we see a lot of the times when you see this uptrend, this 10 x, the scaling is on the
- 14:27medium long term.
- 14:28Right?
- 14:29So when you want to actually what what you're doing is you're you're creating multiple value
- 14:38relationship.
- 14:40It's not just the transactional, the product and service in exchange of money.
- 14:44You are educating your audience.
- 14:46You are, you know, inspiring them so they follow you.
- 14:51And I'm gonna give an example.
- 14:54So when I started, I was focused on talks, inspiration, and education.
- 15:00People got inspired, they came to me because they wanted to learn more.
- 15:04And at the beginning, I was delivering my all my training material printed.
- 15:10And after pandemic, say, okay, I'm gonna hold on to this.
- 15:13I'm gonna do a PDF on copy, you know, you can't do anything.
- 15:17And over time I said, you know what, if I'm really interested in accelerating this
- 15:22movement, I need to give them the open source of that document so they can change it, adjust
- 15:27it and use it right away.
- 15:30And over time, that was a big challenge with my ego and my eco.
- 15:36My ego was saying, don't give that to Roxanne.
- 15:39She is better than you.
- 15:40She will drive this much, much further away, much, much higher to a much bigger audience.
- 15:47But on the other side, my ego is saying, if I want to accelerate this change, I need to
- 15:53empower those that learn from me.
- 15:57So this is always the challenge.
- 15:59It's the fight between the ego is the short term, which we have to look into, and the ego,
- 16:05the medium and long term, which will actually generate that income.
- 16:09So a lot of my consultants today, those that are certified under this program, they actually
- 16:15come back and need help.
- 16:16Say, Hey, Thomas, can you give me like five hours, two hours, three hours?
- 16:19Hey, Thomas, I have a talk.
- 16:20Can you inspire these people?
- 16:22Because I'm sure that that's going to generate a lot of leads and we can have some
- 16:26contribution.
- 16:27So I have 1,300 people.
- 16:30They're actually articulating that idea that started from me.
- 16:35So this is the long term sustainability effect of balancing ego and eco.
- 16:43I like that balancing ego and eco because I think when you think straight scaling, it's
- 16:48well, I wanna get, you know, 5,000,000 from a million or, you know, you know, 10 x the five
- 16:54or whatever.
- 16:55So that's very, very ego driven and very economic to the bottom line.
- 16:59And what you're saying here is that conscious capitalism is really about an ecosystem that
- 17:05you are really from your initial passion.
- 17:10You're you're you're basically holding that away, and you're you may be not going to
- 17:15accelerate economically in the same frame, but the but the return on your long term investment
- 17:22is just gonna be spread.
- 17:24Like, with your 13 little, you know, people out there talking about conscious capitalism,
- 17:28you're spreading your initial message.
- 17:31And by, I gotta say, reverb, all this business just kinda boomerangs back at you because the
- 17:38real the real core fundamental I'm hearing, Thomas, is that the word is getting out there,
- 17:43but out of there, out of a an abundant mindset, you're just gaining the solidity, solidifying
- 17:51the business, just like you said, from medium Yeah.
- 17:53To long
- 17:56So on that thought, you know, setting arbitrary targets 10 x, It's easy to achieve because you
- 18:07do it at any cost.
- 18:10But to that 10x to be sustainable, you need to actually establish a better quality of what you
- 18:18offer to the world.
- 18:20Because, and this is a big difference, quality is a measure from the outside in.
- 18:27I can say I'm the biggest one, and I define, you know, the scale I wanna measure myself
- 18:33against.
- 18:33So the tallest one in a group that I just teach to smaller people.
- 18:39But am I the best one?
- 18:41That measure is actually dictated by the system.
- 18:45So if people don't see my offer as better than others, I might start failing.
- 18:53So the economical result derives from your purpose, from the quality of what you deliver.
- 19:05Mhmm.
- 19:06So economic results is a result economic value creation is a result of the quality that you're
- 19:15creating, the quality of the relationships, the the value creation, not only, you know,
- 19:20financial as a consequence, but emotional, technological, educational, spiritual, and so
- 19:29many others.
- 19:30Mhmm.
- 19:32You know, such a powerful thing when you hear it laid out that way.
- 19:38Because really, especially in the economic times that the world the world is in right now
- 19:43with the with The US, with, you know, all the parts of the world.
- 19:47I feel like it's, like, like spinning plates.
- 19:49Right?
- 19:49Like, a lot's going on.
- 19:52Some people listening might say, you know what, Thomas?
- 19:55This is good if we have time.
- 19:59You know, how do I keep my integrity as a business owner?
- 20:03You know, I was just coaching a CEO in construction.
- 20:06And of course, with all the tariffs, say, with The US and Canada, what's happening is like,
- 20:11for instance, he was saying, you know, my my mortgage appraisals go out and the homes that
- 20:16was sold, for instance, a year ago to close now, their appraisals are coming back, some of
- 20:23them 6 to 800,000 less.
- 20:26So, of course, these people can't it's a cascading effect.
- 20:29Right?
- 20:29So people can't close.
- 20:31They're saying, keep my couple $100,000.
- 20:34I'm gonna be in dire straits if I do try to close this.
- 20:38So there's we're we're seeing a ripple effect of of all that's happening.
- 20:42So right now, a lot of people are just trying to keep their, quote, quote, you know, virtual
- 20:46doors open.
- 20:47What kind of guidance would you give them in this time, I'm gonna say, of of it's a bit of
- 20:53economic crisis right now.
- 20:55What what words would you give to them about trying to maintain, not lose their integrity,
- 21:02and stay the course as much as they can to stay in business.
- 21:05Yes.
- 21:06You know, I like to use the analogy of a caterpillar and a butterfly, and I was sharing
- 21:12this analogy with a a group of entrepreneurs.
- 21:16And one of the guys said, you know, Thomas, I see you you you established very clear two
- 21:21phases.
- 21:21One that you have to actually accumulate, accumulate, accumulate, become cash flow
- 21:25positive and profitable.
- 21:27And then the other one that you are able to actually spread and help to flourish your
- 21:32ecosystem.
- 21:33But what about the time the caterpillar is hidden, transforming itself?
- 21:39And say, oh my god, never thought about that that phase in between.
- 21:44So this is the phase where you as a business leader, you have to accumulate a reserve.
- 21:50That's why the Caterpillar has the ability to stop and upgrade to the next level.
- 21:57So what we as business leaders have missed, crisis will come over and over.
- 22:04That's the moment to come down and concentrate and focus and take care of business, take care
- 22:10of our system, our ecosystem.
- 22:13So we need to be always prepared for those moments.
- 22:19What does that mean?
- 22:20It's to keep a cushion to protect your people, your ecosystem.
- 22:29Because you, as a business leader, as a strong, you know, player in a sector, you need to be
- 22:37careful with that.
- 22:37You have a whole responsibility, not just employing people, paying their salaries, but
- 22:42create that cushion.
- 22:43And it's easy to say it now, but, oh, I have to prepare myself for that.
- 22:50Yes, we have to prepare ourselves for that.
- 22:52And sometimes what we have to do is there's an amazing example of Barry Weemuller on 2008.
- 23:00They have a lot of industrial products and machinery for production line.
- 23:05So the orders were actually cut by 40% and say, we have to fire people.
- 23:11Say, no, no, no, let's think about different options.
- 23:13So they exchanged thirty days of unpaid vacation with their employees.
- 23:20Some employees say, I can take sixty, I can't take any because I need to pay a lot of
- 23:25different things.
- 23:25So how do you know, you have to be creative on on hard times, and you have to involve, engage
- 23:33your stakeholders for designing better solutions.
- 23:38Absolutely.
- 23:39And we had that opportunity with the pandemic, didn't we?
- 23:42Yes.
- 23:44Right?
- 23:44I know it's I would say it's a different, was a different serpent with a different head.
- 23:49Let's say that.
- 23:50Mhmm.
- 23:50But, really, we did have that lesson just happened to us.
- 23:54Right?
- 23:55And I'm gonna say from a conscious capitalism phase, the lessons were there.
- 24:00You have to iterate, I would assume, I would say.
- 24:03Yeah.
- 24:03But really, it's about and I would go back, and I completely agree with you because when I
- 24:07interviewed most of the leaders from my book, it was when the pandemic was starting.
- 24:13And the leaders that really did well were the ones I remember there was one leader, Thomas.
- 24:20He had it was a smaller company.
- 24:22He had 200 employees.
- 24:23So he had his VA, his executive VA call every one of them.
- 24:28So everybody was petrified.
- 24:29Right?
- 24:30They were like, the CEO is calling me And for a little what he did was that he checked in and
- 24:42he asked for perspective just of what you were saying.
- 24:46I says, I will do whatever I can to ensure that we keep functioning, but what do you think you
- 24:51can bring to the table to help me with this plan?
- 24:54Yes.
- 24:55And clearly, he didn't need the second iteration of what we're going through here.
- 25:00He was already implementing it, you know, with the concept of of how can I reach out to what
- 25:07I've already built with good relationships, again, ecosystem concept?
- 25:12And then people were bringing it, yeah, let's go back.
- 25:14Let's go you know what?
- 25:15I've I've got an extra four weeks banked.
- 25:18I'm gonna leave that.
- 25:19I don't need to take that for quite a long time.
- 25:21Let's go.
- 25:22I can do, you know, three and a half days and share with somebody else, and they came up with
- 25:26this massive plan.
- 25:26Not one person was laid off, and it continued to function.
- 25:31This is so this is a good, beautiful example of what you're saying.
- 25:35So The
- 25:36the beauty of this example, like you just shared, and what Barry Wimiller, Bob Chapman
- 25:42did, is that the two years after 2008, after the crisis, they had their best, most
- 25:48profitable years.
- 25:49And what they did on those, with that profit was not just to give people back the money,
- 25:57commit to the long term plan, which is they deposited that money that they decided to give
- 26:07up, because I take unpaid vacation, on their retirement fund.
- 26:12Wow.
- 26:13Because if you get the money today, now you're good, you're stable, everything is working.
- 26:17Just more money is great, but that money in your future will make a much better transition
- 26:24for you.
- 26:25So this is how we play the long term game, not just let's do it all now, short term, 10x, and
- 26:34this urgency.
- 26:36Nature is not urgent.
- 26:38Nature responds in seasons, in years, in decades, and we need to learn to breathe with
- 26:46nature, not against nature.
- 26:50The best system where we can learn from is nature, the best research and development
- 26:58department.
- 26:58You don't see trees breaking down other trees to gain more space.
- 27:03You don't see a huge, 100 feet tall tree on its own with nothing around it.
- 27:10A strong tree is only as strong as its surroundings.
- 27:15So if you as a big business, and that's the tall tree, the tallest tree is also the one
- 27:21actually offering that space for everything else to grow around it.
- 27:26So we as a larger company, we have more responsibility, not just paying tax, salaries,
- 27:31we have a responsibility to cover for those variations, for the up and downs of the
- 27:37economical growth, because it will happen.
- 27:41And we had 2008, we had pandemic, and a new one was coming, is what's happening now.
- 27:48No.
- 27:49Absolutely.
- 27:50And this may this may, you know, the pandemic is time limited.
- 27:54This may this may be existing for quite a while where there's gonna be massive, I would say,
- 27:59long term shifts globally
- 28:01Mhmm.
- 28:02To address these concerns.
- 28:03Because now here in Canada, for instance, what's which is a good thing.
- 28:08Mhmm.
- 28:08It's forced us to collapse our our tariffs within our provinces
- 28:14Yeah.
- 28:14So to be more self sustaining.
- 28:16Right?
- 28:17And versus kind of our next door neighbor because we we were kinda too reliant.
- 28:22We were too reliant.
- 28:23So your your example of the tree is we became we came kinda like a moss and little things
- 28:28that surrounded it, but we we we weren't reciprocal and hence, you know, what's been
- 28:34happening.
- 28:35But I like that that symbiotic you know, it's like the golden golden rule.
- 28:39Right?
- 28:39Like, the three six nine.
- 28:40When you look at that and you really you know, sometimes, you know, when you're when I go for
- 28:44my walks and you're and you look at a a little flower.
- 28:46It's a wildflower, and you're like, there's a pattern here.
- 28:48Like, how does how does this wildflower that's somewhere in a bush that's that you that's
- 28:54sticking out because you see it and you look at it and you're there's natural laws around us.
- 28:59So I love the fact that you're talking about that.
- 29:02So, really, for for leaders listening, it's it's really you know, you know what I talk
- 29:07about, which is the ROR, which is return on relationships.
- 29:10And it's about awareness, which is what you're saying.
- 29:12Right?
- 29:12Like, you know, to go into that, to take this time, take the time with the cat when the
- 29:18caterpillar, like you said, stops and be reflective versus being reactive, which is what
- 29:23I often talk about is knowing your internal space as the human being that has been
- 29:29privileged to gain the ability to lead and what responsibility you need to take, first of all,
- 29:35for yourself, you know, so that you did in turn, you can impart it on others.
- 29:39But I think a lot of people, which is what happened, I think globally, but especially
- 29:43between Canada and US, there was a whole lot of massive reaction and fear, right, which is, you
- 29:51know, fear in conscious capitalism.
- 29:54What happens to where does fear fit in conscious capitalism?
- 29:58Fear is the balance between ego and eco.
- 30:03I knew you were gonna say that.
- 30:05Because ultimately, when you've well, Canada was extremely dependent on The United States
- 30:12market or that relationship.
- 30:14Now there's a movement saying, I don't want to be dependent anymore, I want to be independent.
- 30:21The risk of that to isolate yourself.
- 30:25So what you want to be is interdependent, so there's no one relationship that represents a
- 30:32huge amount of value or volume or the relationship, the space, because that can break
- 30:40you.
- 30:42Right, and I think I like that concept that with my business, those times you need to walk
- 30:50away from certain contracts because it may it may propel you to that 10 x or whatever, but
- 30:56you know that if you go down that route, there's certain things that you have to give
- 31:00away in reference to your initial meeting and purpose for your business, which is hard a lot
- 31:07of times for people because they say, here.
- 31:09Here's this big mammoth company that wants to deal with me.
- 31:13And but if they close-up shop and say, by the way, you know, Alexander Hutch, I don't think
- 31:17so anymore, then you're you're in trouble versus slowly.
- 31:21So Mhmm.
- 31:22Conscious capitalism may be that it's gonna it may take you longer Mhmm.
- 31:27To plant the trees, but you're gonna pick the right trees for the right environment with the
- 31:33roots and the things that will surround you that would sustain regardless if you go and we
- 31:39will go through things again in the world.
- 31:40But the next time around, hopefully, people learn so that they don't make the miss same
- 31:46mistakes.
- 31:47Yes.
- 31:48Mhmm.
- 31:49Wow.
- 31:49It it return on relationship is what nature does best.
- 31:57Mhmm.
- 31:58All the symbiosis.
- 31:59And biomimicry has actually taught us first that the structures nature built are better in
- 32:06shape, in everything.
- 32:08But the true benefit of studying biomimicry is understanding the exchange in those
- 32:15relationships between different species, different structures, different ecosystems,
- 32:21everything else.
- 32:22So that is what can teach us being less isolated or less thinking as a line, like that
- 32:31myopical view of we are a sequence of activities, but we are a whole ecosystem.
- 32:36What's around us actually affects us and we affect them, neighbors, competition, and how
- 32:44competition, sometimes we think competition is next door, competition is at the other side of
- 32:48the world, but it makes us better.
- 32:51Here's the thing, competition makes us better.
- 32:53Without competition, we don't have any need to improve.
- 32:58We might even decrease quality because I don't have to do anything, I sell it anyway.
- 33:05So everything is part of this whole thing.
- 33:08And if you look at the studies done at the Yellowstone, they actually took the wolves out
- 33:13of the Yellowstone because that was the biggest risk to humans, and the large animals came down
- 33:20to actually eat at the lower level and it just destroyed the whole balance in the ecosystem.
- 33:25They brought the wolves back.
- 33:27So deers went up higher in the mountain, so the trees and the bushes start growing again.
- 33:33Now you have bunnies and you have rabbits and then you have birds coming back and they have
- 33:37smaller fruits.
- 33:38So we rebalanced the ecosystem.
- 33:43If we are
- 33:44not so simple, Thomas, but why has the world been missing not all companies but you you'll
- 33:52hear people like Elon Musk everybody says you know he's a genius but you know his style is
- 34:01not like what we're talking about right?
- 34:03You know, so people say, look, there he's successful.
- 34:07All these bigger companies are successful.
- 34:10What do you what what what do we how do we approach that?
- 34:14Well, that's the wrong measure of success.
- 34:18You know, we have to think because just yesterday, I saw, you know, a conversation
- 34:22about the debris in space.
- 34:25There's so much debris in space and a small piece of metal at such a high speed, it's it
- 34:32could be stronger as than a bullet.
- 34:34It could hit another satellite, could bring so much stuff down, and it could actually impede
- 34:40us to to go elsewhere.
- 34:42So without any coordination of let's do this together, say, that's why we are
- 34:48interdependent.
- 34:49It's not only one company because everybody goes on their own and say, well, guys, let's
- 34:53get together and have a plan because we have so much debris out there.
- 34:57And that might put us in risk not being able to put more satellites up there.
- 35:03And now we don't have cell phone conversation anymore.
- 35:05We don't have weather maps anymore, forecast anymore, because we might lose that access.
- 35:12So we need to be smarter.
- 35:17Yeah.
- 35:17Not just work harder.
- 35:19That's why I say, you know, quality actually precedes the economical result in a sustainable
- 35:26manner.
- 35:27And I will go back to what Larry Fink said that we need to be he he he sends less met letters
- 35:36to CEOs of publicly traded company, and he changed from sustainability ESG to and
- 35:43pragmatism.
- 35:44We will only grow if we consume more energy.
- 35:48The question is what kind of energy and how we distribute the energy consumption evenly
- 35:56because that will actually help us continuously grow.
- 36:01So he just adjusted his, you know, message, not to create more conflict or, you know, and and
- 36:11if we think about capitalism, maybe we should stop talking about a new way of doing
- 36:15capitalism, but a new way of doing business because everybody knows we can do business
- 36:20differently, but we don't know how to tweak capitalism.
- 36:25Yeah.
- 36:25Right?
- 36:26So maybe what we should actually promote return on relation and a conscious business framework.
- 36:36So those are the things that will actually contribute with something I can't act on.
- 36:41Right.
- 36:42Anything else the system is a consequence again the quality of the system is determined by the
- 36:47quality of its components, businesses.
- 36:50If we change business, how they operate, if we change how we relate to each other to create
- 36:56value, our relationship will be much better.
- 37:00And if you do that from a systemic perspective, the micro to the micro, with every incremental
- 37:07tactical little decision.
- 37:09Like, how powerful would that be?
- 37:11Right?
- 37:11Like, I'm gonna change this widget, but now I'm gonna think, If Roxanne and Thomas work
- 37:16together and they're the frontline, but then they have to report to r and d, and then they
- 37:20have to go back to business and tell them the validity.
- 37:24And you're constantly doing that and you have everybody, regardless of their role, having
- 37:30that kind of hat on.
- 37:33Like how many things would you circumvent business wise you know, with the with the major
- 37:38cleanup in IL 9 because there's a disaster.
- 37:41You're you're gonna because then, again, you're you're asking all the people, whether, you
- 37:46know, your frontline, middle management, or senior management, to always think about how is
- 37:52my reciprocity of what I'm doing impacting the entire system all the time.
- 37:58Yes.
- 37:59Right?
- 37:59So how much more powerful can one little tactical decision or something huge, like, that
- 38:07would completely set the stage, like you said, for medium to longer term growth.
- 38:11Because now you're it's like having a little minions all in there, work it together, and
- 38:15figure it out.
- 38:16And then and then you're like, oh, we we did that before.
- 38:19You know?
- 38:19Roxanne Thomas figured that out before.
- 38:21That's the model that worked for them.
- 38:22Maybe that could you can look at it or you can iterate it, and then you can apply it, and you
- 38:27can then you can times by 10 because now you have all the metrics for all these little
- 38:32things that you've been continually putting it through the same kind of sieve, right?
- 38:37It sounds powerful.
- 38:40It is.
- 38:40And I will always go back to nature because nature is 10x.
- 38:46Since the beginning, you plant one corn, one seed of corn.
- 38:52How many other how many seeds you get?
- 38:54One soybean seed, how many you get?
- 38:57It's 10x, 100x.
- 39:01But it has a time, it has a cycle, it has it's not 10x tomorrow, 10x when I want it.
- 39:11It's 10x when the relationship is allowed to flourish.
- 39:16Because I invested the time, because a seed of corn will not grow on a rock.
- 39:23It needs to have the proper infrastructure, the proper space.
- 39:29So and when we come back to our side, from our business side, if we have a clear purpose and
- 39:36we make a decision, say, is this going to advance my intention, my purpose, my cause, or
- 39:43is this just a detour?
- 39:45It's just a short term fix.
- 39:47And when you measure your decisions based on purpose, you have a completely different
- 39:54journey because we need it's not abandoning key performance indicators, which are mostly
- 40:00economical, adding key purpose indicators.
- 40:04So understanding that KPIs are key purpose indicators and key performance indicators, is
- 40:10not one or the other, it's both, having both on hand and measuring the clear balance.
- 40:18I like the key purpose indicators, that so fits what I talk about.
- 40:24I love that term, I hope you've, if you picked it up somewhere or if you haven't, coin it.
- 40:30You and I have these conversations stuff comes out.
- 40:33I'm like, Oh, you got to coin that, Thomas, and make sure you put that out there.
- 40:38Well, has been amazing, amazing.
- 40:40I want you to speak directly to leaders now that are listening.
- 40:44And this year, there are some people that are doing it well, some people that are kind of
- 40:51muddling through, or people that are, you know, are excelling, but they want more.
- 40:55I want you to give them some words of wisdom to get us through this time.
- 41:00So I'll just give you the floor with that question.
- 41:03Thank you.
- 41:04My invitation is to look at people, how we would look at our kids with care, with love.
- 41:13You know, when Simon Sinek shares leader eat leaders eat less, that's what parents have done
- 41:22for centuries when there was not enough food for their kids.
- 41:28And this is not just an army or a military practice where we feed the soldiers before
- 41:35generals and high rank people.
- 41:39That's done from the origin of our tribes, our families.
- 41:45So the more we take care of those that come after us, the better care we will take of
- 41:54everything else.
- 41:55So people have to be the center of what we do in life.
- 42:01Absolutely.
- 42:03I love it.
- 42:03And it's so in alignment with what I work with leaders and their teams.
- 42:07Right?
- 42:08Like, you know, that space that you invest within yourself brings you the space where you
- 42:15can be the best version of yourself most often.
- 42:18And at times, you're you're off and to accept those blind spots or those slow spots like you
- 42:24said, to recognize that I need to do something different because it's coming from my best
- 42:30intention.
- 42:31Not, you know, I'm stressed or I'm scared or I'm coming from ego to your point, but I'm
- 42:36sitting in a space to say, okay, this is a little bit bigger than me.
- 42:39I need to go in my cocoon.
- 42:41I gotta think things through and come back, you know, even a bit more rested or things like
- 42:47that.
- 42:48So, Thomas, tell everybody about your business and what you're doing out there and to where
- 42:54people I'm sure you're gonna have people reaching out that will wanna know more.
- 42:57So share with them where they can get ahold of you and what you're doing out there in the
- 43:01world.
- 43:02We do a lot of inspirational talks.
- 43:05I think this is the first part.
- 43:07You have to inspire people with what you say, what you share.
- 43:10From there, we have significant number of educational program.
- 43:14The first most important one is the conscious capitalist consultant program or the conscious
- 43:19business growth adviser.
- 43:21It's how we grow our business in a different way now.
- 43:24So this is the message.
- 43:26And ultimately, we have also consulting work done, helping companies to actually exchange,
- 43:31evolve.
- 43:33Very you know, we we try to use internal teams as much as possible because we want that change
- 43:39to be part of the business and part of their natural culture.
- 43:45Right?
- 43:45So we inspire, we educate, and we upgrade.
- 43:48So that's our journey.
- 43:50We have people in 28 countries helping us.
- 43:53We collaborate.
- 43:54We work together.
- 43:56And, you know, we're here to get better businesses for a better world.
- 44:01And that's the last headaches I've done in Quebec.
- 44:05So My goodness.
- 44:06Wow.
- 44:06Amazing.
- 44:08So your website is it'll be in the show notes, but if you wouldn't mind letting
- 44:12people know.
- 44:13Website's cbjourney.com and best way to reach out is through LinkedIn.
- 44:19I think this is always a good connection.
- 44:22So we learn from each other right away.
- 44:24You know, have a lot of mentoring sessions as well with the leaders and, you know, with
- 44:28consultants, with people interested in actually developing this this practice as part of their
- 44:33practice.
- 44:33I say, switch practice.
- 44:35Just add this to what you do and upgrade the way you approach, the way you serve your
- 44:41community, your audience.
- 44:43Absolutely.
- 44:44Well, always fun speaking with you, Thomas, and spending time.
- 44:47So what I you know, when reflect on what we just talked about, the things that I'm taking
- 44:53away is ego, just watching your ego.
- 44:56Right?
- 44:57And if you go from that frame of the golden rule of nature and the example of the
- 45:03Yellowstone, right, try to leave the environment better than when you got there.
- 45:09And if you kind of consistently think about yourself as the leader, what is my role?
- 45:15And if my purpose is to bring something that much better to the world, how am I taking care
- 45:24of myself So I'm no longer doing the key performance indicators, but I'm I'm doing a
- 45:31hybrid of the key purpose with the key performance.
- 45:35And if you keep that in mind and you teach that ultimately to your teams, like Thomas does with
- 45:43conscious leadership, imagine what you will create out of that initial idea that you had
- 45:51about your business.
- 45:53You could literally see the evolution just in your mind because you know then it becomes
- 45:59millions and millions, I'm gonna say, of cells that are out there just by osmosis cross
- 46:05pollinating that original idea that you would have probably done for free because you loved
- 46:11what you do.
- 46:13So my challenge to you is to go out and do that, you know, to try to figure out what it
- 46:18takes to get a bit more conscious within yourself.
- 46:22And reach out to Thomas.
- 46:23And if you're interested on the psychological end to things about leadership and teams, the
- 46:28ROR course is starting in the fall.
- 46:31It's mostly fall, but I have a couple of spots with a couple of different cohorts right after
- 46:36that.
- 46:36So I'd love for you to reach out to me, and I'll give you the information further.
- 46:40Again, thank you so much, Thomas, for your time.
- 46:43And for everybody, grateful that you hang out with me every week.
- 46:46Take care.
- 46:47Talk to you soon.
- 46:48Bye bye.
- 46:57Thanks for tuning in to Authentic Living with Roxanne, creating the space for positive,
- 47:03healthy change.
- 47:04Roxanne is a keynote speaker, psychotherapist, and coach.
- 47:08To work with Roxanne, visit roxannederhaj.com/blueprint.
- 47:14We'll see you next time on Authentic Living with Roxanne.