who's got your back, by keith ferrazzi - excerpt

49

Upload: crown-publishing-group

Post on 07-Mar-2016

228 views

Category:

Documents


1 download

DESCRIPTION

Keith Ferrazzi, the internationally renowned thought leader, consultant, and bestselling author of Never Eat Alone, shows us that becoming a winner in any field of endeavor requires a trusted team of advisors who can offer guidance and help to hold us accountable to achieving our goals. In Who’s Got Your Back, he provides the roadmap you’ve been looking for to achieve the success you deserve.

TRANSCRIPT

Page 1: Who's Got Your Back, by Keith Ferrazzi - Excerpt
Page 2: Who's Got Your Back, by Keith Ferrazzi - Excerpt

More Acclaim for Who’s Got Your Back

“ Who’s Got Your Back is more than a ‘self-help’ book. It’s the first ‘let others help’ book. If you’re serious about your success, listen to Fer-razzi and build your support circle today.”

—Daniel H. Pink, author of A Whole New Mind

“ In a bleak time for business, Keith’s book is both a wake-up call and a cheerful reminder that you can beat the odds—with the right help.”

—Dr. Mehmet Oz, co-author of the #1 bestseller YOU: The Owner’s Manual, and host on the

Oprah & Friends XM Radio Show

“ I am not a big reader of self-help books, but this is refreshingly sim-ple. Not the simple found in clichés but the elegant simplicity and useful voice of experience.”

—Seth Waugh, CEO, Deutsche Bank, Americas

“ Ferrazzi does it again. Concrete advice with inspiring stories: a busi-ness book for everyone that goes far beyond just business.”

—Teresa M. Ressel, CEO, UBS Securities

“ Keith’s program isn’t about changing who you are. It’s about enlist-ing others to help you become the best you can be.”

—Dennis R. Glass, President and CEO, Lincoln Financial Group

“ Keith Ferrazzi has done it again. In Who’s Got Your Back, he provides brilliant insights to building your ‘dream team’ of trusted supporters that will ensure your success—through intimacy, vulnerability, can-dor, and accountability. It’s a must read!”

—Bill George, author of True North and former CEO of Medtronic

Ferr_9780385521338_4p_all_r1.indd 1 3/16/09 9:34:59 AM

Page 3: Who's Got Your Back, by Keith Ferrazzi - Excerpt

“ Keith Ferrazzi does for relationships what Tom Peters did for man-agement . . . he’s opened our eyes to a new reality that relationships are the key to success in business. Who’s Got Your Back will teach any-one, from job seekers to CEOs, how to quickly build the kinds of relationships that really make a difference in business.”

—Jack Canfield, co-author of The Success Principles and the Chicken Soup for the Soul series

“ Ferrazzi points out that a seismic shift is underway; we are moving from isolation and corporate silos to community and collaboration. This book is a road map for success in the new world, conveyed with emotion and wit.”

—Devin Wenig, CEO, Thomson Reuters Markets

“ Keith is at the forefront of understanding relationships as a technol-ogy for success. This book will grab you from the first page and shower you with ideas, provocations, and insights that make it worth more than the price of admission.”

—Seth Godin, author of Tribes

“ After reading Keith Ferrazzi’s Who’s Got Your Back, you will not only be inspired to make change happen in your life, but you will be able to make it stick!”

—Bill Novelli, CEO, AARP

“ If I’d had this book at the start of my career, I would have saved my-self 30 years of trial and error. If you are serious about your success, I strongly recommend that you read this book and build your sup-port circle today.”

—Marshall Goldsmith, author of What Got You Here Won’t Get You There, New York Times bestseller,

Wall Street Journal #1 business book

“ Get ready to read a book that will strengthen every one of your clos-est relationships. If you haven’t read Who’s Got Your Back, you’re at a competitive disadvantage.”

—Tom Rath, author of the bestseller StrengthsFinder 2.0

Ferr_9780385521338_4p_all_r1.indd 2 3/16/09 9:35:00 AM

Page 4: Who's Got Your Back, by Keith Ferrazzi - Excerpt

who’s got your back

the breakthrough program to build deep,

trusting relationships that create success—

and won’t let you fail

keith ferrazzi

broadway books

new york

Ferr_9780385521338_4p_all_r1.indd 3 3/16/09 9:35:00 AM

Page 5: Who's Got Your Back, by Keith Ferrazzi - Excerpt

Copyright © 2009 Keith Ferrazzi

All Rights Reserved

Published in the United States by Broadway Books, an imprint of The Crown Publishing Group, a division of Random House, Inc., New York.www.broadwaybusinessbooks.com

broadway books and its logo, a letter B bisected on the diagonal, are trademarks of Random House, Inc.

Book design by Tina Henderson

Cataloging-in-Publication Data is on file with the Library of Congress.

ISBN 978-0-385-52133-8

printed in the united states of america

10 9 8 7 6 5 4 3 2 1

First Edition

Ferr_9780385521338_4p_all_r1.indd 4 3/16/09 9:35:04 AM

www.BroadwayBooks.com

Page 7: Who's Got Your Back, by Keith Ferrazzi - Excerpt

contents

acknowledgments xiiiintroduction 1

SECTION ONE: who’s got your back 7

How lifeline relationships can change your life—as they did mine

Lose Weight, Get Rich, and Change the World 9Well Connected and All Alone 11Know Who You Are and Where You Belong 12Eureka! 15Why Do We Need Lifelines? 17Building My Own Inner Circle 22Four Ways Lifeline Relationships Will Help You 26Mentors and Lifelines 27Now Let’s Get Started 28

SECTION TWO: the four mind-sets 31

Creating a foundation for lifeline relationships

The Power of Intimacy 33It’s in Our DNA 34

Ferr_9780385521338_4p_all_r1.indd 7 3/16/09 9:35:04 AM

www.BroadwayBooks.com

Page 8: Who's Got Your Back, by Keith Ferrazzi - Excerpt

viii contents

The Consequences of Life Without a Tribe 35Ease Off the Brakes 40Getting Tribal: The Four Mind-Sets to Building

Lifeline Relationships 41Destination Safe Place 43

MINd-SET #1: generosity 46What Do I Have to Offer? 48Universal Currency 48Personal Currency 50Is My Currency Good Here? 52Now, Let Others Help You 54Give and Let Give 58Asking for Help: The Law of Attraction 60Give, Get, Repeat 63

MINd-SET #2: vulnerability 65Who Do You Like Better? 65Don’t Be a Coward—Have the Courage

to Be Vulnerable 66A Risk That Pays Dividends 67First, Build a Foundation 69“But Seriously, at Work?” Yes, Even at Work 72Trust Me 73The Eight Steps to Instant Intimacy 74

MINd-SET #3: candor 87The Value of Full Disclosure 89The Right and Wrong Ways to Be Candid at Work 90Let’s Get Candid 93Taking Candor to the Next Level 93Become the Straight Shooter 98Shoot Straight, but Never Shoot When Angry 99Pitfalls of Candor 100

Ferr_9780385521338_4p_all_r1.indd 8 3/16/09 9:35:04 AM

www.BroadwayBooks.com

Page 9: Who's Got Your Back, by Keith Ferrazzi - Excerpt

contents ix

MINd-SET #4: accountability 104At Long Last, Change! 105The Right Buddy, Not Just Anybody 108The Business of Accountability 114

SECTION THREE: building your dream team 121

Nine steps to creating the lifeline relationships that will help you get the advice and support you need to achieve your goals

Step One: articulate Your Vision 129

Step two: find Your Lifeline relationships 131Look Beyond Your Immediate Circle 132How Will You Know if the Other Person Has

Lifeline Potential? 141The 4 C’s 141The Team You Choose Will Change and Evolve 144Cleaning House 145

Step three: Practice the art of the Long Slow Dinner 148Act as If: Lifeline Role Playing 151Reach Out Far, Wide, and Constantly 151Try a Little Candor 152Are They Tough Enough to Hold You Accountable? 153One Last Thing 153

Step four: Broaden Your Goal-Setting Strategy 155The Nuances of Goal Setting 156Stretch Goals 159With Performance Goals, Failure Is an Impossibility 160Make Their Work Goals Your Goals 160Create a “Press Release” for Your Goals 162

Ferr_9780385521338_4p_all_r1.indd 9 3/16/09 9:35:04 AM

www.BroadwayBooks.com

Page 10: Who's Got Your Back, by Keith Ferrazzi - Excerpt

x contents

Step five: Create Your Personal Success Wheel 163Blend, Don’t Balance 164The Who Factor 167Do You Really Want It? Or Do You Merely Think

You Should Want It? 169Troubleshooting the Goal-Setting Process 170Mission Creep 171Belief Gap 171Skills Gap 171Third-Inning Slump 172

Step Six: Learn to fight! 173Sparring Ground Rules 175The Four R’s of Listening 183Getting Down to Sparring 185

Step Seven: Diagnose Your Weaknesses 188Just Pick One 195Pushing Past Our Limitations 203Know-It-All 205Remember That the Glass Can Be Half Full, Too 205

Step eight: Commit to improvement 210

Step Nine: fake it till You Make it—then Make it Stick 216Faking Your Way to Mutual Support 219When Things Go Wrong 222Troubleshooting the Four Mind-Sets 226Collaborate, Don’t Compromise 227

Ferr_9780385521338_4p_all_r1.indd 10 3/16/09 9:35:04 AM

www.BroadwayBooks.com

Page 11: Who's Got Your Back, by Keith Ferrazzi - Excerpt

contents xi

SECTION FOUR: make it your life 231

The tactics, strategies, and structures—from formal organizations to do-it-yourself peer groups—that help you stay the course

a Little Structure Goes a Long Way 233There Is a School for Every Fish in the Sea 238Taking the Loneliness Out of the

Entrepreneurial Journey 241Getting Stuff Done 243

Do it Yourself 246How to Conduct a Meeting 247Forming a Greenlight Group 250Recruiting 101 253The Recruiting Dos and Don’ts 254It’s Easy After the First Time 255Initiation Rites 256The Promises 257Greenlight Group Promises 257The Principles 258The Rules of Engagement 259Holding Each Member of the Group Accountable 260The Buddy System 261Spotlight Sessions 262Celebrate Conflict 263One Final Recommendation 265

transforming the Workplace 266Lifeline Relationships Within the Corporation:

What You’re Working Toward 268The Greenlight Method 269Make It Your Business 282Pay It Forward and Keep It Going 284

Ferr_9780385521338_4p_all_r1.indd 11 3/16/09 9:35:04 AM

www.BroadwayBooks.com

Page 12: Who's Got Your Back, by Keith Ferrazzi - Excerpt

xii contents

Never Sell alone (for Salespeople Only) 286A Road Map to Getting More “Team” in Team Selling 288How Can I Get Started? 291Communication Is Critical 295What Are the Common Pitfalls of Team Selling? 296The Rewards of Team Sales 298

coda: escape silo nation 299index 305

Ferr_9780385521338_4p_all_r1.indd 12 3/16/09 9:35:04 AM

www.BroadwayBooks.com

Page 13: Who's Got Your Back, by Keith Ferrazzi - Excerpt

acknowledgments

the simplest, most complete definition of a lifeline relationship is someone who will never let you fail. So many were lifelines for me

during the three-year process of writing of this book, and the results are the best argument for mutual support that I could ever make. I’m so proud of what we created together.

First, a deep thanks to the core team who helped me bring this book to life, listed in alphabetical order because each was critical to its completion: Max Alexander, Jim Mourey, Tahl Raz, Sara Grace Rimensnyder, and Peter Smith. Jim Mourey, aka Data, has been with the project since November 2007, when we plastered the walls of my house with giant Post-it sheets. He led the research effort and pro-vided tireless insight and support. Sara Grace helped me bring the manuscript home during the final six months, providing untold hours of writing, editing, and project management. Max Alexander put a great deal of tireless energy and effort into this project, over many months. Peter Smith dived in 24/7, and during the holidays; his combination of talent, good-heartedness, and generosity make him what could only be described as a true mensch. And finally, Tahl Raz deserves my utmost gratitude. He helped get this project started with his insight and butt-kicking criticism, and then helped me bring it home, in a tone and style that I consider poetry.

Ferr_9780385521338_4p_all_r1.indd 13 3/16/09 9:35:04 AM

www.BroadwayBooks.com

Page 14: Who's Got Your Back, by Keith Ferrazzi - Excerpt

xiv acknowledgments

To my intellectual lifelines, the core of the Greenlight Research Group—Mark Goulston, Morrie Shechtman, and of course, Data. Mark was up at the house for many of those initial sessions, and has been available to brainstorm and provide spot-on feedback every step of the way. Morrie brought candor to the forefront of my life at a very crucial moment; his work around Accountability Groups strengthened my belief in the power of workplace peer support and had an important impact on FG.

To Manlio Carrelli and Jeff Kaplan, who made invaluable IP contri-butions to the “Transforming the Workplace” and “Never Sell Alone” chapters, respectively. Finally, to the handful of talented writers who generously contributed their insight and art at several stages of the pro-cess: Brett Brune, Peter Carbonara, Lucas Conley, Vince Rause, Heather Schultz, Karen Watts, and Frank Wilkinson.

A deep bow to my tireless editor Roger Scholl at Random House, who did yeoman’s work on draft after draft, making every chapter sing, and without whom I may not have been a writer at all (it was Roger who called me up and suggested I write the book that would become Never Eat Alone); to Michael Palgon, my publisher, who stayed calm through every missed deadline; and to my friend and publishing men-tor Steve Rubin.

To Stan Lim, for his caring support and sacrifices, as well as his contributions to the jacket design; and to my mom and dad, for mak-ing everything and anything I wanted to achieve possible.

To Julie Ede, the den mother of my house and a dear friend. Julie, the angel of WGYB, provided sustenance (among a million other things) when I literally didn’t leave the seat I was in for hours and hours, over many days.

To Ray Gallo, Roel Hinojosa, Bob Kasunic, Gavin McKay, Tad Smith, and Fernando Trejo, the friends I turn to most quickly and in my most vulnerable states. These guys provide every level of practical and emotional support and accountability—lifelines to the fullest. Also on that list belongs my infallible accountability buddy, Dr. Rob Dirksen. Rob, let’s keep on running.

Ferr_9780385521338_4p_all_r1.indd 14 3/16/09 9:35:05 AM

www.BroadwayBooks.com

Page 15: Who's Got Your Back, by Keith Ferrazzi - Excerpt

acknowledgments xv

To my fellow travelers in peer support, leaders in the organizations and institutions who’ve helped us learn so much: Raphael Pastor of Vistage; Matthew Weiss and Matthew Stewart of Entrepreneurs Orga-nization; Bill Pepicello and Terri Bishop of the University of Phoenix; Jean Nidetch and Dave Kirchhoff of Weight Watchers; Bob Halperin and Daniel Schwartz of YPO; Bill George, author of True North, among many other great achievements; and Bill W., the founder of AA.

To Tony Robbins, whose friendship has had a major impact on my life; George Halvorson, whose research and intellectual spirit deserve their own book; to our friends at Facebook, including Matt Cohler, Jon Fougner, and Tim Kendall, who are providing the technology to connect us ever more closely; and to the Gallup Organization, which has done so much to advance the cause of deepening workplace rela-tionships. (Special thanks to Gallup CMO Larry Emond and partner Doug Stover, who was so quickly helpful when we needed it.)

To the dear friends whose stories have made this book live and breathe, with special acknowledgment to Lisa and Mehmet Oz, who have both inspired me and supported my work over the years. Lisa spent time with me that she didn’t have, to make the manuscript great—no wonder Mehmet’s so successful!

To John Reid-Dodick, Devin Wenig, and the team at Thomson Reuters Markets. I left our first meeting together giddy from our col-lective success and mutual inspiration, which set the tone for every-thing. I am thrilled by our work together, and I offer my sincere thanks for participating as a case study here.

To Roger Arnold, Mark Dean, Jason Owens, Nikki Sorum, and the entire crew at Thrivent Financial: Thank you for providing such an incredible model for team sales, and for being so truly committed. Without Jason’s coordination and insight into dozens of hours of in-terviews, there would be no “Never Sell Alone” chapter.

To the entire group who discussed and/or reviewed early outlines, chapters, and drafts—your generous input and help not only led the way to a “good book,” but also gave me the encouragement I needed to get across the finish line: Sherry Chris, Samantha Clemens (who

Ferr_9780385521338_4p_all_r1.indd 15 3/16/09 9:35:05 AM

www.BroadwayBooks.com

Page 16: Who's Got Your Back, by Keith Ferrazzi - Excerpt

xvi acknowledgments

was involved in multiple brainstorming sessions), Danielle Gaudio-Lalehzar, Vicki Halsey, Dwayne Landry, Monish Mansukhani, Glenn Richardson, Peter Roche (with special kudos for his insight), Teresa Ressel, Matt Sharrers, Guru Singh, Hilary Tetenbaum, Howard Tucker, Peter Winick (who went above and beyond by reading an entire draft almost overnight), Ian Ybarra, and Dave Zobel.

To my cousin Wendy Scalzitti, whose partnership success story gave me the strength of conviction that I was on the right track.

To my agents, Jay Mandel and Wayne Kabak at William Morris, who are absolute pros and have been so responsive during this entire process.

To Kevin Small, singularly the most brilliant individual I’ve ever met when it comes to understanding the future of the business of helping others, and how to manage it.

To those who participated in our Greenlight Group pilot at Big Task, with special thanks to Eric Hansen, whose courage to be candid and vulnerable elevated and set the tone for the entire group, and to Beth Comstock, whose role in the success of that day was critical.

To the lead Greenlight Community Ambassadors, whose enthu-siasm is launching a movement: Jorge Colón, Maxine Karchie, Sana Ahmed, Seb Bourcheix, Tami Conner, Kim Ann Curtain, Michael Dill, Hammad Khan, Robert Mees, Aurelie Penn, Gina Rudan, Scott Sonnon, and Kent Speakman.

To the many individuals whom I’ve been blessed to help and who’ve helped me more than you could know, especially Scott Bowen, Drew Pace, Guy Baruch, Noah Laracy, Robin Kimzey, and Joerg Floeck. I hope our work together has had as much of an impact on you as it has on me, and on this book.

To Mike Minasi, Ferrazzi Greenlight’s first client, who’s become a close friend along the way, proving once again that the best business relationships are personal.

To the past and present members of the Ferrazzi Greenlight team: Thanks for your patience, your talent, and for each of your individual contributions to who I am today. You all are the ultimate Greenlight

Ferr_9780385521338_4p_all_r1.indd 16 3/16/09 9:35:05 AM

www.BroadwayBooks.com

Page 17: Who's Got Your Back, by Keith Ferrazzi - Excerpt

acknowledgments xvii

Group, providing that safe place to make mistakes and to learn to-gether, as well as being the incubator and proving grounds for every-thing WGYB proposes. Special thanks to Jim Hannon and J. P. Kelly, for their sacrifices and contributions that made it possible for me to spend many hours writing that should have been spent focusing on FG; to my marketing director Love Streams for creating a dynamite campaign and tour for this book; to Chris Tuffli for bravely launching one of the first Greenlight Groups outside of FG; to Russ Brodmerkle for checking every quote; to Todd Goodrich for transcribing every interview; and to Fiona Kennedy, for her near-24/7 commitment to making me and Ferrazzi Greenlight successful.

And finally, to Peter Guber, Greg Seal, Bob Kerrigan, Bill Braun-stein, Doug Turk, and Bo Manning—my business lifelines whose game-changing guidance forms the spine of this book. Special thanks to Greg, who was willing to pound his fist on the table and be there for me as long as needed to help make Ferrazzi Greenlight what it is, and is becoming, and to Bo, my first boss, my mentor, and now my business partner.

I am eternally grateful for this incredible group who truly get me and care.

Ferr_9780385521338_4p_all_r1.indd 17 3/16/09 9:35:05 AM

www.BroadwayBooks.com

Page 18: Who's Got Your Back, by Keith Ferrazzi - Excerpt

introduction

A person is a person through other persons.—Archbishop Desmond Tutu

Back in my Singapore hotel room after a day of meetings and a dinner with my team, jet lag was kicking in. We were a globe-

trotting group of management consultants from Deloitte & Touche. The night before, I had slept on the plane from London, but even those amazing new horizontal seats in first class were no substitute for a real bed, and I practically dissolved into my mattress. I was just nodding off when I heard a rustle under my door. Ugh, a fax! Leave it till the morning, I thought.

But as the company’s chief marketing officer—and newest mem-ber of the firm’s executive committee—I wasn’t one to just leave any-thing. So I dragged myself out of bed, shuffled to the door, and tore open the envelope.

The fax was not from anybody at Deloitte. It was a job offer. From the other side of the world, I was being offered the position of CMO at Starwood Hotels, a relatively new company with its own audacious global ambitions. It was in so many ways a dream position for me. Starwood’s goal was to reinvent the stale hotel industry and create entirely new brands that would be recognized around the world, with a central global marketing division. For my part, I would be expected to transform and lead the slumbering (pun intended) hotel market-ing world as part of an energetic new team at Starwood.

Ferr_9780385521338_4p_all_r1.indd 1 3/16/09 9:35:05 AM

www.BroadwayBooks.com

Page 19: Who's Got Your Back, by Keith Ferrazzi - Excerpt

2 who’s got your back

I should have been thrilled—it was a substantial leap forward for me into the world of consumer marketing, with more upside and re-sponsibility—but instead, I was filled with angst. How could I leave the Deloitte guys, just when our work was beginning to pay off? I was the first CMO of the partnership and the first global marketer to have worked out successfully—mostly because I came from the operations side of the business and really knew the guts of what we did from the ground up, but also because I was new enough not to think the same old way. And I had a team who really wanted me to be a success. Deloitte was taking a fragmented set of country-specific consulting partnerships and consolidating them under one brand, much the way Starwood wanted to consolidate its hotels. It was a complex process that was yielding a big payoff. I knew it would be hard to replace me quickly—every able partner was stretched thin—which gave me more than a little guilt.

But there was a deeper voice causing that angst that I wasn’t lis-tening to, that I wasn’t conscious of until years later: As much as I believed the Deloitte team needed me, the truth was, I needed them. Had I known then what I know now, I would have recognized that sinking feeling I was experiencing as the fast erosion of my support network like sand under my feet.

Network—that was something I thought I understood pretty well. After all, the Starwood fax didn’t just blow under my door acciden-tally. It came as a result of my lifelong commitment to building a network of real relationships. I got the top marketing job at Deloitte by nurturing deep relationships with company executives (including CEO Pat Loconto) while I was still a student at Harvard Business School. The importance of reaching out to and connecting with others was a skill I had learned as a working-class kid in western Pennsylvania, where I caddied for the wealthy folks on the other side of town. I discovered that not only did they belong to the same coun-try clubs and social circles, but they all did business with one another. As I got to know many of them, I realized that anybody could join that “club,” as long as you cared about other people’s success rather

Ferr_9780385521338_4p_all_r1.indd 2 3/16/09 9:35:05 AM

www.BroadwayBooks.com

Page 20: Who's Got Your Back, by Keith Ferrazzi - Excerpt

introduction 3

than just your own. It was a skill that business schools and too many people overlooked.

In many people’s minds, I became Mr. Relationship, hooking up one group of people with another.

Given all of my connections, what was the big deal about leaving Deloitte for greener pastures? I was young, barely thirty, with my whole professional life ahead of me. Why wasn’t I ecstatic?

Of course, like many people faced with a job change, I knew I would miss my friends at Deloitte. But my emotions ran deeper than that. I was the new guy on a team of seasoned leaders charged with globalizing the company—a tight-knit group led by Pat and his right-hand man, Bob Kirk, along with other senior folks at the firm like Greg Seal, who had first hired me as a brash young summer intern (and kept me, several times, from getting my butt fired for my audacity). They all welcomed me as a protégé.

This wasn’t just a team that worked well together; it was a group that cared about and encouraged each other. They helped me grow during a formative time of my professional life. And I cared about them as well, and still do. We all trusted each other; our core values were almost perfectly aligned (even if our skills differed); there was nothing we couldn’t do, or say out loud. We raised our voices, traded opinions, shared ideas over long slow dinners, and took lots of chances and forgave each other often for our mistakes. I can’t remember a time when I felt unsafe. We were partners schlepping around the world—only it didn’t feel like schlepping. Instead, we were totally infused with excitement, optimism, energy, creativity, and hope. I would bound out of bed sometimes in the middle of the night to go into the office while it was still dark because it was such a thrill. These were more than just my colleagues—they were also my friends.

It wasn’t just that more heads were better than one. With no con-cern about stepping on toes or hurting someone’s feelings, we were able to let new ideas ricochet around the room like popcorn. Our commitment to candor was extraordinary. We debated passionately and called each other out on our mistakes. We motivated and inspired

Ferr_9780385521338_4p_all_r1.indd 3 3/16/09 9:35:05 AM

www.BroadwayBooks.com

Page 21: Who's Got Your Back, by Keith Ferrazzi - Excerpt

4 who’s got your back

each other, rather than embarrassing or shaming one another. And we held each other accountable, to make sure we stayed focused on our goals. We learned and shared an enormous amount in a safe en-vironment that allowed us to take risks and really grow.

There was nothing we couldn’t talk about in our group. So of course I turned to the guys for advice around what they thought I should do. Yep, I was willing to ask the CEO of our company if I should leave and take another job. We had that kind of team.

When we all gathered together in the lounge of our hotel the next night—one of those British colonial palaces with overstuffed leather couches that looked like they were straight off the cover of a Ralph Lauren catalog—I told them about the fax the previous evening. De-spite our camaraderie and the warmth of the surroundings, it was hard to get the words out. I try to remember that moment to this day whenever an employee of my own consulting firm, Ferrazzi Green-light, tells me he or she needs to move on to new opportunities. I try to think of it as a graduation, not a loss—like the time my able col-league Gavin McKay left to pursue his dream of opening a line of his own innovative fitness studios. He was the first “graduate” of Ferrazzi Greenlight.

What I needed from the Deloitte team was to tell me it was okay to graduate.

I certainly knew Pat would be disappointed. But he knew me well. “Starwood is a place where a great young marketer could really make a name for himself, Keith,” he said. And the others agreed. A couple of days later, as our plane landed in New York, I felt someone’s hand on my shoulder, waking me up. I assumed it was the flight attendant telling me to put my seat back up. But when I opened my eyes, I saw Pat resting on the edge of my seat.

“Keith,” he said, “one thing I want you to remember: Don’t ever look back. This is the right decision no matter what lies ahead. Just keep looking forward.” At that moment Pat might as well have been my dad, who had always told me, “Never look back, son. The worst thing is to look back and ask, ‘What if?’ ”

Ferr_9780385521338_4p_all_r1.indd 4 3/16/09 9:35:05 AM

www.BroadwayBooks.com

Page 22: Who's Got Your Back, by Keith Ferrazzi - Excerpt

introduction 5

I never again had the blessing of a boss like Pat, but I know such bosses are out there. When I meet great leaders like Jamie Dimon of JPMorgan Chase, Devin Wenig of Reuters, Bob Iger of Disney, Todd Lachman of Mars, Mark Jordahl of U.S. Bancorp’s wealth manage-ment group, or John Pepper, formerly of Procter & Gamble, I think how lucky their teams are to be working under someone who really understands what great leadership is all about. But as Pat said, keep looking forward . . .

So, thanks in large part to the advice of my support group and teammates at Deloitte, I left them behind.

As I write this I realize I didn’t do much to create that Camelot moment in my life; it happened around me. Sure, I did the right things to be open to it, but I never thought it was something that could be replicated. Over the years, as I became an entrepreneur and ran my own businesses, those days at Deloitte stuck in my mind as such a fleeting, serendipitous thing—the luck of the draw. At the time, I couldn’t really articulate why it was so special, or why it worked; it just felt exciting and emotionally and intellectually charged. I had been the poor kid from the sticks who managed to land in one prestigious school after another—feeling out of place everywhere I went. While I was excited about the new jobs I took, I longed to have that feeling of support and connectedness again. The one thing I took away from my experience at Deloitte was the incredible power of having a team of people guide me, encourage me, help me to be open and candid, hold me accountable, and allow me to achieve my full potential. I realized I wanted to find a way to create that experience again.

Ferr_9780385521338_4p_all_r1.indd 5 3/16/09 9:35:05 AM

www.BroadwayBooks.com

Page 23: Who's Got Your Back, by Keith Ferrazzi - Excerpt

SECTION ONE

who’s got your back

How lifeline relationships can change your life— as they did mine

Ferr_9780385521338_4p_all_r1.indd 7 3/16/09 9:35:05 AM

www.BroadwayBooks.com

Page 24: Who's Got Your Back, by Keith Ferrazzi - Excerpt

Lose Weight, Get rich, and Change the World

Maybe that sounds like the dubious title of some shameless self-help book, but it’s pretty much the most accurate way to describe the life of Jean Nidetch. Jean was a plus-sized housewife who enlisted her friends to help her stay on a diet. What she ultimately accomplished is remarkable. But how she accomplished it is something every single one of us needs to understand.

Jean was overweight. She was overweight as a child, she was over-weight in high school, and despite endless diet regimens, her waist-line kept expanding throughout her twenties and thirties. Eventually, this five-foot-seven-inch woman weighed 214 pounds, wore a size 44 dress, and fit the medical definition of “obese.” Jean tried diets and pills that promised to take off pounds, but she always gained back the weight she lost.

In 1961, at age thirty-eight, Jean started a diet sponsored by the New York City Department of Health. After ten weeks she was twenty pounds lighter, but starting to lose motivation. She realized that what she needed was someone to talk to for some support.

Her inspiration: Since she couldn’t get her pals to make the trek with her to Manhattan to sign up for the official health department regimen, she brought the “science” of the program to their living rooms in Queens. Jean and her friends would all lose weight together. Out of those first meetings grew Weight Watchers, today widely rec-ognized as one of the most effective weight-loss programs in the world. Nidetch’s idea was simple: Losing weight requires a combination of

Ferr_9780385521338_4p_all_r1.indd 9 3/16/09 9:35:05 AM

www.BroadwayBooks.com

Page 25: Who's Got Your Back, by Keith Ferrazzi - Excerpt

10 who’s got your back

dieting and peer support. She held weekly meetings with weight check-ins and goal setting to promote accountability, coupled with honest, supportive conversation about the struggles, setbacks, and victories of losing weight.

Eventually, Nidetch, who’d lost seventy-two pounds, rented office space and started leading groups all across New York City. In 1963 she incorporated. The company went public in 1968 and was sold to H. J. Heinz in 1978. (In 1999, Weight Watchers was again resold, to a unit of the company Artal Luxembourg.) As of 2007, Weight Watch-ers International had retail sales of over $4 billion from licensees and franchisees, membership fees, exercise programs, cookbooks, portion-controlled food products, and a magazine. Nidetch retired in 1984, leaving behind a legacy that has saved the lives of literally millions of men and women. As the company’s current CEO, Dave Kirchhoff, notes, “Though the science of weight loss has evolved over the years, the core of Jean’s program—support and accountability—has remained a constant.”

What’s so extraordinary about all that? Jean just wanted to get skinny, but through an inner circle of friends offering expertise, wisdom, honesty, and support she achieved far more than she ever imagined possible. Jean discovered what the great leaders and peak performers throughout history have always known: Exceptional achievement in work and life is a peer-to-peer collaborative process.

Behind every great leader, at the base of every great tale of suc-cess, you will find an indispensable circle of trusted advisors, men-tors, and colleagues. These groups come in all forms and sizes and can be found at every level and in nearly all spheres of both profes-sional and personal life, but what they all have in common is a unique kind of connection with each other that I’ve come to call lifeline rela-tionships.

These relationships are, quite literally, why some people succeed far more than others. In Who’s Got Your Back, I want to give you a practical guide to building an inner circle of lifeline relationships so you can do for your life what Jean Nidetch did for hers.

Ferr_9780385521338_4p_all_r1.indd 10 3/16/09 9:35:05 AM

www.BroadwayBooks.com

Page 26: Who's Got Your Back, by Keith Ferrazzi - Excerpt

section one: who’s got your back 11

Well Connected and all alone

Ten years after leaving the executive committee of Deloitte Consult-ing, I had been, at Starwood Hotels and Resorts, one of the youngest chief marketing officers in the Fortune 500. In 2003, my first book, Never Eat Alone, promoting the power of genuine relationships and generosity in our lives at work, had become a national bestseller. And from everything I heard back from readers and clients, the book was helping people change their lives for the better. I felt as if I was begin-ning to find my real purpose in life—helping others improve their careers and their companies. It felt so much more meaningful than putting “butts in beds,” as I would joke, as the chief marketing officer at Starwood. Shortly afterward I had fulfilled a lifelong dream by starting my own consulting and training company, Ferrazzi Green-light—or FG, as we called it. To the outside world, I seemed to have it all—success, money, recognition, well-paid speaking engagements, a stack of appreciative fan mail, and a professional and social network the size of a midsized metropolitan phone book.

On the surface, life was great. But beneath, everything wasn’t as it seemed. The fact is, in terms of where I wanted the company to be, my business was disappointing me. I was feeling overwhelmed and isolated. It felt as if I was at a pool party, surrounded by friends and acquaintances, but instead of mingling and passing drinks, I was alone in the deep end of the pool, struggling just to keep my head above water . . . and no one seemed to notice.

I realized that I was behaving like a mediocre manager. Too much of our client work required me to execute it personally. Although I’d hired a handful of skilled executives to help me build FG, I hadn’t prioritized the time to coach them to do what I do, or to figure out a business that didn’t involve me doing most of the legwork. When my colleagues tried to intervene and take the burden off my back, too often I was disappointed with the results. My solution: I put my head down and tried to bulldoze through my problems, taking on even

Ferr_9780385521338_4p_all_r1.indd 11 3/16/09 9:35:05 AM

www.BroadwayBooks.com

Page 27: Who's Got Your Back, by Keith Ferrazzi - Excerpt

12 who’s got your back

more, which caused me to neglect even more of the day-to-day man-agement of the company and spend even less time coaching my team. I was on the road constantly, an absentee CEO. Our work was more than just a job to me; it was a mission I believed passionately in. I believed in it so much that I couldn’t let go when I should have. So I was racing around the country like a crazy guy. And yet FG was turn-ing down business because I couldn’t do it all by myself.

It was an old behavior that I knew in my gut was tripping me up, yet I couldn’t see a pathway beyond it. It was a downward spiral.

People would tell me constantly that my energy level was conta-gious. But the fact is, drive and ambition can take you only so far. I was too busy getting on planes, meeting new or prospective clients, giving speeches, and grasping at every shiny new idea that came along, hop-ing the next one would somehow eclipse or fix all our problems.

How did it look to people around me—those people at the pool party, smiling and sipping their drinks while I was desperately tread-ing water in the deep end? Got me—I never bothered to ask them. I never talked about my problems or shouted out for help. The people I needed were within arm’s reach the whole time—but I couldn’t see it.

Most of my team just tried to do the best they could with a CEO who was missing in action. But the irony wasn’t lost on them: Keith Ferrazzi, the guy nicknamed “Mr. Relationship” by the media because of the success of Never Eat Alone and the size of my network, was fail-ing at managing the relationships in his own company.

So often we know something in our lives isn’t working, but we ignore what our gut is telling us and keep on doing it anyway. I only wish I’d had the courage to tell the people around me, “Guys, I need help. I’m drowning here.”

know Who You are and Where You Belong

At their essence, my problems weren’t just business problems. For so many of the daily and strategic issues that a company faces, I relied

Ferr_9780385521338_4p_all_r1.indd 12 3/16/09 9:35:05 AM

www.BroadwayBooks.com

Page 28: Who's Got Your Back, by Keith Ferrazzi - Excerpt

section one: who’s got your back 13

on the world-class network I had put together, using the insights and guidelines I described in Never Eat Alone. I could turn to any number of clients, lawyers, bankers, vendors, or board members in my net-work for specific advice. But the help they could give me was rele-gated to a call here or a coffee there—dribs and drabs. I didn’t have anyone in my life whom I could turn to at any time for a completely candid, no-holds-barred discussion of what was really going on in my life and my business. I hadn’t established the kind of close, deep relationships with a few key people who would do whatever it took to make sure I never failed, and for whom I would do the same. The kind of relationship I’d had with my team at Deloitte.

On one level, I had lost touch with a sense of my strengths and weaknesses. When that happens, we lose the power to manage our shortcomings, and the result is self-defeating behaviors. Overcoming them is about, ultimately, knowing thyself.

Look at it this way: Success is the ability to create the results in life we truly seek and not, say, just the amount of money you make. Peo-ple who have a clear picture of what makes them tick, who know their true inner motivations and priorities, simply don’t get in their own way. They can focus with energetic intention on their goals. It’s what allows ordinary people to live extraordinary lives.

Acquiring that knowledge is a journey with no single destina-tion—and yet somehow we all still get lost at times. When we do, we need the external perspective of a lifeline—an eye-opening kick in the butt.

For me that kick came from a friend of mine, Peter Guber, the film producer and former head of Sony Pictures. In the course of one incredible day, my life began to change.

I’d dropped by Peter’s home to offer some advice on a book he was thinking about writing. In his living room, surrounded by memora-bilia from Peter’s movies—the actual Batman suit from Batman, and the gleaming awards he’d brought home for producing such hits as Midnight Express and Rain Man—I was rattling away, giving him feedback on the book idea, when all of a sudden Peter sat back in the sofa and started to shake his head softly.

Ferr_9780385521338_4p_all_r1.indd 13 3/16/09 9:35:05 AM

www.BroadwayBooks.com

Page 29: Who's Got Your Back, by Keith Ferrazzi - Excerpt

14 who’s got your back

“Keith,” he said, “I think you need to consider being a little more elegant.”

I was dumbfounded. Elegant? Was my advice too direct? That was impossible with Peter. Elegant? Few words in the English language were more loaded for me. I instantly flashed back to the fancy private grade school that I’d attended as a kid on scholarship. My working-class parents in Latrobe, Pennsylvania, couldn’t afford the school uni-forms, so we had to buy them as hand-me-downs from the “nearly new” shop. I hated going into that store and would hide in the racks for fear I’d be discovered by a classmate—which of course I eventu-ally was. “Hey, Ferrazzi,” the kids would say, “whose name is written in your jacket today?” From my clothes to my “Pittsburgh-ese,” I was made painfully aware at an early age just how inelegant I was.

Peter noticed the expression on my face and shook his head affec-tionately. His smile reminded me we were friends and this was a man who cared about me, not some high school classmate out to give me a hard time.

“Keith . . . that look on your face. I’m not talking about your clothes or your poise,” he went on. “I’m talking about elegance of purpose and activity. Keith, elegance is the art of exerting the minimum amount of effort for the maximum effect, the maximum amount of power and achievement in our life. You work so hard, Keith. There’s nothing wrong with that, but I see you scramble constantly. I get e-mails from you at all hours. You’re among the smartest people I know, but you’re working so frenetically. With all that effort, and given your talents, you should be a lot further than you are now.”

He paused, looked me in the eye, and leaned his head in. “Keith, let’s walk through this together. Do you know where you’re

going and how your business is going to help you get there? Because it’s not clear to me. Can you say that your almost superhuman efforts are aligned and focused on whatever that place is?” Noticing my as-tonished expression, he added, “Keith—am I the first person ever to say this to you?”

I knew that Peter’s insight and wisdom were dead on. But no one

Ferr_9780385521338_4p_all_r1.indd 14 3/16/09 9:35:05 AM

www.BroadwayBooks.com

Page 30: Who's Got Your Back, by Keith Ferrazzi - Excerpt

section one: who’s got your back 15

had ever put it to me so directly. I also knew that Peter’s candor, while tough to swallow, was as strong a sign as any that he was invested in my welfare. It was as if he’d seen me flailing around in that pool and taken the time to toss out a rope.

For some reason, I felt completely safe and respected, hearing what Peter had to say—I wasn’t embarrassed or defensive, even with Batman staring me down from the corner. I was grateful, touched, and relieved. I’d spent most of my life trying to be so much for so many other people—I wasn’t good at admitting my weaknesses. Yet sitting here, alone with Peter, it was all so easy. He wasn’t implying I was weak. Just human. That I had strengths I wasn’t utilizing and behaviors I had to address.

eureka!

Peter made me realize that I needed help. I needed more support of the kind Peter was offering. There was no way I could get to where I knew I wanted to be and develop my full potential in my business without it. I didn’t have to be afraid to let my guard down, because there were already plenty of people around me who saw me for what I was and still respected and cared for me.

The truth is, I had plenty of relationships in my life. But I had few close, intimate relationships with people I could really open up to, share my fears and failures and goals and dreams with, and ask for help. I had started to think that because I was the boss and people looked to me as an expert, I was supposed to be the one with all the answers. But I didn’t always have them. The really powerful relation-ships I did have—my family, some intimate friends I’ve had for years—couldn’t deliver the kind of insight and feedback on my career and life that I most needed to hear. I needed people I trusted who understood my professional goals. I had those people in my life, too! I’d just never asked for their help. I was too afraid I would come across as weak or flawed; I was frankly embarrassed by some of my behaviors.

Ferr_9780385521338_4p_all_r1.indd 15 3/16/09 9:35:05 AM

www.BroadwayBooks.com

Page 31: Who's Got Your Back, by Keith Ferrazzi - Excerpt

16 who’s got your back

Why risk undermining other people’s perceptions of me by admitting my weaknesses? But inside I knew I was fooling myself if I thought they didn’t already see it for themselves.

Then it hit me. While I’d been anxiously trying to design a new road map to achieve my personal best, both I and my crack team of researchers and consultants at FG were already hard at work explor-ing ways to sustain behavioral change for all manner of companies. The answer that we had alighted upon was the power of peer-to-peer support, much like the support Peter Guber had offered me. It was a new and fascinating area of practice for FG, born out my own interest in the use of peer support in highly successful self-help programs like Weight Watchers (which helped my sister Karen) and Alcoholics Anonymous, a rich set of new psychological studies, and firsthand experience from people like Morrie Shechtman, a deeply insightful and wonderfully candid consultant, speaker, and author, and Dr. Mark Goulston, a hostage negotiator and the noted author of Get Out of Your Own Way. (In fact, both Morrie and Mark ultimately joined our research institute at FG.)

What if, we hypothesized, we could adapt the don’t-do-it-alone advice that is the bedrock of twelve-step programs, Weight Watchers, and faith-based support groups and apply it in the corporate envi-ronment? Leverage the same basic methodologies found in the most successful behavioral change programs in the world to keep organi-zations and employees focused on positive change and targeted goals? Empower people with the tools to help each other identify and resolve issues that held them back personally and professionally?

Eureka! It was a triumphant moment. FG had started facilitating peer-to-peer environments within

structured groups like sales forces and executive teams. The returns were measurable and almost immediate, not least in the renewed excitement of their people and the companywide commitment to develop new skills and improved behaviors. For our clients, these improvements were typically reflected in increased revenues within a couple of quarters. We were seeding companies with new tools

Ferr_9780385521338_4p_all_r1.indd 16 3/16/09 9:35:06 AM

www.BroadwayBooks.com

Page 32: Who's Got Your Back, by Keith Ferrazzi - Excerpt

section one: who’s got your back 17

and techniques, allowing their people to establish lifeline relation-ships with each other.

Peter Guber had helped me to see how alone I had made myself in trying to solve my problems as a manager and leader. And the work we were doing at FG had evolved into the blueprint to over-come it—to allow individuals to use the power of peer-to-peer sup-port from a few close, trusted advisors—to do more, faster, and with more fun, and to become more successful at what they did as a result. I could see that my personal and professional lives had never been more aligned.

I hoped to get more of Peter’s input and time. But I realized I also needed support and advice from more people like Peter, trusted people with whom I could establish lifeline relationships. I needed a few key people in my life who had my back, whom I could talk to about anything and who would encourage and support me, give me feedback and perspective, tell me the truth even when it was a truth I might not want to hear. People who would hold me accountable every step of the way. I had served in that role for others over the years; now I had to start letting others be that for me. I had to let others in more deeply.

Why Do We Need Lifelines?

Each one of us is a salesperson, leader, and entrepreneur, seeking answers. All of us work hard at our jobs and careers—and I include stay-at-home parents in this category. We’re all entrepreneurs of our own ideas, whether we own our own companies or work for someone else. We’re all leaders in our own lives—with our colleagues, with our employees, with our kids, and in our communities. Each one of us is a salesperson of ourselves and our opinions, if not of business prod-ucts and services. And most of us come up against personal and pro-fessional problems that are just too big to solve alone. If we want to be as successful as we know we can be, we need the help of others.

Ferr_9780385521338_4p_all_r1.indd 17 3/16/09 9:35:06 AM

www.BroadwayBooks.com

Page 33: Who's Got Your Back, by Keith Ferrazzi - Excerpt

18 who’s got your back

So whether you’re running a country, a business, or a household, you can’t know everything you need to know to be successful—no one can. We need the advice and feedback of people we trust. It’s why mothers instinctively reach out to other mothers for advice on schools and doctors. It’s why parents talk to other parents about schools, cur-riculums, student activities, social events, dating, teenagers, and the like. It’s why the most successful teams surpass each team member’s wildest individual dreams. It’s the reason presidents create “kitchen cabinets.” Reaching out to and connecting with others doesn’t show up on the syllabus of most business schools. But one day it will.

Here are eight things that are clear as day to me:

1. Life coaching, with its hazy self-helpish title, comes in for more than its fair share of ribbing in the media and elsewhere. But look past the snarky skepticism and you’ll find a nearly $3 billion mar-ket of executive, life, and career coaches. And it’s growing at a clip of 25 percent a year! A massive industry has emerged suddenly to fill a relationship vacuum. As a society, we’re crying out for more community, more help, more advice and support. As indi-viduals, we’re looking for lifeline relationships anywhere we can get them, even if we have to buy them. This is an issue that’s not going away.

2. Most organizations remain entrenched in the status quo. And the status quo is often a hierarchical structure where communication is downward, linear, and one-way, from management on down. But real, candid communication—communication that spawns open, honest relationships—is nearly impossible if based on such one-way communication.

Top-down directives might have been fine when employees were factory cogs and work was all about efficiency. But most of us no longer do cog-like work. In the information age, success is less about efficiency than effectiveness—that is, the ability to get the right things done, rather than just the ability to do things right.

Those who have a few close, deep relationships are able to

Ferr_9780385521338_4p_all_r1.indd 18 3/16/09 9:35:06 AM

www.BroadwayBooks.com

Page 34: Who's Got Your Back, by Keith Ferrazzi - Excerpt

section one: who’s got your back 19

get the feedback, perspective, and input that are the lifeblood of effective decision makers. The better you become at building such relationships, the better you’ll be at what you do, and the more value you’ll bring to the table, whether you work inside or outside an organization.

3. A seismic shift is now under way as passionate individuals, em-powered by technology, come together to form ad hoc “tribes” capable of tackling all manner of projects. The Internet has pro-vided the tools for sharing and cooperating on a global scale.

Everywhere you look, you can see people coming together around shared interests to work together, to make change, to take action. The potential to transform the workplace, society, and the economy is revolutionary. And those who’ll play the biggest part will be the ones with the skills and behaviors that I talk about in this book.

4. The Internet is an important tool, but it’s not the answer. There’s an explosion of new sites available to help connect people. Ning, Meetup, Twitter, LinkedIn, Facebook . . . the list is endless. There are now countless ways to coordinate and connect us, but “con-nections” are not lifelines. Online, we have more “friends” than ever, but we’re still damn lonely. In 1985, the average American had three people in whom to confide matters that were important to him, according to a 2006 study in the American Sociological Review. That number has now dropped to two. More than 25 per-cent of Americans admit they have no confidants at all.

5. Considering the vacuum of skilled, effective frontline manage-ment in companies today, executives, managers, and employees who are proactive in finding a team of advisors to help give them feedback and coaching, accountability, and support are the ones who will flourish in today’s challenging environment. They’ll also save their companies a lot of time and money by being more knowledgeable, perceptive, productive, and innovative. Lifelines are prepared to take risks and speak openly with each other, fuel-ing the creative interchange from which new ideas spring.

Ferr_9780385521338_4p_all_r1.indd 19 3/16/09 9:35:06 AM

www.BroadwayBooks.com

Page 35: Who's Got Your Back, by Keith Ferrazzi - Excerpt

20 who’s got your back

6. Most people want more out of work these days than just a pay-check. Heck, most of us want more out of life. Like no other time in history, people are taking the search for meaning in their work more seriously.

There is no easier or more effective way to gain that meaning in our jobs, and find work enjoyable again, than creating lifeline relationships. In his book Vital Friends, author Tom Rath cites re-search from the Gallup Organization that attests to the fact that people who have a best friend at work are seven times more likely to be engaged in their jobs. Yep—that’s seven times. Not only are these people more joyful and more apt to innovate, take risks, col-laborate, and share bold new ideas, but their customers are more engaged as well. In fact, if you have close friends at work whom you respect, your employee satisfaction level increases by 50 per-cent (you’re happier with your benefits as well as your paycheck).

And that happens to be good for your employer, too. A study of fifty-five high-performing global business teams at fifteen global firms conducted for a 2007 Harvard Business Review article, “Eight Ways to Build Collaborative Teams,” found that deep social bonds were the major predictor of team success. The other two? Formal initiatives to strengthen relationships, and leaders who invest the time to build strong relationships with their teams.

But companies spend little effort to promote these kinds of friendships and relationships as of yet. Every one of those com- panies, though, is a tribe waiting to happen, a group of people hungry to be transformed by a few lifeline relationships.

7. For business, an initiative is not common sense unless it makes dollars and cents. There are a handful of forward-thinking com-panies that formally encourage employees to establish lifeline re-lationships, as I’ll discuss later on. For the rest, their inattention has a price: According to a 2004 study by Deloitte Research (a group I actually kicked off when I was working there), the annual cost of worker disenchantment in the United States is a stunning $350 billion, and approaches half a trillion dollars globally. Amer-

Ferr_9780385521338_4p_all_r1.indd 20 3/16/09 9:35:06 AM

www.BroadwayBooks.com

Page 36: Who's Got Your Back, by Keith Ferrazzi - Excerpt

section one: who’s got your back 21

ican companies invest $50 billion annually in leadership training. A report published by the consulting firm Booz Allen Hamilton (now Booz & Company) pointedly summarizes the situation: Senior executives in every industry and every region lament their organizations’ inability to execute. As firms grow in scale and scope in a global environment of increasingly rigorous stakeholder de-mands, the cost of complexity necessarily rises and the capacity to align and adapt invariably diminishes.

In other words, as far as leadership training is concerned, the loss outstrips the investment seven to one. Which confirms my opinion that most leadership training completely misses its target. According to Tom Rath’s Vital Friends, only 18 percent of people work for organizations that provide opportunities for social bond-ing in the workplace. In fact, many companies actually forbid the practice. That’s why we designed a set of formalized rules to show how this can be done.

A few companies have created outright rules against employee “fraternizing.” But more firms unwittingly discourage teamwork and mutual support through misguided policies. But companies and individuals who reject mutual support are going against the grain of research—and pure common sense.

8. And finally, mama knows best! As I and my staff got deeper and deeper in our research on peer-to-peer support groups, we sud-denly started to see their imprint everywhere. From FDR’s and JFK’s kitchen cabinets to church basement support groups to the larger-than-life examples of successful bosses and their high-performing teams on the covers of national magazines, we saw groups helping to provide support and advice to improve the lives of others, every day.

I remembered my mother’s card club back in Latrobe. It was originally made up of eight women meeting regularly every month; for the past forty-three years they have shared their dreams for their families, their joys and struggles in their marriages, their frustration in making ends meet. When I called Mom to ask her

Ferr_9780385521338_4p_all_r1.indd 21 3/16/09 9:35:06 AM

www.BroadwayBooks.com

Page 37: Who's Got Your Back, by Keith Ferrazzi - Excerpt

22 who’s got your back

about her group, she told me they were just talking about how angry they were over the growing size of the empty space at the center of a roll of toilet paper—not exactly what I was expecting!

Of course, they did much more for each other than commis-erate over the price of paper goods. The ladies helped each other through cancer, heart disease, and the deaths of two members, “Aunt” Rita and “Aunt” Ruth, giving and receiving love and sup-port from each other around the card table. I can’t tell you how glad I am Mom has had such a group over the years, especially since my father passed away.

Building My Own inner Circle

Soon after Peter had applied his kick to my behind, I was eager to get feedback on how to turn my business, and my life, around. I decided to call Greg Seal, my old boss from Deloitte. For some reason, it just seemed fitting to reach out to Greg first. Though Greg’s nickname at Deloitte had been “the Hammer,” I felt safe reaching out to him and asking for help. Greg understood my general business, cared about me, and would be as happy to hear my voice as I was to hear his.

Greg lived a short flight away in San Francisco and was about to retire from Deloitte. I spent only a few years with Greg as my actual boss. But throughout my time at Deloitte, he was one of my strongest mentors. I also knew from experience that he would never candy-coat anything.

When Greg answered, I blurted out, “Greg, I need your help.” I was so nervous—after all, I didn’t want to lose Greg’s respect, admit-ting to the ways I felt I was falling short in my life. But I was even more afraid that if I didn’t get right to the point, I’d lose my nerve. “You know I’ve been building FG into what I hope will be a world-class consulting and training firm—basically the same thing you helped build and lead at Deloitte, but on a much smaller scale. And honestly, it’s been such a struggle, Greg. I’ve come to realize I’m not

Ferr_9780385521338_4p_all_r1.indd 22 3/16/09 9:35:06 AM

www.BroadwayBooks.com

Page 38: Who's Got Your Back, by Keith Ferrazzi - Excerpt

section one: who’s got your back 23

acting like a good manager. I’m not sure I’m even being a good leader. How can I be so good at helping advise others and be so bad at help-ing myself?”

We talked for maybe ten minutes, then Greg said what I expected him to say: “Keith, it sounds like we need to have a long slow dinner and a bottle of red wine.”

I couldn’t help but smile, as that was Greg’s solution for every important life decision that needed to be hashed out. He had taught me that everything, even business, always boils down to people and relationships, and those took time.

So Greg and I set a date. That wasn’t so bad, I thought when I hung up. I’d just told one of

the people I respected most, an early mentor I admired more than just about anyone in the world and whose respect meant the world to me, that I felt I was failing as an entrepreneur. Was it difficult for me to admit this to Greg? You bet. But I also felt in my gut that Greg, as always, would have my back.

Not long after that, I found myself at a dinner party talking with a man named Bob Kerrigan. During dinner, Bob mentioned that he’d read my book, and he began asking some fairly penetrating questions about me, my philosophy, and even my business—questions that might have come across as intrusive to some. But because of all that I was going through, I welcomed them. Bob had the same ability as Peter did to make a person feel completely at ease in about three seconds—or maybe I was finally ready to hear what other people were saying.

I was impressed by Bob’s directness—I hate small talk. Usually I’m the one driving such conversations, but this time I was the person in the passenger seat. It came as a relief, actually.

At one point, Bob even asked me about money—something he had plenty of (Bob has run a major financial services business for three decades). Me, I’d always made good money—I couldn’t recall a year when I hadn’t brought home plenty by anyone’s standards—but I’d always felt scared that the bottom would fall out someday and I’d be left without a safety net. Still, by burying my head in the sand,

Ferr_9780385521338_4p_all_r1.indd 23 3/16/09 9:35:06 AM

www.BroadwayBooks.com

Page 39: Who's Got Your Back, by Keith Ferrazzi - Excerpt

24 who’s got your back

I’d frittered away a lot of money over the years. I used to say that as long as the card went in and money came out, I was happy. I may have liked to think of myself as a disciplined guy, but clearly I wasn’t grasping the whole truth.

Our company finances were also a bit of a mess because I spent so little time attending to them. My accounting department back then consisted of one very bright but inexperienced guy whom I’d hired right out of college to be a combination personal assistant and office manager. We probably lost $100,000 in uncollected expenses alone our first year out thanks to my sloppy financial management! (Money issues, as I found out later, rarely “just” have to do with finances. In the end, money is all about self-worth and self-respect.)

Bob certainly knew that this kind of behavior was a sign of some-thing much deeper—and he gently began tugging at that thread. “How frequently do you look at your books, Keith?”

“I have someone in-house, my assistant, but that’s not working out so well,” I replied casually.

“Are you aware of your accounts receivable days outstanding? What is the total number? Are you on target to meet your plan? How closely do you watch your cash flow?”

This was dinner conversation? I literally laughed out loud. So many questions, so few answers. But for some reason, I didn’t

feel judged. Was I embarrassed? Sure, but I didn’t feel that Bob thought badly of me—he just wanted to help. Along with Peter and Greg, Bob was lowering a rope so I could grab on to it.

“Bob,” I said finally, “I cannot tell you how exciting this is to me. Thank you. I needed this. And I would love to talk more. Can we get together for lunch next weekend?”

“How about a nice long dinner this week?” Uncanny—he sounded exactly like Greg.

Bob and I met up as planned later that week and continued to meet at least once a month thereafter. Each time we met, he gave me homework, which I would take back to the office to discuss with my finance guys. Bob encouraged me to bring a full-time controller on

Ferr_9780385521338_4p_all_r1.indd 24 3/16/09 9:35:06 AM

www.BroadwayBooks.com

Page 40: Who's Got Your Back, by Keith Ferrazzi - Excerpt

section one: who’s got your back 25

board, which I did. As a result of our conversations, I buttoned up the ship that was FG. But naturally, our talks weren’t all about me. Each time we met, we discussed Bob’s life, his own dreams and challenges. I gave him homework, too, as well as ideas and perspective.

With Peter (at first a casual friend), Bob (a serendipitous encoun-ter), and Greg (a former boss and mentor), I now had three incredible lifeline relationships to guide me, encourage me, help me to be open and candid—three people who had offered to be generous with their time, hold me accountable, and help me to achieve my full potential. I had my own protective tribe keeping an eye on me—and me an eye on them.

We all tend to believe that such moments and those people come into our lives by chance, and rarely. But I assure you, they don’t have to be either haphazard or rare. As I’ve discovered, we can proactively create these transformative relationships and the positive life changes they lead to in our everyday lives and in the workplace. This kind of support can be yours tomorrow.

So what happened in my life as a result of this support? For starters, I tripled my company’s earnings in one year. We

quickly expanded this practice to our team at FG—from the entry-level associate all the way to the sales force and my senior team. I began to open myself up to my colleagues, tentatively at first, and then more boldly. Not only did I learn to delegate better and more often, but I brought in new senior management that allows my com-pany to have entire businesses that run without my involvement at all. I’m working less and earning more.

In response to the measurable results we were experiencing in our corporate work and within FG, we formed the Greenlight Research Institute, a think tank devoted to studying how better relationships in the workplace and among customers can lead to more sales, customer evangelism, higher employee engagement scores, lower turnover of key resources, measurable increases in productivity, and noticeable

Ferr_9780385521338_4p_all_r1.indd 25 3/16/09 9:35:06 AM

www.BroadwayBooks.com

Page 41: Who's Got Your Back, by Keith Ferrazzi - Excerpt

26 who’s got your back

innovation through more healthy risk taking—not to mention a more caring and connected leadership that has paved the way to a better work environment for everyone.

And the wins haven’t stopped for us, or for our clients and their people. The support of a close circle of friends and peers continues to define, enrich, and encourage my professional trajectory. I feel hap-pier and more fulfilled. I no longer panic or get angry over important decisions gone south. I’ve regained control of my life, both personally and professionally. I now go through my life with the help, support, and advice of a close group of advisors I trust, respect, and admire who are just a phone call or an office visit away.

Not surprisingly, my relationships with my staff have improved 250 percent. (I don’t know why I pulled that figure from the air; let me just say at last we’re the team I’d always hoped for.) Of course, this new environment doesn’t mean that conflicts and mishaps don’t hap-pen. They do. The difference is that now when they come to light they are remedied quickly, candidly, and as a team.

Today my office—we recently moved to a much bigger building, with plenty of room for growth—is a retreat for me, rather than being a source of concern.

Ferrazzi Greenlight is on its way to surpassing all my dreams.

four Ways Lifeline relationships Will help You

There’s a good chance that you’ve already experienced the power and potential of lifeline relationships at some point in your life. Imagine some of the attributes of the best bosses you’ve ever had—the kind of boss who encourages you, who gives you space to grow, who appreci-ates your efforts, who doesn’t micromanage but guides your develop-ment with wisdom, and who handles your slip-ups with firmness, understanding, and candor. Or think back to that good friend or family member who dropped everything to be there for you at a crit-ical juncture in your life and didn’t let you fail. Picture that associate

Ferr_9780385521338_4p_all_r1.indd 26 3/16/09 9:35:06 AM

www.BroadwayBooks.com

Page 42: Who's Got Your Back, by Keith Ferrazzi - Excerpt

section one: who’s got your back 27

you had at work who took a risk for you, and whose influence still touches you today.

If you’ve ever had an important person or group of people in your life who’ve shepherded you in the right direction—even if you’ve had just a taste of it—you know what I mean. And you can have more of that in your life—right now!

How will these relationships benefit you? Here are four ways I believe lifeline relationships are critical:

1. To help us identify what success truly means for us, including our long-term career plans.

2. To help us figure out the most robust plan possible to get there, through short-term goals and strategies that would tie us into knots if we tried to go it alone.

3. To help us identify what we need to stop doing to move forward in our lives. I’m referring to the things we all do that hold us back from achieving the success we deserve.

4. To have people around us committed to ensuring that we sustain change so that we can transform our lives from good to great.

Mentors and Lifelines

Although I believe mentors are essential to all successful individuals, there is an important distinction between mentors and lifeline rela-tionships. The mentored relationship is one, in essence, between master and apprentice. The mentor generously shares knowledge, contacts, and the full wisdom of his experience with an eager and deserving student. It’s certainly not a one-way relationship—there are many ways that the student gives back—but the balance of au-thority is heavily weighted toward the mentor.

A lifeline relationship is one between equals, between peers, between individuals who can be intellectual sparring partners and confidants.

Ferr_9780385521338_4p_all_r1.indd 27 3/16/09 9:35:06 AM

www.BroadwayBooks.com

Page 43: Who's Got Your Back, by Keith Ferrazzi - Excerpt

28 who’s got your back

Of course, no relationship is static. Remember me and Greg. Over time, as you grow personally and professionally, the best of your men-tors may often become lifelines.

Now Let’s Get Started

Are you at the top of your game? Are you looking for additional ad-vantage? Do you feel stuck or out of balance? Have you ever had the suspicion you were put on earth to accomplish something unique but you’re not sure what that is or how to get there? Despite your accom-plishments, do you sometimes find yourself stepping on your own shoelaces or getting in your own way? Are you ready to break through your own self-imposed glass ceiling? Do you feel alone in your pur-suits? Are your relationships as rich as they could be? Would a little more discipline help you? Wouldn’t it be terrific to have people who have your back and who’ll be there for you, in your career and in your personal life? Are you ready to move beyond mediocrity to ultimate success?

In this book, you’ll meet countless people who’ve found success thanks to the help and input of a close circle or group of advisors. The evidence of the power of such lifeline relationships is overwhelming. From small-town employees to businesspeople to entrepreneurs to individuals, millions of people around the globe have gotten help reaching their goals and overcoming their challenges through the power of others.

Let’s get something straight: The concept of reaching out to others for support isn’t about changing who you are. It’s about enlisting the help and advice of others to help you become who you can be. This kind of peer-to-peer support and feedback is the often unacknowl-edged key behind the achievements of so many of the high-performing people I come in contact with every day. I’m convinced it’s the secret behind each one of us achieving our full potential in our careers, our businesses, and our personal lives.

Ferr_9780385521338_4p_all_r1.indd 28 3/16/09 9:35:06 AM

www.BroadwayBooks.com

Page 44: Who's Got Your Back, by Keith Ferrazzi - Excerpt

section one: who’s got your back 29

All you need is three people to change your life for the better. That’s it—just three people. (Oh, and in all likelihood, they’re not the three people who probably just came to your mind!)

I’ll help you think strategically about the people you should want in your inner circle. Once you’ve established a safe place with a group of trusted advisors, you’ll find that you’ll start taking more risks, both individually and within your group, and in your company.

Here’s another guarantee: that you’ll be so emboldened by the success you’ll have in the early stages of this process that you’ll want to do even more. How can I integrate this more fully and formally into my life, and share it with others? you’ll ask yourself, whether within your company, your household, your extended family, your church, or your community. You’ll become, as I have, an ambassador for the Four Mind-Sets that make up the foundation of such relationships, as I’ll talk about shortly.

That’s what happened to me. My deepest hope is that I can help you achieve your dreams in life, too.

So whether you’re a doctor, an executive, a line manager, a self-employed artist, a full-time mom, or simply someone who wants to live his or her best life possible, I’ll show you how to create your very own Dream Team to help you bust through your own personal glass ceiling and start achieving the success and fulfillment we all were meant to enjoy.

Let’s all go forward—together.

Ferr_9780385521338_4p_all_r1.indd 29 3/16/09 9:35:06 AM

www.BroadwayBooks.com

Page 45: Who's Got Your Back, by Keith Ferrazzi - Excerpt

Ferr_9780385521338_4p_all_r1.indd 310 3/16/09 9:35:24 AM

www.BroadwayBooks.com

Page 46: Who's Got Your Back, by Keith Ferrazzi - Excerpt

Ferr_9780385521338_4p_all_r1.indd 311 3/16/09 9:35:27 AM

www.BroadwayBooks.com

Page 47: Who's Got Your Back, by Keith Ferrazzi - Excerpt

Ferr_9780385521338_4p_all_r1.indd 312 3/16/09 9:35:28 AM

www.BroadwayBooks.com

Page 48: Who's Got Your Back, by Keith Ferrazzi - Excerpt

Ferr_9780385521338_4p_all_r1.indd 313 3/16/09 9:35:35 AM

www.BroadwayBooks.com