Jay Coughlan, former CEO of Lawson Software, took the company public at $200 million and grew the revenue to $430 million. Besides CEO of Lawson Software, he is also known for other titles including former CEO of XRS Corporation, a father, a son, and a convicted felon. After a devastating accident, Jay spent time in jail and completely redefined his life.
If you listen, you will learn:
The five bold choices to help you rise above your circumstances and redefine who you are
How not to live “comfortably numb”
How eliminating negative self-talk will make you more confident
A quick three question debrief exercise to help turn failure into a learning opportunity
The importance of knowing and performing activities that give you energy
How to apply the five bold choices to your business and take some action
The Accident
Back in 1998, Jay and his father went out to a local hunt club and then a bar afterward. Jay drove drunk and ended up hitting at train at 60mph. Jay was devastated when he woke up in the hospital to find out that his father did not survive the accident. Before even leaving the hospital, Jay found faith. After receiving forgiveness from God and eventually from his entire family, he decided he wouldn’t let this low point in his life define who he was. He was a convicted felon and went on to serve a 6-month jail sentence but wasn’t going to be a victim of his circumstances.
5 Bold Choices
“Life is going to throw all of us a bunch of opportunities and a bunch of challenges. Those opportunities and challenges are going to demand a response,” says Jay.
Jay’s response to his circumstance was to rise above and make choices that would help him be defined by something else, something better. He was being asked at speaking events how exactly he was able to do this which he describes in his book, “Five Bold Choices: Rise Above Your Circumstances and Redefine Your Life.” Jay created his current company, TruBalanced, and now consults business leaders and speaks at many events using these lessons he learned in his past and choices he made for his future.
The five things, in addition to faith, that was driving Jay are listed below. He goes into these five things much more in depth in the podcast:
Clarity: Keep the important things important
Accountability: Take responsibility for your life journey
Adaptability: Anticipating changes ensures growth
Confidence: Keeping things in proper perspective
Balance: Life is a marathon, not a sprint
Applying to Your Business
You can apply the five bold choices to your business and be able to take action:
Clarity: Business owners must have the clarity of knowing what is important, what is urgent, and what is not. Prioritizing is key. You can’t do everything.
Accountability: There is a motivation in your accountability to do things with your family in addition to your business. The main thing about accountability is it’s about continuous learning. You have to learn from both your successes and failures.
Adaptability: You must embrace change. “You need to embrace the ability to adapt versus fight it,” says Jay. If you are not thinking about where your company may go or even your “Life After Business,” you are not thinking through the realities of what is going to impact you and your family on an ongoing basis. If you don’t adapt, you