10 Commandments of the Dealmaker

From Childhood Actor to Dealmaker

Jeff B. Cohen’s story is compelling. The former child actor is best known for his role as “Chunk” in The Goonies. The Goonies debuted and quickly became a classic, but Jeff’s career took a different turn. Adolescence changed both his body and his career trajectory. Now, Jeff is one of the entertainment industry’s prominent transactional attorneys. He co-founded Cohen Gardner LLP and has been named by Variety to its Dealmakers Impact List.

 

“To avoid criticism, say nothing, do nothing, be nothing.” -Aristotle

 

Though you may read Jeff’s articles in numerous publications, it’s his book that grabbed my attention. The Dealmaker’s Ten Commandments: Ten Essential Tools for Business Forged in the Trenches of Hollywood is a must read for serious negotiators.

Think Chunk meets Machiavelli and you will have a sense of the enduring book he wrote on negotiating. Some are sure to disagree with his philosophy or approach. Some may not like his view of power. Still, the book is a powerful tool for negotiators because it shows a side of negotiating not usually taught in class.

Jeff recently spoke with me about his work, his life as a childhood actor, and his fascinating new book.

 

“He who angers you conquers you.” -Elizabeth Kenny

 

How Your Experience Can Affect Your View

Your story from childhood actor to co-founder of your own Beverly Hills-based law firm makes for great reading. Talk to us about how losing work as a teenage actor impacted your view of power.

Jeff B. CohenAs they say, the beauty of first love is our ignorance that it will ever end. Acting was my first love as a kid, and I was really broken up when I hit puberty and couldn’t get gigs anymore. Fortunately for me, in high school, I found my way to a book written by Niccolo Machiavelli in the early 16th Century called The Prince.

Machiavelli discussed the question “Is it better to be feared or loved?” He comes to the conclusion that it is better to be feared than loved because people fear you because they have to and love you because they want to. A prince can only rely on what he controls.

The book was a revelation to me, because as a performer being loved is your first priority. It showed me that as a business person I would have to view the world differently than I had.

 

“You must unlearn what you have learned.” -Yoda

How Leading From the Heart Will Change Your Organization

From the Heart

Think about the leaders you respect and admire. Chances are they distinguished themselves because they led with and from the heart. Heart-led leadership is the subject of Tommy Spaulding’s new book The Heart-Led Leader: How Living and Leading from the Heart Will Change Your Organization and Your Life. Tommy is the founder of Spaulding Companies, a leadership-development consulting firm based in Denver. He previously wrote It’s Not Just Who You Know. After reading and thoroughly enjoying his books, I had the opportunity to ask him some questions about his work in this area.

 

“Success is about building hearts, not resumes.” -Tommy Spaulding

 

How Heart-Led Leaders Are Different

What distinguishes a heart-led leader?

A heart-led leader serves others. They epitomize servant leadership. They are humble. They are genuine and sincere. They are transparent and vulnerable. They measure success not just on spreadsheets but on the amount of impact they (and their organizations) have on others. They believe love and results are two sides of the same coin.

Why do heart-led leaders produce better results?

For years we looked at servant leadership as a worthy leadership style that is beneficial to organizational culture but not necessarily tied to bottom-line results. Heart-Led Leaders are obsessed with achieving bottom-line results. But they also believe that love and results are two sides of the same coin. They believe that if they love what they do and who they do it for, it is hard not to produce extraordinary results.

Are you born a heart-led leader or are you able to acquire the characteristics over time?

This is a century old argument – are leaders born or are they made? I have always believed that although we may be born with certain characteristics and qualities, true heart-led leadership is a learned trait – just as one would learn how to ride a bike. If one chooses to become a heart-led leader, he or she can become one. But the 18-Inch Journey to become a Heart-Led Leader is a difficult one.

 

“Heart-led leaders have the self awareness to understand who they are.” -Tommy Spaulding

 

18 Principles of the Heart-Led Leader

You make the point that there are 18 inches between the head and the heart, and then provide 18 leadership principles to support the difference. Would you talk about one or two of these that stand out and why they are so important?

The Heart Led Leader The Heart Led Leader

I believe the journey to heart-led leadership is the 18-inches between your head and your heart. In my book, The Heart-Led Leader, I list 18 traits that I believe one must possess to become a heart-led leader—traits such a humility, passion, love, authenticity and vulnerability, etc. I think 21st century leaders must possess these qualities to be truly successful – to create impact, change and bottom-line results.

As an Eagle Scout myself, I was pulled into your personal example about when you wanted to be named Outstanding Scout. Would you share that story and what you learned about character?

Character is one of the 18-inches (traits) of heart-led leadership. I first learned of the importance of character at Boy Scout camp when I was a kid. The scout masters chose one scout at the end of summer camp that was awarded the “Most Outstanding Scout” award. It was the highest honor given to the one scout who demonstrated great leadership qualities. I wanted to win this award more than anything. That week during scout camp I worked harder than any of the other scouts. I got up early. I volunteered for everything. I earned more merit badges, and did whatever the scout masters asked of me.

At the end of the scout camp we had a huge camp fire celebration. And at the end of the evening the scout masters awarded the “Most Outstanding Scout” award. I was certain that I would win the award. I nearly started to stand up before they announced my name.

Lead INSIDE the Box for Efficiency and Effectiveness

How Leaders Can Be More Efficient and Effective

Last year, I was reading the dramatic account of a hard-charging executive who suffered a heart attack. The post was about the need for balance, but it was more than a wake-up call.  What struck me about this post, however, was not the lessons he taught us from his painful experience, not the, “Oh, I hope this doesn’t happen to me” feeling we have when reading these posts, but the name of the hospital he went to. It was here in Dublin, Ohio!

 

“A leader’s job is to help people move to a position of improved performance.” –Figliuolo / Prince

 

That meant that one of the people who regularly shares my posts and vice versa lived in my town. Social media amazes me. A quickly dashed off email and the two of us found ourselves in Starbucks where I heard more about his compelling story. I’m still amazed at how Twitter and blogging create opportunities like this one.

 

“Great leaders think about talent management every day.”–Figliuolo/Prince

 

Lead INSIDE the Box

20141017 LItB Cover V3Let me introduce you to Mike Figliuolo. Mike is the founder of thoughtLEADERS, LLC, a leadership development firm. He is also the author of One Piece of Paper: The Simple Approach to Powerful, Personal Leadership. His latest book was just released and was co-written with Victor Prince, former COO of the Consumer Financial Protection Bureau and now a strategy consultant.

We recently got together to talk about this book, Lead Inside the Box: How Smart Leaders Guide Their Teams to Exceptional Results.

Mike and Victor have built a powerful framework designed to help leaders be more efficient and more effective at the same time. It starts with the recognition that we, as leaders, are often overworked and not as effective as we could be.

  • Where am I spending my time?
  • With whom?
  • Am I treating each person the same when different approaches would create better results?

 

“Your leadership success hinges upon your ability to get people to perform well.” –Figliuolo/Prince

 

If I understand the “box” and apply the techniques correctly, I can be more proactive, more thoughtful, and more impactful with my team members.

20150410 Leadership Matrix

How Much Time Do You Spend Doing Shadow Work?

Time, Money and Productivity

 

How do you feel about bagging your own groceries?

You do put the grocery cart back in the parking lot, right?

Pump your own gas?

Do you book your own travel?

 

I do all of this. And I never gave it a moment’s thought. That is until I read Craig Lambert’s new book Shadow WorkThe Unpaid, Unseen Jobs That Fill Your Day. Businesses have somehow shifted the model, moving work from them to us without us even knowing. How this happened and its implications are fascinating.

I spoke with Craig about his observations about the fascinating world of what he calls “shadow work.” Craig served as a staff writer and editor at Harvard Magazine for more than two decades.

Are You Unknowingly Working for Someone Else?

 

Define this new term for us: shadow work.

Copyright Jim Harrison; Used by Permission Copyright Jim Harrison; Used by Permission

Shadow work includes all the unpaid jobs we do on behalf of businesses and organizations.
Once you define it and explain, it seems so obvious. It makes a light bulb come on. What made you aware of this concept and decide to write about it?

One night while waiting in line to check out at the supermarket, I noticed an attorney I knew slightly, about twenty feet away. She was a senior partner in a downtown firm, definitely earning a big paycheck—well into the six figures. Yet there she was, scanning and bagging groceries. She was doing this at a self-serve checkout, for her own groceries, of course. Yet she was still doing an entry-level job, one that pays around the minimum wage. And she wasn’t even getting the minimum wage; she was getting nothing at all, working for free. This was the first instance I’d noticed of what I’ve come to call “middle-class serfdom.”

I started thinking about other places where the consumer is working for free, often doing jobs that used to be done by a paid employee. I realized that there are many examples of this, most of which have appeared in recent decades. And that the phenomenon is growing. I started to see that there was a broad social trend afoot, and that “shadow work” was an apt name for it.

 

Shadow work is the unpaid work we do for businesses.

Make Today One of Intense Purpose and Lasting Influence

What Will Your Legacy Be?

It’s graduation time. As students receive their diplomas, they look forward to the next milestone, the next development, the next opportunity. As they walk across the stage, I bet most of them don’t think about how many days they have been on Earth and how many days they have left.

Robert D Smith, known as “the Robert D” reminds me of the gift of time. His book 20,000 Days and Counting: The Crash Course for Mastering Your Life Right Now is one I give away to graduates. He shares practical reminders of how to master your life and succeed.20K Simple Truths 3D Left

Understanding your purpose, living each day to its fullest, becoming as productive as possible, and mastering your life are critical to a successful life and yet most of us are so busy with today’s tasks we don’t stop and reflect.

In 20,000 Days, you will find a compelling reminder of the value of time. It’s not a long book, and the message is simple, but profound. A few of the lessons I took away:

  • Eat dessert first.
  • Think of today as your last day and also your first day.
  • Do the thing you’ve been putting off.
  • Invite a close friend to dinner.
  • Go outside and breathe deeply.
  • Read the book you’ve been meaning to pick up.
  • Create a life statement.

 

QUOTES

And some of my favorite quotes:

 

“Winning is defined by the legacy you create.” @TheRobertD

 

“My motivating force: I know I will die, but I do not know how long I will live.” @TheRobertD

 

“I must govern the clock, not be governed by it.” –Golda Meir

 

“No reserves. No retreats. No regrets.” –William Borden