Entrepreneurship Mindfulness in Business: The Science & Benefits Published 6 months ago on June 29, 2017 By The Asian Entrepreneur Authors & Contributors Share Tweet Mindfulness is non-judgemental present moment awareness. That means you’re not thinking about the past, you’re not thinking about the future, you’re 100% here-and-now. And rather than judging your experience as either good or bad you’re simply accepting it with curiosity. WHAT DOES MINDFULNESS DO FOR OUR BRAINS? Evolution has designed us to be miserable. Our ancestors survived to breed because they saw every potential threat as real; by running away from every rustle in the bushes they avoided being killed. Their brains evolved to cling to bad memories, anticipate worse in the future, and fear change and strangers. As a result our amygdalas, almond-sized parts of the brain, react more to negative than positive events, causing a “negativity bias“. Although many of us now live comparatively safe lives our brains still respond to everyday situations as though they mean life or death, noticing negative stimuli around five times more than positive and often interpreting neutral events as negative. The good news is through mindfulness we can rewire our brains, including reducing the amygdala’s overreactions. While once it was believed our brains were hard-wired by the time we reached adulthood, science has shown we continue to generate new brain cells throughout our lives. We can also modify the pathways signals follow within our brains and hence change our habitual ways of thinking. There’s a saying “cells that fire together wire together“. Simplistically put, when particular messages often travel through our brains those connections become stronger, like pathways worn into a grassy meadow, meaning we’re more likely to think that way in the future. This is how a repeated action like driving eventually becomes automatic. It also means we can either accidentally or deliberately embed patterns of thoughts and hence emotions and behaviour. Given evolution has programmed us to feel disproportionate fear and focus on negative memories we’re naturally set up to feel anxious about the future and sad or angry about the past. However on the upside we can consciously choose to use our brains differently, in particular by practicing mindfulness, creating more constructive habitual thought patterns and emotions. Meditation, one of the most common ways to practice mindfulness, has been demonstrated to increase activation of the anterior cingulate cortex (ACC). Activation of the ACC has a number of positive effects, including improving self-regulation and learning from past experience. In addition MRI scans of novices who undertook mindfulness meditation practices for 30 minutes a day over eight weeks showed “increased cortical density and thickness of the grey matter in the prefrontal cortex, the areas associated with empathy and compassion; and in the hippocampus, the brain area associated with learning and memory“. The increase in density is visible evidence these areas have become more active and effective. Anterior Cingulate Cortex (ACC) WHAT ARE SOME OF THE BUSINESS BENEFITS OF MINDFULNESS? Better decision-making and strategic flexibility Our evolution-imposed fear response encourages us to inappropriate knee-jerk responses. It narrows our perspective so we misinterpret situations and often miss the bigger picture. Meditation has been shown to promote improved problem-solving, with people more often choosing correct answers, learning from past experience, able to switch strategies when appropriate, and making less biased decisions. Increased productivity through improved focus, memory and concentration How much more effective could you be if you were able to maintain focus and concentration for longer periods of time? Heightened activity of the ACC helps you to resist distraction and keep you on-task, and undergoing mindfulness training only 4 times for 20 minutes per session has been shown to significantly improve memory and executive functioning. Improved relationships Meditation practices make it easier to add an all-important pause between stimulus and response. During that pause meditators are more often able to choose a constructive way to react to a situation. In addition practices such as loving-kindness meditation have been shown to provide many other benefits, including enhanced empathy and decreased bias towards others. All of these will help you to build stronger relationships with your stakeholders, better understanding and caring about their needs. Less stress and more resilience In today’s rapidly-changing business world our ability to thrive amidst the chaos is crucial. Mindfulness based stress reduction programs have been shown to reduce burnout and improve well-being. Reduced absenteeism and presenteeism In her latest book “Future Brain – The 12 Keys to Create Your High-Performance Brain“, Dr Jenny Brockis refers to studies on presenteeism, the loss of productivity when an employee is present but at reduced capacity due to illness, stress or other distractions. Mindfulness practice reduces both absenteeism and presenteeism, improving mental and physical health through lower levels of stress, better sleep patterns, and a heightened sense of happiness. As a result you are able to be at work more often, happily and productively. You’re also likely to live longer! Greater creativity Some business problems can best, or sometimes only, be solved by a shift in perspective which allows the problem to be seen in a novel way; these are known as “Insight” problems. Insight problem solving is enhanced by increased mindfulness, and Guided Reflection is designed to bring about these valuable perspective shifts. HOW TO PRACTICE MINDFULNESS The busyness of business encourages us to feel we don’t have time to think, never mind minutes to spare for practicing mindfulness. We rush from meeting to meeting then home to juggle commitments with family and friends. If we’re lucky we may occasionally squeeze in an hour of exercise or a full night’s sleep. All of this contributes to high levels of stress and burnout and reduced levels of work performance. However mindfulness practice can deliver benefits in as little as 10 minutes a day, an investment that pays for itself many times over. Meditation is the most common form of secular mindfulness practice, although other activities that keep returning the mind to the present moment can have similar effects. While practicing for longer will accelerate the benefits it’s the regularity that matters most. Practicing daily is ideal but it doesn’t matter if you miss a day occasionally. Many people prefer to practice when they first get up in the morning, often rising early while the rest of the household is still asleep. This sets the tone for the day and you’re less likely to nod off than if you practice in the evening when you’re tired. Some like to practice twice, finding an evening session improves their sleep. For your regular practice choose somewhere quiet and peaceful where you can be uninterrupted, ideally the same place every day, and set this place up with a comfortable place to sit. Your back should be upright but supported and relaxed, hands lightly rested in your lap, eyes either partially open but unfocused and looking downward or lightly closed. There are many different guides to mindfulness practice; feel free to search the internet for one you like. This site describes five of the more common practices, plus there are many apps available to keep you on the mindfulness journey, some of which I’ve listed in this previous post. In addition you can boost the benefits of your formal meditation sessions by seizing opportunities to meditate at other times, for example turning your attention to your breath while standing in a queue, waiting for an elevator or sitting at traffic lights. If you’re a complete beginner it can be very helpful to attend sessions led by an experienced guide, and even experienced meditators benefit from attending regular group meditation. Want to be happier and more effective in your work? Practice mindfulness and reap the benefits. __________________________________________________ About the Author This article was written by Fiona of threefold consulting. Related Topics:badbusinesscommonFocushealthinvestmentjourneylifeMindfulnessnewstravel Continue Reading You may like 10 Effective Funding Models for Non-Profit Startups Malcolm Tan, Founder of Gravitas Holdings Women on Top in Tech – Pam Weber, Chief Marketing Officer at 99Designs Renata Brkić William Chin, Founder of Mummy’s Market How We Can Innovate the Legal Industry like Elon Musk Callum Connects Malcolm Tan, Founder of Gravitas Holdings Published 1 day ago on December 15, 2017 By Callum Laing Malcolm Tan is an ICO/ITO and Cryptocurrency advisor. He sees this new era as similar to when the internet launched. What’s your story? I’m a lawyer entrepreneur who owns multiple businesses, and who is now stepping into the Initial Coin Offering/Initial Token Offering/Cryptocurrency space to be a thought leader, writer (How to ICO/ITO in Singapore – A Regulatory and Compliance Viewpoint on Initial Coin Offering and Initial Token Offering in Singapore), and advisor through Gravitas Holdings – an ICO Advisory company. We are also running our own ICO campaign called AEXON, and advising 2 other ICO’s on their projects. What excites you most about your industry? It is the start of a whole new paradigm, and it is like being at the start of the internet era all over again. We have a chance to influence and shape the industry over the next decade and beyond and lead the paradigm shift. What’s your connection to Asia? I’m Singaporean and most of my business revolves around the ASEAN region. Our new ICO advisory company specialises in Singaporean ICO’s and we are now building partnerships around the region as well. One of the core business offerings of our AEXON ICO/ITO is to open up co-working spaces around the region, with a target to open 25 outlets, and perhaps more thereafter. Favourite city in Asia for business and why? Singapore, since it is my hometown and most of my business contacts originate from or are located in Singapore. It is also a very open and easy place to do business. What’s the best piece of advice you ever received? Be careful of your clients – sometimes they can be your worst enemies. This is very true and you have to always be careful about whom you deal with. The closest people are the ones that you trust and sometimes they have other agendas or simply don’t tell you the truth or whole story and that can easily put one in a very disadvantageous position. Who inspires you? Leonardo Da Vinci as a polymath and genius and leader in many fields, and in today’s world, Elon Musk for being a polymath and risk taker and energetic business leader. What have you just learnt recently that blew you away? Early stage bitcoin investors would have made 1,000,000 times profit if they had held onto their bitcoins from the start to today – in the short space of 7 years. If you had your time again, what would you do differently? Seek out good partnerships and networks from day one, and use the power of the group to grow and do things together, instead of being bogged down by operations and going it alone from start. How do you unwind? I hardly have any time for relaxation right now. I used to have very intense hobbies, chess when I was younger, bridge, bowling, some online real time strategy games and poker. All mentally stimulating games and requiring focus – I did all these at competitive levels and participated in national and international tournaments, winning multiple trophies, medals and awards in most of these fields. Favourite Asian destination for relaxation? Why? Phuket – nature, resort life, beaches, good food and a vibrant crowd. Everyone in business should read this book: Rich Dad Poor Dad by Richard Kiyosaki Shameless plug for your business: Gravitas Holdings (Pte) Limited is the premier ICO Advisory company and we can do a full service for entrepreneurs, including legal and compliance, smart contracts and token creation, marketing and PR, and business advisory and white paper writing/planning. How can people connect with you? Write emails to [email protected], or [email protected] Twitter handle? @malcolmABM — This interview is part of the ‘Callum Connect’ series of more than 500 interviews Callum Laing is an entrepreneur and investor based in Singapore. He has previously started, built and sold half a dozen businesses and is now a Partner at Unity-Group Private Equity and Co-Founder of The Marketing Group PLC. He is the author two best selling books ‘Progressive Partnerships’ and ‘Agglomerate’. Connect with Callum here: twitter.com/laingcallum linkedin.com/in/callumlaing Download free copies of his books here: www.callumlaing.com Continue Reading Entrepreneurship Women on Top in Tech – Pam Weber, Chief Marketing Officer at 99Designs Published 2 days ago on December 14, 2017 By Marion Neubronner (Women on Top in Tech is a series about Women Founders, CEOs, and Leaders in technology. It aims to amplify and bring to the fore diversity in leadership in technology.) Pam Webber is Chief Marketing Officer at 99designs, where she heads up the global marketing team responsible for acquisition, through growth marketing and traditional marketing levers, and increasing lifetime value of customers. She is passionate about using data to derive customer insights and finding “aha moments” that impact strategic direction. Pam brings a host of first-hand startup marketing experiences as an e-commerce entrepreneur herself and as the first marketing leader for many fast-growing startups. Prior to joining 99designs, she founded weeDECOR, an e-commerce company selling custom wall decals for kids’ rooms. She also worked as an executive marketing consultant at notable startups including True&Co, an e-commerce startup specializing in women’s lingerie. Earlier in her career, Pam served in various business and marketing positions with eBay and its subsidiary, PayPal, Inc. A resident of San Francisco, Pam received her BA from the University of Pennsylvania and MBA from Harvard Business School. Pam is a notable guest speaker for Venture Beat, The Next Web, Lean Startup, and Growth Hacking Forum, as well as an industry expert regularly quoted in Inc., CIO, Business News Daily, CMSwire, Smart Hustle, DIY Marketer, and various podcast and radio shows. You can follow her on Twitter at @pamwebber_sf. What makes you do what you do? My dad always told me make sure you choose a job you like because you’ll be doing it for a long time. I took that advice to heart and as I explored various roles over my career, I always stopped to check whether I was happy going to work every day – or at least most days :). That has guided me to the career I have in marketing today. I’m genuinely excited to go to work every day. I get to create, to analyze, to see the impact of my work. It’s very fulfilling. How did you rise in the industry you are in? I had a penchant for numbers and it helped me stand out in my field. This penchant became even more powerful when the Internet and digital marketing started to explode. There was a great need for marketers whose skills could span both the creative and the analytic aspects of marketing. I capitalized on that growth by bringing unique insight to the companies I worked with, well-supported with thoughtful analysis. Why did you take on this role/start this startup? I’m not sure this is relevant to my situation as I had been a marketing leader in various start-ups and companies. I took on the role at 99designs because I was excited by the global reach of the brand and the opportunity the company had to own the online design space. I especially liked the team as I felt they were good at heart. The challenge I’ve faced in my time at 99designs is how do I evolve the team quickly and nimbly to address new challenges. The work we do now, is very different than the work we did a year ago and even the year before that. There is a fine line between staying focused on the goal ahead and being able to move quickly should that goal shift. Do you have a mentor that you look up to in your industry or did you look for one or how did that work? There is no one I’ve sought out or worked with over my entire career as my “mentee” needs have changed so much over the years. There are many people who have helped me along the way. For example, one of my peers at eBay, who was quite experienced and skilled in marketing strategy and creative execution, taught me what was in a marketing plan and how to evaluate marketing assets. As I have risen to leadership positions over the years, I often reach out to similarly experienced colleagues for advice on how they handle situations. How did you make a match if you and how did you end up being mentored by him? I learned early in my career that it rarely hurts to ask for advice. So that is what I have done. Additionally, there are people that are known to be quite helpful and build a reputation for giving back to others in advisory work. Michael Dearing, of Harrison Metal and ex-eBay, is one of those people. I, as well as countless others, have asked him for advice and guidance through the years and he does his best to oblige. Finding mentorship is about intuiting who in your universe might be willing and whether you are up for asking for help. That being said, generally, I have found, if you are eager to learn and be guided, people will respond to the outreach. Now as a leader how do you spot, develop, keep, grow and support your talent? I generally look for a good attitude and inherent “smarts”. A good attitude can encompass anything from being willing to take on many different types of challenges to working well amongst differing personalities and perspectives. Smarts can be seen through how well someone’s done in their “passion areas” (i.e. areas where they have a keen interest in pursuing). I try to hire those types of people because in smaller, fast-growing companies like many of the ones I’ve worked in, it’s more often than not about hiring flexible people as things move and change fast. Once those people are on my team, I try to keep them challenged and engaged by making sure they have varying responsibilities. If I can’t give them growth in their current job or in the current company, I encourage them to seek growth opportunities elsewhere. I’d rather have one of my stars leave for a better growth opportunity than keep them in a role where they might grow stale. Do you consciously or unconsciously support diversity and why? I consciously support diversity. When I am hiring, I am constantly thinking about how to balance the team with as broad a range as possible of skill sets, perspectives, etc. to ensure we can take on whatever is thrown at us, or whatever we want to go after. What is your take on what it takes to be a great leader in your industry and as a general rule of thumb? I’m going to assume a great leader in my industry to mean a marketing leader in a technology company. I think a great leader in this industry is not afraid to learn new tricks no matter their age – it’s the growth mindset you may have heard about. I have a friend who inspires me to do this – she purchased the Apple Watch as soon as it was available, and was one of the first people I knew to use the Nest heating/cooling system. She’s not an early adopter by most definitions, but she adopts the growth mindset. This is the mindset I, too, have sought to adopt. In my field of marketing, it most recently has meant learning about Growth Marketing and how to apply this methodology to enhance growth. Independent of your industry, I think a growth mindset serves you well. Advice for others? I have been at 99designs for 3.5 years. During that time we’ve invested in elevating the skills and quality of our designer community, we’ve rebranded to reflect this higher level of quality, and have improved the satisfaction of our customers. Our next phase of growth will come from better matching clients to the right designer and expanding the ability to work with a designer one-on-one. We have the best platform to find, collaborate, and pay professional designers who deliver high quality design at an affordable price, and it’s only going to get better. I’m excited to deliver on that vision. Pam Webber Chief Marketing Officer of 99designs Twitter: @pamwebber_sf Continue Reading Latest Popular Money1 day ago 10 Effective Funding Models for Non-Profit Startups Callum Connects1 day ago Malcolm Tan, Founder of Gravitas Holdings Entrepreneurship2 days ago Women on Top in Tech – Pam Weber, Chief Marketing Officer at 99Designs Investors2 days ago Renata Brkić Callum Connects2 days ago William Chin, Founder of Mummy’s Market Investors3 weeks ago Deborah MacArthur Callum Connects4 weeks ago Benjamin Kwan, Co-Founder of TravelClef Startups3 weeks ago Jack Ma’s Keys to Success Startups4 weeks ago What is Design Thinking, Really? 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