Think Like an Owner
Think like an owner / Alex Sherman

Think Like an Owner

The Ownership Delusion

Let's cut to the chase: you're probably deluding yourself.?

Yes, you. The one sipping overpriced coffee, pretending to look busy while secretly planning your escape from cubicle purgatory.

You think you're just another cog in the corporate machine, right? A mere pawn in the grand chess game of capitalism? Well, buckle up, buttercup, because I'm about to shatter that illusion faster than your last New Year's resolution.

See, we've been fed this romanticized notion of the lone wolf entrepreneur, toiling away in a garage to build the next world-conquering startup. But the truth is, even the most iconic "solo" founders had support systems, co-founders, and early employees who were crucial to their success.

Steve Jobs had Wozniak. Zuckerberg had his college roommates. Bezos had... well, his wife and a garage, but you get the point. The idea of the solitary genius founder is more myth than reality.

So if the titans of industry can't do it alone, what chance do you have, trapped in the fluorescent-lit trenches of corporate America? The answer, my friend, lies in a radical shift in mindset: Thinking like an owner.

Wake Up and Smell the Responsibility

Here's the cold, hard truth: whether you're the CEO or the intern who still can't figure out the copier, you're an owner. No, I haven't been hitting the office happy hour early. I'm talking about mindset, people!

Thinking like an owner isn't about stock options or corner offices. It's about taking control of your career, your company, and yes, even that temperamental vending machine that ate your last dollar.

It's about embracing the responsibility, the challenges, and yes, even the occasional headache that comes with being in charge. Because at the end of the day, the only person truly responsible for your success is you. (Well, you and whatever higher power you believe in, be it God, the universe, or the magical career fairy. Hey, I don't judge.)

The 'Not My Job' Epidemic

We've all heard (or said) these gems:

  • That's above my pay grade
  • I'm just following protocol
  • I don't get paid enough for this

Congratulations! You've just won a one-way ticket to Mediocrityville. Population: Growing way too fast.

This attitude is costing businesses more than a round of drinks at a Silicon Valley networking event. And trust me, those techies can drink.

Think about it: when employees adopt a "not my problem" mindset, it creates silos, inefficiencies, and a general lack of accountability. Projects stall, customers get frustrated, and the whole company suffers.

But when people start thinking like owners, suddenly everything becomes their problem. They take initiative, solve problems, and become invested in the success of the organization. It's a subtle shift in perspective that can have a massive impact on the bottom line.

The Sherman Doctrine

Time for some tough love, Sherman style:

1. Think Long-Term

???Short-term thinking is like fast food – quick, easy, and leaves you feeling queasy later. Owners know that real success takes time, patience, and a willingness to delay gratification.

2. Create Value, Don't Just Cut Costs

???Any fool with scissors can cut. It takes brains to build. Owners don't just focus on efficiency; they invest in long-term value creation, even if it means sacrificing short-term profits.

3. Take Smart Risks

???No risk, no reward. But maybe don't bet the farm on your artisanal pickle business idea. Owners understand that calculated risks are the lifeblood of innovation. They do their homework, weigh the pros and cons, and then have the courage to take the leap.

4. Own Your Mistakes

???The buck stops with you. Even if that buck is currently being used as a bookmark in the company manual no one reads. Owners don't make excuses or point fingers; they take responsibility for their actions and use setbacks as opportunities to learn and grow.

From Drone to Owner: A Metamorphosis

"But Alex," you whine, "I'm not the boss!"

Newsflash: You don't need a fancy title to think like an owner. In fact, some of the most valuable contributors in any organization are the ones who adopt an ownership mindset, regardless of their official role.

Here's how to upgrade your mindset from cubicle drone to ownership superhero:

1. Guard the Cash

Treat company money like it's yours. Because in a way, it is. (No, this doesn't mean embezzlement. Put that offshore account brochure down.)

When you approach expenses with the same scrutiny you would your own personal finances, you start making decisions that prioritize long-term sustainability over short-term gratification. That "team-building" trip to Vegas? Maybe not the best use of the company's hard-earned dollars.

2. Be a Problem Solver

Don't just point out issues. Fix them. Be the solution, not the complaint department.

Owners don't wait around for someone else to take action. They roll up their sleeves, analyze the problem, and propose viable solutions. The next time you notice the printer is always jammed, don't just grumble about it. Figure out why it's happening and pitch a fix. Who knows, you might even save the company thousands in therapy bills for printer-related stress disorders.

3. Level Up Yourself

Invest in your skills. Your brain is like a smartphone – it needs regular updates to avoid becoming obsolete.

Owners know that their most valuable asset is themselves. They're constantly learning, growing, and improving. So put down that copy of "50 Shades of Corporate Jargon" and pick up a book on your industry. Take an online course. Attend a conference (and not just for the free pens and questionable hotel buffet).

Your brain is like a parachute – it only works when it's open. And let's be honest, in this economy, we could all use a backup parachute or two.

4. Play the Long Game

Think beyond your next paycheck. What's the impact of your actions in a year? Five years? When the inevitable robot uprising occurs?

In a world obsessed with instant gratification, thinking long-term is practically a superpower. It's like playing chess while everyone else is playing Hungry Hungry Hippos.

So, instead of just focusing on hitting this month's targets, ask yourself: "How will this decision impact the company in the long run?" It's a simple shift in perspective that can pay dividends (pun intended) down the road.

5. Calculated Risks Are Your Friend

Take smart risks. Do your homework. Then leap. Remember, every great idea sounded crazy at first. (Looking at you, pet rock.)

Owners aren't gamblers, but they're not afraid to take calculated risks either. They understand that without a little bit of courage, there's no potential for reward. But they also know that recklessness is a one-way ticket to disaster.

So, do your research, weigh the upsides and downsides, and then have the confidence to pull the trigger. Who knows, your "crazy" idea just might be the next big thing.

Beyond the Office Walls

Plot twist: This ownership mindset? It's not just for work.

Apply it to:

  • Relationships (Own up to your part in conflicts)
  • Health (Your body is a temple, not a fast-food dumpster)
  • Community (Be the change you want to see, or at least start a snarky Facebook group about it)

Suddenly, you're not just existing.

You're driving the bus of your life.

And your playlist is way better than the usual driver's. (We get it, Brad, you discovered indie rock. Move on.)

When you start thinking like an owner in all aspects of your life, something remarkable happens: you take control. No more blaming your genes for those extra pounds or your partner for relationship problems. You become the CEO of You, Inc., making decisions and taking responsibility for your own success and well-being.

It's a subtle shift, but the impact can be truly transformative. Instead of being a passenger in your own life, you're the one steering the ship, navigating the choppy waters, and making the tough calls. Sure, it's a lot of work, but the payoff is worth it.

The Payoff

Why bother with all this ownership thinking? Glad you asked:

1. Job Security

???In the age of AI, be irreplaceable. Be the one improving the machine, not just another cog.

2. Career Boost

???Leaders love owner-thinkers. It's like finding a unicorn that can code, network, and negotiate all at the same time.

3. Self-Satisfaction

???There's a certain pride that comes from knowing you're making a real difference, not just going through the motions. It's like the difference between being a background extra in the movie of your life and being the star. (Spoiler alert: You're the star. Act like it.)

4. Money, Money, Money

???Companies often reward ownership thinking with bonuses, promotions, or equity. And if they don't, well, you've just developed a valuable skill set that other companies will drool over. It's like being the popular kid in school, but instead of being invited to all the parties, you're being headhunted by recruiters.

5. Better Sleep

???Okay, I can't guarantee this one (especially if you have a cat that thinks 3 AM is the perfect time for a game of "let's wake the human by knocking everything off the nightstand"), but there's something to be said for the peace of mind that comes from knowing you're doing your best work.

The Ownership Mindset in Action

Let's take a look at some real-world examples of the ownership mindset in action:

Intuit Mailchimp Bootstrapping Success

Before its $12 billion acquisition by Intuit, Mailchimp was a bootstrapped success story. The founders, Ben Chestnut and Dan Kurzius, focused on steady growth and profitability, proving you don't need VC money to build a valuable company.

Rather than chasing the next big trend or pivoting every time a new technology emerged, Mailchimp's leaders thought like owners. They invested in long-term value creation, took calculated risks, and remained accountable to their customers and employees. The result? A thriving business that was attractive to acquirers without ever compromising its core principles.

Basecamp : Bucking the VC Trend

Basecamp, the project management and team communication tool, is another shining example of the ownership mindset. Its founders, Jason Fried and David Heinemeier Hansson, have turned down VC money multiple times, opting instead to bootstrap and maintain full control over the company's direction.

Fried and Hansson have been vocal critics of the "growth at all costs" mentality that pervades much of the startup world. They've built Basecamp to be profitable, sustainable, and true to their values – even if it means sacrificing the potential for a flashy exit or astronomical valuation.

By thinking like owners, Basecamp's leaders have created a product that has stood the test of time (over 20 years and counting) and a company culture that prioritizes work-life balance and long-term thinking. It's a refreshing antidote to the startup rat race.

The Last Word

Remember, thinking like an owner doesn't mean you actually own the place. (So maybe hold off on redecorating the office or firing Brad from accounting, no matter how annoying his chewing is.)

It's about attitude. Mindset. Approach.

Embrace the challenge. Because at the end of the day, the only person truly responsible for your success is you. (And maybe your caffeine dealer. Credit where credit's due.)

Now go forth and conquer. Think like an owner.

Act like a boss.         

And for the love of all that's holy, please figure out how to unjam the printer.

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X Sherman

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