E76 - Ric Lewis: Guiding principles for business, life and happiness

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Summary

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## Summary of the Podcast Episode

The podcast episode features Ric Lewis, a leading businessman, sharing his 12 principles for a successful life and business. These principles are drawn from his experiences and insights gained as a founding partner of Tristan Capital Partners, a British property investment firm, and as chair of The Black Heart foundation, a charity dedicated to improving educational opportunities for under-resourced young people.

**1. No Assholes:**
- Lewis emphasizes the importance of creating a culture where people want to work together and enjoy being around each other.
- He believes that having a good culture can help a company survive even a bad strategy, while a bad culture can't make up for a good strategy.
- To ensure that no "assholes" get through the door, Lewis and his team spend a lot of time on the hiring process, looking for individuals who fit their culture and values.

**2. The Fight is Outside the Glass:**
- Lewis encourages individuals to focus on competing with those outside their immediate circle rather than engaging in internal conflicts.
- He draws a parallel to sports, where teammates should work together to achieve a common goal rather than fighting among themselves.
- He emphasizes the abundance of opportunities available and the futility of competing over limited resources.

**3. Know What You Know, Know What You Don't Know, and Don't Be Afraid to Ask for Help:**
- Lewis stresses the importance of being honest with oneself about what one knows and doesn't know.
- He believes that the ability to admit knowledge gaps and seek help is a valuable asset in leadership and teamwork.
- He encourages individuals to embrace their right to be "dumb" and ask questions without feeling ashamed.

**4. No One Messes with the Franchise:**
- Lewis highlights the need to balance personal objectives with the collective needs of the organization.
- He emphasizes that the franchise (the company) must always come first, and individual interests should not take precedence.
- He compares this principle to the famous "Don't Mess with Texas" advertising campaign, invoking a sense of pride and loyalty to the organization.

**5. Check Your Ego:**
- Lewis emphasizes the importance of checking one's ego and being willing to do any job, regardless of its perceived status or importance.
- He shares his experience in the sports world, where he observed individuals who let their egos get in the way of their success and team performance.
- He encourages young entrepreneurs to find their authentic selves and avoid the trap of comparing themselves to others on social media.

**6. Performance Matters:**
- Lewis stresses the significance of performance and delivering on commitments.
- He believes that performance drives the engine of progress and enables organizations to achieve more.
- He emphasizes the need to ration time and energy and focus on the people and situations where one can have the greatest impact.

**7. Unlimited Love, Limited Time:**
- Lewis acknowledges that while he has unlimited love for many people, he has limited time to devote to individual relationships and commitments.
- He explains that he must ration his time and energy to those who are serious and committed to their goals.
- He encourages individuals to understand this reality and respect his need to prioritize his time.

**8. Reduce Speed to Action and Achievement:**
- Lewis emphasizes the importance of taking the time to think carefully about a course of action before taking it.
- He believes that rushing into things can lead to mistakes and missed opportunities.
- He encourages individuals to slow down, consider their options, and make informed decisions.

**9. Criticize Behavior, Not Character:**
- Lewis stresses the importance of distinguishing between criticizing someone's behavior and criticizing their character.
- He believes that it is essential to focus on correcting specific behaviors rather than making personal attacks.
- He shares an example from his parenting experience, where he would ask his daughters to leave the room if they were behaving poorly, giving them the opportunity to reflect on their behavior and return when they were ready to behave appropriately.

**10. Be Caring and Encouraging:**
- Lewis emphasizes the importance of being caring and encouraging, especially towards young people.
- He believes that creating a supportive environment can help individuals reach their full potential.
- He shares his approach to parenting, where he sets clear boundaries and expectations but also shows love and encouragement to his daughters.

**11. Don't Sacrifice Your Right to Be Dumb:**
- Lewis encourages individuals to embrace their right to make mistakes and learn from them.
- He believes that the fear of looking foolish can prevent people from taking risks and trying new things.
- He emphasizes the importance of being willing to ask questions and admit when one doesn't know something.

**12. Be a Good Ancestor:**
- Lewis concludes with the principle of being a good ancestor, leaving a positive legacy for future generations.
- He believes that individuals should strive to make a positive impact on the world, both through their personal actions and their contributions to society.
- He encourages individuals to think about the kind of world they want to leave behind for their children and grandchildren.

# High-Performance Podcast Episode Summary: Leadership, Success, and the 12 Principles of a Fulfilling Life with Ric Lewis

**Introduction**

- Ric Lewis, a prominent businessman and the first-ranked individual in the UK's 2019 Powerlist, shares his 12 guiding principles for achieving success in life and business.
- His insights are drawn from his experiences as a founding partner at Tristan Capital Partners, a British property investment firm, and as the chair of The Black Heart Foundation, a charity dedicated to improving educational opportunities for underprivileged youth.

**Key Points**

1. **Planning and Action**:
- Avoid mistaking activity for productivity.
- Clearly define the steps required to achieve goals and take action without waiting for complete certainty.
- Embrace the idea that action often leads to motivation, rather than the other way around.

2. **Humility and Fun**:
- Cultivate humility by recognizing that everyone, including successful individuals, is human and fallible.
- Maintain a sense of humor and enjoy the journey towards success.
- Create a work environment where people genuinely enjoy spending time together, fostering camaraderie and motivation.

3. **Work Hard, Play Hard**:
- Strive for excellence in both work and leisure activities.
- Recognize that successful individuals often have a strong work ethic but also know how to relax and have fun.
- Ensure that time spent with colleagues and clients is enjoyable and productive.

4. **Respect Individuality**:
- Embrace the fact that not everyone is suited for the same roles or career paths.
- Create an inclusive culture that values diverse perspectives and contributions.
- Recognize that some individuals may excel in specialized roles or as sole proprietors, rather than in traditional management positions.

5. **Adapting to Change**:
- Be prepared to make changes as circumstances evolve.
- Have honest conversations with team members who may not be suited for new directions or roles.
- Help individuals identify their true passions and goals, even if they differ from the organization's trajectory.

6. **Trustworthiness and Integrity**:
- Maintain high ethical standards and integrity in all business dealings.
- Foster a culture of trust and honesty within the organization.
- Be transparent and accountable for actions and decisions.

7. **Respect for Time**:
- Value time as a precious resource and manage it effectively.
- Prioritize tasks and activities based on their importance and urgency.
- Set clear boundaries and communicate expectations regarding availability and responsiveness.

8. **Focus on Actions, Not Words**:
- Judge individuals based on their actions and deeds, rather than their words or promises.
- Consistency of action is a more reliable indicator of true intentions and commitment.

9. **Approachability and Openness**:
- Cultivate an approachable and open demeanor, encouraging open communication and feedback.
- Be receptive to new ideas and perspectives, even if they challenge existing norms.
- Foster a culture where employees feel comfortable expressing their thoughts and concerns.

10. **Self-Awareness and Self-Improvement**:
- Continuously reflect on personal strengths and weaknesses.
- Seek opportunities for self-improvement and personal growth.
- Embrace constructive criticism and feedback as opportunities to learn and develop.

11. **Curiosity and Convening**:
- Cultivate a curious mindset and a desire to learn and explore new ideas.
- Possess the ability to curate and convene people, ideas, and thoughts, fostering collaboration and innovation.
- Create environments where people feel excited and engaged, attracting talented individuals and fostering a dynamic work culture.

12. **Empathy and Active Listening**:
- Develop empathy and the ability to understand and relate to others' perspectives.
- Practice active listening, focusing on understanding rather than simply responding.
- Avoid the tendency to immediately offer solutions or advice, instead, strive to truly listen and comprehend others' concerns.

**Conclusion**

- Ric Lewis's 12 principles provide a comprehensive framework for achieving success in life and business.
- By embracing these principles, individuals and organizations can cultivate a culture of high performance, innovation, and fulfillment.
- The podcast episode offers valuable insights and practical advice for anyone seeking to excel in their personal and professional endeavors.

# High Performance Podcast: Principles of Success with Ric Lewis

## Introduction

- Jake Humphrey and Damian Hughes interview leading businessman Ric Lewis.
- Lewis shares his 12 principles for a successful life and business.
- Lewis was ranked first in the UK’s 2019 Powerlist, an annual list of the UK’s most influential people with African or Afro-Caribbean heritage.
- He is a founding partner at Tristan Capital Partners, a British property investment firm, and chair of The Black Heart foundation – a charity which is dedicated to supporting initiatives that improve educational benefits for under-resourced young people and providing opportunity to those who are otherwise denied it.

## Key Insights

### 1. Set High Aspirations

- Lewis emphasizes the importance of setting high aspirations and not limiting oneself.
- He shares an anecdote where a career coach told him he was setting his aspirations too low.
- Lewis encourages listeners to reflect on whether their aspirations are aligned with their ambitions and capabilities.

### 2. Embrace Effort and Humility

- Lewis highlights the significance of effort and humility in achieving success.
- He believes that success is not solely determined by natural talent or luck, but rather through consistent effort and a humble attitude.
- Lewis emphasizes that success is a journey, not a destination, and it requires ongoing effort and learning.

### 3. Build a Strong Network

- Lewis stresses the importance of building a strong network of positive people and mentors.
- He explains that surrounding oneself with individuals who inspire and support you can significantly impact your personal and professional growth.
- Lewis encourages listeners to seek out mentors who can provide guidance and advice, and to be open to learning from others.

### 4. Embrace Feedback and Criticism

- Lewis emphasizes the value of seeking and embracing feedback, even if it is critical.
- He believes that feedback is an opportunity for growth and improvement.
- Lewis encourages listeners to be open to constructive criticism and to use it as a tool for self-development.

### 5. Focus on Continuous Improvement

- Lewis highlights the importance of continuous improvement and learning.
- He believes that individuals should always strive to learn new things and improve their skills.
- Lewis encourages listeners to set goals for self-improvement and to consistently work towards achieving them.

### 6. Be Kind and Compassionate

- Lewis emphasizes the significance of kindness and compassion in both personal and professional interactions.
- He believes that treating others with respect and empathy creates a positive and supportive environment.
- Lewis encourages listeners to be kind to themselves and others, and to strive to make a positive impact on the world.

### 7. Maintain a Positive Attitude

- Lewis stresses the importance of maintaining a positive attitude, even in challenging situations.
- He believes that a positive mindset can help individuals overcome obstacles and achieve their goals.
- Lewis encourages listeners to focus on the things they can control and to let go of the things they cannot.

### 8. Be Authentic and True to Yourself

- Lewis emphasizes the importance of being authentic and true to oneself.
- He believes that individuals should not try to be someone they are not, as this can lead to burnout and dissatisfaction.
- Lewis encourages listeners to embrace their unique strengths and weaknesses, and to be proud of who they are.

### 9. Give Back to the Community

- Lewis highlights the significance of giving back to the community and making a positive impact on society.
- He believes that individuals have a responsibility to use their skills and resources to help others.
- Lewis encourages listeners to volunteer their time, donate to charities, and support causes they care about.

### 10. Embrace Failure and Learn from Mistakes

- Lewis emphasizes the importance of embracing failure and learning from mistakes.
- He believes that failure is a natural part of the learning process and that it should not be feared.
- Lewis encourages listeners to view failure as an opportunity to grow and improve, and to learn from their mistakes.

### 11. Find Balance and Prioritize Well-being

- Lewis stresses the importance of finding balance in life and prioritizing well-being.
- He believes that individuals need to take care of their physical and mental health in order to be successful.
- Lewis encourages listeners to set boundaries, take breaks, and engage in activities that promote well-being.

### 12. Leave a Legacy

- Lewis highlights the significance of leaving a legacy and making a lasting impact on the world.
- He believes that individuals should strive to make a positive difference in the lives of others and to leave the world a better place than they found it.
- Lewis encourages listeners to think about the legacy they want to leave and to take action to achieve it.

## Conclusion

- Lewis's principles provide a comprehensive framework for individuals seeking success in life and business.
- By embracing effort, humility, and continuous improvement, individuals can achieve their goals and make a positive impact on the world.
- The podcast emphasizes the importance of authenticity, kindness, and giving back to the community.
- Listeners are encouraged to reflect on their own principles and values, and to strive for excellence in all aspects of their lives.