February is an interesting month. It’s squeezed between the excitement of a new year and the anticipation of spring. It’s also the month my daughter turns 18.
While she is now old enough to vote, I worry she may not be ready to govern her life at college next fall. These thoughts keep me up at night, but I’m learning to embrace change because, ‘what’s the alternative?’
The same is true in business. When I birthed Candor in 2012, I never imagined my “baby” would become a fully-integrated agency. Heck, I won my first client sitting in my gym shorts and flip flops while chatting on a flip phone in my guest bedroom.
Needless to say, we’ve come a long way. Today, Candor is one of the fastest growing firms in Oklahoma. We’re housed on historic Film Row near downtown OKC — which is, perhaps ironically, one of the fastest growing districts in the city. We even have a cool building! Before being converted into an office space, Candor was the home of an old Pabst Blue Ribbon ice house.
Recently, we took a big leap of faith and added a 2,000-square-foot video production studio. The space includes a Facebook Live set in addition to a full edit suite. Video has become increasingly popular as a social media tool — and it’s not going anywhere. Here are a few things we know:
Live video is more appealing to audiences. 80% of people would rather watch live video from a brand than read a blog post (which is awkward to write about in a blog post…).
Online videos will account for more than 80% of all consumer internet traffic by 2020.
A Facebook video receives, on average, 135% more organic reach than a Facebook photo.
In addition to our building expansion, Candor recently had triplets. We added three new professionals to help with content creation, social media and video production. Adding new team members is always exciting, but it can create challenges with office space, onboarding and company culture.
So, what have I learned through the growing process?
Control is an illusion.
Being an entrepreneur is a lot like being a first-time mom. You want to control everything, including your well-meaning friends and family who tell you to relax and let go. But here’s a not-so-surprising secret: Business can’t grow until leaders relinquish some of their power. I’m pleased to say I’m no longer afraid to ask my colleagues to change a dirty diaper or two.
Surround yourself with good people.
Relinquishing power becomes a LOT easier if you start with this rule. At Candor, we hire folks with a can-do spirit. That may sound hokey, but it works. We simply don’t have room for entitlement. Good things happen when everyone works toward the betterment of others. Remember: You can’t spell Candor without ‘can do’! Okay, that definitely sounds hokey.
Get out of your own way.
Are you sensing a pattern? Sometimes you just have to let your family or coworkers do the heavy lifting. Whether dealing with a client deadline or a college application, real growth can’t happen if one person is always in charge.