Ownership Leader Gifts Talents

AUDIO: 6 Things to Remember About Ownership

by Greg Yates | Breakthrough Leadership

When I was in college I took private voice lessons. One of the songs I learned was called, “I got plenty o nuttin” from the musical Porgy and Bess. The character puts an interesting spin on ownership. Set in a Spiritual style the lesson is unmistakable:

“I got no house, got no car, got no misery. The folks with plenty o plenty got to pray all the day. Seems with plenty you sure got to worry how to keep the debil away.”

Ownership is a novel idea. I’ve owned a lot of things and interestingly enough they generally end up owning me!

Keeping up with Ownership

Ownership is about buy-in. If I buy-in to owning a home, guess what? I have to OWN it. I have to maintain it, cut the grass, keep things fixed and if you’re not careful, the upkeep will end up owning you!

My dad used to have a great little saying about ownership. It goes like this. “If your outgo exceeds your income then your upkeep will be your downfall.”

Whatever you decide to OWN is going to require a piece of you. If you don’t want to give yourself to it, it’s better not to own it!

6 Key Factors About Ownership

There are really six things you need to know about ownership; let’s remember what ownership really is.

#1, Ownership is a debit entry. Immediately that supposed asset becomes a liability. There is nothing you will own in life that won’t immediately begin requiring something from you.

#2. Ownership is an anchor. Yes, ownership can provide stability and that’s part of what Anchors do… but anchors also hold you where you are, whether you want to be held or not.

#3. Ownership is relationship. Owning is rarely one sided. It exists in its most powerful form within relationships that are synergistic. Taking ownership of a company or your role on a team requires relationship.

#4. Ownership is obligation. It has expectations. It is a commitment. Ownership always indicates the intent to fulfill the obligations of the owner.

#5. Ownership is association. Where we own and what we own, establishes association with others who have made the same choice. If you own a jeep or a Harley, you know exactly what I’m talking about. Taking ownership of a mission or a targeted Breakthrough is equally as essential. You have to be surrounded by people, associating with people who have made the same choice.

#6. Ownership is opportunity. Without ownership and the willingness to embrace ownership, there is no opportunity for growth, relationship, success, wealth or purpose. It’s important to realize the expectations of ownership but also to comprehend it’s potential. Without ownership of yourself, your actions, your relationships, your potential and your responsibility, you can never become the person you were created to be. Ownership is the leverage of opportunity.

As a leader, understand the true meaning of ownership, on both sides of the ledger. Taking ownership starts with yourself and becomes the capital that leverages team and organizational growth potential.

Engaging in true ownership means taking responsibility for the gifts, talents, relationships and possibilities you’ve been given. Ownership is power when the owner, the leader, takes the duties and rewards of ownership seriously.

Take ownership of today and gain the traction of Breakthrough Leadership.

Add your comments to the conversation: What areas of your leadership do you need to take ownership of, in order to create more opportunities for yourself? Post your reply below.

About Greg

Greg Yates has been a Chicago area businessman for over 30 years. He’s the author of the book, "Broken - How Being Broken Unlocked The Greatest Success of My Life". He has simultaneously owned 14 different businesses in a variety of industries; including real estate, manufacturing, payroll, and technology. Greg has also been an investor and a board member. He attended Olivet Nazarene University. He has a passion for flying. He’s had a pilot’s license for over 30 years and owned a variety of airplanes. Greg and his wife Vicki have been married over 37 years. They have a son, a daughter and seven grandchildren.

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