Robin Sharma is an expert in Leadership and personal development, author of “The Monk Who Sold His Ferrari.” From this book, the author narrates the life of Peter Franklin, how he stood out professionally and how he had to run his company.
In this story, Peter tells everything that happened as a child and the aspirations his father had for his future. He recounts all his childhood and then explains how he performed when he was employed by a company called Digitech Software Strategies, in which everyone wanted to work.
This narrative is intended for anyone who wants to operate in business and life success. It explains the learning that Julián made, a successful lawyer who, after having a heart attack, due to his obsession with his business and money, decided to abandon everything and move to India. There he lived with some monks from whom he acquired great teachings useful for life and business.
From the hand of Julián, through examples, Peter receives the 8 lessons of success in business, all of them based on generating the inner drive to succeed, through a more human and efficient business culture.
Below, I present a summary of the 8 keys to Leadership from the monk who sold his Ferrari book, which is extremely important; because it contains lessons of universal value, and they are explained so that they are beneficial to the reader.
The 8 keys to Leadership from the monk who sold his Ferrari book
The 8 keys to Leadership from the monk who sold his Ferrari is a book authored by Robin S. Sharma. This is a recognized expert in Leadership and personal development. Sharma has a law degree and spent a few years as a professor, following his law career before becoming a distinguished motivational coach on Leadership. Nowadays, he travels frequently as a lecturer in different countries of the world, promoting the message of “Untitled Leader,” one of his most famous phrases. The independent magazine has also distinguished him as the second-best leadership expert.
Sharma tells us a fable story of Julián Mantle. This successful lawyer had it all: money, fame, businesses, houses and luxury cars, but his most precious treasure, was his red Ferrari. After suffering a heart attack, due to his obsession with money and business, he produced a change in him, and he decided to abandon everything and go to India. There he lived with some monks with whom he learned great teachings useful for life and business.
“Leadership is an art, not a gift “ – Robin S. Sharma.
The story begins with Peter, an entrepreneur who owns a significant software company called Global View and is in crisis. His life took a sharp turn when he met Julián, an old friend, who would have been a very greedy businessman. Still, when he finds out, he learns that he has completely changed his lifestyle and has become a monk, and he has the opportunity to apply the knowledge by helping his former friend teach Peter the fundamentals of a leader.
Julián tells Peter that when he was about to die, he realized that he had to change, so he left everything behind and set out on a journey in search of wisdom. This is how he came to the monks of Sivana, who taught him new ways to lead his life and business. Thus Peter knew the eight keys or rules of success, which are rules that are based on changing the communication paradigms between bosses and subordinates, improving relationships between them and strengthening the organizational culture of the company, thereby achieving work in team, motivation and the search for the same objective or goal and with it, business and personal success.
Julián spoke of 8 rules that must be considered as part of our lives, a ritual to achieve real change. Through fables and examples, Peter receives the eight lessons of success in business, all based on the generation of an internal impulse that favours the establishment of a new type of relationship between the collaborators and of them with the company, aimed at the flourishing of a more human and therefore more productive and stable corporate culture. Simple, entertaining, but surprisingly insightful, the eight keys to Leadership contain lessons of universal value and explain them to be truly useful. These keys are the following:
1- Visionary Leadership
Herein lies the idea that a compelling vision gives us the sense and perseverance necessary to move forward despite obstacles. Most people or companies fail because they are not aligned with this vision. At the corporate level, it is also about finding coherence between the objective of the job and the pleasure or enjoyment of the situation.
After realizing the vision, it must be made that it is also the objective of the followers. The purpose is to make others excited or motivated to achieve the same goal. This key is that visionary leaders always find ways to associate their employees’ day-to-day work with vision and connect pay with purpose. When you make this connection, you commit them to a more important cause than themselves. The idea is to generate a feeling of commitment and passion for what is done beyond the monetary value.
2- Lead with the mind, lead with the heart
It consists of connecting with his followers (his team), through effective communication, based on trust, empathy and establishing emotional ties. Once the leader can generate a vision in his team and touch their hearts, he gains the loyalty of his people. Once you enrich relationships with others, you strengthen Leadership. This nourishes the necessary trust that must exist in every team since, without trust, it is impossible to communicate effectively. People do not assume responsibilities, and therefore it becomes difficult to count on their commitment.
3- Recognize others
Leaders know that employees who feel appreciated perform better. Emphasize the recognition of what is done well, instead of focusing exclusively on what they do wrong. When we recognize the excellent work of others, we encourage them to repeat or improve it the next time, and if the good leader fails, they must make it understood that failure is part of the learning process. Rather than destructively criticizing, positive criticism is made to help correct mistakes.
The awards he refers to are not just about money. There is a free and more effective award, the compliment. This award must be personalized according to the subordinate’s needs.
4- Surrender to change
The ability to manage uncertainty and adapt to changes must be developed. Without change, there is no progress. To make others change, you must start by changing yourself. The leader must break paradigms when necessary. The change makes us acquire new knowledge, higher wisdom, which brings us closer to success. When we continuously change, we develop the ability to face fear.
The leader must inspire positive attitudes about the opportunities that change offers.
5- Focus on what is valuable
You have to find ways to be yourself as efficient as possible. Personal effectiveness lies in focusing on your objective, knowing how to determine priorities. It is about doing what is essential, not only at work but in all aspects of life.
The idea is to visualize the future clearly where we are going and for this concentration is required taking into account the organization and order, as this will help not to waste time and be more efficient and effective.
6- Self-leadership. Lead yourself
Developing an effective executive is vital to the development of an organization. All Leadership begins with oneself. A leader must learn to manage himself and then manage others.
Your outer life will depend on your inner being, so it is essential to self-renew and recreate. Not everything must be work; there must be some entertainment in your life.
You must balance both issues.
7- See what everyone sees, think about what no one thinks
This point refers to the development of creativity and innovation, looking for new ways to solve the problems or situations present in organizations. It is essential to create a workplace that breaks with the conventional, that helps to take risks and learn from mistakes.
The leader does not handle creativity; he discovers and manages it. Opening your mind more and being more imaginative helps you find it out. Where others see conflict and problems, the real leader sees solutions.
8- Link Leadership with a legacy
It involves doing things in ways that transcend and can be used by others at different times. The goal of life is a life with goals.
The important thing is to leave a significant mark on what you do in your life, which will serve as inspiration and motivation for future generations. You should always seek to contribute to others in everything you do. The more you give, the more you receive.
Phrases that struck me from the book the eight keys to Leadership from the monk who sold his Ferrari book.
- With knowledge and value, everything is possible.
- Our self-esteem is linked to our work.
- Leading is inspiring, activating and influencing.
- Nothing will break you down if you don’t fall apart.
- Leadership is not popularity, but honesty. It is not power; it is a goal.
- Without trust, there is no commitment, and without commitment, there is no company.
- Success is presented to those who recognize and accept it.
- Ideas are the raw material for success, and the most productive people are the ones who think most effectively.
- Great leaders are also great teachers.
- Reflection and contemplation are among the essential addressing techniques.
- People do not perform at their best if they do not control their life.
- Ideas are the raw material for success.
- To have time, you have to focus on what is valuable.
- The Leadership of your world begins with the Leadership of your life.
- May your Leadership convert fear into strength and darkness into light.
- There are no mistakes in life, only lessons.
- Investing in yourself is the best thing you can do. You will improve not only your life but also those of those around you.
- You have to live in moderation, always flee from extremes.
- You have to move by priorities; that is the secret of time control.
- Setting clearly defined objectives is essential to achieve what we want.
The book eight keys to success is a very useful narration for people who seek to grow not only personally, but also in the workplace. For anyone who wants to exercise Leadership, he gives examples of how to apply each of the rituals.
All of these emphasize that the true leader must know himself and lead himself, remain in the search for knowledge, maintaining humility when leading his team, to become a true example and work so that his vision is the vision. Of all and thus achieve positive changes.
You can see from the story that subordinates like to be recognized and valued. This way, they feel more motivated to keep doing it better or better. Besides, every good leader must know how to correct the mistakes of others, and if they fail, they must be made to feel that they can improve.
This work is moving, and what it seeks is for us to reflect on our actions so that we make the changes that help us live as leaders in all areas of our lives. This indicates a true story lived and narrated with details on all the wise knowledge and experiences learned based on leadership teaching, represented by fundamental values such as respect, understanding, truth, service, communication, recognition, discipline. And self-control. All these necessary to achieve success, both work and personal. In short, it is a text that encompasses intellectual, moral and spiritual wealth.
Finally, I consider that this book serves me as an educator and future manager because it clearly explains aspects that are extremely important to be a true leader. I can say that I loved the story and that I was struck by many of the phrases that appear, such as: “Your legacy should highlight that you gave the best of yourself. It will show that you were someone who wanted to improve. Leaving a legacy is not about impressing your friends or reaching the top. It is not looking good but doing good. It is more about doing your duty and living as a human being.”