June 23rd, 2020 David Finkel (Taxloopholes.com Advisor)
I recently shared the idea of the business coaching concept of the six hats from the late Dr. de Bono with our readership and I wanted to go into more detail about the second hat in the series: The Red Hat. This hat is often one of the first hats that you will put on when making a major decision or trying to scale your business.
A “hat” is not a physical piece of clothing, but a state of mind. It is a tool that can be used to push the boundaries of thinking and help you grow as a group and as leaders. You can think of a hat discussion as a movement, NOT an argument. It’s not about asking questions like: “Is this correct? Do I agree/disagree?” Instead ask yourself: “Where does this idea take us?”
When you wear the red hat in a group or meeting you are going to focus exclusively on feelings, emotions, and intuition. For some business owners, this hat can be a tricky one to wear. You may be used to looking at problems in terms of facts and solutions and have taught yourself to steer clear of your “gut” feelings and emotions.
Which is why the red hat is all the more important to your planning process.
Many of you may ask: “David, if facts help me make a better decision why should I bother with how it all makes me feel?”
And the answer is, emotions play a role in our decisions and outcomes on a fundamental level.
It’s important to note that you should share red hat feelings WITHOUT explanation or justification. Simply state the emotions and feelings. And in your mastermind group, make it a rule that it is not ok to pass on this roundtable discussion. Understand that what influences feelings are stories and metaphors… both of which change our frame of reference, which in turn directly influences how we perceive things.
At the end if you need a decision, all decisions boil down to red hat decisions…