Why business leaders must relearn how to dream

Every seasoned executive carries the scars of a bad burn — a failed venture, a missed market turn or a partnership gone sideways. For many, that pain creates psychological boundaries, leading them to quiet their ambitions just to avoid future letdowns.

But true market disruption requires a different benchmark of success. History’s greatest innovators, from Walt Disney to Henry Ford, routinely picked themselves up after catastrophic failures because they were chasing a vision, not just a balance sheet. Today, we see this same boundary-less ambition in Elon Musk’s quest to build a city on Mars.

To scale a company beyond predictable increments, you must ask yourself: Are your dreams big enough? The only thing holding you back is yourself, and it costs absolutely nothing to dream.

If you want to think bigger, you must build the operational discipline to do so. Here is how to structure your mindset and your calendar for grand-scale vision:

  1. Schedule time to think beyond the box. Dreaming big cannot be an afterthought; you must deliberately set time aside from your daily routine to do it. Use this structured time to put your mind in a new place and rigorously consider what is possible.
  2. Burst your industry bubble. We are trained to become experts within our specific industry verticals, but truly great ideas almost always come from unexpected places. Get out of your bubble and explore. Meet new people, connect with unfamiliar concepts and remain fiercely teachable.
  3. Build a multigenerational ecosystem. Surround yourself with people from different generations. They see the world through entirely different lenses, learn in unique ways and communicate on different levels. Leveraging their diverse perspectives will naturally expand your own horizon.
  4. Reframe adversity. How do you keep the glass half full and prevent past experiences, fear or the commentary of doubters from halting your momentum? Stop thinking in terms of failure. Do not label setbacks. Instead, view them as an essential part of the journey. Shift your perspective to see how things are happening for you, rather than to you. Once you make that shift, you will see opportunities all over the place.

Achieving a grand vision does not happen overnight. You must set audacious goals and then take deliberate, small steps each day to achieve them, moving forward little by little.

Some people merely manage companies, while others go for it, putting their whole self toward their ultimate goal. You only get one shot at building your life and your legacy. Use your gifts and talents to their absolute fullest, think bigger than you are currently thinking, and do not leave anything on the table. ●

Fred Koury is an entrepreneur and investor

Fred Koury

Entrepreneur and investor
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