logo
Why Professional Success Is Never A Solo Journey

Why Professional Success Is Never A Solo Journey

Forbes09-04-2025
James DiNardo is CEO of HotelStaff.com.
A friend recently asked for my thoughts on his business ambitions. He wanted my perspective because, in his words, I'm 'self-made.'
I had to set the record straight. The idea of being self-made is an illusion. While I've spent decades investing in my own growth—professionally, personally and financially—I didn't get here alone. No one does. Success isn't self-made; it's we-made.
I realized this years ago while reading one of my favorite autobiographies: Benjamin Franklin's. One of the things that stood out to me was what he called his "Junto," a group of like-minded individuals who shared ideas, challenged one another and provided support. It was a community of mutual growth.
Many years later, when reading Napoleon Hill, I found the same idea framed differently. He called it a "mastermind alliance"—a group of people working together toward a shared goal, where the success of one contributed to the success of all.
That concept stuck with me, and over the years, I've built my own version of it. I've surrounded myself with people who challenge, support and guide me in every area of my life. For example, my physician, therapist and spiritual advisor help keep me physically healthy and mentally, emotionally and spiritually strong. My CPA, financial advisor, and controller watch over the financial health of my businesses and personal affairs. My attorney looks over any legal affairs and reduces risk. My personal trainer pushes me physically and forces me to dig deep. My recovery community provides accountability and reminds me to help those still struggling.
My business colleagues, clients, veteran brothers and sisters, Masonic brothers and an assortment of consultants bring varying degrees of wisdom, camaraderie, discipline and expertise. My producer and editor oversee marketing content development and help us get the word out.
My friends support me in times of hardship and help me troubleshoot, laugh through adversity and remind me of who I am and how far I have come.
And, most importantly, my wife and family keep me grounded and focused on what truly matters.
This network of people—and so many more, whether they realize it or not—has shaped me in ways I could never have accomplished alone. Their insights, support and accountability have allowed me to grow beyond my own limitations.
I believe if you are the smartest, wisest or strongest in the room, you are in the wrong room. As a business leader, you should be surrounded by people who elevate, encourage or challenge you. If you're not, it's time to expand your circles—both in person and online. For example, in my case, I helped create and now host a leadership forum that has brought together a diverse group of voices and perspectives. Participants provide invaluable insights into the challenges we all face—and, more importantly, how to overcome them. The conversations have been deeper, more meaningful and far more energizing.
Not everyone in your mastermind needs to be someone you know personally. I, for instance, also pull experience and alternative views from books, speeches and the wisdom of those I admire or wish to emulate. When I face challenges, I turn to their words for perspective and guidance. They, too, have become part of my support system. This is my mastermind. Sometimes, I refer to this collective as my "Junto" as a way to pay tribute to the wisdom of Franklin.
With humility and gratitude, I often reflect and recognize the incredible people who have helped shape my journey. Among the greatest lesson of all is that being of service to others is the greatest gift. I believe the best way to build a meaningful life—and business—is to be part of someone else's mastermind, to contribute to their growth just as others have contributed to mine. Because with the tide, all ships rise.
Although leaders must persevere and there is no substitute for hard work, success is never a solo effort. It never has been, and it never will be. We grow together. One of my mentors always reminds me: 'When you put yourself last, you always get to come first.' That's something I've found to be consistently true. One of the most effective ways to attract strength is by giving it away. When you lift others up, you not only grow personally but also attract people who bring the wisdom, experience and heart to help you continue moving forward.
Not long ago, I attended a business networking event with about 30 C-suite leaders. A few younger entrepreneurs arrived late, and I noticed some people giving them a disapproving glance. After the session, those young men came over to share that they were inspired by what I had said during our roundtable discussion. Turns out, they were late because their business was growing and they were helping load trucks.
In that moment, the idea of chasing 'power connections' faded into the background. What mattered most was being able to share a few words of encouragement with them—reminding them to stay the course, to keep going no matter what, to believe in themselves.
As a leader, the best way to elevate yourself is by elevating others. The universe tends to take care of the rest.
Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Moving Past AI: Building Augmented Intelligence
Moving Past AI: Building Augmented Intelligence

Forbes

time2 days ago

  • Forbes

Moving Past AI: Building Augmented Intelligence

James DiNardo is CEO of Like many I have spoken with, my team and I have been thinking deeply about artificial intelligence (AI). It's the story shaping our time, reshaping how businesses run, exciting investors and sparking a worldwide rush for tech leadership. Companies like OpenAI, Google, Meta and xAI are in the thick of it, racing to produce the smartest large language model (LLM) while facing strong rivals from Asia. Markets are buzzing: chip makers, robotics, self-driving cars and related fields are booming. What's amazing is the rise of tools claiming intelligence that match or beat human expertise in specific areas. Take xAI's newest release, Grok 4, which boasts knowledge beyond a PhD in fields from genetics to law, politics to chemistry. Essentially everything. Even exceptional polymathic humans are likely to master only a few areas in a lifetime, limited by time and focus. These language models quickly pull together deep insights across genres. That's revolutionary and some tout that artificial general intelligence (AGI) has already arrived and is in the stages of refinement. AI has become a buzzword in marketing. Some organizations choose descriptors like 'powered by' while using the tactics above. Though it's true that these tools can improve and enhance, there are many levels to implementation. Organizations that choose to only use the technology minimally in order to market with it can undermine confidence in the power of these systems. Not to mention, there are those who believe that the impact on the way we work or live will be so drastic in a few decades we will scarcely remember the way things used to be. We stand on the precipice of dynamic change the likes of which none of us have ever seen. Both positive and negative outcomes are possible. How leaders use AI systems today could shape the future. Some leaders use AI like an old-school search: quick questions for fast answers. A fact check, email rewrite, price comparison or data cleanup. Helpful, but shallow. They're not yet partnering with these tools on a deeper level for real thinking, decisions and future planning. Unfortunately, for most business leaders, we are faced with a dilemma. Learn to adapt or choose to ignore these developments. Perhaps at our own peril. Here's a better way: move past AI. Augmented intelligence means making AI understand, not just reply. It involves creating a "context engine." This is a custom base of your data, history, strategies and unique perspective. The process is time-consuming on the front end, as time must be invested to teach the LLM about background, goals, processes, competitors and inside knowledge. However, the more time invested, the richer the reward. By taking the time to educate the LLM, we can shift its role to act as a trusted advisor who knows your business, speaks your language and shares your values. Over time, my team and I have begun to test our LLM with context questions like, "What do we know so far?" or "How does this fit our plan?" The answers feel custom-made, full of relevant depth. We've continued to add layers by asking our LLMs to consult like a group of experts—Simon Sinek on leadership, Naval Ravikant on choices or Brené Brown on emotions. LLMs can pull known perspectives from these thought leaders to provide rich, blended views for strategy, branding or growth. The uses seem endless. I have even shared my personal goals, my values and what is important to me. Now AI takes these into consideration when I weigh choices that have both business and personal implications. One recent response I received was, 'Sounds fantastic. Consider this strategy will add additional workload to you and the team and could impact time with family you have shared as important. Suggest one approach could be to delegate or hire for this project.' These models often agree with your ideas, which isn't always a good thing. They don't care about your success like you do. One best practice is to ask detailed questions, demand data with sources, then check them yourself or have them checked. We find answers are often correct but not always perfect, and they can echo your biases. We have also found, one or two times, answers that were completely rogue. For this reason, we prefer to ask well-crafted, complex queries in a search for data-based views. Then we use the results to make decisions ourselves or with a team. Trust your instincts. In the end, while everyone's chasing AI, the edge goes to those crafting contextual, strategic augmented systems. In a fast-moving economy, the line between using AI and truly working with it could decide who leads and who follows. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?

It's time Canada took another look at how it taxes death
It's time Canada took another look at how it taxes death

Yahoo

time29-07-2025

  • Yahoo

It's time Canada took another look at how it taxes death

In 1789, one of the founding fathers of the United States, Benjamin Franklin, famously wrote in a letter that 'In this world nothing can be said to be certain, except death and taxes.' So true. But what happens when a death occurs? Does the taxman take an interest? Around the world, the answer is an emphatic 'yes.' However, the form of such taxes can vary widely. For example, some countries have an estate tax based upon the fair market value of the decedent's property at death. There is often a basic exemption for such amounts so that it is only the amount of the estate in excess of that exemption that is subject to tax. The U.S. and a handful of other countries, such as the United Kingdom, South Korea and Denmark, have a traditional estate tax. In the U.S., it's fair to say the estate tax is more of a symbolic tax. It was originally established in 1916 with the stated policy objective of preventing dynastic wealth accumulation. The exemption amount is now US$15 million (but it will be indexed to inflation starting in 2026) as implemented by the One Big Beautiful Bill. Such a large exemption exempts the vast majority of deaths from the tax. For example, in 2022, the U.S. estate tax applied to only about 3,900 taxable estates — roughly 0.11 per cent of deaths — and raised approximately US$22.5 billion out of total federal revenues of approximately US$4.9 trillion. In other words, it's a pittance. Most tax practitioners know it's pretty easy to walk around the U.S. estate tax. It's fair to say the estate tax has failed to achieve its original policy objective. In other countries, an inheritance tax is common, and the recipients of a deceased's estate pay it. Countries such as Germany, France, Belgium and others deploy this type of regime. There are a variety of other death tax regimes, like a capital acquisitions tax in Ireland that is triggered when an individual acquires wealth, either through inheritance or gifts. Chile has a similar regime. Other countries, such as Greece, Italy and parts of Latin America, have stamp or notarial duties that apply when people register their inheritances. What about Canada? It introduced an estate tax in 1947 and it operated similarly to the U.S. model. In 1966, the Royal Commission on Taxation recommended the country abolish it and instead introduce an inheritance tax. 'The estate tax fails to account for the economic position of those who receive the assets and cannot be properly integrated with a personal tax system based on income and individual ability to pay,' its report said about the estate tax. 'We believe that an integrated income tax system should treat all accretions to wealth, whether earned or unearned, as part of the taxpayer's income, and that gifts and inheritances should be included in income for this reason.' In the end, after much debate and consideration, the government chose to abolish the estate tax and not introduce an inheritance tax as recommended by the commission. It appears that, like today, any form of death tax in the late 1960s and early 1970s was very unpopular with voters. Accordingly, Canada decided to introduce a deemed disposition upon death rule as part of the introduction of capital gains tax effective Jan. 1, 1972 (previously, capital gains were not taxable). The new regime treated death as a disposition event of one's worldwide property, with any resulting gains included in their final income tax return. Such a regime combines with the acceleration of deferred income inclusions — such as registered retirement savings plans and registered retirement income funds — which are included in income upon death. This overall regime has had some tweaking over the years, but the basic architecture has remained since 1972. There are a number of exceptions to the deemed disposition and deemed income inclusion tax. For example, if the deceased's assets all vest with a surviving spouse or common-law partner, the tax is deferred until the survivor's death. Canada's regime is very unique. Has it served Canada well? It's fair to say it was and continues to be a clever compromise to avoid the administrative complexities of an estate tax and/or inheritance tax. It's also less politically charged than a traditional estate or inheritance tax, which is often thought to be unfair given that it may result in double tax (since assets are usually accumulated with after-tax amounts and taxed again at death) and liquidity issues (the liquidity issue is diminished for an inheritance tax, however). Notwithstanding, it's time Canada took another look at how it taxes death. From a tax policy design perspective, using death as a trigger for taxation makes sense given its administrative efficiency. But does our current regime help prevent dynastic wealth? Should it? Do we care? Are there reasons to not tax upon death so as to assist with generational wealth accumulation, especially for lower- and middle-income families who have modest assets? Benjamin Franklin wasn't wrong. Death and taxes are certain. But that doesn't explain why most Canadians have no idea how the two collide. That lack of financial literacy comes at a cost. As trillions in wealth prepare to shift between generations, Canada cannot keep pretending that our current approach to taxing death is sacrosanct. It may be efficient, but is it fair? Does it need updating? Prime Minister Mark Carney's commitment to an 'expert review' of our corporate tax system is the same tired half-step we've seen for decades. What the country needs is a full-scale, unapologetic review of the entire tax system, including how we tax death. Canada's personal tax rates need to come down. Here's how to do it CRA keeps messing up despite an increased headcount and bigger budget It's time for grown-up conversations before the taxman has the last word. Kim Moody, FCPA, FCA, TEP, is the founder of Moodys Tax/Moodys Private Client, a former chair of the Canadian Tax Foundation, former chair of the Society of Estate Practitioners (Canada) and has held many other leadership positions in the Canadian tax community. He can be reached at kgcm@ and his LinkedIn profile is __________________________________________________________________________________________________________________________ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Postal Service marks 250th anniversary with stamps honoring Ben Franklin and postal carriers
Postal Service marks 250th anniversary with stamps honoring Ben Franklin and postal carriers

Associated Press

time23-07-2025

  • Associated Press

Postal Service marks 250th anniversary with stamps honoring Ben Franklin and postal carriers

The U.S. Postal Service on Wednesday marked its upcoming 250th anniversary with the release of new commemorative stamps, including an exclusive, modernized version of the nation's first 5-cent stamp featuring Benjamin Franklin, the first postmaster general. The event was held at the USPS headquarters in Washington and included an appearance by the 76th postmaster general. David Steiner, a former waste management company CEO and a former board member of the shipping giant FedEx, began in his new role last week. 'For the United States Postal Service, today is a milestone 250 years in the making,' Steiner said in a statement. 'These stamps will serve as a window into our shared history.' The U.S. mail service officially turns 250 years old Saturday. Established by the Second Continental Congress in 1775, the Postal Service was launched nearly a year before the colonies declared their break from British rule. It is seen by historians as crucial to the nation's independence and to keeping the young country unified. Franklin was chosen as the first postmaster general because he had previously served in the British postal service for North America, including as co-Postmaster General from 1757 until 1774. A book of 20 Franklin stamps is exclusively being sold with a commemorative 32-page booklet titled 'Putting a Stamp on the American Experience.' The new Forever stamp features a redesigned, modern interpretation of an 1875 reproduction of the original 5-cent stamp released in 1847. President George Washington was featured on the first 10-cent stamp. The USPS has also released a commemorative sheet of 20 interconnected stamps, dubbed '250 Years of Delivering,' that portray a mail carrier making her rounds throughout a year. The stamps were illustrated by renowned cartoonist Chris Ware. Steiner has lauded the Postal Service for its history and recently voiced support for keeping the USPS as a self-financing, independent agency of the executive branch. Last week, in a video message to employees, Steiner said he opposed the idea of privatizing the Postal Service, contrasting with comments made by President Donald Trump and billionaire Elon Musk. 'I do not believe the Postal Service should be privatized or that it should become an appropriated part of the federal government,' Steiner said. He said his goal as postmaster was to meet the agency's 'financial and service performance expectations' under the current structure.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store