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<h1 class="vjs-social-title">Share: Cole Mason On The Trials And Tribulations Of Raising Capital</h1>
<h2 class="vjs-social-description">Cole Mason is the cofounder of auction site Pearpop.</h2>
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All Rights Reserved Subscribe Sign In BETA This is a BETA experience. You may opt-out by clicking here MORE FROM FORBES Aug 9, 2022,07:38am EDT How To Lead A Successful Hybrid Meeting Aug 9, 2022,02:00am EDT Life Lessons: Become The Best Version Of Yourself Aug 8, 2022,01:34pm EDT Four Things To Do Right Now To Successfully Improve Your Work Life Aug 8, 2022,11:19am EDT Building Healthcare Equity, One Ride At A Time Aug 8, 2022,10:38am EDT Here’s What To Say In An Interview To Land The Job Offer Aug 8, 2022,10:37am EDT Career Inspiration From Three Marathon Runners: ‘Do The Next Amazing Thing’ Aug 7, 2022,06:00pm EDT Too Much Empathy Is Damaging: 3 Ways To Get The Balance Right Edit Story Careers HOW TO BUILD COMMUNITY AND WHY IT MATTERS SO MUCH Tracy Brower Contributor Opinions expressed by Forbes Contributors are their own. I write about happiness, work-life fulfillment and the future of work. New! Follow this author to stay notified about their latest stories. Got it! Follow Oct 25, 2020,06:30pm EDT| * Share to Facebook * Share to Twitter * Share to Linkedin Community is critical to our health and wellbeing. getty You’re feeling the effects of the pandemic, quarantines and social isolation acutely. You’re missing your people, your network and your community. Sure, you’ve stayed in touch with those with whom you’re closest, but your more distant ties are diminishing, disappearing or declining. Community is critical to our overall wellbeing and the decline of our connectedness is coming at the same time mental health issues are on the rise. In a study by Queen’s University, 27% of people said they were suffering from loneliness, and research from Washington State University found all ages suffer from social anxiety and FOMO (fear of missing out) which are correlated with low self-esteem and low self-compassion. In addition, a newly-published study by the University of Houston showed the mental health effects of the pandemic will be both long lasting and potentially devastating. We are social animals and our instinct is to find strength in numbers. We appreciate a small circle of people, but need larger circles as well. Our health and happiness are inextricably linked with our connections. PROMOTED Yet despite the sweeping effects of the pandemic, we can strengthen and sustain community. You can have impact as an individual, and as a leader. PURPOSE Strong communities have a significant sense of purpose. People’s roles have meaning in the bigger picture of the community and each member of the group understands how their work connects to others’ and adds value to the whole. As members of community, people don’t just want to lay bricks, they want to build a cathedral. MORE FROMFORBES ADVISOR BEST TRAVEL INSURANCE COMPANIES By Amy Danise Editor BEST COVID-19 TRAVEL INSURANCE PLANS By Amy Danise Editor Build your community by keeping your purpose in mind and reminding yourself of how your contribution matters. You’re a great parent, aunt or uncle, and you’re having a meaningful impact on children’s learning. Or you’re participating on a key project which will affect the user experience for your company’s customers. Or you’re processing payments at a university where students will get their start toward their life goals. Even everyday contributions matter to the community as a whole. As a leader, provide people with vision and line of sight so they are crystal clear about the broader purpose of the organization and how their work fits into the whole. Also give them a sense of business literacy so they understand context and know how they can be proactive and make an impact. Taking these actions will give individuals a better experience, and also strengthen the overall community. PLAY Forbes Leadership Video Settings Full Screen About Connatix V175388 Read More Read More Read More Read More Read More Read More One Simple Strategy Gets You Through YourWorkday During These Turbulent Times 1/1 Skip Ad Continue watching after the ad Visit Advertiser websiteGO TO PAGE BELONGING When we are part of a thriving community, we feel a sense of kinship, camaraderie and connectedness. There is a place and a role for each person, and group members feel they can bring all of themselves to their work and their team. There are high levels of trust and psychological safety in which people know others will have their backs and will give them not only the benefit of the doubt, but the space to apply their talents and develop new ones. Within a strong community, people feel valued and all work has dignity. In addition, the needs of each member and the needs of the whole organization are fully met. As Plato said, “The part cannot be well unless the whole is well.” Communities take care of their members and vice versa—because they are invested in the collective success of the group. The strength of our bonds matters too. A just-published study by Ohio State University found people feel more supported when their networks are more tightly knit. In other words, when your own connections know each other, you’re more likely to feel supported. Build your community by staying in touch with people—even if you have to accomplish it virtually. Invest time and energy in maintaining your bonds. Send a quick note to someone you haven’t seen in a while or call a more distant acquaintance. While making a phone call may seem very yesterday, a new study by the University of Texas Austin found voice calls can create stronger bonds than text messages. Also, demonstrate compassion and help others feel a sense of belonging. New findings published in the Journal of Neuroscience found people made better decisions when they considered others. After yoga, invite a new attendee to have a physically-distanced coffee with your core group, or ask for input from a colleague on your project. People appreciate being welcomed and valued. The sense of belonging you extend strengthens the whole. As a leader, hold regular one-on-ones with your staff members. Have frequent meetings with your team so you can coordinate tasks and ensure people are making meaningful connections. Encourage team members to pull each other in, obtain feedback and work through tough challenges together. Encourage people to build their social capital—their relationship ties (think: webbing) across organizations. Social capital is positive for people because it provides the opportunity for growth, learning and advice. And it is good for organizations because social capital helps people get work done more effectively and efficiently. RESILIENCE Strong communities are always evolving. They aren’t immune from tough circumstances, instead they adapt and become stronger as they cope together. The most effective communities support members who take risks, try new things and go out on limbs to create and innovate. Effective communities also embrace conflict and diversity—working through differences of opinion and making space for civil discourse and the learning that occurs from appreciating multiple points of view. New research published in The Economic Journal found the most novel, disruptive innovations, and those which linked technologies across and between fields were most likely to arise within cities. This was because the networks in cities were denser—with more people exchanging ideas and testing new thinking across social and professional groups. Build your community by seeking new learning and stretching your own skills. When people within communities are continually developing, the communities themselves progress as well. Help members of your group who are struggling by encouraging plenty of expression, especially from those with fresh or novel opinions. Innovation often comes from the edges— previously untested, untried or unpopular ideas. As a leader, encourage career growth and support people if they try something new and fail. Don’t let perfection get in the way of progress. If you’re not seeing some mistakes or missteps, your team may not be reaching high enough. When work is stellar, recognize it. Also hold people accountable for performance, while also making room for team members to stretch. We are craving community and cannot live our best lives without it. Our mental health and our physical health literally depend on being part of strong and capable communities. Remind yourself how much you matter, and take action to strengthen and sustain your community. Follow me on Twitter or LinkedIn. Check out my website or some of my other work here. Tracy Brower Follow I am a Ph.D. sociologist and the author of The Secrets to Happiness at Work exploring happiness, fulfillment and work-life. I am also the author of Bring Work to Life ... Read More * Editorial Standards * Print * Reprints & Permissions Cole Mason On The Trials And Tribulations Of Raising Capital Video Player is loading. Play Video Pause Unmute Current Time 0:04 / Duration 0:15 Loaded: 100.00% 0:04 Stream Type LIVE Seek to live, currently behind liveLIVE Remaining Time -0:11 Share 1x Playback Rate Chapters * Chapters Descriptions * descriptions off, selected Captions * captions settings, opens captions settings dialog * captions off, selected Audio Track * en (Main), selected Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaque Font Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall Caps Reset restore all settings to the default valuesDone Close Modal Dialog End of dialog window. Close Modal Dialog This is a modal window. This modal can be closed by pressing the Escape key or activating the close button. This is a modal window. This modal can be closed by pressing the Escape key or activating the close button. SHARE: COLE MASON ON THE TRIALS AND TRIBULATIONS OF RAISING CAPITAL COLE MASON IS THE COFOUNDER OF AUCTION SITE PEARPOP. 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