Hi Everyone,

Happy Friday! Thanks for spending part of it reading The Lake Street Journal.

This week we’re talking about Phil Mickelson, short stories, and navigating big transitions. It’s a little light because I’ve been at the beach all week with my family, but I still think you’ll enjoy it.

Into the Hot Dog Stand

If you want to get the best out of your people, you have to have their back.

People become better employees and teammates when they feel free to speak their minds, take risks, and be creative without fear of getting blamed or yelled at.

Here's a concrete example from Phil Mickelson's caddie, Jim "Bones" Mackay:

"[Phil] took ownership of everything that happened out there, and that made my job way easier. To put that in context, if I'm on the 18th hole with Phil and he's thinking 7 iron and I'm thinking 6, and I talk him into hitting 6, and he hits it into the hot dog stand over the green and makes a bogie, he was always the guy that would turn to me and say,

'That's okay. I'm the guy that takes the club out of the bag, and ultimately the responsibility lies with me.'

That opened me up to be a far better caddie than I would've been if I was walking around on eggshells."

It's easy to have your employee's back when he does something great. But are you as supportive when he makes the wrong call?

That's the mark of a true leader.

What a World

A bunch of life lessons, disguised as stories, from Morgan Housel.

Let Go to Grow

I enjoyed this piece about navigating transitions—both for yourself and as a guide for others.

Basically, when we have an opportunity to grow, our brains are wired to make us feel fear—to protect us from the unknown. Leaning into this feeling, rather than running from it, is what allows us to take the next step in our careers, relationships, or wherever else we're facing transitions in our lives.

Give it a read if you're facing a transition or if you want to be prepared for the next one you will face.

Workout of the Week

This is a fun combination of body weight exercises and conditioning.

"Pump & Burn"

5 sets:

On a 3:00 clock:

• 5 strict pull-ups

• 10 deficit pushups (hands on 45# plates)

• Max cal row or bike in remaining time

Rest 3:00 between sets.

Your score is total calories for all five sets. I got 173 on the assault bike. Enjoy, and let me know your score!

Quote of the Week

"Much can be accomplished by teamwork when no one is concerned about who gets credit." - John Wooden

Have a question or a comment? Respond to this email.

Talk soon,

Joe