The power of freedom

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As a result, the system we built in the mortgage department accounted for 1.6% of our revenue. I asked the head of this department, "Can you make it cheaper?" He replied, "I can." I then asked, "Are you willing to reduce costs from 1.6% to 0.9%?" He said, "I'm willing." I offered him a bonus of 800,000 rubles if he achieved this goal. The department head agreed and began working differently. Previously, he focused on increasing quantitative metrics; now he had to lower costs. Competing on cost is always more challenging. Anyone can do something without considering the budget, but achieving specific results within a set budget requires true professionalism. Therefore, when assigning tasks to employees, I always take their productivity and efficiency into account.
So, what happened next? The department head actively began automating processes, eliminating redundant functions, distributing tasks among departments, and using chatbots for customer communication. He also proposed training realtors in new working methods. Six months later, costs for this department were reduced from 1.6% to 0.9%. We awarded the department head an 800,000-ruble bonus, and over the next five years, the company saved about 80 million rubles by streamlining this process.
When you set the right priorities and recognize the collective competencies of your team, empowering people and defining their areas of influence, they begin to work in your company as if it were their own business. Real transformations happen when individuals know they are trusted. The results of their work speak for themselves. An entrepreneur's motivation isn't always tied to money; people value the sense of responsibility and the belief that they can impact outcomes. And, of course, the need for recognition remains important!
If I had simply given the head of the mortgage department money without expressing my trust in him and emphasizing the significance of his task, would that have worked? Probably not. It's the combination of many factors that matters. I believe that there are opposing forces at play that need to be sensed and harnessed. When you feel them, you can adjust your approach like a sail.
With a well-structured system, it's possible to create multiple points of entrepreneurship, even while leaving part of the process bureaucratic. This is enough to instill an entrepreneurial spirit within the overall culture and help the company achieve its desired goals.
Chapter 10. About the Feeling of Unity with the Company
What’s my interpretation of being completely aligned with the company?
1. Feeling that you’re a part of the team. When a person has a team, they are responsible for each member. It is crucial for me that my employees find their work engaging. My greatest fear is losing my team and stalling in my own development. I want those who believe in me not to be disappointed. That is my worst nightmare. Perhaps it was this fear of disappointing those around me that drove my transformation, which became critically important for me. I realized that I couldn't let them down. Every entrepreneur must be prepared for the fact that even if everything seems fine to them, it may not be the same for their people, and this moment will inevitably come. One must be ready for the organization's goals to go beyond personal aspirations, and one must take responsibility for them.
2. Seeing the company as part of yourself, especially when it comes to evaluating your identity. Over time, people begin to judge a person not only by their personal traits but also by what they have created. If an entrepreneur understands this, they will do everything possible to ensure their business thrives. I have encountered many entrepreneurs who, for various reasons, separate themselves from their business: "This is me, and this is my business. The business can be bad, but I’m not. I’m good." However, I believe that if my business is struggling, then I’m not succeeding either. This mindset means I take full responsibility for my venture.
3. Enhancing a sense of inner significance. Working in a company is part of the process of developing my ideas and beliefs. If these beliefs fade away, it means my ideas and core ideology disappear as well. Losing my ideology is equivalent to losing my identity. Realizing this fact was a pivotal moment in my life, which I can now articulate clearly. The company "Etagi" is an extension of myself. When I understood this, everything fell into place.
4. Aspiring to pass my business on to my children. For me, this opportunity is very important as it represents the continuation of my work. Involving my children in business matters, even during tough times, has always been a priority for me. I am willing to overcome any challenges to ensure that my business continues to live and grow.
If thoughts about work don’t evoke positive feelings and emotions in a person, it means they haven’t reached a stage of true passion for their job yet. The chances are that things won’t turn out as well as they hope.
Both leaders and employees should feel united with the company: the more engaged they are in their work, the better the outcomes. Of course, each company has its own rules, but it’s essential to create a culture where employees take their work as seriously as entrepreneurs take their businesses. If this doesn’t happen, the results will likely fall short of expectations. Employees who aren’t engaged with the company’s mission may not be motivated to pass on their knowledge to future generations; they might simply aim to stay in their positions as long as possible, seeing no further prospects for themselves. They may not want their work to reflect the company’s values. Within the company, everyone should strive for their ideas to be realized and for their efforts to be recognized. It’s crucial to establish a system that ensures employees think in alignment with the company owner, valuing their work as if it were their own business.

Me, along with the Deputy Director of "Etagi" in Surgut – Gnativ Rania Railievna, and on the second row from left to right Dydalina Regina Andreevna – the Executive Director of ‘Etagi’, and her deputy – Fattakhova Svetlana Sergeevna, attended the Board meeting in Moscow. While there, we visited the Bolshoi Theatre with our colleagues. January 2023.
For the employees of the company, I strive to create an environment of responsibility and opportunity similar to my own. When I come into the office and see that eight out of ten people are just hanging out at their desks, doing nothing, I always recall a phrase by Vasily Utkin, my favorite commentator: "Do you think we're playing football here? We're living life." This phrase applies perfectly to business and resonates with both entrepreneurs and employees.
It is crucial for a company to be a natural extension of its leader. If a leader doesn’t adhere to the principles they advocate, the organization won’t thrive. A leader can’t pretend to be someone else for a long time. Therefore, the key question is: what are the internal values of the entrepreneur?
Leaders often try to follow the "right" examples that they see in books about management, but they don't always succeed. Sooner or later, there comes a turning point when the discrepancy becomes too obvious. This is why many organizations fail quickly.
True success is only possible when the principles of the organization align with the true values of its leader. For example, when a person gains extra weight, they can carry it without much effort. However, if you give that person a 20-liter bottle of water, they won't be able to carry it for long because that weight feels different. The same happens with companies: it's essential to avoid anything artificial. What is not natural for the company becomes a heavy burden.
When an entrepreneur builds a company sincerely, with love and an understanding of what they are doing, it reciprocates, becomes vibrant, grows, develops, and brings joy for many years. I understand that this raises the question: "How can one become the kind of person whose natural extension as a company will thrive?"
It’s important to consider that, firstly, all people are different; everyone builds something unique. Secondly, one must be internally ready to change in order to meet the needs of the company. Changing oneself is a complex process. I can name several key aspects that a leader should work on to change their approach and achieve their goals.
1. Learn to love and appreciate peopleNo matter what mistakes employees make, we must first assume that they want to do well and are making an effort, even if they are not succeeding yet. This mindset may clash with the views of many leaders, as we observe in our own company. Some employees who step into managerial positions often react sharply to others' mistakes, thinking, "What are you doing, you fool?" They genuinely feel frustrated by their colleague's failure. Therefore, the most important thing at work is to learn to perceive reality without negativity. This aligns with the teachings of many religions: eliminate negativity and learn to accept people as they are.

Congratulating my deputy – Karelina Lyubov Sergeevna on her Birthday. January 2023
Transforming one’s mindset requires significant effort from entrepreneurs. Often, entrepreneurial spirit can provoke passive aggression towards imperfection in others. It’s a paradox, but many talented people are critical of mediocrity and flaws. To foster a healthy entrepreneurial culture, it’s essential to value every person and acknowledge their right to be themselves. Leaders who fail to understand this will struggle; they will always feel unhappy at work because the negative energy of dissatisfaction will drain them. This is a channel that quickly consumes one’s energy. Sometimes, negative energy, like mild anger, can be useful as a catalyst. However, feeling internal discontent towards others is toxic energy that adversely affects both the individual and their environment.
2. Overcome one’s egoMany entrepreneurs tend to believe they are the smartest and most capable, thinking that only they have all the answers while others know nothing. I admit that it was not easy for me to change my perspective on this. Now, when I contemplate something, I always add, “What if…?” What if someone understands this issue better than I do? What if my old beliefs are preventing me from grasping their viewpoint?
Overcoming ego is a serious challenge. It’s impossible to simply ignore it or negotiate with it; it’s an adversary that won’t give you a chance to win unless you consciously fight against it. Sometimes, I even remind myself of this intentionally.
Once I realized how important it is to admit that someone else might be right, I became more tolerant, and it didn’t make me any worse. Among leaders, those who have managed to conquer their ego stand out positively. They are kind, attentive to others, and open to different perspectives. They earn respect for this; they are reasonable and easily compromise while maintaining their integrity.
For a company to progress, it is vital to create a system where its parts collaborate with one another.
3. Becoming an unconditional optimistFor business and for our culture, it’s important to believe that everything is going to be fine. I would even say that believing is not just important; it’s essential. Unfortunately, we often fear that things won’t work out, that something bad will happen, or that we won’t have enough resources, rather than believing that we deserve success and that we’re doing everything right. We tend to see threats and obstacles everywhere – it’s our default mindset. Many companies operate according to this principle: they are always prepared for things to go wrong instead of taking proactive steps toward achieving success. We need to shift our mindset to a more positive perception of reality.
The secret to my success in life lies in my ability to appreciate the little things, which helps me achieve greater things. I have a saying that I often quote myself: “Believe that anything can happen, and the best will happen to you.” In my opinion, there is profound meaning in this phrase.
4. Being ready to take risksThe ability to take risks is a skill that can and should be developed. I believe everyone should go through a transformation process to master it. For example, I used to be afraid of taking risks. In my first book, I emphasized how difficult it was for me to make long-term decisions. Surprisingly, every long-term decision carries increased risk.
The expectation function plays an important role here – it’s about managing risks that can be analyzed and understood as part of the system. The function of faith is the ability to bet on your future. Many people say, “I don’t go to casinos.” I rarely visit casinos myself, but when I go to Singapore, Las Vegas, Macau, or Monaco, I always stop by one.
I’ve noticed that the ability to place bets reflects a willingness to take risks. It seems to me that anyone who claims they don’t take risks or make bets is mistaken. If you can assess probabilities and feel them, that’s incredibly useful. You need to be able to control the game process and understand how to avoid becoming addicted to gambling. This helps maintain your health, manage risks, and know when to stop. It’s like training your inner “muscle.”
Releasing emotions is an opportunity to understand yourself, your nature, and your limits. Many people don’t even attempt to do this. I want to emphasize that I am against exploring these limits through chemical substances. In fact, I’ve never tried coffee in my life. I believe the human body is too vulnerable to chemicals.
Those who have tried alcohol, coffee, or cigarettes even once often find it hard to stop. When it comes to personal health, there should be no compromises. I am absolutely certain about this. I categorize personal health into several areas because it is scientifically proven that alcohol, nicotine, and drugs are very dangerous, just like coffee. Currently, companies that continue to produce alcohol, tobacco, and coffee actively lobby for their interests. I believe that in a hundred years, as society evolves and new types of leaders emerge, we will move away from these substances. In the early 20th century, heroin was sold in pharmacies and it was considered normal to use it, but now we understand how dangerous it is. I am confident that society will eventually realize this. Let me explain why this is so important. Our thoughts, feelings, and overall health depend on how our brains function. The chemicals I mentioned have a significant impact on those functions. However, it's always worth experimenting, trying new business ventures, exploring new routes, and visiting new countries. Experiments are beneficial, and we should push our boundaries.
I consider risk management in systems that don’t involve chemicals or life-threatening situations to be in the realm of extreme behavior. Smoking and alcohol consumption are sometimes referred to as hidden self-harm. The issue lies in the sense of moderation: you understand that something is harming your health, but you don’t stop because it brings you pleasure. In doing so, you’re hastening your own demise.
There are aspects of death that are beyond our control and can be considered acceptable. But why take risks for the sake of fleeting pleasure?
We often focus on the moment, but in real business, we need to consider everything that lies beyond that moment – things that are difficult to control. Unless a person changes, their company won’t change either. It won't seek new markets or approaches because the entire system will reflect the personality of its founder. Therefore, when I make decisions – even when they are difficult – I always keep in mind what I want my company to be and recognize that I must change myself first. This is extremely important. This is the fourth global risk: the transformation of personality.
5. Be hardworkingI strongly believe that only hardworking people can achieve outstanding results in their work, and I consider diligence to be more important than discipline. My typical workday lasts from 8 a.m. to 7 p.m., which means I put in at least 11 hours a day. I also work on Saturday mornings. A clear routine is the foundation of success. You can't stop and think that everything that needs to be done is already accomplished. When you stop working, you stop creating new value. In business, it's crucial to keep innovating; otherwise, your company could stagnate or even fail in a year or two.
Being a workaholic is essential for creating new value. Many people are afraid of doing something that no one has ever done before, but there's a law: the goal you set must be several times harder to achieve than the previous one. This continues until you've achieved them all. For example, when we built a successful business in one city, it was a fantastic achievement. But we didn't stop there; we aimed for new horizons. Out of a hundred real estate agencies in Tyumen, only one dared to open a branch in another city – us. And we kept pushing forward. Among all the agencies operating in one region, we were the only ones to expand our operations nationwide across Russia. Later, we took our business to the international level, where we began competing with tens of thousands of companies. At the next international stage, we found ourselves competing with only a handful of companies comparable to us in size. We earned that position. Great achievements are often easier to attain because there’s less competition. Just imagine the effort and risk involved in that journey. Our constant drive for new challenges has always pushed us forward, and this requires a willingness to take risks.

In the Etagi office in Thailand, clients receive the best service here! May 2024.
The principle of "being content with little while having much" resonates deeply with me. I believe that a person should always be prepared for the possibility of having fewer material resources than they currently possess. You can take risks when you have nothing to lose. I lead an ascetic lifestyle because I don’t want to depend on high income. I’m always ready to return to where I started. All the assets I own are currently worth the billions of rubles. Essentially, I am a billionaire. However, I prefer a modest lifestyle so that I don’t fear losing my current standard of living. My ability to manage risks effectively helps me grow my company. We are one of the few private enterprises in Russia that successfully generates significant revenue by providing services to the public. Our achievements are backed by precise record-breaking metrics.
I decided long ago that even with billions, I would always live simply. I don’t want to get used to luxury, and I fear losing the willingness to take risks and the freedom that comes from being unattached to money. If I ever aim to earn a guaranteed 20 million a month, it would be a nightmare. It would mean that I would have to reduce my willingness to take risks fivefold. Without this willingness, my entrepreneurial opportunities won’t expand. The entire system will reflect my fear of risk. These are fundamental truths that every entrepreneur must understand and consider on their way to transformation.
It's necessary to be willing to take a back seat at times. I have partners with whom I share the business, and I always adhere to the principle of being not the main person. I don’t interfere with final decision-making. Even if I hold status and authority, the final word in a specific city always belongs to the partner. It’s their business, and I’m just there to advise. I only step in during contentious situations, but the final decision rests with them. I firmly believe in the power of this approach. Those who do the work should be the ones to carry it out. Just because I have the right to intervene in all matters of the company doesn’t mean I have to use it. It should be used by those who are truly doing the work.
6. Do not place yourself above othersIt’s important to understand that a company’s success is built on collective efforts. When you see yourself as part of a team rather than elevating yourself above others, you create an atmosphere of collaboration and mutual understanding within the group. This approach allows everyone to work towards a common goal instead of pursuing personal ambitions.
Many managers, after reaching a certain level, begin to think that their word is law. They believe that if someone challenges their viewpoint, that person doesn’t belong in the organization. It’s crucial to recognize and embrace the idea that you are just one among many. Others have just as much right to have their own opinions as you do. This mindset should manifest in everyday life; you should be able to blend in and not stand out.
You should never pressure people with your authority, especially if you’ve already achieved success. In such cases, your opinion automatically carries more weight and respect. It’s essential to foster a culture in the company where everyone feels valued.
I strive for this in my company. At every meeting, especially if someone is participating for the first time, I say, “Guys, let’s remember that I’m one of you. Your opinions matter just as much as mine.” This helps create an environment where everyone can freely express themselves and feel like part of the team.
Some of our employees are very young, around 22–23 years old. I make it clear to them that I was once in their shoes: “Guys, at your age, I couldn’t even say a few words in English. Yet some of you speak it fluently now. You hold high positions, while I was managing a loss-making company with five employees back then.”
To those older than me, I say, “Let’s be equals; your ideas are valuable. You are immersed in your work constantly, while I only engage with your area of responsibility during meetings. Your insights are likely more accurate. I’m just here to ask questions, and you can convince me if I’m wrong. Let’s come to an agreement.”
There’s also a rule: “Anyone who stays silent in meetings and always agrees with me will stop being invited.” I warn that those who remain quiet will not be welcome at future meetings. This principle is tied to our entrepreneurial culture. I am a firm believer in the theory of equality among people. I appreciate the socialist principle I mentioned earlier: “From each according to their ability, to each according to their work.”
I admire the European approach to personal consumption, where even the wealthiest owners walk or cycle to work and don’t have bodyguards.
This might be the most appropriate culture for business. The state and society, when viewed from a broader perspective, reflect entrepreneurship. Truly successful individuals can indeed influence society. We’ve transitioned from autocracy to equality and then from equality to a new phase in the 1990s. I can say that since the 1990s, there has been a tremendous evolution in entrepreneurial culture in Russia – fantastic progress.
Business, just like life in general, needs a foundation. That foundation, in my view, is values. Over a long journey, everything can change except for values. If a system – a government or a business – constantly alters its values, it will not achieve great success. The process of forming values takes time; it may require 100–200 years. Within a company, this spans decades.
One of the reasons of our company's success, in my opinion, is that for the past 24 years I've been at the helm, our values have remained consistent, allowing us to operate steadily. We've observed that when a leader or owner changes, in 80% of cases, the company fails to achieve its previous success. This doesn't happen because the new owner is necessarily worse; rather, it's because they often try to change the core values. When values shift, everything falls apart.
The connection between the individual and the company is the foundation upon which the organizational system is built. Everything I discuss has grown from within me. When I was younger, my values and beliefs weren't as clear. However, the competitive market system we see today reflects my personality. Those who follow our company have come to realize how important my internal values, upbringing, actions, and principles are.





