ARTICLES
Written By Rich For You.
To Succeed, Sometimes You Need To Change Your Game.
Now to your career. Sometimes when faced with an unmoveable obstacle, you need to change what you are doing. The more hard-headed you are - the bigger the obstacle will become. You need to try something new to either go around the obstacle or not deal with it at all.
Watching my son's baseball game last night, I saw the coach do something that I didn't like, but I know he had to do. They were down 2 runs and it was the last inning - they had to somehow stack the deck to even the score. What did the coach do? The sides changed, my son was about to be up at bat, and the coach made the decision to move the batting order around (they are allowed to do that) to favor some of the more heavy hitters. What happened? They tied it up and eventually won the game.
Now to your career. Sometimes when faced with an immovable obstacle, one needs to change what they are doing. The more hard-headed one is - the bigger the obstacle will become.
Try something new — either go around the obstacle or don't deal with it at all. Some suggestions:
- Job boards and recruiters are not helping your job search - try networking and connecting with influential people.
- Someone on your team keeps complaining about their work — give them one of your projects to work on — they might shut up.
- Feel stuck in your position — build your potential — read books, go to lectures, take a course. Start a blog! Expand your horizons.
- Continuously at meetings all day — stop attending 1 or 2 of them. See what happens. Leave early/show up late.
- Have an open door policy? Nice guy — no time to do anything else. Limit your exposure to the troops. Close that door.
- Current contact list not delivering that job? Time to make a new contact list — get out there and meet some influential friends. Do you know your mayor? Your representative? You should — they are well connected individuals — call them for an appointment today.
- Boss not listening to you? Try another communication method. If email is getting lost in the shuffle, pick up the phone or even better, stop by his door for a quick 2 minute discussion.
- Resume not getting any response? Time to update it with better keywords, action verbs and most of all - Be Concise! Still not working? Try a resume writer (call me for the best ones).
Bottom line - stop hitting your head against the wall. Changing your game — even a little bit — might make all the difference. You might hit a home run.
Stretch Your New People.
I hear it all the time from my clients when hiring — "I can't find someone that is "just right" for the position." Or "They don't meet all the qualifications for the job." Well - they're wrong. You need to STRETCH your new people's potential.
I hear it all the time from my clients when hiring — "I can't find someone that is "just right" for the position." Or "They don't meet all the qualifications for the job." Well - they're wrong.
It's a big mistake to expect that the possible candidates have to own ALL the qualifications for the said position. Why?
1. It's unrealistic. Even in times like these, where there are a lot of people on the street, the system of finding the right person with the perfect qualifications is slim to none, and slims out of town. What happens is that the recruiter or HR associate puts unrealistic demands on every candidate at the start and rarely lets anyone with real potential in. They focus on capabilities and not on personality.
2. It's not long-range thinking. Think about hiring for a bank manager. If you hire a previous bank manager with all the qualifications for the position, they're going to be pretty bored within six months doing the same thing that they did at their last location. Once you learn how the company 'works' and all the people's personalities - the job gets pretty basic after awhile. Then they get bored, sloppy, or start bothering you for a promotion.
You need to STRETCH your new people. The basic rule is to hire at least one grade below the stated position to ensure that you are challenging that person. What will happen? For at least the first year while they step out of their comfort zone they will push themselves and build new potential. In addition, when you stretch your pick, you might find that they do things differently from the previous manager — who might find innovative ways to attack their position and motivate their troops.
For those that are in the market looking for that position, use this info as a retort to the interviewer's response that you might not have the requisite experience for the position (by the way - a frequent excuse used ALL the time). Tell them that it's better to hire someone where it is a stretch - they will have more content employees that are consistently challenging themselves and doing things differently.
I'd love to hear your thoughts on this - feel free to leave your feedback in the comments section below. Thanks!
Out of Work? Here's How To Socially Network & Get That Job!
By Robert "Scobleizer" Scoble at Scobleizer.com.
Robert is the KING of Twitter, Facebook, All software, and social marketing in general. This article hits so many personal points I discuss with clients that I just had to post it. So let's all lift our glasses - here's to Robert!
I’m getting a LOT of chats from people who have been laid off. Most of the time I find that they just aren’t presenting a good face to me for me to help them find a new job.
If you are laid off, here’s what you need to do:
- Your blog is your resume. You need one and it needs to have 100 posts on it about what you want to be known for.
- Remove all friends from your facebook and twitter accounts that will embarrass you. We do look. If we see photos of people getting drunk with you that is a bad sign. Get rid of them. They will NOT help you get a job.
- Demonstrate you are “clued in.” This means removing ANYTHING that says you are a “social media expert” from your Twitter account. There is no such thing and even if there were there’s no job in it for you. Chris Brogan already has that job and he’s not giving it up.
- Demonstrate you have kids and hobbies, but they should be 1% of your public persona, not 99%. Look at my blog here. You’ll see my son’s photo on Flickr once in a while. But mostly I talk about the tech industry, cause that’s the job I want to have: talking to geeks and innovators.
- Put what job you want into your blog’s header. Visit Joel Spolsky’s blog. He’s “on software.” That’s a major hint that if he were looking for a job that he is totally, 100%, thinking about software. If you want a job as a chef, you better have a blog that looks like you love cooking.
- Get rid of any 'smart' name/acronym like "LOLCats". Do not argue me on Twitter about this. Google finds Twitters. Do you want your future potential boss noticing that you post LOLCats all day long? Believe me, you do not. It will NOT help you.
- Post something that teaches me something about what you want to do every day. If you want to drive a cab, you better go out and take pictures of cabs. Think about cabs. Put suggestions for cabbies up. Interview cabbies. You better have a blog that is nothing but cabs. Cabs. Cabs. Cabs all the time.
- Do not beg for links. If you did the above, you can Twitter me and say “check out my great software blog” though. Include @scobleizer in the tweet so I’ll see it. I’m an egotistical person so I read all Twitter replies that include my @scobleizer name in them. Hint: I haven’t met a blogger yet who is not an egotistical person. Take advantage of it. But no begging.
- If you want to be a plumber, look for other plumbers to add to Twitter, friendfeed, Facebook, and LinkedIn. Remove all others. Be 100% focused on what you want to do.
- On Twitter you can tell me what you had for lunch, but only after you posted 20 great items about what you want to do. Look at Tim O’Reilly’s tweet stream. Very little noise. Just great stuff that will make you think (he wants a job as a thinker, so do you get it yet?)
- IMPORTANT: Invite influentials out to lunch. Getting a job is now your profession. If you were a salesperson, how would you get sales? You would take people out to lunch who can either buy what you’re selling, or influence others who can buy. That means take other bloggers (but only if they cover what you want to do) out to lunch. That means taking lots of industry executives out to lunch.
- Send out resumes. Make sure yours is up to date and top notch on LinkedIn and other sites where employers look for employees. Craig’s List. Monster. Etc.
- Go to industry events. I have a list of tech industry events up on Upcoming.org. If you want to be a plumber, go to where contractors go. Etc. Etc. Make sure you have clear business cards. Include your photo. Include your Twitter and LinkedIn addresses. Your cell phone. Your blog address. And the same line that’s at the top of your blog. Joel’s should say “on software.” Yours should say what you love to do. Hand them out, ask for theirs. Make notes on theirs. Email them later with your LinkedIn and blog URLs and say “you’ll find lots of good stuff about xxxxxxxx industry on my blog.”
- When you meet someone who can hire and who you want to work for - Follow them on Twitter. Facebook. LinkedIn. Their blog. Stalk them without being “creepy.” Learn everything you can about them. Build a friendfeed room with all their stuff. That way when they say on Twitter “I have a job opening” you can be the first one to Tweet back.
- Tell others where the jobs are. One thing I learned in college is by helping other people get jobs you’ll get remembered. So, retweet jobs messages (if they are relevant to your professional friends and to you). Blog about job openings. Help people get jobs. Hold lunches for people who are jobless. Some of them will get jobs and they’ll remember you and invite you along.
- Do what you want to do. Let’s assume you’ll be laid off for a year. Are you going to lay around on the couch waiting for a call? No. You will do exactly what you want to do. Want to be an engineer at a great startup? Go and volunteer to work there for free. Make sure you do a blog post about every day you do what you’re doing for free. Say “I could do this for you, call…”
- Do some work on SEO. Make it possible for people to find you. THINK about how people would search for someone with your expertise and skills. Here’s how, Visit the Google AdWords Keyword Tool. Do a search on a word that you think represents best what you want to do. I just did one for “Electrical Engineering” and it brought up a ton of great info about what people are searching for. Include those terms in your blog. And, even better, blog about those things!
- Remove any hint that you hated your old job from all your online things.
Good luck. It sucks. I know that. I was laid off last time and, who knows, might be laid off again, but if you’re doing all this stuff and you aren’t finding a job, let me know. You know where to find me.
Don't Give A Speech — Put On A Show.
When you attend a workshop, keynote, or lecture, you usually go to see the speaker not to hear what they have to say. You know what they have to say. That's why you go to see them.
When you attend a workshop, keynote, or lecture, you usually go to see the speaker not to hear what they have to say. You know what they have to say. That's why you go to see them.
How many speeches have you heard? How many of them can you remember? See where I'm going? They're all blah . . . blah . . . blah.
In a song, we first remember the melody and then we learn the words. Instead of giving people the benefit of your wit and wisdom (words), try painting them a picture.
Tony Robbins is a master of this art form. Even if you don't like him or his message, you have to say that he is a powerful speaker. His arena events change people's lives — he uses music, visuals, and physical energy to rev up the crowd. You don't need to be like Tony, but you can appreciate some of the elements of his talks.
Bottom line, the more strikingly visual your presentation is, the more people will remember it. And, more importantly, they will remember you.
Leadership Blind Spot: Recognizing Your Team.
We all forget to do it. You focus on work, meetings, reports, etc. and ignore the most powerful leadership tool you have in our arsenal - recognition and acknowledgment. When you neglect it, your teams tend to wander and lose focus. When you regularly insert it into your leadership practices, you'll have the best performing and energized team money can buy.
"There are two things that people want more than sex and money - recognition and praise." - Mary Kay Ash, Mary Kay Cosmetics
We all forget to do it. You focus on work, meetings, reports, etc. and ignore the most powerful leadership tool you have in our arsenal - recognition and acknowledgment. When you neglect it, your teams tend to wander and lose focus. When you regularly insert it into your leadership practices, you'll have the best performing and energized team money can buy.
1. Be A Star Catcher. Regularly "catch people doing things right" and recognize them for it. And, Make recognitions self-perpetuating by recognizing those who recognize others. Remember: What gets recognized gets reinforced, and what gets reinforced gets repeated.
2. Develop A List of At Least 20 Ways To Recognize Others. Some ideas to get you started: a homemade Thank You Card or Praise-A-Gram; small gifts: special assignments, etc. If you would like the best Rich Gee recognition tool - check this out.
3. Customize The Recognition You Provide. Ask each member of your team how you can best demonstrate your appreciation for them. Then provide "different strokes for different folks."
4. Let Everyone "Hold The Trophy". Be sure each contributing member shares in the recognition for achievements.
If you practice and regularly schedule (not with a calendar, but in the moment) these tips — you will realize that some of the best things in life are free!
10 Killer Executive Interview Questions (to ask and answer).
Interviews have morphed into very weird experiences for my clients. I've heard some of the most stupid questions, tests & assessments come out of highly respected organizations. My opinion? I think they're lazy.
Interviews have morphed into very weird experiences for my clients. I've heard some of the most stupid questions, tests & assessments come out of highly respected organizations.
My opinion? I think they're lazy.
Bottom line — you want a good candidate for that position? You'll have to work for it. Ask very specific questions and see HOW they answer.
Here are some of my favorite questions I would ask executives interviewing for a position under me (I found it in an old file from my days in corporate):
1. RESULTS - Tell me about the results you have achieved at your last two positions. How did you achieve them? What was the effect to the business?
2. KNOWLEDGE - Give me an example of how you understand my business (broad). Where do you think the growth areas are? Where do you think we can do better with customer experience? Give me an example.
3. RISK - When was the last time you took a risk? What did you learn from it? (Cause & Effect - learn from mistakes; learn from successes).
4. COMMITMENT - Show me how you are committed to your customers, associates, peers?
5. COMMUNICATION - Tell me about a time when you communicated effectively (up-down-across — effective, clear, convincing).
6. SPEAKING UP - Give me an example when you pushed back, made some noise, offered constructive dissent.
7. STYLE - From where do you manage (Desk, email, phone, floor, in-person)? When do you make your BEST decisions?
8. PEOPLE - What are you currently working on (personally)? What are your people working on? How do you grow them?
9. EXECUTION - What actions do you take to deliver on time? How do you connect yourself to priorities?
10. ROLE PLAY - Show me how you solve problems (I give them a typical scenario they would face in that position).
You can easily modify these questions for yourself - whether you are promoting internally or hiring externally. You can even develop powerful PARs (call me, I can explain - 203-500-2421) for YOUR interview and talk to these points. You will come off looking like a true professional.
How to kill e-mail (before it kills you).
E-mail has become a pandemic disease. Here's the cure.
By Mike Elgan at Computerworld
The average executive spends two hours a day on e-mail. That adds up to roughly one day per week.
We probably waste a lot of time every day on phone calls and meetings, too. The difference is that the demands on your time don't grow automatically as they do with e-mail.
E-mail has become a pandemic social disease. The more you get, the more you send. And the more you send, the more you get.
And I'm not just talking about e-mail viruses. The longer you use it, the more of it comes at you. The quantity of e-mail you get grows and never stops growing.
In the 1990s, e-mail was all good. At first, you had to be on the same office system or consumer service to exchange e-mail. But then the Internet made it possible to send messages from AOL to CompuServe, and from CompuServe to MCI. E-mail was wonderful. You could search it. You could send attachments and links.
Slowly, gradually, e-mail became something else. Every communications medium has its own costs and benefits. But with e-mail, the costs grow over time as the benefits shrink.
What's wrong with e-mail? In a nutshell, the medium is perfectly designed for information overload. Both message size and quantity are essentially unlimited. Unfortunately, electronic communication is like a gas: It expands to fill its container. It's way too easy to copy everyone and "Reply All." It's also easy for companies to automate the sending of e-mail. There are almost no barriers to an unlimited number of people sending you an unlimited quantity of random stuff. But your time and attention are truly limited.
Because e-mails tend to be so many and so long, it's not friendly for reading on a cell phone. So, as we become more mobile, e-mail becomes less compatible with how we live and work.
E-mail has always suffered from another flaw: It facilitates miscommunication. When you're typing out words, you're thinking one thing, but the receiver can perceive your intent as something else. You're being funny. They perceive hostile. The reason is that humans are designed to communicate with words, facial expressions, body language and hand gestures all together. When you send only cold, black-and-white words, the other person can easily read into your message inaccurate intent or emotional content.
The experience of using e-mail has become like walking through a bad, big-city neighborhood at night. This person wants to rip you off; that person wants to offer you drugs or some shady sexual service; yet another is trying to infect you with a virus. You're literally dealing with organized crime syndicates every single day. Who needs that?
Everything -- from the most important business communication to love notes from your spouse to software that will damage your computer to bank fraud -- is all dumped into the same in-box in random order. In order to find an important message from your boss, you have to wade through raw sewage.
Meanwhile, the most precious resource you have is your own attention. At the very least, e-mail is a massive, constant distraction. And because you really do live in an attention economy, all that objectionable e-mail you get every day is taking money away from you and your company.
While the signal-to-noise ratio of e-mail has declined, other forms of communication have emerged and improved. Now we have free video messaging, chat, social-network messaging and Twitter.
Those are nice, but that e-mail just keeps coming.
It's time for you to reboot your entire communication strategy and start over. The goal is to transition to better forms of communication, and stop using e-mail altogether -- at least stop using it the way you have been doing. Here's how:
1. Set up a Twitter account. You can use your account as a way for people you don't know to contact you.
2. Set up a "public" e-mail account as a data repository. Use an online e-mail service. I prefer Gmail because it has better spam filtering and better search than other services.
Use the public address for whenever you set up an account with any service and it requires an e-mail address, and give it out as your one e-mail address. In most cases, you can just use your existing e-mail account for this.
Set up an autoreply message informing e-mail senders that you do not check this e-mail. If they would like to contact you, they should call you on the phone, message you on Facebook or send you a direct message on Twitter. But here's the trick: Give them only your Twitter name, not your phone number or Facebook profile address. (People you know should already have your phone number or Facebook profile. If they don't, they can ask on Twitter.)
(If you want to explain what you're doing, just link to this article in your autoreply and let me explain it for you.)
The purpose of all this is to set up a barrier or a filter. If people want your attention, they'll have to earn it. Only real, motivated people will be able to contact you, not automated message servers, not Nigerian scammers. When they do, they're forced by the system to keep it short. If you don't want to hear from them again, you can block them on Twitter with one click.
If you have to send long-winded e-mails for whatever reason, you can use this public account to do so. If others have to send long-winded e-mails to you, they can use this address, too. But they'll have to inform you on Twitter, and you can decide whether it's worth the trouble.
Whenever you need to access the stuff that flows into this e-mail address, you use Gmail's search feature to find it. It works just like Google itself.
3. Set up a "secret" e-mail account for content. This second account is for content, namely e-mail newsletters. Use whatever service you want for this. Move all your subscriptions to this account. Now, whenever you want to read your newsletters, you can do so without spam or all the other clutter and junk that normally accompany e-mail.
4. Set up a Facebook account. I recommend doing all messaging with people you actually know well (friends, family and co-workers) on Facebook because people need your permission in advance to send you messages.
5. Set up a Skype account and get a webcam. When you get in the habit of using Skype video calls instead of certain types of e-mail, you'll skip all the needless miscommunication that happens with e-mail. Let's say you need to discuss a personnel issue with a subordinate working in another city, or discuss a personal matter with a relative. Do yourself a favor and do videoconferencing. It will be faster, and you'll communicate without misunderstandings.
The idea here is to take all that stuff you're getting via e-mail and separate it into an appropriate place. Each type of communication is directed into a vastly more effective process based on who's sending it.
Random information is autofiled into a searchable system in case you need it. Newsletter content is all put in one place so you can read it with concentration. Strangers are forced to contact you on Twitter in a short message. Friends, family and co-workers that you approve send you messages on Facebook. And video Skype is for any conversation prone to miscommunication.
Once you've set this up, you've eliminated e-mail from your life, and with it, the spam, scams, junk, long-winded messages and other massively time-wasting garbage. Meanwhile, you're forcing anyone who wants to consume your most precious of resources -- your time and attention -- to get permission in advance and keep it short. And it's all mobile-friendly, too.
If killing e-mail is proscribed by company policy, you'll have to modify these instructions. A typical scenario is that an employee is required to give the corporate e-mail address to business contacts and to reply to e-mail on the company system. But you can still redirect all Web site sign-up traffic, e-mail newsletters and other stuff to the "public" and "private" Gmail accounts. You can urge colleagues or contacts to call you, or use chat. In other words, you can minimize, rather than kill, your company e-mail. And, of course, you can kill your personal e-mail.
E-mail is a disease. By taking strong action to cure yourself, you'll radically reduce the quantity of messaging in your life, while improving its quality.
Six Steps To Think Like A Millionaire.
Rich people have a different way of thinking as compared to poor and middle class people in a given society. They think about money, wealth, themselves, other people, and live life from a different perspective.
Rich people have a different way of thinking as compared to poor and middle class people in a given society. They think about money, wealth, themselves, other people, and live life from a different perspective.
From Mindcafe.org
Keep in mind, beliefs are not true or false and right or wrong, but they are merely past opinions which can be modified on your command. In reality, you can select to think in ways that will support you, instead of thinking in ways that lead to despair. This is important - stay with me . . .
1. Rich People think: “I made my Life”. Poor people’s thinking is “Life happens to me.” If you wish to make wealth, it is important that you believe you are at the hand wheel of your life; and that you create every single second of your life. Your financial life, in particular.
If you don’t accept this as reality, then you must admit you have little control over life and that financial success has nothing to do with you. This is not a rich mental attitude.
In place of taking the task for what is going on in their lives, poor people prefer to play the character of a “victim”. Certainly, any victim’s biggest thought-action is “poor me.” In keeping with the law of intention, that is exactly what they acquire; “poor,” as in money, me.
Here’s the simple solution to this problem, which I guarantee, will change your life: For the coming week, I advice you not to sound off in any way. Neither complain about anything using your mouth, nor think unhappy in your mind. You will be surprised with the results and how successful and serene your life will become. I promise.
You can be either a victim, or you can be rich! It’s time to recall your mind power and admit the fact that you create every single second of your life. You create your wealth; you create your poverty and everything in between.
2. Rich People always participate to Win the race. Poor people take part in the race on defense rather than offense. This is actually their main problem. Let’s suppose, if you are strained to run strictly on defense, what are the chances for winning the race? I think the majority will agree; slim and none.
All the same, that is how literally most people participate in the race. Their main objective is survival and security, not wealth and abundance. So, it’s the time for you to decide: What is your objective?
Rich people’s major concern is to become the lord of countless wealth. Poor people’s major concern is to have “enough to make the living…” Few extra bucks, for them, would be a marvel to go!
Again, rethink the power of intention. When your objective is to have enough to make your living, that is precisely how much you’ll get. Not even a coin more! You get what you really plan to get. If you wish to create wealth, your objective has to be “rich”.
3. Rich People are devoted to being Rich. Then again, Poor people are uninterested towards being rich. Most of us have logical reasons as to why it would be superb to be rich. But what about the other perspective? Are there reasons why it might not be so good to be rich or experience the process of struggling to get rich?
We actually have a file on wealth in our minds. This file comprises of our personal beliefs that include why being wealthy would be good for us. However, for many people, their file also contains information as to why being rich might not be so good. These people have varied internal messages particularly around money and wealth.
Few of them will think, “Having more wealth will make life a lot more enjoyable.” Conversely, others think like, “Uh-huh, but I’ll have to work harder. So how the heck is that comfy?” Some will say, “I’ll be able to move around the world.” Then again, the others react like, “Nah! Every person in the world would like to have something from me.”
Such confused messages are one of the biggest reasons that most people can not manage to become rich.
Actually, the biggest reason why most people don’t get what they want is, they do not know what they exactly want.
Rich people are firm about what they want -- They want money. They are steadfast in their belief. They are fully devoted to creating wealth. They are ready to do whatever it takes to create wealth. Rich people get it because they do not spread confused messages in the universe.
Getting rich is not a fleeting thought. It takes solid determination, skill, effort and passion. You have to truly commit to it, both consciously and subconsciously. You have to determine you can really do it and that you really deserve it. If you are not fully devoted to creating wealth, chances are you will not get and stay rich.
4. Rich People Think Big. Poor people think small. Believe me - everything will change the day you will begin to think big. You want to do big or small? It’s totally up to you. Remember, it’s not about you. It’s about living your objective. It’s about living true to your objective. It’s about attending to others.
Most of us are so caught up in our egos that everything turns around “me, me and more me.” I repeat - it’s not about you. It’s about adding value to others’ lives. Again, it’s totally up to you. The first way leads to being ruined and full of misery. While the other leads to wealth, meaning, and success. So, be wise while making your selection.
5. Rich People Are Bigger than Their Problems. Poor people are smaller than their problems. Getting rich is an expedition, not a holiday. It is full of difficulties, gimmicks, and twists. The point here is that, success is messy, and for the same reason, most people don’t take it. In other words, they don’t want problems in their lives.
This is one of the greatest differences between rich people and poor people. Rich and successful people are larger than their problems, while poor and unsuccessful people are smaller than their problems.
Poor people will do almost anything to shun problems. They are afraid of accepting challenges. The irony is that, in their pursuit to ensure they don’t have problems, they have the biggest problem of all: They are unhappy and full of misery.
The secret to success is not to try to keep away from problems. Problems are to be solved when they arise. You should be bigger than any problem. Whether you are rich or poor, doing big or small, problems do not get away. If you are taking a breath, you will always face problems in your life.
What’s essential to recognize here is that the size of the problem is never the main issue. What really matters is the size of you! Bear in mind, your wealth can only grow to the extent that you want!
Grow yourself to an extent where you can conquer any problem that gets in your way of achieving your objectives, and keeping it once you have it. So, do not complain about problems because millionaires are financial warriors and when a warrior faces a challenge, he always says: “Just Bring it on.”
6. Rich People give attention to Opportunities. Fact: Poor people give attention to problems. Fact: Rich people observe potential growth and focus on the rewards. Fact: Poor people observe potential loss and focus on the risks.
It’s a long-familiar question: Is the glass half empty or half full? We’re not merely discussing “positive thinking” here. Instead, we are discussing a usual way of observing the world. Poor people come from panic. Their minds are continually reading for what is going wrong in any situation. The most crucial element of their attitude is “What if it doesn’t work?” or, more honestly, “It won’t work.” Rich people, on the other hand, take liability for creating their life and have the mentality, “It will work because I’ll make it work.”
In the monetary world, it’s evidenced that the risk is directly proportional to reward. The higher the reward, the greater the chances of risk. Rich people are always willing to take that risk. They are confident in their ability and creativity, and look ahead to succeed. On the other hand, poor people always fail to imagine, hence they imagine to fail.
You have to think outside the box. Buy something or start something in order to create wealth. You have to focus on opportunities for success all around, instead of focusing on risks and problems. All the best!!!
Things I learned from Warren Buffett.
I just went back to my notes from a video of Warren Buffett speaking his mind. Here are a few of his tips on investing, business, and life.
There are no called strikes in the ballgame of investing. You do not lose a single penny by passing on any given investment. Even if someone else hits a homerun with it, doesn’t mean that you are missing out. That said, you will have to swing the bat if you ever want to get anywhere. Just make sure it is a good pitch.
Do business with people you like and who share your objectives. Money should not be only consideration when making business decisions. We have all worked with some people who we would have paid any amount NOT to work with. If we could quantify joy and happiness, it would be easy to see that working with people you like would far outweigh the joy received by getting more money with bad business partners.
Invest in companies selling products that consumers are not concerned with price.
It’s not about the biggest motor, but the most efficient motor. A smaller company that is run efficiently is going to do better for their shareholders than a mammoth company with wasteful spending.
Don’t worry about what the stock market will do, focus on what the company will do. Good companies can and will go up even in the middle of falling market.
With stocks it is hard to know WHEN something will happen, but it is easy to know WHAT will happen. Everyone seems to be concerned with the WHEN, but focusing on the WHAT seems to yield a nice fruit.
Find companies with endless demand for their products. Funeral homes will always be needed, because people are still dying.
Leave your children enough money so they can do anything, but not enough that they don’t have to do anything.
Decision making abilities fade as cash flow increases. If you only have $5 in your pocket until the end of the week, it is likely that you will make a good decision with it, because it is all you have. On the other hand, if you have $100 for the week, your decisions regarding a $5 purchase are far less critical since you have another $95. Therefore, people tend not to treat those decisions with the same respect they would if it was their last $5.
How To Manage The Unmanageable.
Due to many interpersonal, generational, or behavioral elements — you will always bump into the troubled employee. How do you manage them?
Many times during my 20+ years of corporate management, I ran into certain team members who just didn't play by my rules. This is not a rare situation in business and there are three clear outcomes:
You ultimately fire them. (bad)
You understand how they 'operate' and then you integrate their style into your processes. (better)
You teach them how to work within your management structure. (best)
Of course the first is the last resort, but I've had to do this on a number of occasions — usually do to the associate's disinterest of their position. In the end, it's better for the both of us.
The second outcome, being flexible, is a better outcome, but causes you to modify your management, their communication, work habits, delivery for each of your team members. That's okay when you have 1-2 direct reports, but it becomes unmanageable when you have 5-7. Now some will disagree with me (and I encourage your comments!) - and you might manage your team this way presently - but the personalized nature of this management style will cause you to spend more hours than necessary trying to understand, manage, and navigate each personality.
So, the third — have them work within your management style is the best. Why? They ascribe to your schedule, your input/output of communication, and they align with your measures of interaction with their teams. Another side benefit is that they learn another management method that might be better than their own, developing a flexible work style that will benefit them for their entire career.
One way I got my team to report to me is to use this basic template each time we had a status meeting:
What did I accomplish?
What is planned for next week?
Long Term Projects (with deadline dates)
Concerns & Issues (with solutions)
If each team member filled this out, I could immediately see what they got accomplished, what they will be working on, what is on the horizon, and what obstacles they are running into. The only two rules — they have to keep it to one page and the bulleted items underneath each area must be short phrases - not run-on sentences. This allowed me to review quickly and make comments. Our meetings were quick, focused and powerful.
In addition, they then review their week and slowly become more delivery focused. No more run-on projects without an end date. At the end of the year, it also makes their review soooo easy - they just review a summary of their sheets.
Thank you.
I'm overwhelmed by your enthusiasm!
I've received 200+ responses over the past 24 hours from friends, colleagues, clients, and strangers (who are now friends) on my new site launch.
Not only congratulations, but sincere, precise, and constructive feedback - the backbone of any website launch. Over the next few weeks, my team and I will be integrating many of your great ideas into my site, my newsletters, my tweets, my facebook updates, and linkedin profile. WOW.
It's pretty evident that there is change in the air business-wise. Your massive response reinvigorates and redefines my beliefs on Connecting.
Thank you - Rich
There are three types of people in this world.
Those who make things happen.Those who watch things happen. Those who wonder what happened.
Which one will you be today?
We use the Robert Langdon/Sophie Neveu characters from Dan Brown's The DaVinci Code as examples with many of our clients. What are they like?
Smart - top of their professions.
Heroic - will do what has to be done.
Action-oriented - when confronted with a problem/obstacle, they take action.
Focused - thinks deeply about the topic at hand.
Clever - thinks outside of the box.
Communicative - takes charge, but not in an offensive way.
We can go on and on. Bottom line, these two characters present personas that one can use to take action, rather than retreat and let someone else take a chance. It might sound funny or ridiculous - but next time you find yourself in an uncomfortable situation, one where you are forced to step out of your comfort zone - pick a character - and focus on their strengths, make them yours, and you will initiate action immediately.
Short Term Thinking.
What ever happened to Five Year Plans? Long Term Planning?
It's probably the reason why our economy is in the state it is currently in.
It's most likely why many companies fail to grow and just keep things the same.
It's the reason why your team is always questioning your decisions.
It's the reason why there is massive churn at the top of many companies.
What ever happened to Five Year Plans? They became dirty words over the past 10 years. Anyone who ascribed to a 3-5 year plan was not a forward thinker, someone who was not 'up with the times', or a 'Web 2.0' executive (by the way, Web 2.0 as a descriptive term has been dead for a long time).
What the business glitterati forgot is that long term planning is focused on a GOAL - and the route to that goal might change - and even the goal might change. Unfortunately, the latest fad 'state' of executive management is to come on board and throw out everything that was done before and start anew. Then your successor comes on board (after you have received a very handsome golden parachute) and throws out your plan and begins anew. And so it goes.
I charge that this cleansing of capitalism must wash away the flippant ways of past executives. We need the captains of industry to lead with bold visions and stay the course - and never waver. I hope I am right.
What long term plans do you have?
Focus on your career, not work.
highway1
Sounds a little contradictory, doesn't it? Aren't you supposed to work at work? Doesn't your career progress based on your work? Yes and No. Of course you are supposed to work at work. That's how you get things done. Unfortunately, most executives spend too much time working and not enough time on their career. What do I mean by career? Here are some examples:
What is your 30/60/90 day plan for your career?
Who do you know? Who do you need to know, meet and develop a relationship?
Are the projects/initiatives you manage important/critical to your company? Which ones are?
How is your company doing? How are your competitors doing?
Should you stay or go to another company?
Most of the time, we get so caught up in the meetings, the emails, the reviews, and the interpersonal crises, that we lose our long-term vision. Worst-case, after 3-5 years, you are still doing the same-old-stuff, working the same old projects, with the same old people - and you are ripe for a layoff.
Your job is to look at your career through career glasses - monitor and measure where you've been, where you are, and where you're going. Regularly measure what have you accomplished, what are you doing right now, and what you're future prospects might be. Ask yourself the bulleted items above — you'll find that you will have direction, defined activities, and clear goals.
When you are on a trip (that's really what your career is - a loooong trip with regular stops), you need to always know where you are going to end up. If you don't, then it's just a ride — and you don't want to just coast through life.
My first mistake in 2009.
I made an incredible blunder the other day. I let the media and other people's perception of our economy get me down. Boy - I got REALLY nervous. Scared that I was losing clients, businesses were shuttering left and right, thousands laid off, dogs and cats falling from the sky -- real apocalyptic thinking. And this is from the guy that has "decided not to participate in this recession"! Have you been there lately? So I immediately sat down and came up with these three tips to learn from my mistake:
Don't drink the Kool-Aid. The news is sensationalized and fear sells. Things are rarely as good as they seem and things are rarely as bad as they seem.
Negative thinking will not move you forward. Look for the positive, find solutions, and don't dwell on the past or fear the future. Live in the present.
Embrace your fear. When people get scared, they get smart and they take action. Re-vision your career -- if things are changing, you change. Don't get caught in 'old-think' -- interact with people and clearly see where the wind is blowing -- then act swiftly.