Tag Archives: Success

Be a Quitter

17 Dec

What do Michael Jordan, Mother Teresa, and Albert Einstein all have in common? They are all quitters. And I mean BIG TIME quitters. Colossal, mega, super-quitters. In fact, one could argue that it was their unique ability to quit that made them successful.

Imagine this – it’s 1977 and you’re a college student living in Queens, NY. By day, you work as a furniture mover and are working part-time on an accounting degree and by night you perform stand-up comedy in some small local clubs. By all accounts, you are almost completely average at everything you do. Seeing your lack of progress, your parents force you to make a decision; either focus on your accounting degree or focus on your comedy. Thankfully, Raymond Romano decided that accounting wasn’t for him (which is too bad because he could have used that accounting knowledge to help him with the almost 500 million dollars he made over the course of Everybody Loves Raymond).

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“Moving furniture is shit.”

Now, most of us don’t have parents like Ray. Most of us are so afraid of the word, “quit” that we would never dream of dropping something that we invested a lot of time into. And it is for this reason, and this reason alone, that so many people fail to succeed. Why? Because in order to achieve something spectacular you have to have a laser-like focus on it and you already know that you can’t focus on several things at once. Confucius said, “he who chases two rabbits catches neither,” so if you want a rabbit, you’re going to have to decide.

Our problem is that we want to dabble in this and play with that. We want to try some experiments and we want to explore some possibilities. By this of course, we intend to play it safe and I’m as guilty of this as anyone (probably even more so). We want to “try.” We want to try so that when things fall apart we can easily jump ship. This is what separates those who achieve great things and people who almost achieve great things. Successful people know that in order to surpass their peers they need to be more focused and more committed than their competition. But what most people forget is that you only have a limited amount of resources. And if you’re going to focus on one thing, then you’re going to have to quit something else. In my coaching, I’ve found that learning to quit is one of the hardest lessons to learn, especially for high achievers.

So, in order to help you let go, let me remind you that being “good” at something doesn’t get you anywhere. A “good” basketball player may run rings around the guys at the local rec center, but he’s not getting endorsement deals. Being a “good” businessman just means that your company survives. It doesn’t mean that your company is truly adding value to its customers, employees, and the community…consistently. You may be “good” at a lot of things and while that may impress your Facebook friends, the world at large doesn’t care. The world only cares about excellence and the only way to achieve excellence is to focus. No one has ever built a statue to honor a dabbler.

So, what does this mean for you? Well, it means that you need to do some serious soul-searching. You need to figure out what kind of business you need to be in and equally importantly, the kind of business you need to get out of. Look at each piece of your life and make a decision to either quit or commit. Figure out what’s most important to you and put your time, money and energy there – forget everything else. If you have a hobby or you do something to have fun or relax, then by all means keep doing it. We all need to enjoy ourselves. Just don’t deceive yourself into believing that what you dabble in will amount to anything more than that.

Your time and energy are your most precious resources. It is the great equalizer. However, once spent, you never get them back. Ask yourself honestly, where do you spend your time each week and are those things moving you forward in the areas that are most important to you? If not, then I guarantee that you’ve got some time wasters in there. Cut those anchors loose and give yourself the freedom to pursue excellence in your chosen area.

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“This HAS been a lot of fun. So, listen…….”

In 1908, after eight years of hard work and learning the ins and out of his trade, Albert Einstein quit his job at the patent office to focus on his scientific research and teaching. In 1946, an Albanian nun named Teresa left her position in the convent to live among the poor of Calcutta. 33 years later she was awarded a Nobel Peace Prize. In 1994, Michael Jordan quit the Chicago Whitesox to rejoin the Chicago Bulls winning three additional national basketball championships in the process.

They were all average people who were “good” at a lot of things. What set them apart though was an above average clarity about who they wanted to be. They committed to that vision and they quit everything else. Every time you hear someone quote Vince Lombardy’s line, “A winner never quits and a quitter never wins,” just smile quietly. You know the truth. A winner quits lots of stuff.

10 Reasons Your Business Isn’t Working

17 Dec

The mechanics of creating and growing a business are not that mysterious. There are plenty of resources out there to help you. In fact, there is so much out there for you to learn from that if your business isn’t working, then the problem is YOU. In the spirit of telling you the truth so that you can turn things around, here are my top ten reasons why business leaders fail.

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1. You’re trying to screw over your customers. You think that getting them to pay $100 for a $10 product is doing good business. You’re wrong. They’ll see right through you and your fancy sales tactics. Give them more than they are paying for and they’ll beg you to sell to them.

2. You’re lazy. In the end, successful businesses are all about the hustle (and I don’t mean tricking other people). If you want $10,000 then you’re going to have to put in $100,000 effort. If you want to be good, then put in great effort. If you want to be great, then put in outstanding effort. Accept it and get to work.

3. You aren’t thinking creatively. You love to “think outside the box,” but you really aren’t. You’re in the same old box and you’re just climbing deeper and deeper into it. Get out of your comfort zone and ask the big questions, “If I could do that would it virtually guarantee my success?” Chances are there are a few Hail Mary plays up your sleeve if you just had the guts to try them.

4. You haven’t failed enough. The biggest hurdle to overcome on your way to great success is to have a little success. Think in terms of a season and not each game. Just because you won last week doesn’t mean that you will this week, so you need to keep switching things up. Sometimes you’ll lose. Good. Learn from your mistakes, but never stop making your services and your people better.

5. You’re doing too much. John Donne once said, “No man is an island,” and believe me, no one with their own island tried to do everything himself. Leadership is about influencing others toward a common vision. Delegate your work, trust the people around you, and share the rewards. Ask for help. Set the vision and then get other’s to work towards it.

6. You’ve got too much of an ego. You’d rather be a 20 pound fish in a 5 pound lake than a 100 pound fish in a 200 pound lake. So what if you’re not the biggest? So what if they’re are people out there better than you? Focus on your own results and stop worrying about what everyone else is getting.

7. Your product and your market don’t match. If you’re in the luxury market, then your products better be luxurious. If you’re in the common market then your products better solve everyday problems. Don’t over complicate things. Don’t try to cheat the system. The house always wins. Test your prices and figure out what you’re worth (not what you wish you were worth).

8. You don’t have a business plan. Is it better to be smart or to be lucky? In business, it’s better to be smart. You can’t plan for luck and you can’t make your payroll with luck. Don’t play dice with other people’s lives or your own. Think through all the angles, write them down and make a plan. Then stick to it.

9. You’re too clever. You already know how most people go about running their company, but you’re a lone wolf and you’re going to change the world!! Sorry to burst you’re bubble, but don’t try to out think the market. Trying to create a new market with your first business is like saying that you’re retirement plan is to win the lottery. Learn the mechanics of your business and your industry and perfect them.

10. You’re delusional. I’m a big believer in positive thinking (see When Positive Thinking Doesn’t Work), but sometimes the market just doesn’t support your product and you don’t know it (you would if you did #8). Should you give up and focus on something else or are you on the verge of a huge success? I’m not saying that I know the difference. I’m saying that if you’re in that business then you better.

Again, there is absolutely no excuse for ignorance. There is too much information and too many people out there right now dying to help you with your business (feel free to send me an email – consults are 100% free). If you aren’t succeeding then there is something wrong and more importantly there is something that YOU can do about it

Antecedents and Managing Your Temptations

16 Dec

The following is a true story. In 2006 a 18-year old Harvard freshman (let’s call him “Charlie”) was brought into a large room and sat on one side of an old oak table. On the other side of the table are the stern faces of his history professor, his academic advisor, the Dean for Academic Affairs, and the Chair of the Ethics Board. Charlie was accused of plagiarizing significant portions of his final paper on the Napoleonic Wars and, much like his essay’s antagonist, faced the threat of undignified exile.

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This was a particularly troubling case because Charlie was well-known across campus for raising money for local charities. The question is, why would this guy, who in most ways would be a model student, be sitting in a room answering questions about his moral fiber?

Understanding the answer to that question is important if you don’t want to sabotage your own success.

It turns out that Charlie plagiarized his essay because he was worried about getting it done on time. He found himself staying up all night the day before it was due struggling to formulate a single coherent sentence and in that weakened state turned to the internet for a quick solution. Charlie’s case is so common in fact that college’s actually use “start your papers early” campaigns as part of their ethics training. In this sense, procrastination itself is necessarily a bad thing, but it can dress bad things up in a nice red bikini so that it becomes a lot more attractive. Procrastination is what we call an “antecedent” to plagiarism. And the more you think about antecedents the more you’ll realize that like Charlie, your success has a lot to do with how well you manage your temptations.

You already do this to some degree. If you’ve ever set your alarm clock on the other side of the room because you know it will force you to wake up, then you know how effective this can be. So, if you’re prone to avoid performance reviews with your employees, then you better schedule it. If you’re tempted by the fattening foods at the company’s restaurant, then move your business lunch to the salad bar down the street. Setting yourself up to win is an important part of you overall achievement strategy. Your willpower is a limited resource (see: “Training Your Success Muscle”) so if you don’t already have a safety net in place when that time comes, then you are choosing to fail. Everyone knows not to lie, cheat or steal, so why do people they do it? In many cases it’s because they simply failed to manage their temptations. You may be feeling great right now about your progress, but when the going gets tough (and it will) what will you do then? And most importantly, what can you do NOW to ensure that you won’t become another Charlie?