I realize all you young go-getters would work 25/8 if possible; however, heed this advice from a 20-year business veteran who tried that: 1. You can't maintain a breakneck pace forever. Sure, you have to invest plenty of time getting your business aloft, but you shouldn't still be working so hard three years later. Something's gotta give—don't let it be you. 2. Protect your time. Keep external challenges from destroying your focus and eating your precious time. Block out time to concentrate on your strategic priorities and erect barriers against interruptions. 3. Know when to unplug. If you don’t take care of yourself and get the R&R you need, you won’t have the energy to take care of your business and other people. Carve out personal time to do the things you enjoy, away from work … [Read more...]
Slow Decisions Can Kill Your Momentum
"A peacefulness follows any decision, even the wrong one." -- Rita Mae Brown, American novelist. "In a minute there is time for decisions and revisions, which a minute will reverse." -- T.S. Eliot, British poet and playwright. The ability to consistently make good, solid decisions lies at the heart of any productivity initiative, especially those affecting entire teams or organizations. Those of us concerned with maximizing positive outcomes have invented a wide variety of guidelines to help people make such decisions. Some experts argue that all significant decisions deserve careful consideration and consensus building before implementation, which results in a slow, deliberate decision-making process. I can't say they're necessarily wrong, because decision-making style depends at least … [Read more...]
In the Decision Comes the Dilemma
It’s the little moments that count. Specifically, one moment: The space in between choosing what to do or what to work on next. It’s that second when you think to yourself, “Okay, what should I do next?” In that space of time, you choose to be productive…or not. We face these moments in the normal course of our days. They represent a fork in the road, where we choose our behavior. For example, if someone cuts you off in traffic, in that split second, you choose whether to flip him off and or apply the brake. It’s not that you’re still not angry¬—you are—but you’re making a purposeful choice in how you’re going to let your self-talk manifest itself. If your partner is in a foul mood and says something snippy to you, in that following second, as you inhale, you choose whether to escalate … [Read more...]
Tightening Your Focus
The modern leader's biggest problems rarely stem from a lack of commitment or work ethic. Most of us are quite willing to work hard, and often for a distressing number of hours. And it's not as if we don't understand time management; anyone who has made it to a significant leadership position has mastered the basics, or they wouldn't occupy their current post. The real problem is that many leaders haven't learned to expand and refocus their understanding of time management to take into account the realities of their new positions—even as they accrue more and more power over the lives and livelihoods of more and more people. As you climb the corporate ladder, your ability to focus on your strategic priorities becomes increasingly important. With every rung, your actions impact the company … [Read more...]
Ruthless Productivity
Looking for the SPEED formula? Click here. "This is a ruthless world, and one must be ruthless to cope with it." -- Charlie Chaplin, American actor. "Human nature is potentially aggressive and destructive and potentially orderly and constructive." -- Margaret Mead, American anthropologist The word "ruthless" often gets a bad rap in the business world—and well it should, when companies mistreat clients, vendors, or employees. But in two business cases, ruthlessness is acceptable (even essential) within reasonable limits: when striving for a greater market share, and when trying to maximize your personal productivity. Both flavors of ruthlessness will make you unpopular among some groups—your competitors on the one hand, and certain co-workers on the other. But you don't work for your … [Read more...]
Rising from the Ashes
In the modern business world, we sometimes tout failure as a virtue that almost inevitably leads to success. Popular examples include Thomas Edison's 1,000+ unsuccessful attempts to improve the light bulb before hitting on the right solution, and Bill Gates' unsuccessful first business. Experts tell us repeatedly to fail forward, to fail as fast as possible, to dare to fail—because it makes us smarter and better in the long run. So it was refreshing to encounter a Harvard Business School working paper called "Performance Persistence in Entrepreneurship" that takes the opposite perspective.[i] The authors discovered that brand-new entrepreneurs succeeded just about as often as those who had tried before and failed (18% vs. 20%). The most successful entrepreneurs were those who had already … [Read more...]
Nailing It: Helping Others Implement Your Strategy
"The best CEOs I know are teachers, and at the core of what they teach is strategy." -- Michael Porter Your value as a leader stems largely from your role as team visionary, the person who defines the priorities for your group. In the modern workplace, you do this best not by executing decisions, but by engaging your team members’ energies. Your ultimate goal should be to channel their efforts, abilities, and dedication in such a way that they align as closely as possible with the strategic priorities of your organization. So easy to say—but so hard to do. Once you've formulated your strategy, be prepared to focus like a laser and direct every bit of energy you can spare toward implementation. That doesn't mean you have to run yourself into the ground to accomplish this, but you do have … [Read more...]
It’s Really Laziness
Spotting incompetence is simple. Look for the people who know full well what they need to change about themselves to be more productive but refuse to do so. We all have flaws and areas in need of improvement. That’s normal and healthy. Moreover, sometimes these weaknesses remain for a time in our blind spots. But the moment an employee’s awareness has been raised, he has an obligation to begin remedying the flaw, not celebrating it. Those who do single themselves out as such are incompetent. You know the ones. Here are some unbelievable but true examples: 1. “Yeah, I know I need to organize my files, but that’s just how I am. Always been this way. You should see my clothes closet at home!” Gee, now there’s an advertisement to broadcast! When employees telegraph their areas of improvement, … [Read more...]
Just Say No to Your Inner Control Freak
"Project management is God's gift to the control freak." -- Unknown. A forceful personality can provide certain advantages in a competitive workplace, helping you work your way up the ladder more quickly than you otherwise might. But fair warning: if your favorite management slogan is "my way or the highway," expect a few delays in your drive to the top. Granted, you can survive with this attitude, especially if you're a genius or use less-than-scrupulous tactics to advance. But nobody loves a control freak. Your subordinates will never you give you 100% if you disempower them, hover over their shoulders, or constantly disparage their abilities or judgment. They'll either resent you or will get so nervous they won't be able to do their jobs right. And if you're always in their business, … [Read more...]