According to University of Scranton, only 8% of people achieve their New Year’s Resolutions. Why is this number so low? Researchers say our resolutions are often intangible, too extreme, and too long-term. We use terms like “lose weight” or “get out of debt.” Instead, be more specific and make a concrete checklist or to-do list of obtainable goals, outlining specifically how you plan to achieve your New Year’s Resolution. For example, if you want to get out of debt, your checklist might look like this: Transfer credit card to low-rate card Only charge what can be covered Eat out once every two weeks Close unused credit cards Put a freeze on credit Sign up for a personal finance class Buy Suzy Orman latest debt book Consolidate student loans Researchers say that if you … [Read more...]
The Only Thing That Matters: Trading Theory for Action—and Results
"In theory, there is no difference between theory and practice. But in practice, there is." -- Yogi Berra, American baseball manager. "Human beings must have action; and they will make it if they cannot find it." -- Albert Einstein, German-American physicist. Procrastination. Perfectionism. Waiting for more information. Fear in all its forms. There are dozens of reasons—probably hundreds—for staying safely within your comfort zone rather than stepping out into the dangerous, prickly world of change. Some may even seem logical. After all, you're going to face change whether you like it or not; so why deliberately add even more to the agenda? Well, there's the old "stagnation is death" argument: If you don't change, you can't grow. But maybe you don't care about growing, just … [Read more...]
Making 2014 Your Most Productive Year Yet: The ONE Thing You Can Do Every Day
I'm not a big believer in New Year's resolutions. Frustrated by bad habits like procrastination, disorganization, or a lack of exercise, many of us vow to change. We make a New Year's resolution such as, “This year, I'll walk on my treadmill three times a week!” By March, the treadmill is gathering dust down in the basement. Defeated, we give up further attempts to change. Why does this happen? I believe it’s because we don’t make reasonable resolutions to begin with and thus fail to keep the ones we make. So people either stop setting goals (never a good choice), or they make resolutions that are ridiculously easy to keep. The solution? Stop focusing on massive gains. Instead, make it your goal in 2014 to improve 1% each day. If you can improve 1% each day, you’ll double in ability … [Read more...]
Congress, Deadlines, and (Lack of) Productivity
I was interviewed today for a piece on Marketplace, the public radio business and economics program, based in the show’s Washington bureau. I got so fired up I decided to write it down and get your take. I was asked about all of the deadlines Congress faces after the Thanksgiving holiday (to come up with a budget, to avoid “sequestration,” to pass a funding bill, and to raise the debt limit, etc.), given that legislators have already missed or extended many previously. I was asked to comment on the Congress’ productivity and what they can learn from a “productivity expert.” Okay, so first they would have to learn how to be productive. What is productivity? A ratio of input to output. This Congress is the most unproductive in history. If you take the number of days congress has been in … [Read more...]
Outgrowing the Old: The Necessity of Change Management
"He who rejects change is the architect of decay. The only human institution which rejects progress is the cemetery." -- Harold Wilson, British politician. Successful businesses have always adapted readily to change, but at no time in living memory—and likely at no point in history—has adaptability been a more desirable business trait than it is today. Given our recent economic difficulties, in combination with accelerating technological sophistication, change occurs almost daily—whether we want it to or not. The greatest obstacle to necessary change is a reluctance to modify or abandon procedures that have become familiar and comforting. But a flexible, agile organization has no choice but to change in the face of reality. As German philosopher Friedrich Nietzsche once pointed out, … [Read more...]
Whistling Up an Orchestra: The Value of Teamwork in the Workplace
"There's no I in team, but there is in win." -- Michael Jordan, American basketball player. Those of us who gravitate toward leadership in business organizations—or create our own businesses as entrepreneurs—tend to be the independent sort. It seems ironic, then, that we achieve our highest levels of productivity only when we come together as teams. The fact remains that human beings are social creatures. We couldn't have been otherwise and risen to become this planet's dominant species. Nearly everything worthwhile we've achieved has come about as a result of team effort. Even those we often perceive as lone-wolf geniuses—people like Einstein, Mozart, and Da Vinci—worked in a collaborative milieu (e.g., science and music) or surrounded themselves with talented people they could … [Read more...]
Don’t Think Yourself into a Corner!
The human imagination is a wonderful thing. When you throw open the floodgates of creativity and embark on a brainstorming session, you can formulate any number of ways to deal with an unsettling problem. Afterward, you can test your ideas to see which one will work best for your specific situation. This is where some of us run into the brick wall of overthinking. Ironically, creativity can be a drawback if allowed to range too freely, especially if you have trouble evaluating the ideas you've dreamed up. I recently read an article in which the authors criticized "idea monkeys," creative people with so many bright, shiny ideas they can't bear to settle on just one and explore it fully. Until they learn to prioritize and focus on their best ideas, they won’t accomplish much. The other … [Read more...]
Output, Not Busywork: The True Key to Productivity
"Don't confuse activity with achievement." -- John Wooden, American college basketball coach. "Beware the barrenness of a busy life." -- Socrates, ancient Greek philosopher. All my career, I've personal fought my tendency to “stay busy,” as if by doing so, I’ll inevitably be more productive...as if constantly getting things done, one after another, were somehow enough to ensure success. Intellectually, it takes very little effort to refute this tendency, though the proof never seems to get through to the people who need it most—from the $100-an-hour executive micromanaging his $10-an-hour assistant, to the teams who spend fifteen hours a week in meetings and spin off report after report, trying to figure out why they aren't more profitable. Hard work is necessary to succeed in any … [Read more...]
Maximizing ROI: Continuous Improvement as a Core Value
“If you’re any good at all, you know you can be better.” -- Lindsay Buckingham, British musician. Good enough is good enough, right? Perhaps that’s true for cleaning your house or writing an email, but as a leader, you know that can be a dangerous attitude. Complacency kills companies, much more quickly and thoroughly than ever before. You and your team must always strive to get better at what you do, because as Oliver Cromwell put it, "He who stops being better stops being good." If Cromwell's name rings a bell, that's because he was a master at bettering himself. He rose from relative obscurity in his 40s to become one of the chief politicians of early 17th century England. He participated in the English Civil War as a member of the Parliamentarians or "Roundheads," rising to a … [Read more...]
Continued Progress Requires Constant Reevaluation
Like that children's song, some workplace tasks just never seem to end (“It’s a small world…”). They constantly cycle, and you can't shift your attention away for long, lest something slip out of whack (sorry for getting that song in your head). As exasperating as this may be, it's the reality. Consider, for example, the constant reevaluation of personal and team workflow. Few things are more necessary—or, in the end, more rewarding. The "good enough for government work" argument doesn't cut it in the white-collar world. So it makes sense to reexamine your tasks regularly, always looking for easier, faster ways to do them. Begin by reading widely in your field, so you know about new breakthroughs and theoretical approaches. Once you have a new workflow process up and running, keep a … [Read more...]