“To help us understand quitting, we look at a couple of key economic concepts in this episode: sunk cost and opportunity cost. Sunk cost is about the past – it’s the time or money or sweat equity you’ve put into a job or relationship or a project, and which makes quitting hard. Opportunity cost is about the future. It means that for every hour or dollar you spend on one thing, you’re giving up the opportunity to spend that hour or dollar on something else – something that might make your life better. If only you weren’t so worried about the sunk cost. If only you could …. quit.”
From a post titled The best advice I ever received by Bob Borson …
“This has everything to do with you making someone elses life easier. You manage to do that on a consistent basis, people come to rely on you and know that you can be counted on. Eventually, you move beyond being the first choice and become the only choice.
The caveat to this advice is if you can’t follow through, you need to let someone know the instant you realize it.”
From Dr. Phil’s book titled Life Strategies …
“Get real with yourself about your life and everybody in it. Be truthful about what isn’t working in your life. Stop making excuses and start making results.
If you’re unwilling to acknowledge a thought, circumstance, problem, condition, behavior, or emotion–if you won’t take ownership of your role in a situation–then you cannot and will not change it.”
From Peter Bregman of the Havard Business Review Blog Network titled Arguing Is Pointless …
“Think about it. You and someone have an opposing view and you argue. You pretend to listen to what she’s saying but what you’re really doing is thinking about the weakness in her argument so you can disprove it. Or perhaps, if she’s debunked a previous point, you’re thinking of new counter-arguments. Or, maybe, you’ve made it personal: it’s not just her argument that’s the problem. It’s her. And everyone who agrees with her.
In some rare cases, you might think the argument has merit. What then? Do you change your mind? Probably not. Instead, you make a mental note that you need to investigate the issue more to uncover the right argument to prove the person wrong.”
From an article at SixWise.com called How to Most Effectively Pick Your Battles …
We’re all given a finite amount of time in a day, and it’s up to each of us to determine how to spend it. In relationships (with kids, with a spouse, and so on), we’re faced with many conflicts everyday, and you may be tempted to fight through each of these conflicts, to ensure you get your way, to prove that you’re “right,” or maybe just because you feel challenged. But most experts agree: choosing your battles wisely is a much better way of life than battling out every disagreement.
Although they may seem important at the time, most battles are NOT worth fighting.
According to Dr. Richard Carlson, author of Don’t Sweat the Small Stuff … and It’s All Small Stuff, “Often we allow ourselves to get all worked up about things that, upon closer examination, aren’t really that big a deal. We focus on little problems and concerns and blow them way out of proportion.”
It’s up to us to choose to either make a big deal or simply let it go, and, according to Dr. Carlson, if you learn to choose your battles wisely, you’ll be far more effective in winning those battles that truly are important to you.
Posted as a comment by Jack at Morality and Ideology …
I have an operational rule that I use in my own life. “Often wrong, but never in doubt.” I don’t mean that as a joke. In order to accomplish anything, you have to execute with confidence and certainty. On the other hand, you have to recognize that you will often be wrong. That means you must be willing to change. I know it is a paradox in theory, but it works in practice.
A quote from Laura Karet, an executive from Giant Eagle supermarket chain on CNBC’s documentary Supermarkets Inc: Inside a $500 Billion Money Machine Laura Karet
“We’re very fond of the term ‘search and reapply’. And actually something my grandfather used to say … you don’t have to be smart, you just have to know who to copy.”
Advice is from Peter G. Peterson, Co-founder and Senior Chairman, Blackstone Group …
“Focus on those things you do better than others. That has been enormously helpful in defining our business strategies. For example, when we [Peterson and co-founder Steve Schwarzman] were setting up the Blackstone Group in 1985, many argued that Blackstone should invest in hostile LBO transactions. We felt that our advantage was that we were on friendly terms with many American CEOs and boards. So we took the contrarian position. We would only do strictly friendly investments. As a result, so-called corporate partnerships have become a major foundation – and a very profitable contribution – to our business.”
From the book 7 Keys to Success by Will Edwards …
” … we need to notice what is working and what is not; and be prepared to change our approach in order to get what we want – that is the essence of flexibility.
A wise person once said, “If you always do what you’ve always done, you’ll always get what you’ve always got”. That is a wonderfully true statement – in other words, if you continue doing exactly what you are now doing, then don’t be surprised when you don’t see any increase or change in your results.”
From a post titled Get Ready for Promotion – Showing what you can do . Communicate your desire. Here are some steps you can take to make your wishes known:
- Identify a role or position toward which you want to work.
- Using your knowledge of the organization, find out what experience and skills are needed to get that job.
- Work with your boss to set performance objectives so that you can achieve the necessary skills and experience.
- Network with people in the company. Let as many people as appropriate know what type of role interests you. Seek advice on how to prepare for that role.
- Ask for the promotion when it becomes available. If you aren’t ready yet, use this as an opportunity to develop the skills you need.
Uplifting post from Lori Deschene titled 10 Reasons It’s Awesome Life’s Not Fair
“You may say life’s not fair—and I think you’d be right. But how does it serve us to dwell on that idea? Who benefits when we indulge bitterness, frustration, or anger? Or perhaps a better question is: who suffers?
I say we see we take this unavoidable truth and appreciate it for the possibilities it provides. Life isn’t fair, but that’s awesome because:
9. It encourages you to ask yourself the question: “Do I want to be a victim?” Every day we have countless opportunities to blame other people for situations in our lives. We can curse everyone from the mailman to the president for somehow screwing up our day. Or we can commit to taking responsibility for our future, and learn to repeatedly assess how we can accept and improve our life.
8. It reminds to appreciate what you have when you have it. It’s a harsh reality that you can lose anything at any time. Your boss could lay you off after a decade of loyal service; your husband could walk out the door even though you’ve been a faithful, loving wife. This tells me we need to cherish what we have at all times. And really, any reality that forces you to be present and grateful is a gift.
2. It allows you to experience really interesting situations (by Dani of Positively Present). Imagine if everything always went smoothly. You got everything you wanted, never struggled or dealt with hardships. Wouldn’t life be pretty boring? The “unfairness” we perceive in the world pushes us into unknown territory which makes everything more exciting, and gives us opportunities to stretch ourselves.”
Link to all 10 reasons
According to the Harvard Business Review, “The number one criteria for advancement and promotion for professionals is an ability to communicate effectively”
In the book ‘Everyone Communicates, Few Connect’, John C Maxwell writes “the ability to communicate and connect with others is a major determining factor in reaching you potential”. He defines “connecting” as the ability to identify with people and relate to them in a way that increases your influence with them.
“Why is this so important? Life is too short to be miserable for any length of time. You want to be useful and productive to your family, coworkers, and business. You want to be appreciated for your efforts. You are appreciated more if you find positions and companies that believe in your strengths.”
From a post titled The Single Best Piece of Business Advice I have ever Received. Advice from a banker with decades of experience chose to share this advice with the author of this post …
“He told me that if I wanted to succeed I had to prepare better; dig deeper to uncover the real risks; anticipate questions and objections in advance; and generally research more and speculate less. At one point he smiled and said – “Son, I’ve had a very long and successful career because I always aimed to be the best prepared guy in the room.”
This advice struck me like a thunderbolt and I never forgot it. Since that day 21 years ago it has been a bedrock principle for how I have operate. In times of uncertainty it has provided me with some protection from calamities occurring. It has reduced the number of “surprises” I encounter to a minimal level. Ultimately, it has stopped me speculating and providing opinions unless they are well-thought through.”
Advice is from Michael Hyatt to the Owen Graduate School of Management students and an inspiring response by Lindsey Nobles…
“What I love about these two simple sentences is that they get to the heart of the two things that have the ability to limit my success in life, and in leadership.
Pride And Fear.
I NEED to be reminded that I don’t know as much as I think I know. I need to approach my days with humility. I need to learn the art of listening with an open heart, and an open mind. And I NEED to be reminded that I am capable of more than I can would ever dare to imagine.
My fear limits my possibilities, my dreams, and my faith.”
From the web site Paul’s Tips…
“In many cases it’s true that you shouldn’t give up too early. But at the same time, it’s a wise person who realizes when their efforts are futile.
The idea that those who keep sailing ahead despite all odds and “damn the torpedoes” are the most successful is a seductive one, and it has a certain element of truth to it. But at the same time, successful people also know when the best path is to quit. It’s simply not true that being a “quitter” is synonymous with being a “loser” in every single case. It’s time that myth was shattered.”
John Sculley, Apple’s former CEO talks about the “Steve Jobs methodology”…
“What makes Steve’s methodology different from everyone else’s is that he always believed the most important decisions you make are not the things you do, but the things you decide not to do.”
From a post titled Is there something you want? Why not ask for it
“One of the big differences that I’ve noticed between those who get what they want and those who don’t comes down to one simple behavior – whether they’re willing to ask for it.
Having the courage to ask for what you want can help decide whether you’ll have a successful life or not.
Whether it’s for a date, a raise, a new job, a friendship or simply a discount on something you buy – asking for what you want is a very powerful thing.”
From David Maister’s informative blog, Perspective on Careers …
- The cold, hard, truth is that you’ve got to look after yourself.
- You can’t assume that anyone is really looking out for your best interests (in spite of what they may say.)
- There may be a human resources department in your firm, managers, coaches and a mentoring system. But don’t get fooled. Your career is up to you and you alone.
- No one will tell you what experience you should be obtaining, let alone help you get it.
- If you want a specific experience, ask for it.
- Better yet, just go grab it.
- Do not expect that you will be promoted because you deserve it – it is unlikely that anyone is really keeping track.
- If you want to be promoted, ask to be promoted.
- Generally, things do not come to those who do not ask for them.
- None of this means you should be rude, disrespectful to others, or fail to be a team player. It just means don’t be naïve.
- In spite of what they may say, it’s up to you. You’re on your own, kid.
- Manage your own career. No one else will.
Simple and concise advice from Rebecca …
“Which is to say, nearly every task seems more difficult in anticipation than execution. Discipline is easy once you have momentum. Going to the gym is hard when you have to plan on going to the gym, and easy when it is simply what you always do on Tuesdays and Fridays.
Make a habit of doing rather than not doing.”
See the ten things that keep us from getting started at a post titled Whats Stopping you from Getting Started by Dustin Wax.
From one of the best business minds ever … Tom Peters. I’m a huge fan of Tom Peters but I never have followed this advice. Not because I don’t trust or admire his judgement – but because I’m bored by the notion of “underpromising”.
The “Underpromise and overdeliver” principle suggests it’s better not to promise something to your customer that you cannot keep than to under promise and to surprise your customer with good service.
I’ll admit, I’m torn on this advice but I tend to agree with this post by Chris Reaburn Service Rant: Underpromise, Overdeliver …
“Underpromise / overdeliver originated as a way for managers to advise their reports to manage expectations as an internal CYA, ensuring neither they nor their bosses would ever have to face the embarrassment of a missed commitment – a self-protective, “how to fulfill what is asked without failing / casting a negative light on our silo.”
The problem is that the first part of the equation gets fulfilled. Under committing is easy – it just means that you don’t promise to do as much as you know you’re capable of. But faced with someone not complaining about the level of care they receive, they forget to over deliver. Conserve resources. Get satisfied (lazy) delivering what is “good enough”. Ride the self-created perception of satisfaction rather than putting forth the extra effort to delight & surpass what the customer is expecting.”
By Richard Templar Rule 4 of Work: Carve Out a Niche For Yourself and appeared in the Financial Times …
“The easiest way to get noticed at work (at least in the positive sense) is to find some specific way in which you are uniquely talented and use it to your advantage. Exceptional ability in a specific area will help you stand out more to the people who can promote you.”
“Carving out a niche means spotting a useful area that no one else has spotted. It might be as simple as being great at spreadsheets or report writing. It might be, like Mike, knowing something no one else does. It might be being brilliant with scheduling or budgets or understanding the system.”