"The temptation to quit will be the greatest just before you are about to succeed." - Chinese Proverb
The temptation to quit was never more real than for Bob Parsons, the head and founder of The Go Daddy Group, Inc, just a decade ago. In a recent interview with Paul Anderson, writer of 50 Entrepreneurs, Bob Parsons revealed that he almost gave up on Go Daddy back in 1999. While today Go Daddy is the world's largest provider of domain name registrar's, in 1999, shortly after the dot com bubble bursted, they nearly ran out of money and Bob Parsons was left with a decision to either cut his losses or potentially go broke.
Parsons was confronted with the moment of truth so in an effort to sort it all out, he took a vacation to Hawaii to clear his head and make the ultimate decision on the future of his company. Something funny happened to him on that trip. While going through the deepest soul searching imaginable, he met a parking attendant who despite being Parsons age, was absolutely content with what he was doing. This man was happy and he loved his work. At that moment Bob Parsons gained his perspective. Describing the moment, Bob states, "And it hit me. I said to myself, if this business fails, the worst thing that can happen is I'll be parking cars, right? It was in that moment I decided that I was going to stick with the business no matter what. I was broke before and happy as hell, I could be again, and I didn't need all that money to be happy." Bob stuck with it and within two years, Go Daddy's cash flow situation was much improved and they were well on their way to being the hugely successful company that they are today.
Throughout history, individuals have encountered the same scenario as Bob Parsons - whether to quit and cut their losses or to push on through and potentially accomplish something great. The fear of failure is often so strong that many people give up too early and are hesitant to take their ultimate personal risk. It is human nature to avoid negative and harmful situations so it becomes easier to choose the path of least resistance as opposed to the path might create a better life for you and others.
For Bob Parsons, a Vietnam veteren, he gained internal strength and learned how to overcome personal resistance in war. If you can accept that you might die tomorrow but yet are still able to push on through and do your job, then you are surely mentally equipped to face the prospects of a failing business. For most of us though the idea of losing your job, running a business into the ground or simply failing to achieve what you set out to can be so overwhelming that our mind tells us that it is the worst imaginable outcome.
To overcome this, we need to honestly tell ourselves what the worst thing that can happen truly is. Are you clinging to a job because you fear that you won't succeed doing something else? If so, how hard would it be to get back to the exact same position you are in now if all else fails? You've done it once so it should be easier the second time around.
Alternatively, you may be experiencing failure in what you consider to be your life's dream. Does this mean that you should quit because success seems bleak? Think about Bob Parsons and ask yourself what is the worst thing that will happen to me if I fail? Can you get a job doing something else and still be happy?
Pushing through and taking risks require that you have a clear understanding of what failure means. For most of us, it doesn't mean your world is going to end. Setbacks are inevitable but the trick is to push through and do what we know in our heart is truly important. The trick is to remind ourselves that we can always park cars and still be happy.
Showing posts with label personal development. Show all posts
Showing posts with label personal development. Show all posts
Monday, February 28, 2011
Tuesday, February 1, 2011
Book Review - Rework
Rework
by Jason Fried & David Heinemeier Hansson
Rework is a business book that every manager and entrepreneur should read. It written merely as a collection of thoughts on a variety of topics such as productivity to branding and the result is a book that shows you how to build, run and grow a business.
The wealth of knowledge this book contains should cost a fortune to learn. I have never read a single business book in all my years that had more take away value than this particular book. It is that valuable and there is undoubtedly something for everyone.
Trying to summarize the book in a few paragraphs but give you some take away value at the same time is almost impossible so because of that I have assembled a quick summary (these are notes and highlights that I took while reading various chapters that struck me as valuable).
Key points highlighted and summarized:
Learning from mistakes is overrated - when something fails, yes you learn what not to do again but what do you really learn to do? Instead, success shows you what actually does work, something repeatable that you can do again.
Be careful of longterm plans as they are merely guesses - it is okay to wing it and decide what you are going to do now as opposed to getting stuck making choices just because that is the plan you set for yourself. Long term plans stifle improvisation. They are important but when making choices, you usually have the best info at the time you are doing something, not when you are planning to do something.
Be mindful of workaholism - working for work's sake. Working more hours doesn't mean you care more or get more done, it just means you work more. Workaholics cause problems because they like working hours as a badge of honor but they also tend to not get work done efficiently as a result. They claim to be perfectionists but this is a result of focusing on inconsequential details. They make others feel bad for working less hours even if those other people just find ways to get their work done faster.
Scratch your own itch - the easier way to make a great product or service is to create something you need. When you solve your own problems you know exactly what the right answer is as opposed to the uncertainty associated with fixating on someone else's problem and trying to fill a need that may not even exist.
If you have a big idea make it and act on it. Try to sell it and don't sit around on it. The faster you move through ideas the closer you are to finding the one that really is great.
Draw a line in the sand - stand for something. Have a point of view and know what you're willing to fight for. When you know exactly what you believe in, the choice is clear for customers. They will love or hate you but there will be no in-between.
You need less than you think - there is nothing wrong with being frugal and committing less people, money or resources to work. If you stop to think about each decision like this you can probably get by with a lot less.
Embrace constraints - working with less forces you to be creative and get by with what you've got. Constraints force creativity and problem solving.
Start at the epicenter - the key thing that drives your business. To find the epicenter ask yourself, "If I took this away would the product still exist?" All the other stuff you do depends on the foundation.
Commit to making decisions. Decide and move forward. Don't wait for the perfect solution.
Be a curator - decide what stays and what goes and eliminate until you are down to the bare essentials. Constantly look for things to remove, simplify and streamline.
Throw less at the problem - cutback and trim the fat. Improve upon what is left.
Focus on what won't change - the core of your business should be this and not the next new sexy thing. Permanent stays while fashion fades. Invest in that.
Meetings can be toxic - if you must meet have a clear agenda, set a timer and begin with a specific problem. Meet at site of problem instead of conference room and point to real things with real examples End with a solution and appoint a person responsible for implementation.
Long to do lists don't get done. Prioritize visually and break things down into small and motivationally manageable tasks.
Learn to say no first. Get your priorities straight and say yes and no accordingly. There is more regret at saying yes than no. Keep things right for you and your product.
Let your customers outgrow you. Just because some of your customers have to change doesn't mean you have to compromise your business. Changing your business just to satisfy one or two customers can make you too tailored to them and not a good fit for anyone else. Then when that big customer leaves you, your stuck.
Don't act on great new ideas on impulse. Let them cool and come back to them in a few days and evaluate their importance with a calm mind.
Make great products not ones that just seem great. Buyer remorse occurs when something seems better at the store than it actually is once you get it home. That doesn't create longterm relationships. Great at home products get talked about.
Build an audience. Audiences give you a platform to share value driven information. They listen when you need them too. Quit trying to reach everyone.
Out teach your competition. Tips, case studies and tools that educate them are key.
Be like chefs. All great chefs have cookbooks that show all their trade secrets, recipes and tips. Show people how you do things. No one is going to steal your recipes and beat you at your own game.
Go behind the scenes of your business. People love seeing how things work. They want to see how things are built. They will grow a deeper level of appreciation for what you do.
Be genuine. Imperfections show the soul and art of your work.
Press releases are like spam. Instead of shooting out generic messages to everyone, make it personal to the person you want to reach. Call, write a note, make it real.
Overnight success is a myth. It takes years of grinding through the work to get noticed. Slowly build an audience instead and get people interested in what you have to say.
Company culture is a byproduct of consistent behavior. You can't force it, you just create it overtime by encouraging particular types of behavior.
Great environments show respect for the people who work and how they work. Give people the tools, trust and responsibility and they'll wow you.
When you treat people like children you get children's work. When people have to ask permission for everything you create a culture of non thinkers and a no trust environment. Policing costs time and money and kills trust.
Make people work smarter not for longer. If you want something done, ask the busiest person. Send people home at five. Your goal shouldn't be more hours but better hours.
Don't scar the first cut. Policies born to correct rare mistakes just create complex and inefficient bureaucracies. Only create new procedures, rules and policies to attack common situations that often reoccur.
Write conversationally in business. Read it out loud and ask yourself if you were saying this verbally would it sound normal?
Inspiration is perishable. If you are inspired to do something today or ready tackle a new idea then do it because the drive, inspiration and motivation might not come again.
by Jason Fried & David Heinemeier Hansson
Rework is a business book that every manager and entrepreneur should read. It written merely as a collection of thoughts on a variety of topics such as productivity to branding and the result is a book that shows you how to build, run and grow a business.
The wealth of knowledge this book contains should cost a fortune to learn. I have never read a single business book in all my years that had more take away value than this particular book. It is that valuable and there is undoubtedly something for everyone.
Trying to summarize the book in a few paragraphs but give you some take away value at the same time is almost impossible so because of that I have assembled a quick summary (these are notes and highlights that I took while reading various chapters that struck me as valuable).
Key points highlighted and summarized:
Learning from mistakes is overrated - when something fails, yes you learn what not to do again but what do you really learn to do? Instead, success shows you what actually does work, something repeatable that you can do again.
Be careful of longterm plans as they are merely guesses - it is okay to wing it and decide what you are going to do now as opposed to getting stuck making choices just because that is the plan you set for yourself. Long term plans stifle improvisation. They are important but when making choices, you usually have the best info at the time you are doing something, not when you are planning to do something.
Be mindful of workaholism - working for work's sake. Working more hours doesn't mean you care more or get more done, it just means you work more. Workaholics cause problems because they like working hours as a badge of honor but they also tend to not get work done efficiently as a result. They claim to be perfectionists but this is a result of focusing on inconsequential details. They make others feel bad for working less hours even if those other people just find ways to get their work done faster.
Scratch your own itch - the easier way to make a great product or service is to create something you need. When you solve your own problems you know exactly what the right answer is as opposed to the uncertainty associated with fixating on someone else's problem and trying to fill a need that may not even exist.
If you have a big idea make it and act on it. Try to sell it and don't sit around on it. The faster you move through ideas the closer you are to finding the one that really is great.
Draw a line in the sand - stand for something. Have a point of view and know what you're willing to fight for. When you know exactly what you believe in, the choice is clear for customers. They will love or hate you but there will be no in-between.
You need less than you think - there is nothing wrong with being frugal and committing less people, money or resources to work. If you stop to think about each decision like this you can probably get by with a lot less.
Embrace constraints - working with less forces you to be creative and get by with what you've got. Constraints force creativity and problem solving.
Start at the epicenter - the key thing that drives your business. To find the epicenter ask yourself, "If I took this away would the product still exist?" All the other stuff you do depends on the foundation.
Commit to making decisions. Decide and move forward. Don't wait for the perfect solution.
Be a curator - decide what stays and what goes and eliminate until you are down to the bare essentials. Constantly look for things to remove, simplify and streamline.
Throw less at the problem - cutback and trim the fat. Improve upon what is left.
Focus on what won't change - the core of your business should be this and not the next new sexy thing. Permanent stays while fashion fades. Invest in that.
Meetings can be toxic - if you must meet have a clear agenda, set a timer and begin with a specific problem. Meet at site of problem instead of conference room and point to real things with real examples End with a solution and appoint a person responsible for implementation.
Long to do lists don't get done. Prioritize visually and break things down into small and motivationally manageable tasks.
Learn to say no first. Get your priorities straight and say yes and no accordingly. There is more regret at saying yes than no. Keep things right for you and your product.
Let your customers outgrow you. Just because some of your customers have to change doesn't mean you have to compromise your business. Changing your business just to satisfy one or two customers can make you too tailored to them and not a good fit for anyone else. Then when that big customer leaves you, your stuck.
Don't act on great new ideas on impulse. Let them cool and come back to them in a few days and evaluate their importance with a calm mind.
Make great products not ones that just seem great. Buyer remorse occurs when something seems better at the store than it actually is once you get it home. That doesn't create longterm relationships. Great at home products get talked about.
Build an audience. Audiences give you a platform to share value driven information. They listen when you need them too. Quit trying to reach everyone.
Out teach your competition. Tips, case studies and tools that educate them are key.
Be like chefs. All great chefs have cookbooks that show all their trade secrets, recipes and tips. Show people how you do things. No one is going to steal your recipes and beat you at your own game.
Go behind the scenes of your business. People love seeing how things work. They want to see how things are built. They will grow a deeper level of appreciation for what you do.
Be genuine. Imperfections show the soul and art of your work.
Press releases are like spam. Instead of shooting out generic messages to everyone, make it personal to the person you want to reach. Call, write a note, make it real.
Overnight success is a myth. It takes years of grinding through the work to get noticed. Slowly build an audience instead and get people interested in what you have to say.
Company culture is a byproduct of consistent behavior. You can't force it, you just create it overtime by encouraging particular types of behavior.
Great environments show respect for the people who work and how they work. Give people the tools, trust and responsibility and they'll wow you.
When you treat people like children you get children's work. When people have to ask permission for everything you create a culture of non thinkers and a no trust environment. Policing costs time and money and kills trust.
Make people work smarter not for longer. If you want something done, ask the busiest person. Send people home at five. Your goal shouldn't be more hours but better hours.
Don't scar the first cut. Policies born to correct rare mistakes just create complex and inefficient bureaucracies. Only create new procedures, rules and policies to attack common situations that often reoccur.
Write conversationally in business. Read it out loud and ask yourself if you were saying this verbally would it sound normal?
Inspiration is perishable. If you are inspired to do something today or ready tackle a new idea then do it because the drive, inspiration and motivation might not come again.
Monday, January 17, 2011
Book Review - Rapt: Attention and the Focused Life
Rapt: Attention and the Focused Life
Written By: Winifred Gallagher
Rapt is an exploration of how attention plays such a crucial role in the quality of your life. The idea that what you choose to pay attention to shapes your life is the theme of the book as it explores the impact attention has on productivity, decisions, creativity, relationships, happiness and health. Rapt supports its claims with numerous insights, studies and data from both neuroscience and behavioral psychology. Simplistically the book is best summarized with the following quote found in the introduction:
"My experience is what I agree to attend to." - William James
The idea that attention holds so much power over your life should be encouraging because it means it is possible to shape your existence, outcome and daily mood. The human mind can only absorb and attend to so much and knowing how to control this is considered the secret to happiness for many.
The title of the book, Rapt, is appropriate as the term literally means to be completely absorbed, engrossed, fascinated and focused at any given moment. Rapt attention can make time seemingly fly by, create inner happiness and help you concentrate better in all aspects of your life. If you are achieving a rapt state of attention it most likely means that you're seeking out activities and a life that is full of your undivided attention instead of the reactive, unfocused and drifting way that many of us spend our time.
Rapt offers many antidotes to take control of your attention such as meditating and choosing the right activities. Through the power of meditating one should give complete focus to a single task for prolonged periods of time such as breathing. This practiced state of rapt attention increases your capacity for living the focused life. The wisdom to consistently choose enjoyable but challenging activities enables you to work your brain just enough to experience complete "flow" which the books considers the optimal human experience. Flow is better achieved when you choose activities that stretch your mental muscles such as when you are devoting time to a challenging hobby like learning guitar, playing sports, cooking a new recipe or devoting your time to a specific project at work. It is less likely to occur though when you space out while watching TV or when are trying to accomplish twenty things at once while multi-tasking. A consistent commitment to challenging and focused work and leisure produces a better daily experience and in-turn develops you into a more interesting person.
Rapt is a book for life and work. It preaches such timeless concepts as demonstrating self-control, focusing on positive thinking and making sure you give the people in your life the full, undivided attention they deserve. According to Rapt, this is the secret to a healthy and happy life and while we can't be happy all the time, the decisions we make on where to devote our attention and mental energy, goes a long way to shaping our overall life experience. As the book explains in discussing the connection that positive and productive rapt attention has with your overall health and well being, even the longevity of your life depends on the ability to control your attention.
Written By: Winifred Gallagher
Rapt is an exploration of how attention plays such a crucial role in the quality of your life. The idea that what you choose to pay attention to shapes your life is the theme of the book as it explores the impact attention has on productivity, decisions, creativity, relationships, happiness and health. Rapt supports its claims with numerous insights, studies and data from both neuroscience and behavioral psychology. Simplistically the book is best summarized with the following quote found in the introduction:
"My experience is what I agree to attend to." - William James
The idea that attention holds so much power over your life should be encouraging because it means it is possible to shape your existence, outcome and daily mood. The human mind can only absorb and attend to so much and knowing how to control this is considered the secret to happiness for many.
The title of the book, Rapt, is appropriate as the term literally means to be completely absorbed, engrossed, fascinated and focused at any given moment. Rapt attention can make time seemingly fly by, create inner happiness and help you concentrate better in all aspects of your life. If you are achieving a rapt state of attention it most likely means that you're seeking out activities and a life that is full of your undivided attention instead of the reactive, unfocused and drifting way that many of us spend our time.
Rapt offers many antidotes to take control of your attention such as meditating and choosing the right activities. Through the power of meditating one should give complete focus to a single task for prolonged periods of time such as breathing. This practiced state of rapt attention increases your capacity for living the focused life. The wisdom to consistently choose enjoyable but challenging activities enables you to work your brain just enough to experience complete "flow" which the books considers the optimal human experience. Flow is better achieved when you choose activities that stretch your mental muscles such as when you are devoting time to a challenging hobby like learning guitar, playing sports, cooking a new recipe or devoting your time to a specific project at work. It is less likely to occur though when you space out while watching TV or when are trying to accomplish twenty things at once while multi-tasking. A consistent commitment to challenging and focused work and leisure produces a better daily experience and in-turn develops you into a more interesting person.
Rapt is a book for life and work. It preaches such timeless concepts as demonstrating self-control, focusing on positive thinking and making sure you give the people in your life the full, undivided attention they deserve. According to Rapt, this is the secret to a healthy and happy life and while we can't be happy all the time, the decisions we make on where to devote our attention and mental energy, goes a long way to shaping our overall life experience. As the book explains in discussing the connection that positive and productive rapt attention has with your overall health and well being, even the longevity of your life depends on the ability to control your attention.
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