optimism1The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” William Arthur Ward

I was reminded of this brilliant principle last week when I spoke to one of my business coaching clients. There can be no doubt that we are living in interesting times…. the global financial crisis has impacted overall spending and consumer sentiment – and this has hurt many small businesses around the country. It’s no good hoping that circumstances will change – in order to survive we all need to dig deep and find creative ways to work smarter not harder.

Jim Collins, in his book, “Good to Great,” talks about this very interesting paradox that he calls “The Stockdale Principle”. According to Collins, “you have to be realistic about your current situation and yet, stay optimistic about the future”.

General Stockdale was the highest ranking American prisoner of war in Hanoi, Vietnam. Over the years he began to notice an interesting phenomenon – optimism could in fact be a liability. His fellow prisoners (who were the eternal optimists) constantly set themselves up for disappointment. They set huge milestones – “we will be rescued by Christmas” – but those milestones came and went year after year and with it… their will to live.

Conversely, the prisoners who looked at the painful day-to-day reality they were in and channeled their energies to the right places survived. This is not to say that the second group were pessimists but rather realists that maintained an unwavering faith in the end game, and a commitment to survive despite the brutal fact of their incarceration and torture over a period of years.

Here’s how Stockdale put it in his own words: “I never lost faith in the end of the story. I never doubted not only that I would get out, but also that I would prevail in the end and turn the experience into the defining event of my life, which, in retrospect, I would not trade.”

How many of us would look back on seven years of detention – with regular torture, dismal living conditions and an uncertain future – as an experience we would not trade? Do you regard the greatest obstacles or challenges in your life as the defining moment that shaped who you are today or do you choose to look at them as an excuse or reason why you have not achieved more?

Have you ever sat back and thought how this distinction between optimism versus reality could apply to your business/career or your life in general? Where in your life are you ignoring reality in favour of being optimistic and missing a crucial opportunity to take action?

Take for example my business coaching client that I mentioned above. She has an employee who doesn’t take responsibility for her actions, doesn’t pay attention to details and is often defensive and reluctant to take direction and feedback. This employee is negatively impacting the entire work environment as everyone gets caught up in the drama of it all. My client doesn’t want to let the employee go and is resisting doing what she knows that she must. She hopes that it will somehow improve without any action on her part – she is now learning the distinction between reality and optimism. When she sees the difference for what it is, then and only then, will she become decisive and take action.

Another area where it’s easy to be blinded by optimism is in the financial arena. Do you have detailed financial reports, KPIs and cashflow forecasts in place to drive your decision making or are you simply relying on your optimism instead of reality? Failure to effectively plan in this area (especially in these tough times) could lead to a cash crunch and the demise of your business.

Take a moment today to examine your relationship to optimism, pessimism and realism. Success belongs to those who operate from both sides of the Stockdale Paradox. The key is balance – knowing when to accept reality and take appropriate action AND never losing faith in the end of the story. If you can walk this delicate line of balance and responsibility, you increase your odds of making good decisions and this will lead to your inevitable success and breakthrough results.

In life, we will all experience setbacks, disappointments, loss and challenges. What separates successful people from the rest is how you deal with those inevitable struggles. This is a very important distinction and it is what divides the winners from the losers. You must never confuse faith that you will prevail in the end – which is something that you can never afford to lose sight of – with the discipline to confront the brutal facts and reality of your current situation, whatever that might be.

Article Source: http://EzineArticles.com/2884021

How often do you shoot yourself in the foot in business?

As a business owner, I’ll bet you’re incredibly busy and find that there  never seems to be enough hours in the day to complete all your work.

Have you ever noticed that some of your everyday activities are just deeply  ingrained habits – driving your car, putting on your watch, brushing your teeth  or taking a shower? You wouldn’t dream of not doing them, they are part of your  routine and they just seem to happen automatically. In your business you also  have habits such as checking your website, opening the mail, reading emails,  grabbing a coffee and glancing at your diary. You do them without conscious  “thought” and they seem to fill up hours in your day…

But what about all the actions you need to take in order to build a more  profitable and efficient business? Like following up with your best customers,  asking for referrals, strategic planning and goal setting to grow your business?  When do you do these activities? Do they often get relegated to “tomorrow” or  “sometime soon”?

If you’ve ever spent your day stuck in back to back meetings, answering  routine questions from your team, responding to emails, helping other people,  doing paperwork or tidying your office – you already know that these are “make  busy” activities, and they will keep you trapped where you already are – just  simply maintaining, not growing your business. By filling your days with these  tasks, you are in effect avoiding the very activities that you know will really  move your business forward and produce tangible results.

Your “make busy” work or habits create the magnificent illusion that you are  hard at work, simply because you feel “flat out” and your day is full of tasks.  Let’s be honest, you would actually rather do anything than face the activities  you know would radically accelerate your business success NOW! In fact, you  often get to the end of the day and say to yourself “It’s OK, I was really busy,  I’ll just get to that marketing plan tomorrow.” Or “I just couldn’t find the  time today to make that seminar on leadership or customer loyalty.”

If you are waiting for the right or best time to do these critical activities  in your business, it will simply never come! There will always be other “busy  work” to fill all of your available time. You need to find a way to make your  business building activities an ingrained habit too, if you want to grow your  bottom line and live the lifestyle of your dreams.

Do you relate to or identify with any of these common sabotage habits?

1. Perfectionism – this tactic is insidious. It often immobilizes us from  making a decision, starting a project or activity and signing off on a piece of  important work. Most tasks don’t have to be 100% perfect, they just need to be  good enough. The other way that this can show up is when you deceive yourself  into believing that no-one else can do the job (even simple routine tasks) to  your exacting standard, so you must do it ALL yourself. Follow the 80/20 rule,  delegate what you do not have to do yourself and give yourself permission to be  human!

2. Refusing to Let Go of The Past – Have you ever heard yourself say “last  time I tried that, it didn’t work”? Or have you ever simply avoided doing  something that you know you should or need to do but were afraid to do because  “last time it didn’t work out the way you wanted it to”? Even though it’s a good  idea to stop doing what clearly doesn’t work, it’s important to remember that  the past does not necessarily equal the future. If you catch yourself finding  reasons from the past to justify why you are not moving ahead toward your  compelling future, stop NOW and take a good hard look at whether these are just  cleverly disguised forms of self-sabotage.

3. Lack of Accountability – who is holding you accountable to the decisions  you make and the actions you take in your own company? Isn’t that why you went  into business for yourself in the first place – so that you could be the boss  and do things your way? Find someone outside your business – a coach, mentor or  trusted advisor that can act as a sounding board and hold you accountable to  staying on track.

4. Lack of vision, planning and specificity – if you don’t know where you are  going, how will you know when you get there? Enough said. If you don’t have a 90  day, 1 year and 3 year business plan, you need to make this your number one  priority in your business. Set a weekend aside and find a place where you will  not be disturbed by anyone or anything. Set down your goals clearly and  succinctly – get clear about the specifics (who, what, where, when and why) and  set realistic deadlines for completion. Goals need to be written down in detail  to allow your mind – which is a goal seeking mechanism – to do its magic.

5. Lack of focus – stay focused on the important task you are currently  working on and only allow yourself to be diverted by real emergencies.

6. Fear of Financials – you cannot have a truly successful business if you  don’t know your numbers. Not knowing your numbers has already cost you time and  money. Find someone who can explain your financials to you in plain English –  learn the key drivers and indexes in your business (such as break even,  productivity ratios, inventory turns, gross profit margins etc.) and track them  daily.

7. No USP – the greatest product or service in the world will not sell if you  have not clearly defined why someone should buy from you instead of your  competitors. “Build it and they will come is a fallacy.” If you have not yet  figured out what is unique about your product or service and found a compelling  and cost effective way to communicate it in everything you do, you are literally  flushing your marketing budget down the toilette.

8. No Testing and Measuring – this is the most-often overlooked activity by  small business owners. The simple act of testing and measuring everything in  your business…and I mean everything…will save you thousands of dollars this  year. No matter what “it” is, if you haven’t tested and measured “it”, you don’t  really know if “it” works. And until you know if it works, you don’t have a  reliable, predictable business that will run without out.

Unfortunately, there are no quick fixes. As you already know or suspect, some  of the most common forms of self-sabotage are habits because they are deeply  ingrained behaviours that take time to establish or eliminate. In the 1960’s a  highly regarded plastic surgeon, Dr. Maxwell Maltz discovered that it took 21  days for amputees to cease feeling phantom sensations in their amputated limb.  From further observations and significant research he established that it takes  21 days to create a new habit.

Brain circuits take engrams (which are essentially “memory traces”) and  produce neuroconnections and neuropathways only if they are bombarded for 21  days in a row. This means that our brain does not accept new data or information  for a change of habit unless it is repeated each day (without fail) for at  least 21 days. Changing habits (whether positive or negative) can be done but it  takes time and consistent effort.

Do yourself a favour and identify today which form of self-sabotage is the  primary one that is holding you back from having the business and lifestyle of  your dreams. Make a plan on paper – specific decisions and actions that you can  take to move forward in this aspect every single day for the next month. It is  imperative to track your progress each day and I highly recommend finding an  objective person outside of your business to hold you accountable to your plan,  actions and results.

 

Hey Caveman! Not everything is about YOU!

It has been over 50,000 since human beings lived in caves. All those years  ago, life was pretty much about survival – each morning our ancestors would  emerge from their caves and scan the horizon for imminent danger. Although  things have changed a lot in our external environment in the last few thousand  years, in many ways, the wiring in our brains has not. In fact, 90% of what you  and I do on a day to day basis is still based on that ancient wiring and  survival mentality and it is precisely this legacy that needs to be re-directed  to prevent self sabotage from holding you back, personally and  professionally.

You see our brains are wired to spot and avoid danger.  It is because of these primitive instincts that we all have a tendency toward self sabotage.

Even though the danger may not be “life or death”, we see this dynamic play  out in our work environments almost every day. For every daring and outlandish  new idea that is proposed by one hopeful soul, there will be a long list of  skeptical colleagues who are willing to offer 20 reasons why the idea might fail  or cause harm.  This sabotages innovation and progress.

So, how does this play out exactly?

We seem to have a biological urge to save people from themselves – this may  take the form of overtly belittling the person with the idea, tearing the  proposal to shreds, refusing to examine or consider the suggestion seriously or  creating an environment where it is unsafe to brainstorm or take risks. Instead  of fostering initiative and exploring options, the focus is immediately shifted  to put up protective roadblocks and creative stop signs (i.e. sabotage).

Does any of this sound familiar?

Either the voice in your own head that says “you cannot do it” or the guy who  sits two cubicles away and has a knack for tearing everyone else’s ideas to  shreds… yet he can never seem to come up with an innovative or original  solution of his own. In our vigour to ensure that new ideas are properly vetted  and scrutinized, our ancient and hard-wired brain response to scan for danger  and protect ourselves, is effectively killing innovation. This automatic reaction needs to be identified and consciously overridden in order to ensure  that we (as individuals and organizations) start generating novel and  constructive solutions to problems.

3 Tips to Avoid Sabotage and Foster Innovation

1.Eliminate “But” – Instead of searching for looking for defects or pointing  out why something won’t work, focus on how you can add to the discussion or  process. When you (or someone else) conceives of a concept or strategy, resist  the urge to say “yes, but that will never work because”. By substituting the  word “and”, it will allow you to constructively add to or expand upon the idea  rather that stopping the creative process dead in its tracks. This slight change  in words and focus will exponentially impact creativity and reduce sabotage.

2.Don’t mix right and left – Creativity and innovation are often associated  with predominately “right” brain thinking. While critiquing and evaluation are  often considered the domain of the “left” brain. It is difficult (particularly  in a group dynamic) to generate momentum around creativity and imagination while  simultaneously attempting to evaluate and examine each idea. Even the most adept  and flexible brain will struggle to shift gears back and forth. In order to  create the best environment for each and get the best results, it is preferable  to schedule a separate time for brainstorming and appraisal.

3.Put away your club, caveman – It takes approximately one second, from the  time you physically react to something in your environment that generates a  strong emotion, to when your conscious mind kicks in and you start to think  things through. When generating new ideas and searching for innovative  solutions, resist the urge to club suggestions to death. Take a deep breath and  think things through before commenting verbally. Consider using a trained  facilitator for group sessions – this will keep everyone accountable and provide  an objective perspective if the atmosphere becomes in conducive to  advancement.

I once heard a senior manager chastise someone in front of 14 colleagues for  suggesting an idea that seemed [to him] preposterous and impractical. You could  have heard a pin drop in that room and it pretty much shut down the  communication for the rest of the meeting. Nothing got solved and everyone left  deflated. In one foul blow that manager essentially killed any hope of  brainstorming a viable solution. At the end of the day, every problem has a  solution. The key is to harness and re-direct the infinite potential within your  own mind (and the collective mind of the team) to find the inspiration that will  produce the desired result.

 

Are you wearing a kick me sign?

As a business owner, I’ll bet you’re incredibly busy and find that there never seems to be enough hours in the day to complete all your work.

Have you ever noticed that some of your everyday activities are just deeply ingrained habits – driving your car, putting on your watch, brushing your teeth or taking a shower? You wouldn’t dream of not doing them, they are part of your routine and they just seem to happen automatically. In your business you also have habits such as checking your website, opening the mail, reading emails, grabbing a coffee and glancing at your diary. You do them without conscious “thought” and they seem to fill up hours in your day…

But what about all the actions you need to take in order to build a more profitable and efficient business? Like following up with your best customers, asking for referrals, strategic planning and goal setting to grow your business? When do you do these activities? Do they often get relegated to “tomorrow” or “sometime soon”?

If you’ve ever spent your day stuck in back to back meetings, answering routine questions from your team, responding to emails, helping other people, doing paperwork or tidying your office – you already know that these are “make busy” activities, and they will keep you trapped where you already are – just simply maintaining, not growing your business. By filling your days with these tasks, you sabotage yourself by avoiding the very activities that you know will really move your business forward and produce tangible results.

Your “make busy” work or habits create the magnificent illusion that you are hard at work, simply because you feel “flat out” and your day is full of tasks. Let’s be honest, you would actually rather do anything than face the activities you know would radically accelerate your business success NOW! In fact, you often get to the end of the day and say to yourself “It’s OK, I was really busy, I’ll just get to that marketing plan tomorrow.” Or “I just couldn’t find the time today to make that seminar on leadership or customer loyalty.”

If you are waiting for the right or best time to do these critical activities in your business, it will simply never come! There will always be other “busy work” to fill all of your available time. You need to find a way to make your business building activities an ingrained habit too, if you want to grow your bottom line and live the lifestyle of your dreams.

Do you relate to or identify with any of these common habits that you use to sabotage yourself?

1. Perfectionism – this tactic is insidious. It often immobilizes us from making a decision, starting a project or activity and signing off on a piece of important work. Most tasks don’t have to be 100% perfect, they just need to be good enough. The other way that this can show up is when you deceive yourself into believing that no-one else can do the job (even simple routine tasks) to your exacting standard, so you must do it ALL yourself. Follow the 80/20 rule, delegate what you do not have to do yourself and give yourself permission to be human!

2. Refusing to Let Go of The Past – Have you ever heard yourself say “last time I tried that, it didn’t work”? Or have you ever simply avoided doing something that you know you should or need to do but were afraid to do because “last time it didn’t work out the way you wanted it to”? Even though it’s a good idea to stop doing what clearly doesn’t work, it’s important to remember that the past does not necessarily equal the future. If you catch yourself finding reasons from the past to justify why you are not moving ahead toward your compelling future, stop NOW and take a good hard look at whether these are just cleverly disguised ways that you sabotage yourself.

3. Lack of Accountability – who is holding you accountable to the decisions you make and the actions you take in your own company? Isn’t that why you went into business for yourself in the first place – so that you could be the boss and do things your way? Find someone outside your business – a coach, mentor or trusted advisor that can act as a sounding board and hold you accountable to staying on track.  It will help you avoid all the ways you sabotage yourself.

4. Lack of vision, planning and specificity – if you don’t know where you are going, how will you know when you get there? Enough said. If you don’t have a 90 day, 1 year and 3 year business plan, you need to make this your number one priority in your business. Set a weekend aside and find a place where you will not be disturbed by anyone or anything. Set down your goals clearly and succinctly – get clear about the specifics (who, what, where, when and why) and set realistic deadlines for completion. Goals need to be written down in detail to allow your mind – which is a goal seeking mechanism – to do its magic.

5. Lack of focus – stay focused on the important task you are currently working on and only allow yourself to be diverted by real emergencies.  Getting hijacked by everyone else’s emergencies is one of the worst ways that you sabotage yourself.

6. Fear of Financials – you cannot have a truly successful business if you don’t know your numbers. Not knowing your numbers has already cost you time and money. Find someone who can explain your financials to you in plain English – learn the key drivers and indexes in your business (such as break even, productivity ratios, inventory turns, gross profit margins etc.) and track them daily.

7. No USP – the greatest product or service in the world will not sell if you have not clearly defined why someone should buy from you instead of your competitors. “Build it and they will come is a fallacy.” If you have not yet figured out what is unique about your product or service and found a compelling and cost effective way to communicate it in everything you do, you are literally flushing your marketing budget down the toilette.

8. No Testing and Measuring – this is the most-often overlooked way that you sabotage yourself. The simple act of testing and measuring everything in your business…and I mean everything…will save you thousands of dollars this year. No matter what “it” is, if you haven’t tested and measured “it”, you don’t really know if “it” works. And until you know if it works, you don’t have a reliable, predictable business that will run without out.

Unfortunately, there are no quick fixes. As you already know or suspect, some of the most common forms of self-sabotage are habits because they are deeply ingrained behaviours that take time to establish or eliminate. In the 1960’s a highly regarded plastic surgeon, Dr. Maxwell Maltz discovered that it took 21 days for amputees to cease feeling phantom sensations in their amputated limb. From further observations and significant research he established that it takes 21 days to create a new habit.

Brain circuits take engrams (which are essentially “memory traces”) and produce neuroconnections and neuropathways only if they are bombarded for 21 days in a row. This means that our brain does not accept new data or information for a change of habit unless  it is repeated each day (without fail) for at least 21 days. Changing habits (whether positive or negative) can be done but it takes time and consistent effort.  This is the only reliable way that exists for you to remove all bad habits which allow you to sabotage yourself.

Do yourself a favour and identify today which form of self-sabotage is the primary one that is holding you back from having the business and lifestyle of your dreams. Make a plan on paper – specific decisions and actions that you can take to move forward in this aspect every single day for the next month. It is imperative to track your progress each day and I highly recommend finding an objective person outside of your business to hold you accountable to your plan, actions and results.

Article Source: http://EzineArticles.com/1784556

What if I told you that YOU are you’re own worst enemy? Would you be offended  or would you smile and agree, because you know it’s true. It’s true for ALL of  us.

You can tell a lot about a business person by the way they spend their time.  We all spend our time in various ways. Many business owners and senior  executives tell me that there is not enough time in the day to get everything  done. Personally, I have a belief that there is always enough time in the day to  do all of the things that are WORTH doing. The key is to identify what is worth  your while.

Sometimes activity can be a kind of anesthesia for the pain of not achieving  the results you want and deserve. Action is always better than procrastination.  However, more activity is not always better than less.

What about ‘make busy’ activities? If you’ve ever spent your day stuck in  back-to-back meetings, answering routine questions from your team, responding to  emails, troubleshooting, emptying the in-tray or tidying the office, you know  exactly what I mean by ‘make busy’.

It is easy to spend large amounts of time on ‘make busy’ activities. In fact  it is possible to spend ALL your time on these activities, creating the  magnificent illusion that you are hard at work, simply because you feel flat  out. You are working hard but you have very little (in financial results) to  show for it. Your day is full of tasks and you get home exhausted – so you must  have put in a hard day’s work, right?

Unfortunately, these habitual and ‘make busy’ activities can keep you trapped  where you already are – just simply maintaining, not growing. By filling your  days with these tasks, you are in effect avoiding the very activities that you  know will really move your business or career forward and produce tangible  results – what we might call ‘productive activities’. These activities rarely  happen automatically. They require focused attention. And, all too often, they  get relegated to ‘tomorrow’ or ‘sometime soon’.

A great many business owners and senior executives, while they like to think  of themselves as entrepreneurial, would rather do anything other than face the  thought of ”productive activities”. They probably have these things on their  ‘to do’ lists, but after another day of busyness, they just say to themselves –  again “It’s OK, I was really busy. The business planning review will have to  wait for tomorrow.”

The problem is this – and believe me, I have seen it played out many, many  times: if you are waiting for the right or best time to do these critical  ‘productive activities’, that time will simply never come. Tomorrow there will  be more ‘busy work’ to do, and your unproductive habits will fill the rest of  the day, and the cycle will start all over again.

Today is a new day – the past is over and has no relevance to today or your  future. Successful people are not without problems or challenges. Successful  people simply refuse to carry the SAME dilemmas or hurdles for months (or years)  on end. They seek solutions, face impediments, overcome obstacles and move on.  They make time to focus on ‘productive activities’. They rise above the ‘noise’  of busyness, create ways to focus their mind on the things that really matter  right now, and get on with the job. They set specific goals and they monitor and  take action based on the financial trends in their business. They don’t try to  do ‘everything’, they focus only on the very things that will give them the most  leveraged and positive result. They rarely blame external circumstances when  things go wrong and they take responsibility every day for what they choose to  spend their time on.

Success is achieved with less not more – and it’s actually easier than you  think. Working like a dog to avoid dealing with problems and keeping yourself  immersed in ‘busy work’ – now THAT IS HARD WORK! Why would you choose to do THAT  when you could simply take a step back and choose to do the 1-2 things that you  know would move your business forward right now?

Isn’t it time to start taking it easy? It worked for The Eagles in the ’70s  and it can work for you in your business (or career) right now!

Article Source: http://EzineArticles.com/4936506


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