Be Your Own Fan

February 6, 2012

It is the Monday after the Superbowl.  While scanning the TV stations and flipping through the radio channels this morning, it seemed as though everyone was discussing and analyzing (and analyzing and analyzing…) the football game.  Everyone is a Monday morning quarterback.

Come on, get a life!  Stop living your life through someone else.

Tom Brady does not care about your life.  Why should you invest so much emotional energy in studying his?

Instead of being a fan of someone else’s life, be a fan of your own life.

Be a Monday morning quarterback on what worked and what didn’t work last week…for your business.  Study your statistics to decide if you are moving in the right direction.  Invest in you and your greatness.

I invest my money in me: my education, the development of my business, the hiring of the right talent, personal development, etc.  I rarely invest my money in what others are doing.  In fact, I almost never buy stocks.  If I invest in me and my business, I am confident that in the long run I will have a higher return on my investment.

Start investing time, money and emotional energy in you and your business.

Don’t get me wrong.  I enjoy watching the New England Patriots (even when they lose).  It is entertaining and inspiring.  Their drive and determination always jazzes me up and has me perform better in my life.

But I would not call myself a fan of any sports team.

I prefer to be fanatical about my life; doing what I can to make it as amazing as possible.

[end of rant]

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Goals Are Stupid

February 1, 2012

NOTE: This article is on the American Express OPEN Forum with the title “How to Make Goal-Setting Work for You.”  But the title I really wanted was “Goals Are Stupid.”  I’ll let you decide if they are or not.

We are a society obsessed with goals. Nearly everyone sets them. In fact, we just finished the most popular goal-setting day of the year: New Year’s Eve. This is when we establish our annual objectives, called resolutions.

Even though goal-setting is in vogue, is it good for us? Maybe, but not necessarily.

After studying goals for nearly 10 years, I have seen that for many, this ritual can lead to both failure and disappointment. Why? Goal-gurus often use words like “achievement,” “success” and “potential.” They position these concepts in a way that sounds appealing. “Get a better job.” “Make more money.” “Find the perfect partner.” Although our culture has placed a high value on success, money, status and fame, none of these are what we really want. I believe the ultimate goal for human beings is “happiness.”

So, what is it that makes people happy?

A few years ago, I commissioned a statistically valid study that uncovered some startling figures:

  • 58 percent of people admit to willingly sacrificing their happiness today in the belief that when they achieve their goals they will be happier. This means that over half of all goal-setters believe that happiness only exists in the future when they achieve their goals.
  • Sadly, according to the same study, 92 percent of people fail to achieve their annual goal—their New Year’s resolution. And it appears that this failure rate applies to all goal-setting.

But what about the 8 percent who achieved their goals? Clearly they must be happy with the results. But surprisingly, 41 percent of those who achieved their goals found that the accomplishment did little to improve their happiness. In fact, they were left disillusioned, dissatisfied and worse afterwards. Why? Many realized they inadvertently set the “wrong” goal. What’s the response? Set yet another goal, and allow the vicious cycle to continue.

If you do the math, this means that only about 5 percent of goal-setters both achieve their goals and are happy as a result. And many of those “successful” 5 percent become acclimated to the fruits of their labor and the happiness wears off. The more money you make, the more money you want. The bigger your house, the more space you desire. The more successes you obtain, the more success you want.

This acclimation perspective is supported by Daniel Gilbert, author of Stumbling on Happiness, in an interview in the January/February 2012 Harvard Business Review. He says:

“A recent study showed that very few experiences affect us for more than three months. When good things happen, we celebrate for a while and then sober up. When bad things happen, we weep and whine for a while and then pick ourselves up and get on with it.”

He contends that happiness is not linked to achievement. In fact, he provides striking examples of people who had experienced “horrible” circumstances yet were ultimately happier in the long run. Apparently, we are good at finding the “silver lining.” On a lighter note, he quotes Pete Best, the drummer in the Beatles who was replaced by Ringo Starr before the band became big. He is now a session drummer and said, “I am happier than I would have been with the Beatles.”

Achievement does not necessarily drive happiness—nor does having “more” or “less.” To be clear, I am not advocating that people sit idly while eating bonbons and watching Jerry Springer. A life like this is neither juicy nor exciting and will most likely lead to hedonistic tendencies and a feeling of being lost. You still need to have something pulling you forward; something that gets you energized.

So here is what I am suggesting…

Read my four counterintuitive tips for goal-setting and the #1 fallacy of goal-setting on the American Express OPEN Forum

If you enjoyed this article, please press the “like” button on the American Express OPEN Forum website and spread the love.  Also, please leave comments there.

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10 Years Ago Today

October 11, 2011

Ten years ago today was my last day with Accenture.  The day before I had my book launch party for my first book, 24/7 Innovation. October 11, 2001.

I recently found a notebook from about 15 years ago.  In it, I found an interesting entry from November 1996.  In it, I declared where I wanted to be five years in the future.

At that time, Dr. Michael Hammer, the father of reengineering, was one of the most influential people in the world, and someone I admired.

My declaration was that I wanted to be the Michael Hammer of the next wave – giving speeches, writing books, and traveling the world.  Five years later, almost to the day, my first book was published, I became a “professional speaker,” and I started traveling the world.  The next wave happened to be “innovation.”

Below is part of what I wrote.  It’s amazing to think that one day I had a vision for where I wanted to be and, voila, somehow it materialized.

Here’s hoping that all of your aspirations come true.

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The Key to Immediate Happiness

September 2, 2011

Imagine the following scenario. You are single and live just outside of New York City. Your employer wants you to work in London for a few years. You are excited about the prospect of living overseas and are interested in the job. Assuming that the costs of living for New Jersey and London are roughly equivalent, which option would you choose?

Option 1

You stay an employee of the NYC office and are “on loan” to London. You continue to pay your mortgage/rent in New Jersey, but can rent/sublet your place to someone during your absence. The company pays all of your expenses in London: housing, food and travel to and from the U.S. They cover the difference in taxes between the US and UK. Basically you have no expenses for the three years you are there, affording you the chance to sock away 100 percent of your salary. Your stay is temporary. After your time overseas, you will return to the U.S.

Option 2

You transfer from the NYC office and become an employee of the London office. You are paid in British pounds just like all other British employees and you pay U.K. taxes—which are higher. Although you sell your house in New Jersey and have no expenses in the U.S., you need to cover all of your expenses in London. There is no guarantee of a job in the NYC office should you decide to return to the states.

Financially, option No. 1 is a significantly better deal. But when faced with this situation in real life, I chose option No. 2.

Why?

While I recognize that finances are important, I place a higher value on my happiness. And the best way to effectively leverage that happiness is to live life fully immersed in the present.

What does that have to do with my choosing scenario No. 2?

I have found that when we engage in a temporary or transitory activity, the mindset is different than when we are settled into a seemingly more permanent option. Temporary situations can create a “holding pattern” where we wait for a “better” option down the road. Temporary employment is not your real job. Temporary housing is not your real home. These give the illusion of “here today, gone tomorrow.” Why take it seriously? Why invest your heart and soul into activities when you will eventually be leaving. Living in the moment can be difficult when you are waiting for your “real” life to begin.

Although from a financial perspective, the permanent option may not have been a great decision, it was the right one for me. I had the most spectacular three years of my life. London felt like my home. I lived there like a native. I acted as though there was no return to the U.S. This forced me to be present to what I was doing and to take full advantage of England.

I am not sure that I would have had the mental conviction to live in that same manner had I chosen the temporary solution. I may never have felt settled. The thought of leaving might have lingered in the back of my mind, negatively impacting my experience.

Instead, I formed new social circles. I dated. I lived as though I would be there forever. London became my home. A little more than three years later, I was back in the U.S., without a traditional job and salary (this is when I launched my own business).

“Permanent” situations tend to give the illusion of future stability, even though that is an illusion.

Where are you living like you are in a temporary situation?

Have you ever been in a job that you didn’t like? Did you daydream continuously about leaving, yet three years later you are still in the same job? How might your perspective change if you thought this were a permanent option? Perhaps instead of dreaming about the future, you would be present to what you can do today in your job. Look for new opportunities internally. Do the best job you can. Find ways of adding more value. If you are focused on leaving, seeing this job as a temporary option, you will be miserable. And the odds are, you will lose your job because of poor performance. That’s when you will begin to daydream about how great your job used to be.

We see this phenomenon in relationships as well. While there are many reasons why people marry, there is a psychological shift that many undergo upon saying those two little words: “I do.” It creates a more predictable and stable life with a clearly defined future. And many marry for that reason—for the perceived stability they gain. To love, honor and cherish till death do us part. It gives us the appearance of certainty. But of course, that too is an illusion.

How often do you live with uncertainty? How much of that uncertainty is created by you in your mind? How much does this uncertainty ruin your present moment experiences?…

Read the rest of this article on the American Express OPEN Forum

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