Raise your value by 50 percent

February 27, 2017

By Carmine Gallo via inc.com   Article

The 1 Skill Warren Buffett Says Will Raise Your Value by 50 Percent

“Imagine working on one skill in 2017 that–once you improve on it–will raise your value by 50 percent. The one skill is public speaking.

The dividends on the investment you make in sharpening your communication skills will pay off for the rest of your career. Don’t take my word for it. Listen to billionaire Warren Buffett’s advice to a class of business students at Columbia University back in 2009:

‘Right now I would pay $100,000 for ten percent of the future earnings of any of you, so if you’re interested, see me after class.’

After the laughter subsided, he turned serious.

‘Now, you can improve your value by 50 percent just by learning communication skills–public speaking. If that’s the case, see me after class and I’ll pay you $150,000.’

Buffett’s point is that mastering the art of public speaking is the single greatest skill to boost your career.

You might be saying, That’s great, but I have a fear of public speaking. It’s okay. Buffett was actually terrified, too.

Overcoming your fear

As a young stock advisor he took a Dale Carnegie public-speaking course to overcome his fear. In a little known fact, Buffett dropped out of the course on his first try because he was afraid he’d be asked to speak up. He worked up his courage a second time and today proudly displays his Dale Carnegie certificate in his office.

According to TED curator Chris Anderson, public speaking matters more than ever. In his book, TED Talks, Anderson writes: ‘As a leader–or as an advocate–public speaking is the key to unlocking empathy, stirring excitement, sharing knowledge and insights, and promoting a shared dream.’

… today’s audiences want more than to sit through yet another boring presentation. They crave visually appealing slides. They want to be informed and inspired, enlightened and entertained, all in the same presentation. … mobile video has made it a lot easier to teach yourself by watching the world’s greatest entrepreneurs and business legends work their craft.”

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More and less

February 27, 2017

By Seth Godin via sethgodin.typepad.com   Article

Seth

“More creating … Less consuming

More leading … Less following

More contributing … Less taking

More patience … Less intolerance

More connecting … Less isolating

More writing … Less watching

More optimism … Less false realism”

 


Rule of three

February 27, 2017

By Jeremy Anderberg via artofmanliness.com   Article

Get More Done with the Rule of 3

“… author Chris Bailey defines it thusly: ‘At the beginning of each day, before you start working, decide what three things you want to accomplish by the end of the day. Do the same at the start of every week.’ …

Before we get started, let’s do a brief reset of what we think of as productivity.

A Quick Redefinition of Productivity

People often think of productivity as the amount of stuff that got done — a measurable number of tasks. The more boxes that have been checked off the to-do list, the more productive a day has been. To put it simply, that’s a terrible way to determine your productivity. It assumes that every item on your list has equal value, and that’s simply not the case.

If your to-do list has 15 things on it, but only one of them is truly important to get done today, what good does it do if 14 of 15 items are checked off and yet the single most important item remains?

A better way to approach your productivity is to ask a simple question at the end of each day: ‘Did I get done what I intended to?’ Or as Bailey puts it: ‘Productivity isn’t about doing more things — it’s about doing the right things.’

There are always plenty of good things to cross-off your to-do list, but superior productivity requires tackling the best things first. The stuff that has the greatest leverage and ROI in moving you closer to your goals.

In order to determine what that stuff is, you need to know the outcomes that have to happen in order for you to have a successful and productive day/week/month/year. Then you need to think about the things you could do that would add the most value to your company or business, and produce those outcomes. …

The Benefits of Implementing the Rule of 3

… You work deliberately rather than reactively. A lot of people work based on the input they get throughout the day — their schedule defaults to whatever happens and comes in from the moment they sit down at their desk: phone calls that need answering, emails that need replies, a boss reminding them of something they forgot to do. When you use the Rule of 3, however, you design your day based on your job description and what will add the most value to your business. …

It’s simple enough that you’ll actually do it. One of the problems with productivity systems is that they often get overly complicated. I can’t think about David Allen’s Getting Things Done without being overwhelmed. The Rule of 3 is simple enough that you’ll actually do it every day (and week). All you have to do is learn to prioritize what the 3 most important things are (an ability that comes with time and repetition).”


Are corporate ethics obsolete?

February 27, 2017
By Geoffrey James via inc.com   Article 
“While many corporations have ‘ethics officers’ or even entire departments dedicated to ‘promoting ethics,’ few corporations are ethical. To explain why, I must make an important distinction. A person who ‘does the right thing’ regardless of circumstances is ethical. A person who ‘does the right thing’ only when it’s to his advantage is a sociopath.

Publicly held corporations are natural sociopaths because they only behave in an ethical manner when it increases stockholder value. Any corporate officer suggesting that a company ‘do the right thing’–even though it damaged the company–would either be fired or laughed out of the job.

I know I keep harping on this issue, but it’s an important one, especially when we’re talking about ethics: the current epidemic of forced labor (i.e. slavery) in the supply chain.As I’ve pointed out previously, slavery has grown alongside with globalization because slavery (when combined with torture) rivals automation as a way to create innovation and efficiency in manufacturing.

Since slavery is a huge moral evil, a truly ethical corporation would delve deeply into its supply chains and eliminate slavery, even if that meant raising prices and lowering revenue. This, however, never seems to happen. Instead, corporations hire third-party firms to do pro-forma investigations and rubber-stamp the paperwork. This provides the corporation and its officers with plausible deniability in the event of a PR disaster.

When they handle slavery this way, corporations are managing risk, not acting ethically. If the risk of being ‘outed’ as supporting slavery remains low, most companies are perfectly happy to import goods that might be slave-manufactured, in part or completely.

This is classic sociopathic thinking. Absent a reward (for acting) or a punishment (for not acting), no sociopath would pay money out of his own pocket to free a slave. Similarly, no corporation is going to open that can of worms if they can help it. …

This is not to say that corporations don’t employ ethical, caring people. However, employees are expected to act ethically if and only when it’s the advantage of the company. Taking a stand on principle is a recipe for getting fired.

Here’s the sad truth: unless constrained by either regulation or public opinion, most corporations will do whatever it takes–including slavery, wage theft, pollution, unpaid overtime–to increase shareholder value.

In other words, ‘corporate ethics’ is an oxymoron. Since that’s the case, let’s stop pretending that corporations will ‘do the right thing’ on their own. That’s not going to happen in corporations any more than it’s going to happen in Congress.

Rather than let Congress police their own ethics, we should instead demand regulations that constrain corporations to act for the greater good (even if it means less profit) and laws (like salary transparency) that open corporate operations to the light of day.”


The moment you doubt

February 20, 2017

From Peter Pan by J._M._Barrie

“… the moment you doubt whether you can fly, you cease forever to be able to do it.”

Source


Increased effort, greater persistence, and better performance

February 20, 2017

By Dick Grote via hbr.org   Article

3 Popular Goal-Setting Techniques Managers Should Avoid

“In 2002, professors Edwin A. Locke and Gary P. Latham, two of the best known academic researchers on goal-setting, wrote an article in American Psychologist summarizing their 35 years of research. Among their findings:

  • Setting specific, difficult goals consistently leads to higher performance than just urging people to do their best.
  • High goals generate greater effort than low goals, and the highest or most difficult goals produce the greatest levels of effort and performance.
  • Tight deadlines lead to a more rapid work pace than loose deadlines.
  • Making a public commitment to a goal enhances personal commitment.
  • Whether the goal is set by mutual agreement or by the boss alone doesn’t make a big difference in goal achievement.

So the argument for strategic goal setting seemed settled. Set specific, difficult goals with tight deadlines. Don’t be too concerned about whether the goal is jointly set by the individual and manager together, or whether the boss just hands the subordinate the list of goals he expects the subordinate to achieve together with a tough due-date. Let everybody know what your goals are. The predictable result: Increased effort, greater persistence, and better performance.”


Hard lessons

February 20, 2017

By Quora via inc.com   Article

What are 20 harsh life lessons everyone should learn in their 20s? …

  1. Life has already begun. There is no interlude. Nor is there a trial version. Your every decision matters.
  2. Your online friends are fake friends. … UMost of them do not care about you and will not come in your hour of need.
  3. If you fall in love, be ready to get your heart broken. … 
  4. Your studying career does not end after prom. Knowledge is crucial. If you are not willing to be left behind, keep studying.
  5. Your family members are the most important people in your life. They are the only ones who care about you. Treat them well and appreciate them.
  6. Your weaknesses do not matter. Learn to accept this. The only things that matter are your strengths. Improve them.
  7. Everything worth doing takes years. … It will probably take much longer than you imagine.
  8. All the opportunities for growth are beyond your comfort zone. Make leaving it a habit. Find your discomfort zone. Enter it.
  9. Broken relationships are not worth staying in. Do not waste your time on things you cannot fix anymore. …
  10. The world is full of injustice. There are plenty of unjust things you are likely to face within your lifetime. Be ready!
  11. Luck comes to those who work hard. Good things do not come to those who wait. …
  12. There is no perfect moment to start. If you want to start doing something, act now. Do not wait for a better moment. It will never come.
  13. You cannot be everywhere and have everything. Learn to make the right choices and commit to the things that matter most.
  14. Every person in your life should be appreciated. Do not take people for granted.
  15. Experience and emotions are your best investments. The traditional measures of success — fancy cars and houses — are no longer relevant. Emotions, memories, experience, knowledge. These are the things that matter.
  16. Later often means never. Do not postpone anything. Live now!
  17. Success equals perseverance. … Stay dedicated to your dreams. Chasing them is difficult, but it’s worth the struggle.
  18. Regular workouts are crucial. Take care of your health and body. …
  19. Your failures do not matter. Only wins count. … do not be afraid to fail.
  20. Nobody will help you. You have to help yourself.”