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Do You Need a Bigger Boat to be a Success?

sailing on a boatWe once heard Donald Trump asked, “What’s the difference between a net worth of $70 million and $700 million?”

He replied, “A bigger boat.”

BIGG success is life on your own terms. If a bigger boat floats your boat, then go for it.

When people sell their boat to buy a bigger boat, it helps our economy. It puts people to work. Companies make more money. Taxes are generated. It’s a win all the way around.

Or is it?

We’re going to share a thought process to determining if a bigger boat (or any other major purchase) is consistent with life on your own terms.

Hear George & Mary-Lynn discuss today’s topic on The BIGG Success show. Click a player to listen.


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[haiku url=”http://traffic.libsyn.com/biggsuccess/00721-072611.mp3″ title=”The BIGG Success Show #721″]
There are five elements of BIGG success – money, time, growth, work and play. All five elements are involved in the decision to buy a bigger boat.

We hope to demonstrate the interconnectedness of the five elements with this discussion.

Money

Obviously, it will cost you money to buy a bigger boat. You will get the money by earning more than you spend.

The question is: Is a bigger boat worth the price? To determine that, you need to answer two more questions:

What are the returns?

What is the true cost?

A bigger boat may or may not yield financial returns. We’ll talk about this more when we hit on work.

However, you would expect a bigger boat to give you emotional benefits.

Time

In order to reap those benefits, though, you will have to spend something else – time. Time is part of the cost of a bigger boat.

Will you really have time to enjoy it? Or will you have even less time because you’re working more to pay for it?

Work

Let’s skip growth for now. We’ll come back to it shortly.

Work may pay for your bigger boat. However, if that’s the case, your true cost of the boat is higher. In your quest to live large, you’ll sacrifice living.

You’ll be spending more time at work. Is it worth it?

Of course, a bigger boat may actually help you make more money. You may be able to entertain clients, employees, funders, etc.

A bigger boat may help you build more and better relationships. Or is that just a rationalization? If that’s what it takes, are they the right relationships?

Play

On the other hand, a bigger boat may be the ticket to more free time. You may enjoy being on it so much that you just naturally schedule time away.

Of course, you could do this without a bigger boat. But maybe you know you won’t.

Growth

How does growth come into play? If we use the factor cited by Donald Trump, your net worth must increase 10 times to buy a bigger boat.

So it will take a significant amount of growth to accomplish this. How can you increase your wealth 10 times over?

This is where a bigger boat really comes into play. It makes the intangible tangible.

It’s your reward. You know you will work long, hard, and smart to be able to buy it. You will save and invest your money wisely or you won’t get it.

It represents BIGG success to you. Great!

Then get a brochure. Or find a photo of the bigger boat you want.

Keep these visual representations in front of you. Plaster a BIGG “10x” on top of it.

Put the exact net worth you need to reach on the brochure or photo. Now break this goal up into smaller steps. Devote all your energy to getting to the next one. Then keep going. Keep driving to BIGG success!

For you it may not be a bigger boat. What is it? What drives you to achieve more?

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00721-072611.mp

Image in this post from Eastop

Don’t Solve Problems Dissolve Them

dissolveBigg success is life on your own terms. There are five elements of bigg success – money, time, growth, work and play. Today we want to focus on time with growth factoring in throughout.

It’s important to look at how you spend your time to determine how to save time. One question to look at is how much time you spend putting out fires.

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Pause and reflect

Certain jobs seem to require more reaction than others. The closer you are to the customer, the more you may respond reactively. If your direct charges are on the front line, you may spend more time reacting.

In those cases, you need to allow for more reactive time as you plan out your day. However, bigg goal-getters try to minimize the amount of time they spend reacting.

So if a large portion of your day is spent responding to situations, pause and reflect. Ask yourself what you can do about it.

It’s possible that nothing can be done about it, but in many cases there is more in your control than you might think. It’s about moving from a reactive mode to a proactive mindset.

That’s the higher order of personal leadership. As a bigg goal-getter, you want more in your tool kit than just problem-solving capabilities. You also want to be a problem dissolver. Here are three ways to do that:

Elimination

The best way to dissolve a problem is to never have it in the first place. Look ahead and try to discover potential problems. If you think it’s likely that you will encounter that problem, dissolve it by eliminating it in advance.

Many future problems can be handled this way. For example, leaders who establish clear expectations for their people eliminate many problems before they ever happen.

Preparation

The next best way to dissolve a problem is to have an answer in mind before you need it. You may have thought about these problems upfront, but it’s more effective to prepare for its eventuality than to eliminate it in advance.

A great example of this is contingency plans. You have a path you’re going down and you’ve determined in advance it’s your best path. However, as new evidence becomes available, you realize that you need to adjust. Planning that adjustment in advance helps you respond quickly if the time comes.

Prevention

Some problems just can’t be anticipated in advance. However, bigg goal-getters dissolve them by solving the problem now and preventing it from reoccurring in the future.

We have a tendency to rush to solve a problem, but oftentimes, with just a little more effort, we can keep it from happening again. Take time to figure out why it happened. Reverse engineer your process to see if you can prevent it in the future.

As the saying goes, “An ounce of prevention is worth a pound of cure.” The best time to start prevention is right after you’ve found the cure. You’re motivated then!

Use that motivation to your advantage to shift your thinking away from solving problems to dissolving them. It leads to bigg success!

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Get the tips and tools you need to be a BIGG success.
Subscribe to the Bigg Success Weekly – it’s FREE!

___

Thank you so much for reading our post today. Please join us next time as we discuss an emotion that leaders must control. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00432-070809.mp3

Related posts

Have A Problem? SOLVE IT!

Solve All Of Your Problems With This Ancient Chinese Secret

Don't Solve Problems Dissolve Them

dissolveBigg success is life on your own terms. There are five elements of bigg success – money, time, growth, work and play. Today we want to focus on time with growth factoring in throughout.

It’s important to look at how you spend your time to determine how to save time. One question to look at is how much time you spend putting out fires.

___

___

Pause and reflect

Certain jobs seem to require more reaction than others. The closer you are to the customer, the more you may respond reactively. If your direct charges are on the front line, you may spend more time reacting.

In those cases, you need to allow for more reactive time as you plan out your day. However, bigg goal-getters try to minimize the amount of time they spend reacting.

So if a large portion of your day is spent responding to situations, pause and reflect. Ask yourself what you can do about it.

It’s possible that nothing can be done about it, but in many cases there is more in your control than you might think. It’s about moving from a reactive mode to a proactive mindset.

That’s the higher order of personal leadership. As a bigg goal-getter, you want more in your tool kit than just problem-solving capabilities. You also want to be a problem dissolver. Here are three ways to do that:

Elimination

The best way to dissolve a problem is to never have it in the first place. Look ahead and try to discover potential problems. If you think it’s likely that you will encounter that problem, dissolve it by eliminating it in advance.

Many future problems can be handled this way. For example, leaders who establish clear expectations for their people eliminate many problems before they ever happen.

Preparation

The next best way to dissolve a problem is to have an answer in mind before you need it. You may have thought about these problems upfront, but it’s more effective to prepare for its eventuality than to eliminate it in advance.

A great example of this is contingency plans. You have a path you’re going down and you’ve determined in advance it’s your best path. However, as new evidence becomes available, you realize that you need to adjust. Planning that adjustment in advance helps you respond quickly if the time comes.

Prevention

Some problems just can’t be anticipated in advance. However, bigg goal-getters dissolve them by solving the problem now and preventing it from reoccurring in the future.

We have a tendency to rush to solve a problem, but oftentimes, with just a little more effort, we can keep it from happening again. Take time to figure out why it happened. Reverse engineer your process to see if you can prevent it in the future.

As the saying goes, “An ounce of prevention is worth a pound of cure.” The best time to start prevention is right after you’ve found the cure. You’re motivated then!

Use that motivation to your advantage to shift your thinking away from solving problems to dissolving them. It leads to bigg success!

___

Get the tips and tools you need to be a BIGG success.
Subscribe to the Bigg Success Weekly – it’s FREE!

___

Thank you so much for reading our post today. Please join us next time as we discuss an emotion that leaders must control. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00432-070809.mp3

Related posts

Have A Problem? SOLVE IT!

Solve All Of Your Problems With This Ancient Chinese Secret

The Single Biggest Waste of Time

time.jpgBigg Success is life on your own terms. The five elements of bigg success are money, time, growth, work and play. Today we’ll focus on time.

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There are a lot of ways to waste time. We want to focus on the single biggest one of all time. It might surprise you when you hear what it is.

It’s not reading this post! At least we hope you don’t think that.

It’s not watching TV.

It’s not surfing the internet.

It’s not forwarding silly e-mails to your friends.

It’s not texting.

It’s not social networking.

It’s not useless conversations.

It’s not even inane meetings. 

So what is the single biggest time waster of all time?

It’s doing the wrong thing.

The wrong thing is anything that doesn't move you closer to your dream life.

A lot of the productivity literature focuses on efficiency. That’s great if you’re doing the right thing. So here are 5-steps to moving in the right direction:

Decide on your destination. Where are you going? What’s your bigg dream?

Plot your course. How do you plan to get there? Determine how your journey is expected to progress.

Gather the necessary resources and provisions. Fuel up by getting the knowledge you need. Pick the vehicle that will take you to your destination. Get the help you need – be it a coach, a mentor, a partner, or a virtual assistant.

Go! At some point, you have to take off. You can expect to run into some detours along the way. That’s alright. Keep going. Focus on the road right in front of you.

Don’t forget to rest & replenish.
Take care of your physical self by getting needed sleep, food and exercise. Also feed your mind & soul. We hope Bigg Success is one way you do that every day.

Performing the wrong task, no matter how well you do it, is a complete waste of time. The right tasks move you closer to life on your own terms. That’s bigg success!

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Would you like more tips and tools to live your life on your own terms?
Subscribe to the Bigg Success Weekly – it’s FREE!

___

Thanks so much for the gift of your time today. Please join us next time when we ask, “Are you the lead wolf or a lone wolf?” Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00407-060209.mp3

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(Image in today's post from woodsy)

Should I Accept a Promotion

indecision.jpgWe recently ran across a study by the University of Warwick. We found it interesting that their results fly in the face of a long-held assumption.

For years, it’s been assumed that people get healthier after a promotion. Researchers postulated that people who get promoted feel more in control of their lives. They also thought these people may feel better about themselves.

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More mental strain

But the researchers at the University of Warwick found that this wasn’t the case. In fact, they showed that people who get promoted have ten percent more mental strain on average.

It makes sense, doesn’t it? A promotion often comes with increased responsibilities, increased hours, and perhaps more people to supervise.

It can place a tremendous amount of pressure on our free time. The researchers at the University of Warwick cited this time pressure as a reason that people were twenty percent less likely to go to the doctor after a promotion.

It’s life on your own terms, not the terms of your company

Our business culture tells us that we’re supposed to move up. We’re supposed to seek out opportunities to get promoted.

But as you know if you’re a regular reader, bigg success is life on your own terms. You have to decide if a move up is consistent with how you define bigg success. Nothing else matters.

It’s not absolute

There’s more than one way to move up. One person may choose to move into management. Another one masters a craft and becomes known for it. That’s moving up too!

You may want to move up, but now is not the right time. When you think of life on your own terms, think of “terms” as phases of your life. You may have kids at home and want less responsibility right now. That’s a great reason to postpone a promotion.

When the kids go to school full-time, the time may be right. You’re breaking life on your own terms down by the terms of your life.

A framework for decision-making

We’ve identified five elements to bigg success – money, time, growth, work and play. You can use the five elements to help make decisions like this one. Let’s break it down:

Money – You’ll presumably have more if you accept the promotion.

Time – You have the same amount no matter what. But most likely, you’ll have less time away from work.

Growth – Even though their sport seems like it requires mostly physical abilities, top athletes understand how important their mental condition is. We must understand that we need to look out for our health as well as our mental abilities. Besides that, a promotion may allow for a lot of personal growth or it may detract from the personal growth you really want.

Work – You may find your work more, or less, fulfilling. It depends on your goals.

Play – You’ll likely have more money to spend on leisure but less time to enjoy it.

When you know what life on your own terms means to you, it makes it easier to make decisions. The five elements offer a framework to make those bigg decisions. Think about how the five elements come into play with life on your terms and then consider how any potential opportunity affects them.

Don’t stop there!

We’ve also said that the bigg idea behind bigg success is to find synergy. You may realize that the real secret to making this promotion work is to learn to delegate effectively. That’s growth – one of five elements.

You may find that you can accept the promotion, move up at work, and make more money without sacrificing time for play. It may even involve a little more time initially while you develop your delegations skills, but you know it’s worth it because of all the long-term benefits.

Look for synergy in the five elements as you consider opportunities for even bigger success!

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Would you like more tips and tools to live your life on your own terms?
Subscribe to the Bigg Success Weekly – it’s FREE!

___

So what if you decide a promotion isn’t for you? Please join us next time when we talk about how to turn it down.

Thanks for reading our post today. Until next time, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00374-041609.mp3

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(Image in today's post by nookiez)