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Battle Scarred vs. Battle Scared

battle You’re probably familiar with the term “battle scarred,” which refers to the scars from wounds received in combat. Most of us are fortunate to not have to engage in real warfare where the scars are visible (i.e. physical) and invisible (i.e. mental). Our battles are more esoteric so our “scars” tend to be only the second kind – mental.

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Today we want to talk about a different word – battle scared. It’s amazing what a difference that one “r” can make.

By our definition, “battle scared” means that the damage done in combat is so severe that the injured party doesn’t push on.

It’s possible to be battle scarred without becoming battle scared.

People who are battle scarred start with an open wound that leaves only a scar over time. For people who are battle scared, it’s as if the wound never closes.

Mentally, the battle is still fresh in their mind. So they’re unable to fight again today. Two people can engage in the same battle and experience the same thing. One pushes on to fight another day (the battle scarred) while the other can’t live with the memories of the battle (the battle scared).

An example: the recent financial crisis

We have an example of a battle recently – the financial troubles rolling through the economies of the developed world. We all may feel a little battle scared at this point because it is still so fresh in all of our minds. It’s important to pause and reflect so we’re only left with the scars of the battle.

Learn the proper lessons
“Stocks are too risky.”
“Playing the stock market is no different than gambling at a casino.”
“It’s the government’s fault.”
“It’s the banks’ fault.”

These are the wrong lessons to takeaway from this battle. They are the reactions of the battle scared.

“I took on too much debt.”
“I spent more than I took in.”
“I didn’t create a safety net for myself.”
“I focused too much on what I wanted now and not enough on my future.”
“I should have seen that stocks were risky.”

These are the right lessons to learn from this calamity. The battle scarred will come away with these things in mind.

Make the proper adjustments.
“I’m going to close out my 401(k).”
“I’m never going to invest in stocks again; they’re too risky.”
“I won’t take any risk ever again.”
“You can’t trust anyone.”

These knee jerk reactions are common among the battle scared.

“I’m going to have an emergency stash.”
“I’m going to get out of debt.”
“I’m going to learn to allocate my portfolio so I get decent returns for the risk I’m taking.”

The battle scarred will make adjustments, but they won’t go from one extreme to another.

Giving up gets you nowhere

We have to keep fighting. We have to learn the right things from every battle so we can make the correct adjustments. We should gain wisdom from the battles we fight. That wisdom will help us win the war faster with more certainty.

If we become battle scared, we fail. We fail to take advantage of the opportunities that will present themselves in the coming days. We fail to reach our full potential. We must resolve to learn from our battles and make the adjustments necessary to win the next one.

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We’re so glad you stopped by today! Come back next time to learn how to get on the radio as an expert in your field. Until then, here’s to your bigg success!

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Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00268-111908.mp3

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A Sure-Fire Way to Stop Innovation

island We read the transcript of a great speech, entitled How to Get Rich, given by Jared Diamond at the Museum of Natural History in New York City. It offers some great lessons in history, economics, and innovation.

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He asks the question, “What is the best way to organize human groups and human organizations and businesses so as to maximize productivity, creativity, innovation, and wealth?”

Now wouldn’t we all like to know the answer to that question?

He says that in the thirteen thousand years of human history, we have thousands upon thousands of “natural” experiments. To answer his question, he looked at extreme examples of societies in isolation.

The isolation begins

About ten thousand years ago, the places we know as Australia, Tasmania, and Flinders Island were connected – people could freely travel back and forth between them. Then the glaciers melted.

Even though they were only about 200 miles apart, the water-going craft of that era couldn’t traverse the rough seas between these three islands. So the 4,000 people of Tasmania and 200 people on Flinders Island became completely isolated from the rest of the world.

The isolation ends
In the seventeenth century, these two islands were “discovered” by the Europeans. The first to be rediscovered was Tasmania. It was noted that, at the time, the society was the least technologically advanced and most primitive group of people in the world.

They had no fire. They didn’t have any tools. They didn’t even know how to fish. In fact, archeologists have shown that they had less technology than they had ten thousand years before.

So, you ask, what about the 200 people on Flinders Island? When it was discovered around the same time, there were no people there. They became extinct.

Our islands

So we learn that small isolated groups don’t innovate. They may even regress. This historical example got us thinking about islands that we create, often without even realizing that we’re placing ourselves in isolation.

Field

Discoveries aren’t isolated to a single field. If you only talk to people within your field, if you only consume content in your space, you’re missing out on a whole world of ideas that may be fruitful for your field.

Media
Many people only consume media with which they agree. Seek out the opposing point-of-view. When you do that, you’ll either reinforce your beliefs or you’ll start to discover other alternatives.

People
Universities often don’t hire graduates of their own programs as professors. They fear it will lead to nepotistic thinking. Let’s learn a lesson from their policy. Get outside your circles of friends and business associates. If you work in the for-profit world, get to know some people in the non-profit world. If you work in government, make sure some of your influencers are in the private sector.

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georgeI’m a pretty social person. But looking back on my former businesses, I’ve come to realize that I wasn’t feeling fulfilled because I didn’t spend enough time seeking out ideas and alternatives outside my sphere.

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It’s so easy to get so busy running your business, working your career, or managing your life that you fail to invest important time in connecting yourself to people, places and things that expand your mind.

Islands are a great place to visit. Just make sure you don’t get stuck there.

What islands have you seen people create?

 

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00264-111308.mp3

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Knowledge is Worthless

By Bigg Success Staff
08-25-08

Life Changes

knowledge 

We found a great post over at Achievement Radio by Dr. Zonnya. She says that knowledge isn’t power anymore. Instead, it is knowledge applied that makes the difference.

It’s a distinction we all instinctively understand, but sometimes forget. Learning how to do something is only part of the process. We have to continue on and put into practice what we’ve learned or the knowledge is worthless.

If you can take away just one idea from every encounter – be that a speech, a conference, a web site, a conversation – and then actually use it, you’ll be ahead of the game.

So don’t worry about learning everything. Focus on applying one thing you’ve learned!

Hear today’s lesson and laugh on The Bigg Success Show

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You Can Avoid the Mistakes that Brought this Business Down

quote There’s a great post by Roger Ehrenberg on his Information Arbitrage site. Roger was an investor, board member and leader in Monitor110, a company that planned to become the internet version of Bloomberg. The team had impressive credentials, but ultimately the business didn’t make it.

Roger spells out the reasons why. We admire him for sharing these lessons because most of us don’t like to talk about our failures. These are mistakes that any of us could make, so he provides a great opportunity to learn from others. But even more than that, it’s the way he wrote about it that impressed us – he doesn’t cast blame; he just discusses the lessons he learned in the hopes that we may benefit. And we did!

That’s why we highly recommend that you read the whole post. We’ll hit his highlights here.
 

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7 mistakes that led to the demise of this business

#1 – No single leader
Monitor110 had two leaders – a technology person who was one of the founders and Roger, who was a business person. Roger said this structure just didn’t work.

This reminded us of the number of times we’ve seen two people start a business. It’s pretty common to split everything 50/50. But it’s a recipe for disaster. In almost all cases, there has to be someone who has the final say for a business to succeed.

#2 – The technology-side drove the business
This made us think of the number of entrepreneurs who start a business in their craft. They’re technically oriented. They love their product or service, but they ignore what the customer wants and needs.

#3 – Too much PR too early
Roger’s company was featured on the cover of the Financial Times. You wouldn’t think that would be a problem, would you? But Roger says this raised the bar with everyone – customers, themselves, and financiers … which led to the next problem.

#4 – Too much money
Too much PR. Which led to too much money. Sounds like a company that’s been blessed. But Roger says the blessing turned into a curse.

  • Because of the great PR, expectations went up significantly.
  • Within the financial community, so money flowed in
  • With their customers
  • And most importantly – with the people of Monitor110.

With all these high expectations, they didn’t push a product to market because it needed to be just right. And that didn’t matter because they had a cushion of cash.

#5 – Not enough customer feedback

By now, you see how all of these mistakes were interrelated. Because of the great publicity, they were afraid to show the customers what they had. They didn’t want to disappoint them and be disappointed. But it wasn’t a problem at the time because they had plenty of money. One mistake was feeding another which was feeding yet another.

#6 – Slow to adapt to the market
On a post not long ago, we talked about a military concept called OODA loops. OODA is an acronym for Observe, Orient, Decide, Act. The idea behind the concept is that by getting into the loop, you gain information. Then, by adapting to what you’ve learned, you gain a competitive advantage.

#7 – Disagreements about strategy
This stemmed from the technology side and the business side not being able to come to terms. It’s also an outflow of Mistake #1 – without a single leader, it’s hard to have a clear vision.

Just get started!

All of this made us think of the saying, “You don’t have to get it perfect; you just have to get it going. That’s one of the things that we did with Bigg Success. We talked to a lot of people who had all kinds of great ideas. Some diametrically opposed to each other! We could have easily just got caught in the quagmire.

Ultimately, we just launched. It wasn’t perfect – we knew that. We’ve learned a lot. There are things we would do differently if we had it all to do over again. But by launching, we were able to learn from the most important people of all – our community. We learned from you.

We’re happy to let you know that you’ll be seeing some bigg additions in the near future. So keep checking in and let us know what you think! We’re listening!

 

 

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Happy Scum

By 440 Dana Mancuso]
Bigg Success Contributor
08-07-08

Life Skills

pm411_logo Have you ever had a disagreement about something you've heard? I often disagree with my husband about popular song lyrics. What he hears is close to the real words in most cases, but not always.

Sometimes what you hear is a direct result of what you've already heard. Sort of like expecting to get an apple from an apple tree. You've always gotten apples from the apple tree, so you aren't going to expect an orange to be growing there. You won't hear country music from the lips of rocker Bon Jovi. Or will you?

Back in high school, I was seated in a small group next to someone from my grade school. This boy had teased me in 5th and 6th grade. In fact, he had never spoken to me in any other manner than to tease me in my entire life.

So, when he spoke to me, not only was I surprised, but my brain turned on the teasing filter. Here's what I heard when he tapped my arm:

"Happy, Scum?"

What?

"Happy, Scum?"

Oh my god, he's calling me scum!

The sentence was repeated once more before I heard what he actually said, "can I HAVE a PIECE of GUM?"

My brain had already determined that anything coming from this guy's mouth was going to be negative at best, hurtful at worst–when all he wanted was some Dentyne. (I handed him the skuzziest looking piece of gum in the pack.)

I at least make an effort not to jump to conclusions. But my brain often does it for me before I can stop it. Sometimes I do it when reading an e-mail from a coworker. (She forgot a word in the sentence, accidentally changing its meaning.) Sometimes I do it when I get an odd look from someone (He doesn't have his contacts in so he is squinting a lot.) Everyone has heard the look before you leap cliché, but it applies so well to hearing in haste, as well as to acting in haste.

Next time you're about to turn on that filter, grab a piece of gum and chew it over a bit. 

3 Hear today’s lesson and laugh on The Bigg Success Show. ]

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