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Does Haste Still Make Waste?

speed Do you remember this old saying, “Haste makes waste?” It certainly rolls off the tongue. But we wonder – is it still true?

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We hear all the time that we have to move fast today to gain, and maintain, a competitive advantage. So it may seem that the old saying has become outdated.

But if we move too fast, we risk making more mistakes. Now this age-old saying may not be talking about high-level mistakes, but we wondered if it could be applied in that realm. We may squander precious resources if we don’t make the right moves in the right sequence.

Speed without direction gets us nowhere fast.

It doesn’t do us any good to go fast if we don’t know where we’re trying to go. Yet we often make this mistake. In our haste, we skip a step. Instead of “Ready, Aim, Fire”, we truncate it to “Ready, Fire.”

The result? We’re in perpetual motion, but the actions we take don’t move us toward the life we want to live. We waste a lot of time but see little advancement. We get tired, frustrated, and discouraged because we feel like we’re working our butts off but still not getting anywhere.

Direction without speed is no better.

Once we’ve decided where we want to go, we do need to move fast. Because we often miss a step here too. “Ready, Aim, Aim, Aim, Aim …” doesn’t work either.

We fail to take the first step because we get scared. So we don’t get anywhere. We allow our fears to paralyze us. Then someone gets where we need to be first and we miss our bigg opportunity.

Get where you want to be when you want to be there.

Speed and direction. We often have one without the other. But to succeed bigg, we need them both congruently.

  • Speed to direction.
    We need to move quickly to determine where we want to go. While we don’t need to move as fast here as we do once our destination is determined, it’s still important not to lollygag. We only have one life to live. So we want to discover where we want to take it as quickly as possible.

  • Direction with speed.
    Once we’ve done that, we want to get there as fast as we can. GO! FAST! Now is the time to move quickly and this is where the competitive advantage comes in.

Because as we move toward our destination, we learn about the environment we’re operating in. There may be a detour we have to take. There may be road construction we can avoid. By moving quickly, we spot these things before others so we’re able to stay ahead of them.

So speed to direction with speed for bigg success in your life! 

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Thanks so much for checking in on us today. Join us next time when we discuss the art of delivering value. Until then, here’s to your bigg success!

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Direct link to The Bigg Success Show audio file:
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Savers Spenders and Investors

investments When personal finances are discussed, the experts usually divide people into savers and spenders. We ran across a press release from Fidelity, the mutual fund giant, about a survey of workers in the non-profit world. They asked the participants if they were a saver, a spender or an investor.

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We thought it was very astute to add that third category. Which one do you fit in?

The workers in the study split themselves about evenly between saving and spending. 46 percent claimed to be savers while 45 percent admitted to being spenders. So that leaves only 9 percent who classified themselves as investors.

Merging the two categories

We suspect that fewer people today would classify themselves as spenders than say a year ago. A lot of us are getting on the savings bandwagon. That’s definitely a step in the right direction, but saving it isn’t good enough.

This data suggests a bigg idea. We shouldn’t think of ourselves as either savers or spenders. We should always think like an investor. We should merge the two categories – spender and saver – into the third category – investor.

We must know how to invest it or we won’t end up with the resources we need to live the life we want.

From spender to investor

Here’s some good news for spenders: thinking like an investor doesn’t necessarily imply that you don’t spend. It means that you spend differently.

You look at every single dollar you spend as an investment. Is it going to bring you enough return to make it worth giving it up? And that “return” may not come in dollars earned on dollars invested.

It may mean that it adds enough to your level of “happiness” to make spending the money worth doing. If it passes that test, then spend, spend, spend! If not, hold onto it.

For example, you may see a real deal on some non-perishable consumer good. Buy it. Stock up. Say an item is on sale for half off. Let’s pretend that you know that it only goes on sale once a year. If you buy a year’s supply, you’re making 100% on your money. That’s hard to beat!

So get to know the promotional cycle of the brands you use regularly and time your investment appropriately. Know when various businesses need the money more. For example, from car dealers to contractors, there are seasons when people are buying a lot and times when people aren’t. Time your purchase for their slow periods and reap the benefits.

From saver to investor

Now let’s think about savers. It’s great to save, but if you’re only earning two percent on your money, where’s that getting you?

We know … we know … you’d rather earn 2% than lose 40%! We completely understand that thought process.

However, investors don’t operate out of fear. They operate rationally. And we have to resist the temptation to go with the masses because they’re usually wrong in the long run.

Just like with consumer goods, there are some real deals out there on assets right now if you can afford to hold them long-term.

The best time to get out of a particular market is often when everyone else is getting in. And the best time to get in is usually when everyone else is getting out.

Years ago, we were told by a very successful real estate investor that when you see the no-money down real estate infomercials proliferating, it’s time to get out of real estate. How many of those do we see now compared to three years ago? 

Now think about stocks. Many of the same people who are touting doom and gloom now were spouting off about the end of the business cycle and the ever-upward spiral of stocks just a couple of years ago.

So to think like an investor, think for yourself. 

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Thanks so much for spending some time with us today. Join us next time when we ask, “Does haste still make waste?” 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/00336-022309.mp3

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Taking Time Off to Get More Done

work See if you can relate to this. You push and push and push, burning the candle at both ends – the early bird meets the midnight oil burner. Day after day – six, seven days a week – week after week. Finally, you reach a point where your mind and your body say, “Enough already!”

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We recently experienced this, so we listened … for a change. We crashed! We took some time to decompress. We often don’t realize how tired we are, how much we need the time away from our work.

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georgeWhen I was a graduate student, I worked in the Undergraduate Advising Office. As one weekend approached, I asked the Dean how his weekend was looking. He replied, with a little frown on his face and his shoulders drooping slightly, “Ugh. It’s not good. We have plans on Friday night and again on Saturday.” Or he might say, “Oh, I can’t wait. We don’t have anything planned for the whole weekend!” I didn’t understand his thinking at the time, but now I see the wisdom in it!

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So that’s how it went for us last weekend. It was great to wake up in the morning and realize there was nothing on the to-do list – nothing we had to do, nowhere we had to be.

We work crazy hours like many, if not most, business owners … especially those of us in the early stages of our businesses. But at a certain point, it becomes counter-productive.

We spend time doing what we do, but we don’t do as much as we could if we got a little rest, some time away to decompress. So we realized that we needed to learn from this.

As bigg goal-getters, we push ourselves to extremes. But we learned it can be counter-productive. On top of our business keeping us busy, we’re pretty social people. But sometimes it’s good to say no to just about everything and just have time to yourself.

We admit that we aren’t so good at work-life balance. We do a relatively good job of integrating our personal and professional lives. We can turn on a dime – talking about work one minute and moving to the personal the next. But we need more than that as we learned this past week.

We realized that the only way that we will take the time off we need is to treat it like everything else we want to get done. We put it on our calendars!

We’re saying “No” to seven days week. We need a day off every week. God did. Why should we think we don’t? Every other week, we’re setting aside two days.

Now it doesn’t mean we won’t work per se. It just means we won’t have a to-do list chockfull of things that we must do.

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georgeI love to do research. I find it very relaxing. While I try to fit in a little research time every day – and to some extent I’m always in research mode looking for show topics – it’s great to do research at a leisurely pace.

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marylynnAnd I’m a gadget girl. I love to play with my techie tools. That’s one of my roles in our business. I enjoy looking at new technologies and seeing how we might use them in our business. When I’m just searching and having fun, it doesn’t feel like work.

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So we’re still integrating work and play. We’re just planning our play better so that it feels more like play and less like work. Because you know what they say about all work and no play!

When we work, we want to be highly productive because our work is still a means to an end, not an end in itself. We love our work, but we love it more when we’re refreshed.

And we get more done. This week, we’ve accomplished a whole lot because we had more energy because we took time to decompress. So that’s your motivation … take some time off so you get more done!

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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!

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When it comes to our personal finances, we hear a lot about savers and spenders. But there’s a third category we rarely hear about. And it’s the one we really should strive to be. Join us next time to see what it is.

Thanks so much for reading our post today. Now plan some time off! 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/00335-022009.mp3

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I Just Got Laid Off – Part 3

work We’re wrapping up a 3-part series on what to do if you just got laid off. In Part 1, we discussed the day you learn about your layoff. Part 2 was about the first couple of days after the announcement. Now we want to talk about moving on to your next job.

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We’re moving ahead quickly, but don’t be alarmed if you’re not quite ready to move on just yet. You’re going through a grieving process so it will take some time. Be aware of it, but also look forward to that time in the near future when you start feeling your zest return. If it doesn’t return relatively quickly, you may consider speaking with a professional.

During this time, it’s important to maintain a proper attitude. One of the best ways to do this is by associating with positive people. It’s also helpful to talk with people who have gone through this before. Ask for their advice. Almost everyone really likes to help other people. They can encourage you with their story.

Next, assess your financial situation. Ask yourself how aggressive you need to be in your job search. Map out a timeline. Think about phases.

For example, in Phase 1, you may be able to be very choosy in your job search. Phase 2 may mean you need to find a job soon so you’ll be less selective. In Phase 3, you may freelance or work part-time to get some money in the door. You may find a job in the first phase, but you’ll be prepared in case you don’t. 

Also plan how you will market yourself. Think about what makes you unique? How can you communicate that? What opportunities play to your core strengths?

Obviously, you’ll also need to update your resume if you haven’t already. We found a great site for help with resumes, cover letters, job search and interviewing tips. Check out Resume Help.

Begin to think about how you will explain your recent departure. Practice interviewing with a friend, preferably someone who is a manager who interviews people. Get feedback.

One of the most important things to get on your to-do list is networking. It’s amazing how many people land a new job through a referral. Resist the urge to go into self-imposed isolation. Reach out to everyone you know who might be able to help you. Tell them what you’re looking for.

Have you registered on Meetup to find out about local events of interest to you? Are you on LinkedIn? What about Facebook? Have you joined any social networking groups for your industry? The contacts you make through these sites will be invaluable now.

The good news is that most people who go through this report that they are happier in their new job than they were in their old job. It may take some time, but you’ll land on your feet!

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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 stopping by today. Join us next time when we discuss scheduling time to decompress. 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/00334-021909.mp3

Related posts

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(Image in today's post by Hisks

The Need to Lead – Part 2

career_opportunities On The Bigg Success Show today, we continued our discussion with Douglas E. Welch, host of the popular Career Opportunities, podcast. Last time, we discussed why Douglas has declared 2009 the “Year of the Leader.” Let’s get back to the conversation …

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georgeOne of the challenges we face is getting started. You’ve talked about inertia – we tend to remain inanimate unless we really push ourselves. One of your quotes that I love is that we need “leadership over laissez-faire.”

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douglasThere’s the old phrase that the only person who likes change is a wet baby. I see that every single day. It is so important. Newton had it right – objects at rest tend to remain at rest; objects in motion tend to remain in motion. I find that if I can get someone in motion, making the smallest step, the next step becomes all the easier. There is something about momentum and forward movement that builds on itself. Unfortunately, inertia builds on itself too. We can become really sedentary in our lives in a variety of ways – both physically and mentally. That’s part of the reason I write the column. Sometimes when I write, I picture myself giving that stone just a little bit of a push downhill. If I can get it to roll a quarter of a rotation, maybe it will start to roll a little bit further. That’s something we need to do in our own life and also cultivate in others.

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marylynnLeaders are admired for their ability to keep pushing, taking all the steps necessary to keep progressing toward goals. Does your knowledge in this area stem from a time when you didn’t push yourself enough?

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douglasI have to admit that I face this problem every day. I think we all do. There are days when we just want to sit down and do nothing. We just want the world to go spinning around us and not have to worry about whether we have groceries in the house or if that check has come in from that client. It just gets a little overwhelming to us. I grew up in a very small town – a rural town – in Ohio of about 2,000 people. Frankly, in a town that small, there’s a lot of inertia. There’s not a lot of push to go on. I found out very early, though, that I get bored very easily. If I don’t have a constant set of stimulus coming in, I can very easily settle down and just let the world go by me. So as part of learning about myself, I realized I have to have a new book to read, something new to watch, a new place to go to, a new area to go for a walk. I have to constantly have that new input so that I can continue to create the output that I do create such as my column, my podcast, and the other stuff that I do.

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georgeThat’s a great way of looking at it. Look at the inputs – the actions that you take – and then the results will come at some point.

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douglasThat comes from an artist coach that I had become friends with many years ago. I worked at Walt Disney Imagineering for five years as an IT professional in the computer department. One of the biggest perks I got at that job was that I had access to all of the art coaches that all the creative people did. One of the things we discussed was that you cannot output art or other great things in life unless you have enough input coming in. Those are the raw materials that you use for your creation. I really took that to heart and have lived that particular philosophy for a long time now.

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georgeAnd if you can’t afford a coach, find that friend who may be a little bit ahead of you in life or in their career. I have a friend who I meet for coffee. We would always say we needed to get together more often, but it never happened because we didn’t make it happen. So we finally said that we would meet at a particular time every month. That’s what made the difference – getting it pre-planned.

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douglasI started a whole new event here in Los Angeles specifically for that reason. It’s LA Friday Coffee. It is coffee and casual conversation between work and dinner. We meet at various coffee places all around the city. But at its essence, that is my attempt to get myself out on a Friday night to meet and talk to people that I don’t see often enough.

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marylynn
And boy you just can’t beat coffee!

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george
Unless it’s a martini!

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douglas
Anyone who follows my Twitter stream knows that I’m into coffee!

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george
We have to be, doing what we do. Right?

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douglasIt’s weird. I’m a geek in all things. When I find a new interest, I geek out on it as much as I geek out on technology or anything else I’m interested in. So I’ve read up on roasting coffee, how to make coffee, and the perfect espresso shot. My wife’s family is Sicilian and we’ve been to Sicily so I’ve tasted real coffee. That whole geekness kind of filters into my whole life as well.

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george
I’ll bet you make a mean cup of coffee though. When will it be ready? We’re on our way!

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Thanks Douglas for sharing your thoughts with us. He has started a free online resource called Career Camp where members of his community can share their expertise. We highly recommend it to you!

And thank you for taking time to read 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/00333-021809.mp3

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