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4 Reasons Smart Leaders Know When to Stop Playing It Safe

Ask yourself what makes you happy

An opportunity should not only be viewed by the benefits it provides. 

Knowing how the opportunity will make you happy should also have an influence on your decisions.

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4 Reasons Smart Leaders Know When to Stop Playing It Safe

4 Reasons Smart Leaders Know When to Stop Playing It Safe

https://www.inc.com/minda-zetlin/4-reasons-smart-leaders-know-when-to-stop-playing-it-safe.html

inc.com

4

Key Ideas

Ask yourself what makes you happy

An opportunity should not only be viewed by the benefits it provides. 

Knowing how the opportunity will make you happy should also have an influence on your decisions.

Be willing to gamble on yourself

Moving on in life is possible if you have a good understanding and knowledge of yourself.

Believe in yourself that you are able to figure out a way forward. 

Double down

Finding a good opportunity may leave you to put everything in to make it work, and the confidence to move beyond your safety nets. 

The safe thing may not be the right thing

Life challenges us. We have the ability to meet those challenges if we believe we can.

Consider how you got past other challenges to give you confidence to handle the next one.

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Align your decisions with your vision
Find the right people to bring on board and the best strategies or tools to use. Be very clear about why you are creating your product.
Develop a presales waiting list 

.... with your early supporters. Get people excited in advance. There is a risk if the production run goes south, but this is a good way to pay for early production costs.

You can’t take “no” for an answer

Just because somebody tells you no, that’s their limitation.

Just keep pressing forward until you feel you’ve come to the end of the path, but do not let the end of your path be because someone else does not believe in your idea. 

one more idea

Rich Dad, Poor Dad
Rich Dad, Poor Dad

"Rich Dad, Poor Dad" is a best-selling personal finance book, written by Robert T. Kiyosaki and Sharon L. Lechter.

It reads like an allegorical story about Robert Kiyosaki a...

“Poor dad” vs "Rich Dad" Mentality

The “Poor dad”, a stereotype for the regular salary man, believes that one should work for money as an employee at a stable job. This mentality can trap a person into working a job they don’t love, but is willing to stick with because they have to pay the bills.

The "Rich dad", an entrepreneur, thinks wealth comes from experience-based learning (learn on the job, by becoming an entrepreneur) and multiple income streams.

When the “poor dad” encourages working your way up the ladder, “rich dad” laughs and says, “Why not own the ladder?”

Key lessons for becoming a "Rich Dad"

According to Kiyosaki in his book "Poor Dad, Rich Dad", rich people do certain things poor people don't:

  1. The rich buy assets (things that generate revenue like bonds), not liabilities (things that cost money like rent).
  2. The rich become financial literate through experience, not by studying hard at fancy schools.
  3. The rich learn to sell early on.
  4. The rich manage fear better. They take more risks and don't play it safe.
Assertiveness
Assertiveness

Assertiveness is behaving in one's own best interests, standing up for oneself without being anxious or guilty, expressing one's honest feelings comfortably, and exercising one's right without deny...

Three Types of Behaviour
  1. Passive behavior: it isn't honest but geared towards being nice to others.
  2. Assertive behavior: it is direct and honest, respecting others but focusing on the self.
  3. Aggressive behavior: it is harmful, egoistic and is about controlling others.
The Middle Path

Most people are either passive or aggressive. Passive people are afraid of confrontation and lie easily.
Aggressive people are not liked, as they can trample others for their own benefit.

The middle ground, assertiveness, is where you want to be: Respectful, firm, observant, and detached.

Self-Made Millennials

Millennials who claim to be ‘self-made’ get support from their parents and in some cases, enjoy the privilege too, but are reluctant to admit the same. They have to show the world that they are abl...

The Truth About Millennial Money
  • It’s important to share your real struggles, support and fundings once you find success, or it gives a distorted and false impression to those struggling without any resources. There shouldn’t be a stigma attached to getting help from parents and spouses.
  • It’s imperative to have transparency about money and understand that in any structure of privilege, the people at the top have to take into account what it means to people below them, who are struggling with meagre resources or a network of supporters.
Beyoncé

“The world will see you the way you see you, and treat you the way you treat yourself. It’s all about treating you..."

Beyoncé
Beyoncé
Beyoncé

When I’m not feeling my best I ask myself, ‘What are you gonna do about it?’ I use the negativity to fuel the transformation into a better me.”

6 Life Lessons From Beyoncé
  1. Don’t let negativity bring you down, use it as fuel to promote the change that will push it away.
  2. Take care of your mind and body and don’t feel selfish for doing so.
  3. Beauty comes from within, don’t focus on the aesthetic.
  4. Be self-reliant and don’t let other people’s opinions take you off course. You are the only one responsible and capable of taking care of yourself as you need.
  5. Accept that failure is a possibility and let that push you harder to succeed.
  6. Don’t give in to the expectations of others, never settle and set your own timeframes to achieve satisfaction.
Adaptability in a changing world
Adaptability in a changing world

In our rapidly changing world, adaptability is a must-have characteristic.

Organizations want team members who can take on new responsibilities and gain new skills as needed. You should n...

How to assess adaptability
  • When interviewing people, ask "what if" questions. It will force a person to picture multiple possible versions and make decisions accordingly. It will give a sense of the candidate's adaptability based on how many scenarios they're able to come up with.
  • "Tell me about the time you were wrong," followed by "What is the most convincing argument of those who disagreed with you?" will tell you if people are willing to change their minds and consequently be more adaptable.
Unlearning instead of learning

Unlearning is an important sign of adaptability and very useful for people who are looking for a new job.

Unlearning is challenging what you think you know and overriding the information with new data.ddsadasdasd

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Take Stock and Track Your Time

You can’t really clean up your schedule if you don’t know what’s in it—and that includes all the things on your literal and official calendar and all the things that aren’t. 

Purge Recurring Meetings and Tasks

Once you know what’s on your calendar, ask yourself: “What is the purpose of each thing on here? Are we accomplishing that or does something need to change?” 

Question each task. Start with recurring meetings, which can very easily build up and take over your calendar.

Sort Things By Importance and Urgency

... and put them in one of four quadrants:

  • Quadrant I: Important, Urgent (crises, last-minute meetings for important deadlines)
  • Quadrant II: Important, Not Urgent (strategic planning, long-term goal setting)
  • Quadrant III: Not Important, Urgent (certain emails, phone calls, meetings, and events)
  • Quadrant IV: Not Important, Not Urgent (scrolling mindlessly through social media, binge-watching TV you don’t really care about).

4 more ideas

Assembling the Team

... that's capable of executing in a remote setup:

  • Hire doers: they will get stuff done even if they are working from a secluded island.
  • Hire people you can trust....
Software/Tools

In a remote team, you'll need the right tools to make sure everyone stays on the same page and can continue to execute without a physical person standing next to them.

You likely will need a tool in certain categories like group chat and video conferencing to make remote successful.

Processes

Good processes let you get work done in the absence of all else. They provide structure and direction for getting things done.

A few examples from Zapier:

  • Weekly Hangouts;
  • Weekly One-on-Ones;
  • Bring the team together 2 times/year somewhere cool;
  • Automate anything that can be automated.
Five Professional Lessons From Beyoncé
  1. Involve yourself in decisions big and small: Beyoncé started her own company, Parkwood Entertainment, to have complete control over her brand and to show women they could take matters i...
Beyoncé

After dropping her black empowerment anthem “Formation,” the pop star is preparing to embark for her first world tour since 2014.

The world tour will be yet another addition to the superstar’s already-impressive CV, which includes five solo albums, 20 Grammy Awards and 53 nominations, a net worth of $250 million in 2015, and serving as the founder, president, and CEO of her own company, Parkwood Entertainment.

Benefits of workplace collaboration

Employees can share resources, swap perspectives, and boost each other’s creativity.

Collaboration allows us to capitalize on the collective knowledge and expertise of our people, whil...

Downsides of collaboration

Collaborations can be unproductive, time-wasting, and a strain on top employees.

Collaborative organizational structure can drain people’s time and resources, wherein employees are “emailed to death and meetinged to death."

For effective collaboration...

... (or delegation), it helps to know where everyone’s expertise lies. 

Make sure your employees get to know each other, whether that happens through group lunches, coffee breaks, or informal social events. This also builds trust — a vital element for successful collaboration.