One of the biggest mistakes we can make as professionals is letting fear seep into our mindsets. Most do not realize how strong a role this dominating emotion can play in their everyday actions, but once it enters, the results can be catastrophic to the person’s short- and long-term goals. Whether it be fear of failure, fear of the unknown or fear of taking risks, it is important to banish the bad habit of fear and worrying in order to achieve your true purpose.
In order to gain more control of your career and take it to the next level, implement a strategy to overcome fear by following these seven principles that will help put you on the path to success.
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A life-long education advocate, Sharon Lechter is the founder of Pay Your Family First, a financial education organization, and YOUTHpreneur, an innovative new way to spark the entrepreneurial spirit in our children.
In 2008 Sharon was appointed to the first President’s Advisory Council on Financial Literacy. She and the 18 other members of the council, selectively appointed by President Bush, continue to serve President Obama and advise him on the need for financial literacy education. To read Sharon Lechter’s complete biography, click here.
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Changing an organization’s culture is extremely difficult. Doing so requires the alteration of the commonly held values of the entire workforce, beliefs that have been embedded in the organization’s policies and procedures and reinforced over an extended period of time; beliefs that many will hold as the company’s definition of right and wrong. Subsequently, changing a company’s culture will almost assuredly be met with significant resistance.
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Innovation is the introduction of new things or methods and is the life blood of business today. Innovative companies realize remarkable marketplace rewards. The challenge before leaders is how to inspire their workforce to use the full measure of their creative power to advance the organization in new and better ways.
The Business of Innovation is a five part series created by CNBC in association with IBM. Within each episode, Maria Bartiromo and a distinguished panel of guests discuss what it takes to be an innovation leader.
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Should you share your firm’s financial results with this staff? This is one of the questions that business owners face every day, and all too often the answer is no.
But no is probably the wrong answer. An organization can very often improve performance and get its employees bought into it’s mission and purpose simply by sharing financial results with the employees.
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Bill Hettinger, Ph.D. is an internationally known consultant, educator, and thought leader who has trained numerous students, business owners, and managers in finance, entrepreneurship and small-business creation.
His latest book is Finance Without Fear: A Guide to Creating and Managing a Profitable Business. Finance Without Fear is an easy to understand guide to finance that not only explains the key concepts of finance, but also explains what the numbers mean and how finance can be used to create a business with a competitive advantage. He can be contacted at [email protected]. To read Bill’s complete biography, click here.
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Think about if there were no guardrails on the freeway. It would be all too easy to run off the road and find yourself hurt and way off the fast track to your end destination.
Business is a fast and zigzagging road – a road that needs guardrails to keep businesses and projects on track. On your road to success (whether it be to increase profits, become an industry leader, capture more market share, etc.), you need to establish your own guardrails so you do not drive your company or project into the weeds.
Establish Guardrails
I worked in several large companies during my corporate career, and I can’t tell you the number of pet projects that became my pet peeves. I saw literally millions and millions of dollars flow into projects that had no real metrics and timeline in place. In other words, these projects had no guardrails.
You can ensure that your projects don’t waste time or money by simply putting the correct boundaries in place. You must think, “this is what we’re trying to drive to and if we don’t get to it at this point, we’re going to go back to the drawing board to go after the next idea.”
Proper Boundaries
To establish proper boundaries, you must do the following:
Identify the major steps (or zig zags) that will take you to your goal. Example: Zig #1: Drive to profitability – have product bring in $20K in revenue.
Define when you have completed your zig zag. Example: We will have sold 15K units of product.
Set a deadline to assess your team’s progress. Example:We will have sold 15K units of product and bring in $20K in revenue by April 2012, or we will go back to the drawing board.
Zigzagging to Success
Establishing guardrails is just one element of the entire Zig Zag Principle. I encourage you to be strategic and deliberate about the way you approach your business. It may seem counterintuitive, but zigzagging to your goal (rather than charging straight for it), with the correct guardrails in place, will lead you and your business to success.
About the Author
Rich Christiansen describes himself as ‘a perfectly good business executive, turned entrepreneur.’ Before becoming an entrepreneur, he was a skilled executive and market innovator in the corporate world. He was General Manager at both Mitsubishi Electric and About.com. After 20 years in the technology industry, he discovered that his true passion and talent is in launching start-up companies.
Rich has founded or co-founded 32 businesses. These ventures were bootstrapped with just $5,000 to $10,000 of starting capital. Eleven of those businesses were miserable failures, but eleven have became wildly successful multi-million dollar businesses. Rich has identified The Zig Zag Principle as his secret formula for optimizing success while minimizing failure. It is also his methodology for setting goals and living a happy, healthy life. To read Rich Christiansen’s full biography, click here.
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Take Your Career to the Next Level by Being Fearless
/in Practices for Professionals/by Napoleon Hill and Sharon LechterOne of the biggest mistakes we can make as professionals is letting fear seep into our mindsets. Most do not realize how strong a role this dominating emotion can play in their everyday actions, but once it enters, the results can be catastrophic to the person’s short- and long-term goals. Whether it be fear of failure, fear of the unknown or fear of taking risks, it is important to banish the bad habit of fear and worrying in order to achieve your true purpose.
In order to gain more control of your career and take it to the next level, implement a strategy to overcome fear by following these seven principles that will help put you on the path to success.
Hi there! This article is available for free. Login or register as a StrategyDriven Personal Business Advisor Self-Guided Client by:
Subscribing to the Self Guided Program - It's Free!
About the Author
In 2008 Sharon was appointed to the first President’s Advisory Council on Financial Literacy. She and the 18 other members of the council, selectively appointed by President Bush, continue to serve President Obama and advise him on the need for financial literacy education. To read Sharon Lechter’s complete biography, click here.
Corporate Cultures – The Culture Change Penalty
/in Corporate Cultures, Premium/by StrategyDrivenHi there! Gain access to this article with a StrategyDriven Insights Library – Total Access subscription or buy access to the article itself.
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The Business of Innovation – The Responsibility Revolution
/in Practices for Professionals, Recommended Resources/by StrategyDrivenInnovation is the introduction of new things or methods and is the life blood of business today. Innovative companies realize remarkable marketplace rewards. The challenge before leaders is how to inspire their workforce to use the full measure of their creative power to advance the organization in new and better ways.
The Business of Innovation is a five part series created by CNBC in association with IBM. Within each episode, Maria Bartiromo and a distinguished panel of guests discuss what it takes to be an innovation leader.
Share Your Financial Results and Improve Performance
/in Business Communications/by Bill HettingerShould you share your firm’s financial results with this staff? This is one of the questions that business owners face every day, and all too often the answer is no.
But no is probably the wrong answer. An organization can very often improve performance and get its employees bought into it’s mission and purpose simply by sharing financial results with the employees.
Hi there! This article is available for free. Login or register as a StrategyDriven Personal Business Advisor Self-Guided Client by:
Subscribing to the Self Guided Program - It's Free!
About the Author
His latest book is Finance Without Fear: A Guide to Creating and Managing a Profitable Business. Finance Without Fear is an easy to understand guide to finance that not only explains the key concepts of finance, but also explains what the numbers mean and how finance can be used to create a business with a competitive advantage. He can be contacted at [email protected]. To read Bill’s complete biography, click here.
Guardrails: Keep Your Projects Out of the Weeds
/in Alternative Selection, Strategic Planning/by Rich ChristiansenBusiness is a fast and zigzagging road – a road that needs guardrails to keep businesses and projects on track. On your road to success (whether it be to increase profits, become an industry leader, capture more market share, etc.), you need to establish your own guardrails so you do not drive your company or project into the weeds.
Establish Guardrails
I worked in several large companies during my corporate career, and I can’t tell you the number of pet projects that became my pet peeves. I saw literally millions and millions of dollars flow into projects that had no real metrics and timeline in place. In other words, these projects had no guardrails.
You can ensure that your projects don’t waste time or money by simply putting the correct boundaries in place. You must think, “this is what we’re trying to drive to and if we don’t get to it at this point, we’re going to go back to the drawing board to go after the next idea.”
Proper Boundaries
To establish proper boundaries, you must do the following:
Zigzagging to Success
Establishing guardrails is just one element of the entire Zig Zag Principle. I encourage you to be strategic and deliberate about the way you approach your business. It may seem counterintuitive, but zigzagging to your goal (rather than charging straight for it), with the correct guardrails in place, will lead you and your business to success.
About the Author
Rich has founded or co-founded 32 businesses. These ventures were bootstrapped with just $5,000 to $10,000 of starting capital. Eleven of those businesses were miserable failures, but eleven have became wildly successful multi-million dollar businesses. Rich has identified The Zig Zag Principle as his secret formula for optimizing success while minimizing failure. It is also his methodology for setting goals and living a happy, healthy life. To read Rich Christiansen’s full biography, click here.