Essential Daily Exercises for Becoming More Successful

Become Wealthier, Smarter, and More Successful

 

Do you want to break old habits?

Do you want to manage your time more effectively?

Do you want to motivate your staff and be a more effective leader?

 

Rhett Power is cofounder of the toy company Wild Creations, named one of Inc. Magazine’s fastest-growing companies. He is a speaker and author and has written for numerous publications from Time to the Wall Street Journal. I recently spoke to him about his research on success.

He says that success today isn’t just taking a few steps, but it is available to all if you take action day after day, week after week. Rhett’s new book, The Entrepreneurs Book of Actions: Essential Daily Exercises and Habits for Becoming Wealthier, Smarter, and More Successful, focuses on 53 weeks to accomplish lasting change and success.

 


“Successful people create a supportive network.” -Rhett Power

 

Why Personal Development is Critically Important

As a busy entrepreneur, with multiple conflicting to-do lists, how do you prioritize personal development? Why is this critically important?

In my first business, I learned that if I didn’t take the time for personal development, then my business would suffer. I buried myself into making that first business work. I worked 20 hours a day seven days a week. After two years, I was nearly bankrupt, and I was physically and emotionally wiped out. I wasn’t reading, eating well, exercising, or spending time with family and friends. When I stopped to reevaluate my life and made significant changes, I saw dramatic results.

I started taking more time out of the business. When I was well rested, I made better decisions. When I started exercising, I had more energy and was more productive. When I started to take time for personal and professional growth, meaning spending time reading, researching, and planning, my business took off.

 


“Constant self-improvement is as important as a physical workout.” -Rhett Power

 

Overcome Your Fears

Let’s start with overcoming fears. You faced some seriously challenging days and, in the end, you now say that facing a fear helps you gain strength. What practical tips can you share for someone who feels paralyzed with fear?   

I have always believed I would rather have my fate in my own hands than in someone else’s. That is why I kept going even when times were tough, and I was scared we were going to fail. It’s important to understand that significant fear cannot be overcome overnight. That’s why it’s significant. To effectively deal with this kind of fear, it’s helpful to break down the object of your fear into small, more manageable parts. One of the benefits of breaking down a task that you fear is it can provide you with some insight as to what, specifically, about the task causes you to have fear.

The other thing that always makes me less fearful is preparation. Everyone remembers the feeling of confidence you get from being ready for that school exam. You also know the feeling of not being prepared. I find being over-prepared makes that feeling of fear turn into confidence.

Each time you face a fear, no matter how small, and overcome it, you gain great strength. That strength turns to courage and that courage to confidence in the doing–no matter what “doing” you might be called upon to do.

 

Reward and Recognize Good Work

You share the importance of valuing employees. As an entrepreneur, you also know that resources are often a challenge. What creative ways have you seen to accomplish this goal on a limited budget?

Even on the tightest budget, you should recognize and reward great work. Here are some things I do in my businesses:

  • Ask staff to post recognition notes to each other on a bulletin board. Add testimonies from external customers.
  • Give people time off. Time is the most precious gift, and people will always remember that afternoon or day to do what they love.
  • Send a letter to the employee’s family, telling them why their loved one is so important to the company’s mission.
  • Do one of the employee’s least favorite tasks.
  • Give a coffee or carwash gift card, sports or movie tickets.
  • Allow people to work from home or present them with a “flexible day” certificate.
  • Give departments their own week: Accounting Week, Programmer Week, etc. Recognize the contributions made, take them to lunch, make certificates.
  • Create opportunities: to be a mentor, chair a committee, do research.
  • Celebrate birthdays, babies, weddings, graduations, and any happy time.
  • Establish a “Wall of Fame” for photos and clippings that recognize outstanding achievements. Mention staff in the company newsletter, too.
  • Say, “I’m glad you’re here,” and “Thank you.”
  • Bring people together for cake and socializing or a meal like a potluck lunch.

 

Boost Your Bliss

3 Secrets to Cut Your Meeting Time in Half

Photo courtesy of iStockphoto/diego_cervo

Make Meetings More Effective

How many meetings do you find yourself in without a clear objective? Do you get stressed in the meeting knowing that the real work is building up while you are stuck? Does the meeting organizer fool anyone when he is unprepared?

 

“People who enjoy meetings should not be in charge of anything.”  –Thomas Sewell

 

Years ago, I was introduced to the concept of the “three P’s” at a Wilson Learning sales training seminar. It was introduced as an effective sales tool. Throughout the years, I have used the three P’s as a way to conduct effective meetings of any kind.  It isn’t just a sales technique.  It can be a way to save a lot of time and energy and focus the meeting on the objective.

 

“The least productive people are usually the ones who are most in favor of holding meetings.”  –Thomas Sewell

 

Use the 3P’s to Get More Done In Less Time

What are the three P’s?  Purpose.  Process.  Payoff.

Break the Rules and Upend Business As Usual

Upend Business As Usual

 

Should salaries be public?

Is it possible to eliminate the performance review process?

Should customers come second?

Do open offices work?

 

Most businesses have rules and practices that have developed over many years. Whether inherited from long ago practices or invented by the company, these rules often continue unquestioned.

My friend Dr. David Burkus is a business school professor and author who questions many common business practices. His research reveals that many of the rules are outdated, misguided, and possibly counterproductive. His research looks at the contrarian practices of companies such as Zappos and Netflix where the rules are being rewritten.

 

“Great leaders don’t settle for low levels of efficiency.” –David Burkus

 

From designing office space to eliminating annual performance reviews and unlimited vacation policies, David’s book ignites a debate and conversation.

Some of the “rules” may stand the test of time because they work while others may be held in place based solely on tradition. Regardless, his newest book, Under New Management: How Leading Organizations Are Upending Business As Usual, is a good reminder that it’s time to review all the rules and determine whether they still serve a valid purpose.

 

The Case for Change

David, in one book, you have assembled some of the most contrarian practices being used in business today. What led you to this approach?Under New Management

After I wrote my first book, The Myths of Creativity, in which I talked a bit about practices like hackathons and 20% time that spurred innovation, I started to get even more curious about the things innovative companies were doing that seemed unusual or opposite of best practices. As I travelled down that rabbit hole I found lots of people writing about why the ideas were unique and appealing, but no one was making the case for why these practices work so well. Since organizational psychology is my background, I started to look at these ideas through the lens of human behavior and found compelling reasons for why they might be better than best practices.

Do you believe many of our management practices and principles are outdated? Is this a global view?

Well that depends. As Daniel Pink rightly pointed out in Drive, the shift from industrial work to knowledge work left a lot that needed to change about how we motivate people. I think that shift has broader management implications, which I explore in Under New Management. So yes, if you’re organization does mostly knowledge work, it’s likely that your management practices are rooted in some outdated assumptions.

 

Ban Email and Increase Productivity

Let’s look at email. Does banning email really work? Do these techniques work in larger organizations? Doesn’t moving to other technology tools just move the problem and not address the fact that it is people, not the tool, that cause it?

Email is an amazing tool because it’s cheap and it’s asynchronous. But it’s a difficult tool for exactly that reason. It’s easy to send…so we send it far too much. And because it’s asynchronous, it moved us to a world where we’re always on. There are a lot of other tools that are also cheap and asynchronous, but it’s a matter of how the tool is used.

And yes, to some extent, it’s a people issue. The companies that banned email took a deep look at their communication needs and settled on another tool for internal communication. If you’ve looked at what your team’s communication needs are and email meets those needs….great. But odds are, there’s a better tool out there.

 

“Leaders are discovering that limiting email improves productivity.” –David Burkus

 

13 Counterintuitive Ideas to Upend Business As Usual

  1. Outlaw email.
  2. Put customers second.
  3. Lose the standard vacation policy.
  4. Pay people to quit.
  5. Make salaries transparent.
  6. Ban non-competes.
  7. Ditch performance appraisals.
  8. Hire as a team.
  9. Write the Org chart in pencil.
  10. Close open offices.
  11. Take sabbaticals.
  12. Fire the managers.
  13. Celebrate departures.

 

Eliminate the Performance Appraisal

Questions to Shape Self-Improvement

This is a guest post by friend and mentor Bruce Rhoades, who retired after having run several companies. He often helps me with strategy. I am delighted that he is a regular contributor.

Questions to Shape The Year Ahead

It is that time of year when many people assess the past year and make plans for the next one. Businesses develop strategies and goals, individuals write resolutions and families plan vacations. Many individual plans involve possessions, places and events.

One of the most important, but perhaps difficult, topics to assess is personal improvement. If you are happy with yourself and your current situation, everything else will seem better. Since it is sometimes more difficult to “see yourself” and develop actions for self-improvement, here is a list of questions to help identify some candidate areas for improvement.

The list covers many topics to generate ideas. I suggest that you simply read the list, make lots of notes as you go and not try to develop or prioritize actions until later. Suggestions for next steps are discussed at the end.

 

“If you are happy with yourself and current situation, everything else will seem better.”  –Bruce Rhoades

 

Questions to Ask Yourself

Learning and Growing

What new skills would I like to develop for work or for personal satisfaction?

Am I listening to different perspectives and diverse viewpoints?

What should I read to expand my horizons?

What new challenges should I undertake?

Do I have a role model to observe?

 

Appreciation and Gratitude

What am I thankful for?

Do I tell those I love that I love them?

What are my opportunities to tell others what I appreciate about them?

Do I celebrate the success and happiness of others?

How often do I praise or compliment others?

 

“Do I celebrate the success and happiness of others?” –Bruce Rhoades

 

Relationships

Am I satisfied with my relationships? Kids? Colleagues? Family?

How can I be a better partner — one that I would like to have?

Are the boundaries I have set with others the right ones?

Where should I be a more positive influence?

Are the people that demand my time the ones who I really want to use my time?

Are there relationships that I need to repair or let go?

Which relationships do I want to grow?

Do I feel and express appropriate emotion?

How and where can I be less controlling or bossy?

How can I improve my attentiveness and listening?

How do I want to be remembered?

 

“Are the boundaries I have set with others the right ones?” –Bruce Rhoades

 

Leadership

What culture do I want to create for work, family and friends?

What kind of role model am I? What attributes do I want others to emulate?

How can I bring out the best in others? At work? With family? With friends?

Are my actions consistent with my talk?

What opportunities do I have to make a difference in someone’s life?

How can I help others to grow? Who?

How can I be a better team member?

What are my opportunities to teach?

 

“What kind of role model am I?”  –Bruce Rhoades

 

Balance

The Genius of Opposites: Extroverts and Introverts

How Introverts and Extroverts Achieve Extraordinary Results Together

 

  • “I don’t understand extroverts. She is so out there.”
  • “I don’t know what he is thinking. What is bothering him?”
  • “How do I break through to her?”
  • “Was that a conclusion or is he thinking out loud?”

 

As an extrovert married to an introvert, I have long been interested in what makes an effective partnership between very different people.  I’ve learned that I’m far from alone and that many successful duos are two people with different styles and approaches. Whether a married couple or a business partnership, it is possible to adapt and develop a winning partnership. Learning to leverage each other’s strengths and capitalize on your differences can improve your results.

Author and speaker Jennifer B. Kahnweiler, PhD is known as the “champion for introverts.” I recently talked with her about her research and her new book, The Genius of Opposites: How Introverts and Extroverts Achieve Extraordinary Results Together.  She has developed a system designed to help opposites stop emphasizing the differences and instead drive toward results.

 

“Relationships are most successful when opposites stop focusing on differences.” -Dr Kahnweiler

 

Famous Opposites

Would you share a few examples of famous opposites?

Sure, there are many. The Wright Brothers, Venus and Serena Williams, Mick Jagger and Keith Richards, Mark Zuckerberg and Sheryl Sandberg, Penn and Teller, Siskel and Ebert, Teddy Roosevelt and William Howard Taft, Steve Jobs and Steve Wozniak.

 

Sticking Points

What most bothers introverts about extroverts and vice versa?

There are a lot of disconnects on both sides. Introverts think extroverts are changing their minds and don’t have clear thinking when they toss out ideas. But they are just releasing their energy, and they get charged up that way. They are just downloading ideas.

Introverts also wonder why extroverts need so much going on. They think extroverts don’t have enough self-discipline to just be there and get work done. Introverts judge that a lot. But extroverts like more stimulation, and the juggling makes them energized and engaged. They get their work done, just in spurts.Jennifer Kahnweiler headshot

Other misfirings in their wiring? Being private (introverts) vs. being an open book (extroverts) causes challenges. Introverts want to get to know you slowly and warm up to you. Extroverts feel excluded when introverts don’t share and get tired of pulling answers out of introverts who don’t offer much info during conversations.

Introverts crave quiet time for recharging, creativity and decompression and are frustrated when extroverts don’t let them have it. Like a teenage boy, my introverted husband Bill keeps a sign on the door that says, “Do Not Disturb.” He means it, too!

 

A Model for Bringing Us Together

Opposites can form a strong partnership if they follow your ABCDE model. How did you develop this approach? Is one part more difficult for an extrovert or introvert?

I interviewed over 40 sets of opposite partners and key themes emerged. I asked them to explore the successes and struggles they had in working with their opposite partner. Because they spoke with me or wrote me separately, some unique perspectives emerged. I also read about figures from sports, entertainment and science. I learned that the success factors crossed over fields and roles.

I think the challenges we face in opposite pairings are equally difficult for introverts and extroverts. And if we are honest about it, we each drive each other crazy from time to time!

Extraordinary Results

“Genius opposites do not just ‘happen’.” -Jennifer Kahnweiler

 

How Opposites React to Stress

How do opposites react to major stress?