Archive for the 'Inspiration' Category

Jul192008

Sex and the Art of Overcomplicating - Part 1

whisper in dark

For some reason humans have some gene that wants to make simple issues complex.

Overcomplicating. Making something bigger than it is. Creating a mountain out of a molehill.

Call it what you want, but there aren’t very many things that mess up situations in life more than making a problem or situation grow to disproportionately. Think of the last time you had an argument or disagreement with someone - did you find it escalate? Each side digging their heels in more?

I think we (all of us) have a tendency to read too much into things - we make assumptions and judgments and conclusions without having anything real to base them on. It seems that our brains don’t like to sit on issues for very long. It suits us better to make a snap decision, check the thought off of our mental list and move on.

In relationships, how many times have you heard: “sex will just complicate things”? Why is this? The pressing emotional and physical needs get ‘checked off’ by the brain, regardless of the consequences.

It happens all the time in business (if it didn’t, then Dilbert writer Scott Adams would be out of a job). Meetings and discussions ad-nauseum for the sake of more meetings and discussions. The more time, effort, analysis are wielded to decide to make decisions to make an end decision.

Overcomplicating can be insidious. It creeps up on you when you least expect it.

We were recently looking financing for our real estate investment business. The structure, terms and payment schedule were what we expected - however, when it came down to which properties to finance the water got a little murky. We started to analyze things more and more. We questioned our original plan; was it still valid? What about “X” or “Y” or “Z”? It seemed like our minds were playing tricks on us. We had lost sight of the overriding goal and intent of our actions. We had overcomplicated a situation that, in its essence, was really quite simple.

Too much information can cause analysis paralysis - which we experienced. Fear and uncertainty can also cause us to make things much bigger than they really are - if we overcomplicate it, we can analyze it more and more and avoid making a decision.

Remember the KISS principle? Keep It Simple Stupid. The more we adhere to this the better off we will be - in all situations.

Jun262008

THE Solution to High Gas Prices

Kill everybody!

gas shortage

Just kidding…(sort of)

Here it is…

1. Spend Less

or

2. Make More

A tale of two paradigms? Yyyyyeeeeessssss….

It’s the age-old “top down” versus “bottom up” approach in business management. Meaning = you can either improve profitability by increasing sales and holding costs constant or you can cut costs while revenues remain steady - or better yet, option #3 - do both.

Believe me, I hate paying $400.00 (er, $4.15) for a gallon of gas just as much as the next red-blooded, apple-pie eating, hot-dog gobbling, puppy-dog loving, drive 50 miles just for the heck of it American consumer. But, there has to be a better way to get around this whole gas situation without blaring our lungs complaining like Walther Mathau in Grumpy Old Men.

It’s all a matter of offense versus defense. Sometimes it’s good to play defense, but only as part of an offensive strategy. The whole goal of the game is to make money, right? Why have a defensive mindset, then? Why not play the game to win instead of playing ‘not to lose’?

Worth considering further…

Test your natural instincts by asking yourself what the first thing you do when things in your business show signs of slowing down. Do you look to slash and burn costs right away? Or, do you look to re-double your sales and marketing efforts?

It’s really hard to save your way to success in business. If you take the ‘wait and see’ approach, you will likely be seeing your competitors pass you by. This is why I have found that when times are more challenging, it is best to re-focus on your top line. Always stay mindful of your costs, but if you cut back when things aren’t so rosy, you will be on the short-end of the inertia stick when the weather breaks.

Instead of complaining about high gas prices and cutting back on driving places you want to go (assuming that you are cutting back on driving to save money and not because of your un-abiding concern for the environment) try taking a different perspective - make more money. Once you start looking at things this way, you will feel your mind open up to new possibilities; you will be looking at the world through the eye-glasses of abundance instead of perpetual scarcity.

Treasure chest

So, let’s look at our choices to the gas price crunch once again:

1. Spend less

2. Make more

I hope you go down the rabbit hole of choice #2. But, if you see a lot of talking animals you may have sniffed too many fumes at your last fill-up (be careful)…

May152008

The Power of Inertia - Part 1

Inertia (i-nur-shuh): the property of matter by which it retains its state of rest or its velocity along a straight line so long as it is not acted upon by an external force

If you want to start seeing the changes you want in your life or in your business, then you need to understand the power of inertia. In fact, I think that more people aren’t able to make the changes they want in their business, personal or financial life because they fail to understand and utilize this powerful force.

Have you ever heard someone say: “the first step is always the hardest?” Did you ever wonder how this statement came into existence? I have a one word answer: inertia.

Sir Issac Newton was quoted so many years ago saying: “an object in motion tends to stay in motion; an object at rest tends to stay at rest.”

newton

To me, as a non-physicist, I can apply this to my personal and business life. Once you are moving toward something (your goals), you are infinitely closer to achieving them simply because you are moving. I see and hear so many people who want things like more money, more time with family and improved improved health who just can’t seem to get out of the starting blocks. The main reason for this is inertia (think: an object at rest tends to stay at rest).

On the flip side, I see people who careen from achievement to achievement, bewildering all those observing. They make more money, have better health and enjoy a more fulfilling life. Inertia has a lot to do with this as well (think: an object in motion tends to stay in motion).

In the his classic book Good to Great, author Jim Collins talks about the ‘flywheel effect’. Essentially, the ‘flywheel effect’ is when an organization, product or idea gains steam (e.g. market leadership, profitability gains, etc.) after months or years of steady work or ’small pushes on the flywheel.’ By their nature, flywheels take repeated effort to get up to speed, but then are able to generate high levels of energy. What should be noted about the flywheel effect is that it takes movement to get going and then the power of inertia takes over.

flywheel

No, I am not trying to make everyone relive 9th grade science class. My hope is to alert to the fact that there are forces of nature that effect the level of success you have.

Did you ever have one of those days where everything felt right and went right? Where all objects felt like they were moving in slow motion and you were able to deftly handle problems with the greatest of ease? Perhaps you gained a new customer or did exceedingly well at your job? Do you remember the feeling? Like maybe you were just ‘rolling?’ If you have ever felt this way then you know what I mean about inertia. Momentum was on your side.

Let’s flip it around: did you ever have one of those days where absolutely nothing went right? Problem after problem arose and compounded on you? You kept repeating to yourself: “when it rains, it pours.” Inertia was in effect here too, except it was working against you.

I am begging the question: how can you make inertia work for you?

In part one of my treatise on this subject, I am going to throw two things out there that work for me (though I don’t by any means claim to have this all figured out)

Habits Fuel Inertia

Your habits will define your life. Humans are indeed creatures of habit. You can either build good habits or bad habits. When I talk to people about making changes, and radical changes at that (why ‘radical’ changes? because who wants to just be a little bit better..why not be A LOT better?) I often try to discern what their habits are.

For example, if someone tells me they are trying to lose weight, yet they eat irregularly and exercise only once in a while I start to wonder how serious they are. It’s hard to lose weight when you can’t break the habit of picking up the remote control every night when you get home from work.

Recognize Momentum Swings

Becoming more conscious of momentum swings is a great start toward making it work for you instead of against you. You can start to pick up on trends in your day or your activities that are driving momentum one way or the other. If you start to feel a chain reaction and momentum swing against you, you should stop and change direction. Insanity is doing the same thing over and over again and expecting a different result.

If you have a some good momentum going, ride it out all the way. Here is a prime example:

When we strike paydirt and land a great deal, the next thing we do is re-double our efforts the next split second later to nail another one. Good things come in bunches and riding the positive momentum of a great deal can carry us through and generate all kinds of other good things right in a row (new relationships, more possibilities for revenue, etc.). If you make a sale on the phone in the morning, you should keep right on dialing the phone - chances are you will knock out a few more. Remember that feeling. Try to capture it, harness it and put it back into action the next day.

I will revisit the Power of Inertia in future posts. For now, I trust this is enough food for thought (and, probably enough science!) to go out and start making some radical changes.

May132008

Tuesday Top 5: 5 Reasons to Embrace Criticism

In recent months, I have experienced more outside criticism than at any other point in my life. While I have always known, in the back of my mind, that people will always ’say what they will say’, it has been brought to the forefront of my attention recently as I have been made acutely aware of my critics through a variety of means.

I admit that it has taken some getting used to. Our natural reaction to criticism is to defend ourselves, our positions and our opinions. We want to try to convince other to see the merits in our cases. However, the successful persons reaction to criticism must be non-reaction. It has been told to me by several successful people whom I hold in high regard that: “successful people are immune to criticism.”

Well, in order to build up an immunity you must first have exposure. Therefore, this week I wanted to throw out 5 reasons why one should embrace criticism.

thumbs up

1. It means you are taking risks and putting yourself out there

You won’t have much personal growth if you aren’t taking risks. Risk taking, whether small or large, forces us outside our comfort zones (which are often outside the comfort zones of most other people, too). When you step out and do things that other people are too scared or too lazy to do, it makes them want to tear at you. I take comfort in the fact that I do things in business and in life that most other people are either too scared, too lazy or too risk averse to do.

The more things you do that others won’t, the more things you will have that others don’t.

2.It means other people are thinking about you when you aren’t around

For me, it is pretty flattering when someone is thinking about me when I am not around them. For someone to criticize you, it means that they are thinking about you in their spare time. You see, they have to come up with their words at some point in time and most of them don’t say the same things to your face that they write anonymously on the internet.

If you don’t have enough going on in your own life that you have to think about someone else (and negative things at that) then you must not be in that good of a place.

3. It means you are hitting above average

If others are openly criticizing you, relax: those at the top of their profession are almost always under attack.

Think about professional athletes. They are almost always under an absolute barrage of critical media attention. They don’t get a break. Think about the executives that run major corporations: they are probably criticized on a daily basis by everyone from their peers to shareholders and especially from employees.

yell

4. It means you’ve caused someone to think

If you are doing things right and driving as much value as you can, then you should probably be thankful when someone criticizes you because you have pushed all thoughts of Dancing with the Stars, American Idol, and their upcoming weekend activities out of their head and replaced it with you.

This should be good news for anybody. After all, as a business person, you are competing for customer attention and dollars from marketers and information sources from all across the world. If you’ve managed to put your brand, your opinion or your information in front of someone in light of other competing factors then you have just won yourself a big victory.

5. It is a healthy reminder to stay focused

Focus is one of the most important elements of success. The human brain will only allow for so many inputs and outputs in its algorithm before it gets thrown off track. If you are focusing in and keying on the right areas of your business, then criticism should serve to galvanize that focus even more for you. It should confirm that you are on the right track: thinking, talking about and doing the right things.

So, there you have it: another Tuesday Top 5.

I know that neither you (or I) will be able to turn our feelings on and off like a light switch. It takes time and practice. I am willing to be that it took Michael Jordan a couple of seasons in the NBA before he got used to all of the media spotlight and negative comments that other players and the press were making about him. He simply went on to become the greatest player of his generation (at least) and revolutionized the game of professional basketball.

Embrace and become immune to criticism or get eaten up by it. The choice is yours.

Feb52008

Tuesday Top 5: 5 Ways to Boost Your Problem Solving Abilities

In the game of business and in the game of life, you are going to encounter problems - all the time.  The degree of success you have in either game is largely dependent upon your ability to solve problems effectively and efficiently.   

 Today, I want to share the Top 5 ways that I have found work best to continue solving problems at high levels and to keep sailing in smooth waters:

 1.  Get a fresh perspective

 All to often, when you are wrapped up in trying to solve a problem you become too attached to the issue at hand and you cannot objectively look at what you need to do. In this case, give yourself a fresh perspective. This can mean something as simple as taking a break for a few minutes to soliciting outside help to look at the issue (either paid or unpaid).

trees

You might be calling me “Captain Obvious” right about now, but hear me out. What I am advocating is for developing the discipline to recognize when the situations are arising and frustration is creeping up that will keep you from accomplishing your goals. It is one thing to know that you should get a fresh perspective - putting this into action is quite another.

2. Start at the end and work backward

I find that when I am spinning my wheels on a project, that I have lost focus on the end result. As one of my favorite expressions goes, I: “cannot see the forest through the trees.”

finish

To get back to where you need to be, stop everything you are doing (turn away from the computer, step away from the phone) and speak, out loud, what your desired end result of what you are doing is. Saying something out loud carries A LOT more power than simply having a thought or jotting the thought down on paper. Trust me on this one. .

3. Practice thinking

brain

I know that I have you really confused now. But, ask yourself this: why do people practice everything from sports to speaking in public but do not practice thinking?”This might seem like a crazy question, but if you really think about it (full pun intended) you might realize that your cerebrum could use some exercise just like the rest of your body. This begs the question: “what are some brain exercises?” You only need to work on a few things for a few minutes a day and you will be amazed at the improvement in your critical thinking and analytic skills.

Some examples:

  • Sodoku
  • Crossword puzzles
  • Cryptograms
  • Lateral thinking games
  • Word/vocabulary games
  • Trivia games
  • Matching/pattern games
  • Riddles
  • …there are many more 

You will note that most of these things are a hobby or fun for somebody out there. Super nerdy, no doubt and some of them were the probably highlight of people’s Saturday nights before there were nightclubs. I think a few of them are fun, others I prefer not to do.

However, I find that if I spend a few minutes each morning on a lateral thinking game or sudoku puzzle, that I just feel a little better equipped to handle some of the things thrown my way during the day. Stimulate your brain cells and they might just stimulate you right back!

4. Ask better questions

A great college professor once told a class: “if you want to be brilliant, focus on asking better and better questions…solutions will then reveal themselves.” I can tell you that this has rung true in my personal and business life. All to often, we get caught up on “fixing what is wrong” that we lose sight of what is wrong in the first place. Asking better questions will keep you true to the old KISS (Keep It Simple, Stupid).

question

Just think of the 5 W’s you learned when you were in grade school:

  • Who
  • What
  • When
  • Where
  • Why
  • *How* (this was always thrown in)

This also reminds me of the expert technicians obsessing over what is wrong with a highly complex computer that appears broken when the janitor walks by, finds the machine unplugged, plugs it in and the machine works to the amazement of the ‘experts.’

5. Laugh

Yes, indeed. Laughter is the best medicine for solving problems. Aside from all of the research that has been done showing that laughter can lengthen your life, cure illnesses and increase productivity, it is just common sense that to laugh is to relieve stress and to If you are ever perplexed, take a cruise over to Youtube and watch a stand-up comic, go to comics.com and have a laugh or just take a look at your favorite Dilbert tear-away poster to boost your mood and your output. relieve stress benefits you in myriad ways.

spoon

Well, there we have our Top 5 for this week. Tune in for the Tuesday Top 5 next week and be on the lookout for a killer “30 Second Thursday” spot this week!

Feb22008

Obstacles: Over, Under, Around, Through

Often, in business and life, it’s easy to get caught up in one obstacle while trying to overcome another.  Being an entrepreneur is never a cake-walk and is not for the faint of heart. Moving past obstacles has been at the forefront of my businesses this past week.  

Give this week’s podcast a listen and explore some of the tools I use to move forward and cast off the evil twins of fear and doubt.    

You can listen to the podcast live on the internet by clicking here or download the mp3 file and listen to it in your car or on your favorite mp3 player.  

Your feedback and comments are encouraged.   

Jan272008

Develop Your Vision and Watch Your Dreams Become Reality

While having some fun here in Miami, I wanted to share some brief thoughts and insights.  

Jan262008

Put Your Business on Autopilot and Enjoy Life

Coming from Michigan (a GREAT state, but just a little bit cold this time of year!), let me tell you how great it is to wake up to sunshine and palm trees.  I have been in Miami for the past few days, working a little and playing A LOT.  You see, one of the mantra’s that I live my life by is: “work hard, play hard.”  

Life is just too short to not enjoy the small things.Building a business that relies heavily on turn-key systems and outsourcing non-core functions has a huge upside: it allows you to be anywhere whenever you want!   

Here are some pics of me enjoying an escape from the Michigan cold and snow and having a good time in Miami.  

Adam - Living it up 

Who says you can’t have what you want in life?!   

Adam and Rebecca

My lovely wife, Rebecca and yours truly. 

Also, my latest podcast is available HERE.  You can listen to it live on the internet or save the file and drop it into your favorite mp3 player or burn it to CD.  

If you want to start building a business that works without you; a business that you can set on autopilot, then this podcast is a must listen for you.  Please send me your feedback.   

Jan222008

Tuesday Top 5: 5 Reasons to be a Contrarian Right Now

If you are an entrepreneur or investor in the trenches right now, most likely you are a “contrarian.”  What I mean by contrarian, is the following:

Con-tray-ree-in (noun): one who goes against the grain.  a person that adheres to the philosophy of: “what is right is not always popular and what is popular is not always right.”  Someone who follows the strength of their convictions in the face of extreme adversity and human cynicism.   

Salmon

Now, this might not be the Webster’s Dictionary definition of the word or what Wall Street refers to when they talk about contrarian investing, but I feel it is an appropriate description of the mindset of an entrepreneur - constantly going against the grain.  

You’ll have to pardon all the analogies and metaphors in this post, but I am an unusually excited about the opportunity available in this market to make real money, no matter what business you are in.  With this being said, here are the Top 5 reason you need to be a contrarian right now.

1.  The world’s greatest investors make their money being contrarians  

Warren Buffet, John Templeton and George Soros are just a few of the world’s greatest investors that made billions of dollars by going against the grain.  When other investors  flee from the markets, the best investors are watching like hawks, waiting for the time when people become most irrational and then swoop in and pick up valuable assets for a fraction of their true value. 

2. Being a contrarian makes you focus on the long term - which helps you build sustaining wealth

Having a long term focus is critical to building a truly sustaining business - a business that grows and turns out more cash flow year after year.  If you simply run and jump at every trend or dip in the market or business climate, then you won’t be able to position your business for long term cash generating success. Being a contrarian means that you can see the forest through the trees, giving you keen perspective on making money in all economic clients.

3. If everybody is doing one thing, than you had better be doing the opposite

Do you know the old story of the lemmings?  When one lemming goes off a cliff, the rest follow suit and mass suicide results.  I know this is largely myth, but it does illustrate a point:  there really isn’t that much true wisdom in crowds.  If everyone is telling you how great something is or that you HAVE to do one thing or the other, you had better take a second to pause.  There have been a lot of social psychology studies on crowd behavior, (too many to cite here), but what I have found is that crowd influence can strongly affect one’s behavior, so you have to have your guard up.  Things are never as bad as people say they are or as good as people say they are either.

4. Leaders chart their own path and trust their instincts

To succeed in business, you have to have some leadership qualities.  You have to gain the confidence of your customers, your suppliers, your investors, your partners, your spouse, and so on.  If you bend and sway with the direction of prevailing sentiment all the time, you will never develop the inner strength and solid character necessary to succeed over the course of your business career.

5. If you don’t want to buy a dollar for 50 cents, then you shouldn’t be in business

This should almost go without saying, but logic seems to go out the window when the national/regional/local business climate  is perceived as less than perfect by the media and this in turn trickles down to the business owners and professionals as well as their employees soon after.  If you maintain a solid internal framework for seeking and taking advantage of opportunities, then when someone offers to sell you a dollar for 50 cents, you will be prepared to ask them how many they want to sell you. 

 Grain

As you ponder today’s Top 5, I urge you to GO AGAINST THE GRAIN.  I promise you won’t regret it. 

Nov72007

There is No Time Like the Present

Living in SE Michigan, it is easy to get caught up in all the negative media attention surrounding the state of the economy. Every time I turn around, I see headlines, news clips and grumbling about ‘how bad things are’ here in Michigan.

It seems like all we hear about here in Metro Detroit is the increase in home foreclosures, the ailments of the Big 3 auto companies and the unemployment rate. The bombardment of negative attention is constant and intenstifying. Quite frankly, it is starting to get on my nerves!

This never-ceasing ‘henny-penny, the sky is falling’ mentality reminds me of the story by Jerome K. Jerome from his classic work Three Men in a Boat:

I remember going to the British Museum one day to read up the treatment for some slight ailment of which I had a touch—hay fever, I fancy it was. I got down the book, and read all I came to read; and then, in an unthinking moment, I idly turned the leaves, and began to indolently study diseases, generally. I forget which was the first distemper I plunged into—some fearful, devastating scourge, I know—and, before I had glanced half down the list of “premonitory symptoms,” it was borne in upon me that I had fairly got it.
I sat for awhile, frozen with horror; and then, in the listlessness of despair, I again turned over the pages. I came to typhoid fever—read the symptoms—discovered that I had typhoid fever, must have had it for months without knowing it—wondered what else I had got; turned up St. Vitus’s Dance—found, as I expected, that I had that too,—began to get interested in my case, and determined to sift it to the bottom, and so started alphabetically—read up ague, and learnt that I was sickening for it, and that the acute stage would commence in about another fortnight…

The analogy I see is that it is very easy to get caught up in a swirl of bad things that you perceive to be happening and it spirals more and more. The media fans the flames. Roughly 93% of the employable population in Michigan is still working. We enjoy a higher per capita income here in Michigan than many other states in the U.S. We have the natural resources, infrastructure and collective human capital that many states envy. The question is: what do we do with it NOW?

Yes, we have our share of people here in Michigan that have fallen on hard times. Does anybody remember a little thing called the Great Depression? How about 25% unemployment? (and that was nationwide!) How about families moving all over the country, wandering like nomads, just to find food and shelter?

If I was a doctor and Michigan was a sick patient, and the sick patient came to me asking for a cure, do you know what I would do? I would prescribe the following:

-1 shot of PERSPECTIVE

-2 doses of INITIATIVE

-4 doses of HARD WORK

-10 doses each of PERSISTENCE and DETERMINATION

The bottom line is, for entrepreneurs, THERE IS NO TIME LIKE THE PRESENT to move ahead toward your goals. If you are a real estate investor, good properties abound for pennies on the dollar. If you are thinking of starting a dry cleaning business, the technology available and abundant commercial space make for a perfect recipe for a profitable business. If you are selling cars, the Big 3 are giving away huge incentives and the finance companies still have cheap money available, a perfect recipe for a record year.

If you have any inkling of doubt, like “now might not be the time” or “I’m going to wait it out and see,” take a moment and ponder a great thought by Keith Cunningham, co-founder of Prime Cable and respected Wall Street dealmaker: “Many people will not head down the street until all the lights are green. That is why they don’t go anywhere.”

THERE IS NO TIME LIKE THE PRESENT