Mentoring

Clear Habits (#159)

Last week, I wrote about the power of the domino effect in goal-setting. The truth is that, for most, it’s not willpower or desire that helps us reach our goals; it’s changing our habits and making little, seemingly minor decisions each day that contribute to the big, noticeable changes later on.

That said, willpower does play an essential role in establishing new habits and reaching important goals. Research has shown that a new habit takes at least 60 days to stick. So, pushing through, delaying gratification and resisting short-term temptations during this time frame requires willpower.

A few weeks back, I had the privilege of sitting down with James Clear, bestselling author of Atomic Habits and a recognized authority on the topic of habits. Clear’s writing process actually started as a weekly habit. Today, several hundred thousand people subscribe to his newsletter and read his insights.

Here are a few key takeaways on habit-building that I learned from reading Atomic Habits and from my recent discussion with James:

The 1% Rule

Most of us want change to happen overnight. As such, we tend to lose patience waiting for our efforts to produce results. The reality is that lasting change manifests from compounding effort; doing or not doing small, seemingly insignificant things each and every day. And this takes time.

Clear did the math on all this and found that, if you can get 1 percent better each day for one year, you’ll end up thirty-seven times better by the time you’re done. Conversely, if you get 1 percent worse each day for one year, you’ll decline nearly down to zero.

Take soda as an example. Over the course of a year, you would surely see the result of adding or subtracting the 51,000 calories (of mostly sugar) contained within a can of soda.

Same thing goes for something like running a marathon. If you started by running just a half-mile and then ran 1 percent more each day, in just a few months, you’d be running the distance.

Now, you’d need to tap into that willpower thing again to actually put one foot in front of the other and start running, but running 1 percent more each day is psychologically more doable than the idea of running a full marathon.

Habit Stacking

One of the best ways to successfully add a new habit into your routine is to stack a new habit on top of an existing one.

Let’s say part of your morning routine is to make coffee first thing and you want to start writing in your journal in the morning. Using the habit stacking method, you’d set your coffee to brew and write in the journal during those five minutes your coffee is being made. Since your morning coffee is already a built-in trigger, it makes it easier to stack a new, positive habit on top of it.

You can do this professionally as well. Want to celebrate more wins within your organization? Add that segment to an existing daily meeting.

Moment of Decision

Each day, personally and professionally, we face key decision-making moments that can alter our outcomes for not only the rest of the day but for long after. Whether you decide to log onto Facebook and get distracted or make headway on that writing project is drastically affected by what happens in the first few seconds.

If your phone is right next to you when you wake in the morning, you might go down the Facebook route and miss your writing window. However, if you leave your cell phone downstairs and replace it with a pen and journal on your night stand, you are more likely to write in those first few moments after waking.

These small changes drive you towards more desirable choices that, eventually, you’ll find easier to do and continue doing.

Next week I’ll talk about the role environment plays in both encouraging the right choices and discouraging the wrong ones. In the meantime, I hope you enjoy my conversation with James Clear on the Outperform podcast. It’s packed with habit wisdom from the master.

 

Quote of The Week

“We first make our habits, and then our habits make us.”

 

John Dryden

 

 

 

The post Clear Habits (#159) appeared first on Friday Forward.

Say Less… Communicate More l Stacey Hanke l Episode #604

STACEY HANKE’S passion is teaching others how to communicate with influence Monday to Monday®. As a keynote speaker and mentor to C-suite executives, she helps individuals see through the eyes and ears of their audiences. The result iscareer-changing insights. She is the author of Influence Redefined: Be the Leader You Were Meant to Be, Monday to Monday and previously wrote the #1 Bestseller, Yes You Can! Everything You Need from A to Z to Influence Others to Take Action. Hanke holds a certification as a Speaking Professional for the National Speakers Association, is a Member of the C-Suite Network Advisors, and a Member of the Forbes Coaches Council. Recognized as one of the National Speakers Associations “Top 6 Under 40,” Hanke has appeared in the New York Times and SmartMoney, has emceed TedX, and has appeared on the Lifetime Network and WGN Chicago.

Over the last twenty-plus years, Hanke has trained hundreds of thousands of leaders,salespeople, and business professionals across the United States and abroad. The influence skills and techniques she shares build the confidence, credibility, and presence that create lasting results.

Stacey Hanke, Inc., the company she founded in 2004, provides keynotes, training, and coaching for organizations in a wide variety of industries, including manufacturing, healthcare, retail, advertising, financial, and insurance. Her clients encompass Fortune 500 companies and household brands such as Coca-Cola, GE, General Mills, FedEx, Kohl’s, McDonalds, Nationwide, Leo Burnett, and several branches of the US Armed Services.

Connect with Stacey:

Twitter – https://twitter.com/StaceyHankeInc

Linkedin – https://www.linkedin.com/in/staceyhanke

Facebook – https://www.facebook.com/StaceyHankeInc

 

PEAK PERFORMANCE NATION

A community dedicated to raising your game to the next level by learning how to Execute at the highest level and eliminating the obstacles that keep you from being the leader you were born to be.

Join group here:  https://www.facebook.com/groups/PeakPerformanceNation/

 

 

Acuity Scheduling – Stop Wasting Time Setting Up Meetings

Peak Accountability – http://www.thorconklin.com/accountability/

Thank you once again for listening

Please follow us on:

Facebook: Thor Conklin   

Twitter: @ThorConklin

Website: http://www.thorconklin.com

 

ThorConklin.com

Thor Conklin Media

Peak Performers Podcast

Peak Performance Nation

 

#1 Podcast on how to get things done.  Learn from Peak Performers in all areas of life and Business.  Do you know what to do but can’t figure out why you are not executing what you already know?   If so, this Podcast will give you the tools, strategies and psychology to not only break through the choke point but to truly become a Peak Performer.  

 

Thor will be sharing his tools and strategies as well as interviewing inspiring Peak Performers that are Entrepreneur’s, Professional Athletes, Business leaders, Military, Technology guru’s, Health and Fitness masters, Relationships Experts as well as Music & Entertainment superstars.  

 

Mission and Purpose – To engage, educate, entertain and inspire listeners to excel in any area of life through mastering the science of execution and Peak Performance.  You will learn the necessary road map, strategies, tools and psychology to win this game.

Domino Effect (#158)

This is the time of year when many people set New Year’s resolutions. I’m personally not a big believer in setting resolutions, a perspective that is often confirmed when I compare the number of cars parked in front of the nearest gym at the beginning of January versus the end of February.

Real change doesn’t happy overnight. It requires a lot of intention, small steps and discipline. In fact, the more radical an attempt is to change behavior or habits, the more likely it is to fail. Creating a new habit takes at least 30-60 days to stick.

However, the beginning of year is a great time to reset and recalibrate goals; and science supports this. A study conducted by Gail Matthews found that people with written goals are 39% more likely to hit them. What’s more is that if they send their progress to friends for accountability, they are 76.7% more likely to reach them. Those are meaningful numbers.

Before setting your goals this year, you might want to visualize a domino. When lined up in a chain, the momentum of each domino falling can knock over another domino, even one that is 50% bigger. This ”domino effect” compounds quickly, so much so that if positioned correctly, it would only take 29 dominos to knock down the Empire State building.

So, why I am I talking about dominos? Because this concept was inspired by a book I read over break called, The ONE Thing by Gary Keller and Jay Papasan. After reading it, I am making some changes to my goal-setting.

This year, I am only picking four goals, which is a huge reduction from past years. Everything else that I would normally set as a goal is now a tactic (domino) to achieve one of my “ONE thing” goals. These sub-goals or dominos are the means, not the end.

For example, I have a 2019 goal to achieve a measurable improvement in both fitness and focus. Things that would have been goals in previous years are now steps for me to achieve that goal, which is what is most important.

Last year I set a goal to run a half marathon, but I also had an opportunity to bike from London to Paris. Unfortunately, I couldn’t do both. Rather than feeling like I did not accomplish a goal, I should have realized both were tactics to reach the same end goal: improved discipline and health. So that’s my real focus and I now know what I need to get there.

Another goal is related to my second book, Elevate, which comes out on October 1st. My “ONE Thing” goal is to hit the New York Times bestseller list. To support this goal, I have identified 15 dominos I need to topple for that to become a reality. Next to each domino, I have also written the name of the person or people who can help me get there.

As the year progresses, I may find other or better ways to meet the goal and I’ll simply swap out the tactics. But, for now, I am focused on the how.  And here is where the concept of alignment really comes into play. Each of these four goals support each other. For example, to reach my goal of making the New York Times bestseller list with Elevate, I will need to maximize my focus and energy.

What’s more is that because each of my One Thing goals are aligned with one or more of my core values and/or long-term goals, I will have knocked over an even bigger domino when I complete it.

If you are looking for success this year, here is the winning formula:

  • Have goals, but fewer of them.
  • Write them down.
  • Share them with others.
  • Focus on where you can get 1% better at each day, making those small down payments towards the big things that matter most.

 

If you need some help getting started, try using my whole life dashboard.

 

Quote of The Week

“A goal without a plan is just a wish.”

 

Antoine de Saint-Exupéry

 

 

The post Domino Effect (#158) appeared first on Friday Forward.

How Is Your Communication? | Thor Conklin | Episode #603

PEAK PERFORMANCE NATION

A community dedicated to raising your game to the next level by learning how to Execute at the highest level and eliminating the obstacles that keep you from being the leader you were born to be.

Join group here:  https://www.facebook.com/groups/PeakPerformanceNation/

 

SPONSORS & FREE OFFERS

Audible - Free Audio Book & 30 Day Trial 

Blue Apron -  $30 Off Your First Order

 

Acuity Scheduling - Stop Wasting Time Setting Up Meetings

Peak Accountability - http://www.thorconklin.com/accountability/

Thank you once again for listening

Please follow us on:

Facebook: Thor Conklin   

Twitter: @ThorConklin

Website: http://www.thorconklin.com

 

ThorConklin.com

Thor Conklin Media

Peak Performers Podcast

Peak Performance Nation

  

#1 Podcast on how to get things done.  Learn from Peak Performers in all areas of life and Business.  Do you know what to do but can’t figure out why you are not executing what you already know?   If so, this Podcast will give you the tools, strategies, and psychology to not only break through the choke point but to truly become a Peak Performer.  

Thor will be sharing his tools and strategies as well as interviewing inspiring Peak Performers that are Entrepreneur’s, Professional Athletes, Business leaders, Military, Technology guru’s, Health and Fitness masters, Relationships Experts as well as Music & Entertainment superstars.  

Mission and Purpose – To engage, educate, entertain and inspire listeners to excel in any area of life by mastering the science of execution and Peak Performance.  You will learn the necessary roadmap, strategies, tools, and psychology to win this game.

Adapt or Die l Steven Blue l Episode #602

Steven L. Blue is in the business of transforming failing and fading companies into global powerhouses. With 40 years of leadership experience, Steve is a proponent of changing the thinking, culture and product lines of established companies to help them survive andthrive in the New Economy. However, he cautions that a combination of planning, appropriate timing and knowledgeable action are essential to ensure a successful transformation. And it is not without risk.

The advent of high-tech products, services, and processes have wrought a major shift in communication and in how we conduct commerce. Steve’s focus on helping companies and organizations adapt to change in the New Economy is a major challenge. It is a Metamorphosis.

Blue implements this change using Innovational Potential®, a carefully planned concept for igniting business transformation. His success, as evidenced by his testimonials, is proof of his expertise.

Entertaining, engaging and eye-opening, Steve can discuss with you:

A CEO With the Midas Touch: An inside look at how he has tripled the size of every company he has run and transformed rust-belt companies into high technology leaders His “Transform, Ignite, & Disrupt” Process: what it is, how long it takes, and what payoffs CEOs can expect Is not transforming your rust-belt company a death knell for your business? The first step you need to take when you decide to transform your company to high-tech The number one reason most companies fail when they try to make such a transition Tips to communicate your rust-belt to high tech plan to shareholders, the Board, and employees Examples of companies that have succeeded and failed at this type of transformation and what we can learn from them

For more information on Steve Blue, I invite you to visit, www.stevenlblue.com

Contact Steven:

Facebook -  https://www.facebook.com/StevenLBlue

Twitter – https://twitter.com/stevenlblue

Linkedin – https://www.linkedin.com/in/stevenblue

 

PEAK PERFORMANCE NATION

A community dedicated to raising your game to the next level by learning how to Execute at the highest level and eliminating the obstacles that keep you from being the leader you were born to be.

Join group here:  https://www.facebook.com/groups/PeakPerformanceNation/

 

 

Acuity Scheduling – Stop Wasting Time Setting Up Meetings

Peak Accountability – http://www.thorconklin.com/accountability/

Thank you once again for listening

Please follow us on:

Facebook: Thor Conklin   

Twitter: @ThorConklin

Website: http://www.thorconklin.com

 

ThorConklin.com

Thor Conklin Media

Peak Performers Podcast

Peak Performance Nation

 

#1 Podcast on how to get things done.  Learn from Peak Performers in all areas of life and Business.  Do you know what to do but can’t figure out why you are not executing what you already know?   If so, this Podcast will give you the tools, strategies and psychology to not only break through the choke point but to truly become a Peak Performer.  

 

Thor will be sharing his tools and strategies as well as interviewing inspiring Peak Performers that are Entrepreneur’s, Professional Athletes, Business leaders, Military, Technology guru’s, Health and Fitness masters, Relationships Experts as well as Music & Entertainment superstars.  

 

Mission and Purpose – To engage, educate, entertain and inspire listeners to excel in any area of life through mastering the science of execution and Peak Performance.  You will learn the necessary road map, strategies, tools and psychology to win this game.

Bursting Bubbles (#157)

I graduated college right in the middle of the internet bubble. This was a time when internet start-ups paid people to work in their offices to look bigger to impress venture capitalists and the Aeron chair was a symbol of success.

I recall numerous public companies adding “.com” to their name or spinning off their .com divisions. The announcement of this act alone would elevate their stock 50%-100% overnight.

Many warned that this internet boom was not sustainable, but I was one of those starry-eyed believers who told everyone it was different this time; the internet was a new paradigm and prices would only keep going up. When it all came crashing down, it cost me my job and a significant portion of my savings, which I’d invested in the .com segment.

This was a painful lesson, but one I was determined to learn from. So, I started studying bubbles and read about such events as the famous Dutch tulip mania in the 1600s. At the height of the tulip craze, single tulip bulbs sold for as much as a house in Holland before the market eventually crashed, causing significant financial loss, especially for those who had gotten in at the end.

History shows that the most money is typically made right before a bubble peaks. Seduced by stories of overnight riches, many holdouts and novice investors pour in right before the inevitable collapse.

This historical knowledge, along with my own personal experiences led me to write and publish an article predicting the imminent crash in the price of Bitcoin exactly one year ago today. Since then, Bitcoin is down almost 70%, an unsurprising reality based on historical precedent. Bubbles tend to follow a familiar formula: Greed + FOMO + Debt = a bubble about to burst.

  • Greed: Many bitcoin companies were launching “ICOs” or Initial Coin Offerings. These ICOs served the purpose of lining the business owners’ pockets but provided little, if any, real value to buyers. They were essentially selling vaporware.
  • FOMO: Bitcoin mania had reached watercooler status. I was hearing about Bitcoin from friends, colleagues, even Uber drivers. When ordinary people start to invest based on nothing more than speculation or fear of missing out (FOMO), it’s historically been a telltale sign of a bubble.
  • Debt: The final stage of a bubble happens when individuals and companies start borrowing money to feed their greed and FOMO; a sure sign of the peak.

Although each of these factors were present with Bitcoin, it was an action taken by a beverage company that compelled me to write the article. Long Island Iced Tea had just seen its stock rise over 279% after announcing it was changing its business model and name to Long Blockchain. (Blockchain is the underlying technology that powers Bitcoin.)

Alas, there it was again; the ridiculous name change. How is Long Blockchain doing today? The stock is down over 90% and management is the subject of several lawsuits about market manipulation.

In his recent bestseller, Principles: Life and Work, hedge fund guru and billionaire, Ray Dalio, writes that one of the core principles behind his firm’s success is studying past behavior and then applying those learnings to current market conditions. Dalio and his team follow this process because they know from great experience that patterns tend to repeat themselves, especially when human behavior is involved.

The tulip craze wasn’t the end of flowers, the bursting of the internet bubble wasn’t the end of the internet and the Bitcoin crash won’t be the end of blockchain or cryptocurrency. It’s just the end of the irrational exuberance phase.

There will always be those looking to make a quick buck from a hot trend or speculation.  However, for those who want to create a business or product that offers true long-term value and is “bubble-proof,” the focus must be on creating real value for customers over the long term.

That’s a formula that historically works every time.

Quote of The Week

“Those who cannot remember the past are condemned to repeat it.”

 

George Santayana

The post Bursting Bubbles (#157) appeared first on Friday Forward.