6. Adaptability
Old notions are to some extent in our blood. We can’t magically make them disappear. What we can do, though is open our minds and embrace change, even when it is slow in coming.
“It’s not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change” – Charles Darwin
The lesson of evolution is not just that change is necessary. The pace of change is also important. The organizations that ultimately succeed will be those that can develop the right formula over a period of years so they can effectively deliver content to a receptive audience.
Always look for ways to educate yourself about and engage in new technologies.
“Don’t fall in love with theories and fail to recognize that the winds are changing all around you” – Marty Lipton. Learning to let go even of one’s most treasured ideas, is fundamental to succeeding through crisis. It can be difficult to do especially if you’re a founder and the business is your “baby”. But survival requires it.
Nostalgia has a place. It’s fun, and it feels good. Just don’t get stuck there.
Know what you don’t know.
Never stop learning, no matter what industry you’re in. There is a commitment one needs to do in training.
“A thirst to learn is a key to success. You’ve got to want to get smarter every day. I am thirsty to learn. Everywhere I go I want to know what they’re doing, how they’re doing it, why they’re doing it. It’s the most exciting thing in the world. When you’re soaking up new information, you’re also reinventing yourself. You’re becoming more you.” – Jack Welch.
Don’t wait for a crisis to discover whether you have the ability to adapt. Life throws unexpected curves during the course of every day. If you work at handling the small stuff, you’ll be more likely to copy when you get hit with the big curves. Flexibility is required, and it’s something you can learn.
Find a hundred mentors. Different people bring different qualities to the table and assimilate the wisdom of different people. Look for them wherever you are – in or out of the office. Make a chart of the areas where you need information, references, training or other kinds of support. As you meet new people, fill in the chart.
Everyone’s ideas have value, and that sharing, compromising and adapting strengthens rather than undermines our potential. Being able to gather with people whose ideas and experiences are different from yours. Always strive to find new perspective and don’t be afraid to be challenged.
Planning for the future, should not ask what job you are going to have rather should say what ten jobs am I going to have? Chances are one will wear many different hats during their lifetime. Why not anticipate? Take the time to consider how you can build and diversify your skill set. Examine your portfolio of knowledge, figure out where the holes are, and fill them in. Broad base of experience allows more security and greater opportunities. Look around and ask yourself: where can you get experience in another facet of your business? Make your list and open your mind. Don’t limit yourself to standard markers of professional experience. Our economy has changed and continues to change. It is vital to stretch yourself and obtain as many new skill sets as possible.
The economy is changing and in order to compete, it will be vital to adapt to new leadership, new jobs and different growth. Take a look at where the holes are in your own personal portfolio and think about what skill set you may need to thrive in this new normal – adapt.
There is no limit to the number of times you can hit the reset button in your life. Once you realize that, there’s a tremendous freedom. One is never done learning and adapting.
7. Humility
“If you’re a successful person in a position of leadership, you can’t let it become all about you.” – John Surma
The leaders who get in trouble are the ones who forget that they’re just there for a time, and they’ve got to do the right thing and then pass it along to someone else.
The following is critical to success, to cherish your opportunities and to be grateful for them. It’s important to have a sense of awe and gratitude.
What attributes to the longevity of a business?
“Interest in the business. Waking up in the morning and being rarin’ to go, to finish something I didn’t finish the day before. Or having a new thought, and itching to get down here and take a look. Just the anticipation, the challenge of creating something. It’s all about having responsibility for something. I have always had some responsibility. I also have persistence. I love to persist and see them through. I see so many people who are successful, but they don’t love what they do. They are unhappy. You have to love what you do to stay engaged. I am engaged.” – Paul Bond
What we take for granted are the most important things in life: love what you do, work hard, be happy, be a good person, be engaged, get exercise.
8. Endurance
Be passionate about everything you do in work and in play. Doing too much is ultimately self destructive. If you push yourself too hard, something will suffer. Maybe it’ll be your health, maybe your relationships, maybe your professional excellence.
Consider your motivation. Motivation comes from having strong personal aspirations. Not talking about external motivations (wealth or position or long term goals). You have to know there is a connection between what you do and what you achieve. Ask yourself:
What motivates you on a daily basis? – What gets you out of bed in the morning?
What motivates you on a yearly basis? – Learning a new skill or rising up a notch in the company?
What motivtes you on a long term basis? – Where do you want to be in ten years?
Conventional widsom – learn from your mistakes.
Garry Kasparov – “Most people scrutinize their mistakes and say ‘I should have done this’ ‘I should have done that’ But one should scrutinize their victories and ask themselves what they did right and what they could have done even better.”
Scrutinize your victories and draw out the lessons for the next “match”.
Stress does not exist if you’re doing what you love and if you maintain your balance (family, career, and society).
S. Ramadorai – “The bedrock of my success has been keeping cool, having an open mind to new ideas and opinions, and having the patience to listen and learn at all times. In tough situations, it is all the more important to get different perspectives. Agility is another key trait that is required, which allows one to move from one problem to another and not get bogged down. Tough times allow one to do things that are not permitted during strong growth periods – to step back, reflect, and ask fundamental questions “Am I doing the right thing?”"
Need to have the ability to get inside the hearts and minds of your people, having them pull together for a common cause.
Deepak Chopra – Reducing the stress in your life and building endurance requires taking care of yourself in very specific ways.
Leadership
When there’s turbulence on a plane and passengers start worrying that we are going to crash, I have to be the one smiling and making sure everyone is calm and no one is freaking out. I walk around the trading desk and I say “It’s okay, this is why we get paid. Let’s do it. Let’s work.” Then I go back into the office and close the door and say, “Oh my God, I can’t believe this is happening!” Never showing any anxiety in front of the team.
Cornerstone of endurance is discipline. Could be about being prepared, having short and long term plans. Life management tool by asking yourself:
How is this going to impact me in the next 10 minutes?
How is this going to impact me in the next 10 months?
How is this going to impact me in the next 10 years?
Ability to listen and absorb information for as long as it takes. Immerse yourself.
A secret to living fully is dying young, at an advanced age. A crucial element of enduring success is physical and mental strength. Protect it.
9. Purpose
Finding and embracing the core purpose of your life will protect you during the upheavals. Your purpose is that which does not waver with hardship. It is not based on what you have, what others think of you or whether you succeed or fail from day to day. It’s knowing the why for your existence and will be able to bear almost any how.
If you’re a leader, you have to think of all the people that you will affect. If you really want to have a successful business, focus on your team. Make sure that your people are involved. Make sure that your employees are healthy, creative, and fulfilled, even in their personal lives.
What do you want?
Who are you?
How can you make your lives more fulfilled?
Come together as a team to develop the vision and then actualizing that vision.
Pursue excellence and ignore success.
Focus on excellence, success will come.
When you feel happy at doing your job and fulfilling your goals. Feeling content is true success.
Always take time to appreciate the unexpected gifts that come your way, because the people who send them may not be around tomorrow.
Life throws curves that can change your priorities in a flash. That’s just the way it is.
“We are a relationship society, not a consumer society. True fulfillment comes from inner peace and creativity and fulfillment and meaningful relationships.”
People are misled that to believe that if they make enough money, they’ll get what they want that will make them happy.
10. Resilience
Resilience is the ability to bounce back, and it starts with having confidence that tomorrow can be better, even when there’s blood on the streets today. Taking control of your own fate and participating in the outcome. Resilience is the ability to see possibility in the face of catastrophe to say “You know what? This setback is only a blip in the scheme of things. I’ll learn something from it and go on.”
Key to resilience is knowing that success is fleeting. It’s easy to get so engulfed in your career and to think it’s so big, so enormous, that you can’t survive without it. If you lose your job, it’s traumatic, but that’s temporary too. The good times may not last forever, but neither do the bad times.
It’s true that crisis is a great motivator, you don’t have to wait for crisis to find you. Don’t wait for your bridge to collapse, because by then it might be too late to get back up. It’s hard to make changes when times are good, but it’s folly to leave your life to chance.
Experience of recovering from crisis creates inner fortitude. If you’ve survived one blow, you know you can survive the next one. The voice of experience is priceless in the comeback. If you do not have enough experience when trouble hits, be sure to surround yourself with those who do.
Resilience is also about being able to make an honest assessment of yourself.
“Why did I lose this job?
What did I learn from this experience that I can take somewhere else?
What am I good at?
What did I fail at?
How can I translate this to another game?”
“Success is a funny thing. We all want it, but once you have it, you have to repeat it.” – Joe Torre
“Sometimes its got nothing to do with physical well-being but a matter of willing yourself to do something.”
Find the right words to make it important for them. Don’t be afraid of success.
Being a champion doesn’t mean winning every game. But it requires the will to want to win every time and the resilience to come back from defeat.
Important predictor of future success is how a person handles failure.
Benefits to crisis, and one of them is that it creates a motivation for people to work together for success.
Qualities of survivors: patience, perspective, calm and confidence.
Outrage may feel good and it may even jump-start action, but it won’t solve any problems. Mostly it’s just an ineffective distraction. It’s much easier to stand on a soapbox than it is to do the hard work of figuring out how you will get back on your feet.
First step to recovery is learning to trust again in a system that has been badly broken. People won’t go back into a water until they see the shark is dead. This is the psychology of public anger. First “get mad, and then get over it”. – Andrew Cuomo
Failures be they moral, intellectual, or strategic, they are not the defining story of their lives.
How do you want to be remembered? What mark are you going to make on the world?
You can’t always control the way you are judged by others. Nothing is guaranteed. People may remember you for your bitter struggles rather than your remarkable achievements. But you can live your life in a way that makes you content and happy. This is true success.
Success cant be achieved alone. You rely on enduring support of colleagues, friends, family and others who have helped pave the way. The value of collaboraton.