Skip to main content

Choosing a direction

We've discussed some high level strategic concepts in the past few articles, and there are a lot of possible directions to go in and actions to take. How do you choose?


One of the basic concepts is determination. How badly you want to succeed and what needs to be done to make that happen. However, you also have to take into account the resources that you have available, physical, mental and emotional, and how long you are willing and able to utilize them for this goal. 


To accomplish your objectives, you might want to:

  • Study in the evening to get a degree

  • Move to hollywood to audition for movie roles

  • Take a job that you don’t want to gain experience for the job you do want

  • Buy a new wardrobe or car to give yourself the appearance of success



Before actually starting any of these things, you need to take a step back and think about the amount of time you expect that it will take you to accomplish your objective versus how long you can actually keep it up. To take the example of getting a degree in the evening:

  • How long will night school take you to complete? 

  • Are you willing to sacrifice spending time with your wife, children and/or friends in order to accomplish this?

  • How much will it cost? Are you willing to sacrifice buying/doing things that you want for this goal?

  • Are you willing to go into debt in order to accomplish this? Paying off a student loan may take 20+ years


 

Is a degree an absolute necessity for the promotion you want? Is there a quicker way of becoming qualified for the position you want without spending all your free time for the next X years studying?  Let's say you finish the degree and don’t get a better job. Can you afford to pay back the student loans you took out? On the other hand, even if you can get to the next level without a degree, what about the one after that? What are your long term career goals?


You need to come up with a list of pros and cons for any actions you take that impact your life and/or lifestyle. There is often a ripple effect of consequences that you didn’t think about when you started on a specific path. How long can you keep it up before getting burnt out. How many gotchas, obstacles and failures can you handle and still continue on the path to success. Remember, the actions we are talking about are not the objective itself, but a way for you to get to that objective.


The longer an action will take to complete and the more resources (monetary, time, effort) that you put into it, the greater the danger that you will run out of those resources. When thinking about what needs

to be done to accomplish your objective, take a lot of time thinking of alternatives that are less costly. This is not to say that you should never put in a major, long-running effort to accomplish your goals. Rather, you need to understand the resources needed for your plan and to determine if you have enough to see the entire thing through.


Running out of resources is not the only challenge, there is also a danger in it taking a toll on your spirit. The longer it takes to accomplish something, the less excited you are about it. This will cause you to slow down and not put in a full effort. While you spend a lot of resources to properly position yourself, it's possible, even likely, that you will watch other people pass you by. The opportunity you were gearing up for may not even exist after years of positioning yourself to specific qualifications.


Your strategy plan should include small, accomplishable steps that don’t take too many resources. Each step in this plan should provide a benefit unto itself, so that you can take advantage of what you’re doing without having to wait until you finish. Keeping with the example of schooling, with every class that you take, try to incorporate that into your position. Show the value of what you learn every day, while letting people know that this new idea you have came from the additional studying. Don’t wait until you have the final degree and hope that this will be the full catalyst to accomplishing your objectives.


Comments

Popular posts from this blog

Reward vs Risk

 When developing a strategy, there are 2 opposing concepts that must be balanced - Risk and Reward. There are two known philosophies to take into account when determining the methodologies: “The best offense is a good defense”.  “The best defense is a good offense” Understanding these 2 philosophies and when each is appropriate, is a key factor in determining a plan of action. Generally speaking, risk and reward are proportionate - the greater risk a person is willing to take (potential loss), the higher the potential for reward. For example, there are different bets you can make at a roulette wheel. If you have $1000 to gamble and pick a specific number to bet it on, you have the opportunity to win $35,000, whereas if you pick red/black you only have the opportunity of winning $1,000. In both cases, the odds are that you are going to lose, but the risk is much greater when choosing a specific number. When choosing an objective, you have to understand what you want to accompli...

Stop apologizing and just do it

 There’s a popular phrase, “presentation is everything”. If something is presented in the wrong way, it has a good chance of losing a good deal of appreciation. While most people understand this from a physical perspective - great food that is just piled on your plate is less appreciated than decent food that is carefully presented - this is also true when presenting something written or oral.   When somebody starts off talking by saying, “this probably isn’t going to work, but...” or, “I’m sure there are better ways of doing this…”, expectations drop. Why should they waste their valuable time on something that even the person presenting it doesn’t think is any good. So why do people do this? Nobody likes being wrong. There is a lot of posturing and expressions whose sole purpose is to allow people to save face.  People feel uncomfortable making a statement that they don’t feel confident that they can back up. It is easier to hide behind an excuse than to be proven w...

Strategy in your daily life

So how do we use strategy in our everyday life? It should be used whenever you want to achieve something to which there is no obvious answer. While the shortest path between two points is a straight line, it is often not practical or possible to follow it. There are factors and ramifications involved in the different methods and stages of getting from Point A to Point B. Strategy is understanding what is involved, weighing the pros and cons and consciously deciding the best method for you. As a very basic, practical example: You are standing on the corner of a busy street (A) and need to get to the bus stop on the corner diagonal from you. The bus that you need is going to turn left at the corner to get to the bus stop. You need to cross 2 streets to get to that bus stop. Do you first cross From A to B or from A to C? Most people don’t think about it - whichever light turns green first is the road they are going to cross. It is the same distance to the bus stop no matter which ...