The many returns of the day, Part 2- What is your ROL?

time to growIn this series we are talking about how we achieve a good rate of return on our investments outside of our money.

The reality is that where our money goes is really not our best indicator of what our future is going to look like.

Our priorities and choices in every part of our life are a factor.

What is in common across everything is that before we can have a return, we must invest.

You may be saying, Of course! I knew that. But in fact, the three areas we are going to explore together in many cases are not giving us the highest return possible because we are NOT really strategically investing in them. We may be experiencing them, but that is not the same as investing in them.

In part 2, we’re talking about ROL or Return on LEARNING. Are you a strategic learner? You can be curious, even a committed lifelong learner but again, while that is admirable (and important!) if we want a measurable return we have to have a clear intention AND investment.

It is in our learning strategy that we set our path for growth more than any other place. Here are five guidelines to help you as you create your own learning plan:

  1. Understand the difference between knowledge and skill and develop both.  Gaining knowledge on a subject to deepen expertise gets a different priority than learning how to do something. Make sure that you know what success looks like once you have gained knowledge or developed a skill. What should you be able to do once you’ve achieved it?
  2. Devote a minimum of 30 minutes daily to expanding your knowledge in your area of expertise and influence. As experts, remember that our role is also to act as curator or distiller of a vast bank of growing knowledge and create continued value. Make certain that you are including both established experts/mentors and emerging voices in your area of expertise in your study.
  3. Include personal skill building and development in your learning plan. This area is what I’ve come to think of as life harmony. When we say life balance it infers some kind of equality in how we distribute resources and that doesn’t prove realistic for me. But harmony is something I can (and do!) embrace. Harmony means we are making a place for all of the threads in our life. And when they are in sync we make music! What interests you as a person? Italian cooking? A particular art medium? If time and money were not a factor, what would you want to learn? Make a way to learn that! If you care about something, study it and practice it.
  4. Learn alone and in groups. Having the ability to interact about what we are learning can be invaluable in seeing innovative ways to apply the newly acquired knowledge. If taking a class with others doesn’t appeal to you, consider joining a master mind where you will be able to gain new insights and learn from other business leaders in the group. Taking advantage of today’s global technologies and joining learning communities on-line is another approach. It has been my experience that group settings are often my best place for learning outside of my primary work. They become a social community as well because our shared interest generates an immediate bond.
  5. Have a learning vision log.  Have you ever wanted to find the time to learn something and could never seem to do it?  Getting those areas of interest committed to a learning vision log gives you a place to refer to when creating your learning plan calendar. The time you allocate to learning can then be prioritized based on what you want to know vs. whatever comes across your path. Not sure where to start? Here are three ideas:

-What skills or knowledge do you respect and admire in others?

-What do you hire others to do for you today that you find interesting?

-If you could only learn three new things in the next year, what would you choose?

Being strategic about our personal and professional growth can and should be fun as well as immensely rewarding!

REMINDER: Achieving a RETURN begins with making an INVESTMENT. And STRATEGY simply means beginning with the end in mind.

What do you want to know? What do you want to master? What will help you create your best self and the life you want to live?

Live (learn) today like you want tomorrow to be. Live (learn) well!

The Many Returns of the Day: What Investments Do You Measure?

GrowthIn our businesses we talk about achieving a good rate of return on investment or ROI.

We want to know that where we are investing our resources is providing us an adequate, even above average return.

We consider risk and reward as a part of this and most likely will not invest where the potential ROI (reward) doesn’t align to what we want to achieve.

It is about our priorities and choices.

All too often we limit these expectations (and conscious decisions) to where we are investing our money. We equate the idea of investment to what we are spending in terms of cash. This extends into our personal lives as well.

The reality is that for most of us, where our money is spent is not in fact the best place to focus for determining if we are getting our highest returns. There are at least three other areas of investment where when handled strategically and with a clear intention we can exponentially grow ourselves and our businesses at a much higher rate.

As we go into this new calendar year it is the perfect time to integrate this into our planning for how we are going to measure our results overall. The top three places we typically need an adjustment in setting expectations are learning, relationships and energy.

Do you have an investment plan covering these areas for yourself personally and professionally? If not, I would encourage you to step back and consider that, as Charlie “Tremendous” Jones taught, where we will be one year from now or five years from now is going to be the result of our learning and relationships. In his teaching it was “the books you read and people you meet”. Fast-forwarding to how we operate today, it is how we take in information and evolve our philosophies (learning) and our personal network (relationships).

The inclusion of energy is because it is one of the three primary resources we need to do anything (time, money, energy). While time and money are important, energy is often over-looked and even when we have the time and money we are simply out of steam (energy!) to do what we truly want to do. The overall return on energy in reality becomes the return we see for our life’s ultimate investment in what we care about and how we achieve that.

Join me over the course of this series to learn more about how you can be strategic and achieve much higher returns on your investments for learning, relationships and energy!

Live (invest) today like you want tomorrow to be. Live (invest) well!

Have you read the book?

The news and social media threads have been filled lately with excitement about a particular movie. A movie many have been anticipating for a very long time.

No one wanted any spoilers for this one. In fact, several people even posted that if you were the one that did “spoil” it for them, you would be immediately and unceremoniously unfriended.

We love our heroes, even our villains and their stories.

Movies bring them to life sometimes in ways we might not quite have the imagination to conjure.

But my first question is usually about the book.

Many (most) movies have their origins in a book.  Sometimes the story translates well into the film media and sometimes it does not.  When it does not it is usually because of one of two factors:

  • The story line is changed in some material way by the omission of a character or scenes in order to address constraints of the film format for length/budget that results in gaps in the story; or,
  • Something within the story is materially changed due to cast selection, location, or other visual factors that when left to the imagination of the reader, were more relatable.

One thing that I have learned as a writer is that when artists create something it is fully integrated with their point of view whether the work is written, recorded, or other mediums.  It can be a challenge to allow someone else to fill in our blanks, whether that person is our reader or someone repurposing the work in another medium. Rather like someone telling us about the movie and how it ends before we’ve had a chance to see it for ourselves.

Consider visual art.  Each viewer can interpret it differently.  It’s not likely that they will interpret the work according to the artist’s intent.  That is really at the heart of this area of discussion – what needs to be honored most?  Is it the artist’s original intention or the freedom of interpretation of the consumer? More importantly, which should we encourage?

In my mind, the answer is straight forward.  The interpretation of the consumer will always trump the artist’s intent.  A reader’s response is no more predictable than someone sitting in a theatre watching the story unfold.  We each bring our own perspective and lens into the mix. That’s part of the beauty of the human experience.

When we are the creator, we must do what it is we do best and learn to develop and trust the right circle of collaboration, including our audience.

It is what works best with anything.  We are responsible to do our finest work.  The ultimate objective after all is to meet the audience where they are and then transport them to where they want to go.  Once we realize that they (our audience) are in fact our silent co-creator it becomes easier to make the space for them to be effective in their role. We may provide the conveyance, but ultimately they choose their own destination.

More than any other lesson in life, this one has been most challenging for me. I want to focus on the result, on the response. That’s not where we do our best work. Our best work is born from the creative process and focusing there. Allowing ourselves (and our audience) the surprises that will unfold. That is what I am looking forward to in the coming year above all else. The surprises in store. The transformations we will create together.

Live (create) today like you want tomorrow to be. Live (create) well.

 

 

Where did I put that?

Woman Searching For Something In DrawersYou know the moment I’m talking about. You had it and you put it somewhere. Now if you could just remember where, you could get it back. You really need to find it. But it seems the harder you try, the more elusive it gets. Perhaps it’s your car keys, your glasses, a book, a bill, a favorite shirt. You had it and now you cannot find it. It can be frustrating, even a little maddening.

But perhaps it’s something more. Perhaps it’s your money, your time, your health, your friends, other things of value that seem to be slipping from your grasp and you’re struggling to better manage and keep up with them. You know it was there, but where did it go? Where did you lose it?

It happens to all of us. One of the reasons it is showing up more and more could be that we think it’s a matter of just finding it again, a once and done sort of thing. But that is not the case. Keeping track of what matters is not a one-time thing or even a sometimes thing, it’s an all-the-time thing.

Since this continues to pop up in my own life and I hear it increasingly from clients and friends, I am more convinced than ever that at the core of this is the fact that we are still not fully engaged every day with our values and priorities. We say that we are and yet, we are not living them. It can be a struggle or it can be a strategy. The choice is ours.

This is the true meaning of “Live today like you want tomorrow to be”. It all comes back to us and how we are living our values and the priority we are giving them in our day to day lives. It requires us to be honest with ourselves about what we want, where we are and what we are willing to do to close that gap.

Here are a few places we can check in with ourselves:

  1. Bank accounts – Do they reflect your values and priorities for financial responsibility and freedom? Are you being strategic with financial resources? When you want something are you looking at the true cost or just the payment? Do you spend like a consumer or an owner?
  2. Personal calendars – Ah, time. The great equalizer! Do you keep a calendar? That’s the first question. If not, perhaps that’s where you should start. Create a written record of what is happening and then begin to see how it changes because now it is about where you are choosing to be vs. where you are showing up.
  3. The pantry – This is currently one of significant importance for me because health is not only a key value, it’s a new priority. So my refrigerator and pantry had to become my friend, my partner and not my enemy! They could not pulse with temptation; they had to provide healthy options. Once again though, it’s a continuous commitment. The cupboards being bare can be almost as detrimental as having poor choices.
  4. Personal libraries – Did you know that one of the key resources identified by highly successful people as pivotal to their success is their personal library? Today this isn’t just about physical books; it’s about all kinds of media and resources. What do you have at your disposal and what are you leveraging for personal development? Many people tell me that they are life-long learners and yet when pressed for information about what they are learning now, it is undefined and certainly not strategic. How easy it is to change that! Whether it is a book, a class or even a subscription to a magazine, blog or podcast, having this in our daily routines is powerful and life changing.
  5. Our friends and families – A core practice within business, particularly for leaders is something we call a 360 degree or peer review. Getting feedback from those closest to us is invaluable in helping us gain a new perspective about our role and contribution. We often fear these because we think it’s about critique. But that is not always the case. In fact, from my experience, it can be just the opposite. Here is a good way to start: Choose the five people most important to you from your inner circle. A combination of friends and family is helpful but it really depends on you. Ask them to rate your relationship (not you – your relationship) on a scale of 1 to 10 for a level of satisfaction. If it’s anything other than a 10 –ask them what you would both need to do to make it a 10. It’s a conversation that has completely changed many relationships (and lives!). .

If this all sounds over-whelming (or like too much work!) then pick one and focus there for the next 30 days. Layering change is often the best way for creating lasting change. But get started. Find out where you put those all important things and reclaim them! Know where they (you!) are everyday.

Live today like you want tomorrow to be. Live well.

Staying the course – Finishing the race!

Finish the race

Successful people seem to have an uncanny ability to adapt and adjust in the right places at the right time in order to make it to the finish line every time. Join their ranks and be confident in your personal perseverance power by adopting these five principals as your own.

#1:   Keep your eye on the finish line

What is waiting for you at the end? What is that promise?  When we stay focused on the end goal, it gives it a magnetic quality that will help pull us through tough times and circumstances.

#2:   Fuel your fire

Mother Teresa taught: To keep a lamp burning we have to keep putting oil in it.”

How are you keeping your commitment vital and alive? What are you feeding to your internal energy furnace?

#3:   Focus on consistent steps – not leaps & bounds

What we do daily has a much higher impact on the results than what we do weekly, monthly or occasionally. The stream must be constantly moving to wear down the rock.  When you are consistently working on something, you will attract even more opportunity.

#4:   Make everything serve the goal

This is not just fortune cookie wisdom. Determined focus is what delivers destiny.  That means you must bind together all of your resources and deploy them as a single force of power.

#5:   Don’t be afraid of set-backs

What scares you? For most of us, it is failure.  To move past the fear, we have to redefine failure. Failure is rarely a valid judgment.  Your plan is going to change.  That is not failure.  That is intelligence at work. Define attempt as research.  It is welcome progress.  Embrace that thinking.  And you will re-channel the fear and stay on track.

I changed my mind! It’s more than your prerogative!

Time for ChangePersonal development expert and author Brian Tracy teaches the value of zero based thinking. This practice invites you to re-examine choices based on the principal of evolving possibilities.

While it may seem obvious, we often need to be reminded that for choices to be unlimited, one of our choices has to be to change direction, to adjust and shift, even stop and re-start.

Emily Dickinson once said that we must “Dwell in possibility”. That is the secret. It is not something you occasionally do. It is where you live. The land of the winners is a citadel built on the art of possibility.

Possibilities are a personal business because we are each unique. We all have our own philosophy of life and point of view that is constantly evolving. Hence the need for re-examining our choices. At any given time, we can see different possibilities. That is what makes this so incredibly powerful. There is truly no limit to what we can accomplish because we can grow into our evolving opportunities.

My favorite success stories involve learning how to apply something already known to a new situation. In these stories someone embraced the idea of a new application of knowledge as a new opportunity for success. Each had to learn something new as well. That is part of the growth process. Each layer builds on the other.

We keep moving forward, opening new doors, and doing things, because we’re curious and curiosity keeps leading to new paths. ~ Walt Disney

If you want to be an accomplished musician, you start with the scale and go from there. You progressively add to your expertise by layering your knowledge. If you want to be a successful business owner you need some basic understanding of how businesses work in order to see how all of the elements of your company work together to serve your customer. Every discipline has its own version of the musical scale. What is yours? How well do you know it? How are you layering new knowledge to increase your understanding and expertise? To drive positive change?

We must remember though that because change can and will bring with it some fear, we should expect to experience resistance. What we must embrace is the fact that growth transforms and creates new vistas for us. It is a good practice to pay homage to what we enjoyed about what we are leaving behind as long as we understand that growth requires a willingness to change. The key is to be committed to intentional growth.

“The only man I know who behaves sensibly is my tailor. He takes my measurements anew each time he sees me. The rest go on with their old measurements and expect me to fit them.” ~ George Bernard Shaw

Take on the role of creator in your life’s design and plan. Take Emily’s advice and dwell in possibility!

Live today like you want tomorrow to be. Live well.