Relationships, Inefficiency, and Your Career
One of the greatest obstacles for efficient businesses is the influence of relationships. In fact, relationships are sometimes so strong that they can ultimately end up crippling a business.
Conversely, some of the greatest powers you personally have in your own career and in business are relationships. Relationships are a powerful force that you can use to your advantage in your career. Inefficient and top-heavy organizations are everywhere, and they become this way mostly due to the power of relationships between the people working there. People often get hired and stay employed–due almost entirely to their ability to connect with their employer–and develop strong relationships at the workplace. I would go so far as to say that probably 20% to 30% of the people inside of most organizations are not actually needed at all. These people are kept employed and are allowed to collect salaries, benefits, and so forth because of the power of the relationships they have developed inside the organization. [Read more]
You Must Have the Home Team Advantage
One of the most interesting things to me is witnessing people when they make a complete reversal in their lives and overnight become incredibly successful, happy, and fulfilled people. Perhaps the reason this is so fascinating is that it happens so rarely. When this does happen, more often than not, the major life change is related to a career, location, mate, or some other important aspect of the person’s life. This is why, I believe, that making good decisions pertaining to these different areas of your life is among the most important determinants of your happiness on earth. [Read more]
Self-Help Means Helping Others
There is a simple concept that separates those who experience great success from those who do not. I am going to tell you all about this concept in a second, but first I want to talk a little bit about self-help. I have read countless books that discuss various methods of improving one’s life and career. I have always found it interesting that these books are almost always classified as self-help. The first self-help book ever written is generally considered to be Samuel Smiles’ Self Help, originally published in 1859. The book begins with the sentence “Heaven helps those who help themselves.” The principle that self-help seems to be founded on and seems to revolve around, is that people need to take charge of themselves in order to improve their lives. Most books that fall within this classification generally offer the same prescription for improving any area of life:
- Discover what you want!
- Have a positive attitude!
- Create big goals!
- Have discipline!
Over Deliver Because It’s Not About You
Several years ago, I was in the midst of opening up various legal recruiting offices around the United States. In my sheer enthusiasm for the business, I would bring new recruiters from around the country to Los Angeles and have them live with me for several months while training them in my method of recruiting. The new recruiters would sit in my office and I would observe them recruiting and critique their performance. I would have dinner with them each night and discuss recruiting as well. While I am not good at a lot of things, I [Read more]
Do What You Want to Do, Not What You Think You Should Do
I know two men who worked in New York City, each of whom made millions of dollars and immediately quit their jobs, taking up completely different careers as gas station owners in New Jersey. I learned about one of these men when I was in college, and I heard about the other man several years later, when I was a recruiter. For the past several years, I have puzzled over the stories of these two men because the similarities between them just seemed so unbelievable.
- One man had originally been a financial trader with a bunch of Ivy League degrees. He made his fortune by selling some trading system he had developed for $10 million or so.
- The other man had been an attorney with an impressive pedigree as well. One day, he won a huge settlement and made around $5 million.
Both men were in their 40s, and after these major career victories, each of them quit their jobs and bought gas stations on the New Jersey turnpike. These men did not know each other and were of no relation, yet they both ended up migrating into the same profession. How does one transform from being a person with incredible qualifications to a person who simply owns a gas station on the New Jersey turnpike? From what I understood, these guys were incredibly happy after leaving their careers and taking on new positions as gas station operators. Running a gas station that sees a lot of business can be very profitable. Most gas station operators make around 10 cents a gallon in profit from every gallon of gas that they sell. In addition, they make a lot of money on the concessions that they sell inside the shop. Also, a lot of customers pay with cash, and the gas station owners often do not declare and pay taxes on their cash sales. Owning a gas station is much different from being a Wall Street lawyer or trader. You report to work in jeans, not a suit. You often work with people who are not highly educated. Selling refreshments and gas is something, it would seem, that almost anyone could do. Why, then, did these men both plan such a drastic change in profession? Here are some likely possibilities:
- They wanted to be happy.
- They enjoyed working in the gas station.
- They could earn decent money in the gas station business and could maintain a high quality of life.
- They wanted to be independent, and having their own businesses allowed them this independence.
- They realized that much of what is going on and is expected of people in the working world is just complete nonsense.
The idea has always fascinated me: If you could rise up through the ranks in your company and become incredibly successful, hypothetically making enough money to retire–would your very next move be to purchase a gas station? Most people would probably not do this. Instead, they would [Read more]
Why You Should Never Miss a Company Holiday Party or Invitation to Your Boss’s Home
A few years ago, I spoke with a man (now retired) who had worked in a large corporation for forty years and in his last twenty years, he basically did nothing. He was paid very well and was more or less forgotten—doing very little of anything. He would show up at the office at 9:00 a.m. each day, try to look busy—do a task now and then—and then get in his car at 5:30 p.m. each evening and drive home. When he finally retired from the company, he felt as if he had achieved a great victory. For the past [Read more]
Focus on Doing–and Stop Talking About Those Who Are Doing
Throughout my career I have learned that there are generally two types of people out there:
- First, there are those who are out there doing this or that and making things happen. These people typically put in years to perfect their craft, whether they are lawyers, actors, sports stars, businesspeople–or whatever. These people are actually doing something with their careers and lives. Their sense of self-importance and achievement comes from what they do. They are committed to getting things accomplished.
- Second, there are those who sit around writing about, talking about, and gossiping about those who are doing things in the world. Those who cannot do things or make things happen in the world are generally the ones who are best at writing, talking, and gossiping about those who are making things happen in the world. Writing, gossiping, reviewing, and passing judgment on people who are actually doing things is often a cheap shortcut to a sensation of power for those who lack the discipline necessary to do and create something that has worth. In reviewing, criticizing, gossiping, and so forth about others, the person can experience a fleeting feeling of importance.
When I was eleven years old, in February of 1981, the only television in our Detroit home was in my bedroom, and one time in the wee hours of the morning my mother and my four-year-old sister came into my room and watched Prince Charles and Diana get married. I have vague recollections of images from this wedding coming through as I tossed back and forth, incredulous that my mother and sister [Read more]
Vested Interests: Ask Yourself, “Does This Really Serve Me?”
One thing you often find is that there seem to be a great number of people out in the world whose chosen business is to make your life and circumstances, whatever they may be, seem much worse than they are. In fact, in your day-to-day life, you are probably already continually surrounded by various people whose personal interests lie in making you feel bad about yourself and the world in general. Your success and ability to get on will in large part be determined by your ability to sift through all of this negative information coming at you. [Read more]
Seek the Experience and Knowledge of Others in Your Job Search
Back in college there were men I knew who would always shadow other men at parties. The first man would typically spend his entire evening drinking and talking to a woman he met at the party. At some point he would have had too much to drink and would start losing his focus. At that point, the shadow would appear, talk to the girl and, oftentimes, end up going home with her. Since the woman was usually also a little drunk at this point, she was not processing if she liked the shadow as much, and she was discounting the [Read more]
The Danger of Driving Sharp Bargains
Every time I have ever seen someone drive a sharp bargain, it has ended up coming back at the person in some negative way. People who get paid more than they are worth, or who receive more benefit than they provide, always run into problems and have difficulty achieving success. The most successful people in the world are, for the most part, the ones who give more value than they receive. They contribute so much value that people want to do business with them, to buy their products and services over and over again. When I was practicing law, I [Read more]
