If you are concerned about the current state of the economy at all, here are some thoughts that might help…
So I was invited a couple months ago, by the turn-around expert Tony Robbins, to join a small international Business Mastermind Group led by himself and the business guru Chet Holmes — an idea Tony had to get a certain group of people together to talk about how to not just endure this economy, but how to really utilize this unique time for massive growth.
It has been a fascinating experience that I really should blog more about. In addition to sharing his own insights, he is inviting intelligent and talented people in different sectors of society to speak to the group via conference calls about once every two weeks. And the quality of the other members of the group has impressed me.
While trying not to be too long winded, here are just a couple thoughts which might be of interest (and of course are open to discussion – I’m always interested in your thoughts too).
Seasons – One flaw most of us humans have is that we often think if something is headed a certain direction that it will always head that direction (when it is bad we fear it will just get worse). The truth is that every year goes through seasons, and every economy does too. Although we are headed into the winter of the economic cycle, even winters can have some benefits. The darker it gets as you head into the night, the more sure you are that you are getting closer to the morning.
Forrest fires – Just as winter can be beneficial, even forest fires serve a purpose. They help to clear away a lot of the waste in the old, and provide the nourishment and light for the new growth to appear. The winter in the economic cycle can also do precisely that same thing.
What NOT to do!
You know you are headed in the wrong direction if you are doing any one of these three things:
1. Believing your problems are permanent – when you start to think any problem is permanent, you get into a state of “learned helplessness”, and will not be resourceful. Remember, no problem is permanent — don’t let this thought ever get into your mind or the mind (of people on your team, if you have one). Who do you know without any problems? All problems do is show you where there is an area where there is room for some more perspective, feedback, creativity, etc. (see below)
2. Believing your problems are pervasive – if there is a problem in one area of your life or business, it does not mean your whole life or business is doomed.Pervasiveness is almost always a lie. It usually comes from fear and hijacks our minds. There are most likely several areas where you are kick-butt awesome. What you focus on expands, so while it is wise to know where the problem areas are, do not lose sight of the strengths you can rightly claim.
3. Believing your problems are personal – this is one of the most easy and destructive things you could do. Thinking things like: “It is about me. If only I wasn’t __” “I just don’t have the skill, etc.” – Well, no one has all the skill. You have certain talents which you can focus on. As you grow, you will need talent with others who are talented in different areas in order to really do something together that you can’t do on your own. If you think any problem is personal, it is because you are being too dependent on yourself, too hard on yourself, not seeing what you are good at, and not allowing others to be good at what they do too.
What to do
Utilize this time to rediscover the world and your place in it – to tap into the resourceful, innovative side of yourself. There absolutely is a purpose for your existence on this earth (with family, and also likely something that you will contribute to your community or the world). Similar to the seasons, the larger economy will shift even if you just wait and do nothing.
But why not utilize this time to your benefit? In order to see a shift in your work, you probably need to first have a shift in you — in your own sense of innovation and resourcefulness.
Here are 5 innovation ideas…With any problem or opportunity (personal or professional) you need to get:
– New voices– Ask yourself, what are the new voices I need? What are criteria I need in these new voices? (someone to model, someone with a skill set, someone with resources, perspectives, etc) Who could help innovate? Who would be on the cutting edge here? In having these new conversations, talk to the people, engage them, don’t judge them, go back and forth, brainstorm all ideas out there first, don’t kill ideas too early.
– New Questions (and ask these questions to yourself as well as to the new voices) – Bill Gates, richest man in the world, asked this question: “How do I become the intelligence that runs all computers?” He didn’t even develop the Microsoft software. He bought MS dos for 50K, then he innovated it, which saved a lot of time. Now his focus is more how to make a difference in non-profit area. What questions do you ask yourself? What are some new questions you need to ask right now? (if you can’t think of any, get new voices and they will come with new questions)
– New Perspectives – Go to new places to stimulate new perspectives. Your life is different when you experience these things. For example, Nokia – they keep their market share by innovating all the time, getting to know perspective of customer – they actually go to where their customer is. Nokia sent tech people out all over, and the idea that they came back with was to have phones with different colors – and gave customers the ability to design their own color on Internet. Business exploded by 20% in a way no technical innovation could ever have done. Go to new homes, new companies, new communities – don’t just talk to people on phone or online – get in these new environments, and it will spark new ideas.
–New Passions – When you have new people and they open up and feel ready to share, it provides new passions. If you don’t quite know what you are passionate about – do the first three and usually passions appear. Especially if those in leadership positions reinforce and encourage themselves and others to do things that are exciting to them – things that they can feel passionate about.
– New Experiments – Try strategic innovation experiments. Google gives people 25% of time to work on something not directly related to core business, a “skunk works”. Give yourself (and team if you have one) an opportunity to tap into passion and run with it. Take risks, break rules, be a bit of maverick – this is often critical to taking your life to the next level.
How does the economic situation influences Developing Countries (and ICT4D)?
Here’s a video I created for my ICT4D class about the effect of the economy on developing countries, and one reason why ICT4D is attractive. I filmed it while here in Washington D.C., after recently being in Trinidad and Guyana where I presented progress on our Consortium to the ACP Secretariat and European Union PMU.
Some questions to discuss:
* Why are the economies of developing countries more vulnerable and influenced with fluctuations in the global economy?
* Why are they open to getting hit so much harder than developed regions?
* What role might ICT4D play in providing more stability for developing countries?
* What obstacles would need to be overcome in order to utilize ICT4D for these benefits?