| by Justin Tobin @justintobin|
A quick scan through the business media on any given day yields a vast number of how-to guides for hiring and maintaining a staff of millennials, as if they were exotic house pets that require special care. These tips usually recommend offering perks like happy hours, flexible working hours and of course, ping pong tables. If only it were that simple. The way we work today is shifting in some dramatic ways. This is driven by a number of factors and millennials are just one of them.Each generation holds certain overarching views about hierarchy, corporate loyalty, necessary skills sets and what a good work ethic looks like. The question for managers shouldn’t be, “how do I deal with these confounding millennials,” but rather “how do I manage the stressors that occur when people of different generations are working under the same roof?” Instead of focusing on the whims of the younger generation, managers need to look at the big picture to smooth tensions and reconcile the views and approaches of both groups.Here are some common differences between millennials and boomers that today’s managers need to recognize and how to balance them against each other to get the best out of your teams.
1. Tenure vs. merit. For boomers and those who came before them, the thinking went, if you were loyal and put in your time, you’d be rewarded by the company. Tenure was what drove increases in compensation and title promotions. Millennials have had to deal with a very different employment landscape, one affected by a sharp rise in temporary and freelance staffing that doesn’t encourage, or even allow, workers to settle in for the long haul. Because of this, millennials believe that merit, not tenure should drive respect and upward mobility for workers. In their eyes, varied expertise, education, personal projects and career wins should count for more than the dates they signed their contracts. Managers should be open to taking into account the valuable experience and skill-sets one can build from working in varied industries, without dismissing the institutional knowledge and focus that comes with spending years and years at the same company.
2. The importance of hard skills.Older generations saw the education to work pipeline as relatively straight. You went to school to gain a certain set of skills that you would then hone over the course of your career. In time, this highly developed set of technical abilities or industry expertise would be your most important asset. For millennials, the view is a bit more complicated. They value intangibles such as emotional intelligence, leadership qualities, communication skills and the ability to adapt quickly to new processes and technologies just as highly, if not more, than hard skills. Perhaps this is a result of growing up in a quickly changing environment that has a tendency to render some skills obsolete as fast as you can master them, or a byproduct of the way social media has trained the younger generation to think about self-presentation. The fact of the matter is they’re both right. Mastery of hard skills is only becoming more valuable as technology advances and more jobs become automated. Meanwhile, interpersonal skills and the ability to see the big picture in real time are crucial in an increasingly complex business environment. A strong, well-balanced team takes the best components of each view.
3. The definition of stability.An increasing number of businesses are waking up to the fact that it’s often cheaper to hire freelancers or talent from the new breed of skilled “flex workers” we see emerging — designers, coders, writers, etc. that companies can hire on an as-needed basis — than hiring full-time staffers. This creates some friction between boomers who see full-time jobs with benefits as “normal” and preferable, and millennials who value the dynamism and increased knowledge that can come from working at a variety of companies on a short-term basis. It’s not that millennials don’t value stability; they view stability as gaining a diversified set of experiences and skills. They want to be able to rely on a paycheck just like everyone else, but many don’t see full-time jobs with benefits as the best approach to achieving their career goals. This generational disparity is something recruiters need to keep in mind as they seek to attract talent and balance staffing needs between freelance and full-time.In reality, millennials want the same things most workers want, including their older colleagues — to grow in their careers, to balance their work and personal lives, to make a decent wage, to work in a positive office environment. The difference is their multi-tasking, diversification approach to achieving them. So, don’t make changes to your business simply to appeal to millennials; make them to balance the ideals and work styles of all of your talent to optimize the common ground.
There are no absolutes in life. And there are no givens. Everything is up for grabs. Most people dream of accomplishing something extraordinary in life. But life slips by and their most meaningful dreams slide silently to the side while they’re getting everything else done.
Grant Cardone says, “Never reduce a target. Instead, increase actions. When you start rethinking your targets, making up excuses, and letting yourself off the hook, you are giving up on your dreams!”
Operating at an exponentially higher level is exactly what you need to do better and be successful in your endeavors. But everything starts with a decision to aim higher than usual. Only those with the right mindset, attitude and skill can take advantage of the enormous human potential.
You can’t achieve extraordinary results with an ordinary mindset
“The greatest danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it.”― Michelangelo Buonarroti
Many people are far below their expectations because they have big dreams, incredible ideas, and fantastic goals but put in little or no ACTION.
As you build on your accomplishments and your confidence grows, you will naturally want to aim higher. Now that you’ve got some momentum going, it’s time to double your effort.
Extreme success in your own terms can only be achieved by taking massive action with the 10X rule, a concept made popular by Grant Cardone.
The 10X rule is based on the idea you should figure out what you want to do, goals you want to achieve, and multiply the effort and time you think it’ll take to do by 10.
In his book, 10x Rule, The Only Difference Between Success and Failure, Grant provides an awesome blueprint for how you can rise above the status quo to take “massive action” instead of behaving like everybody else and settling for average results.
“The greatest turning point of my life, both professionally and personally, was when I stopped casually waiting for success and instead started to approach it as a duty, obligation and responsibility,” says Cardone.
We have a tendency to underestimate what we can accomplish, and therefore set lower goals and not reach our full potential.
When you apply the 10x rule and mindset to your thinking, and apply it to how you act, you can do more in the shortest possible time. And you will still have time to take care of a lot of other things on your to-do list.
The idea of a 10x advantage is to aim ten times higher when you set your goals in business and life. You are probably not thinking big enough about your life’s work, projects, and what you want to achieve in your career.
A 10x mindset or goal means that if you come up short, you’ll still find yourself further along than if you had maintained your life’s current goals, visions and everything else you have planned to achieve.
Christopher Reeve once said, “So many of our dreams at first seem impossible, then they seem improbable, and then, when we summon the will, they soon become inevitable.”
And it also means that you open yourself up to bigger possibilities for the future that make it increasingly easier to make decisions and take action in the present. You can move and work your goals 10 times faster while being consistent and persistent.
But don’t underestimate how much energy and effort it will take to push things through though. Things could take longer to complete or cost more. Plan for these things you plan to focus on ahcieving more using the 10x rule.
Thinkers and dreamers are the new untouchables
“Between the great things we cannot do and the small things we will not do, the danger is that we shall do nothing.” — Adolph Monod
We’ve been conditioned to think small, simplify and to expect less and demand less from life. Don’t be subject to the tyranny of “how things have always been done”. Find your true north and push past the default.
For centuries we’ve been trained by the system to stop thinking and do as we are told. But dreamers and thinkers change the world. They don’t follow any logic. It’s hard to replace the dreamers with algorithms.
Can you build something people will look for, will talk about or something we would miss if it were gone. Think about your capacity to think creatively and exponentially. And your your capacity to provide value to others. Start seeing things from a wider and far reaching perspective.
You should start thinking big without reservations. Practice thinking about your future being 10x bigger and better, and you’ll develop a new 10x standard for viewing the world.
You can only contribute more, learn more, become more and stretch yourself and your own abilities beyond their current psychological limitations if you give yourself permission to think beyond the obvious.
Turn mindset into action
The right intentions will only get you so far. You also must act. A 10x mindset radically shifts your thinking, your decision-making, and the actions you take.
Start identifying actions that are blocking your progress toward 10x growth and get rid of them. Focus on doing even better at those things you’re already good at and stop worrying about everything you struggle with.
Tackle every project with the 10X Rule, acting like you have to succeed because your life depends on it.
Before you go…
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I was grabbing a coffee with a friend the other day and in the coffee shop, we got into a conversation with a gentleman who started telling us about his food truck. He was going on about how they originally took a $50k loan to get the business going, and how he was spending 16 hours a day on the business. I was supportive and respectful, but not how I look to go about my businesses. 16 hours a day at the beginning, maybe 1 hour a day once it’s launched.
Brick and mortar businesses are going out of style. Brick and mortar businesses are expensive as well ($50k for a food truck with no guarantee of success!!) If you want to make it big, you have to leverage your network and the reach of the internet.
I’ll give you a few business ideas that cost less than $200 to start. Most are built around creating content and building an audience. Content creation is a great way to start a business. Essentially, build an audience, then monetize. I will also list a few others.
- Blog (less than $50 for domain name and 12 months of hosting fees)
- Start writing unique content on a specific niche and you will build an audience. Over time, you can add ads, affiliate links, products, coaching courses, etc. to your blog. Since you already have an audience, they will be open to buying.
- Social Media Sites: Twitter, Instagram, YouTube, Facebook (free)
- Why not utilize a platform that already has millions of users? You can create an account on any of these platforms and start building a business this way.
- I watch a lot of YouTube videos and it’s crazy how people can make a living off creating videos.
- One downside of these platforms is if they change their algorithm or pay-out structure, then you may lose out on views, ad revenue, etc.
- Consulting or Coaching (Free, but will take time to build a client book and reputation)
- Are you an expert in a certain field? You can contract for and consult clients for a solid hourly wage. It’s a fun job and if you can communicate well, it would be a solid role for you.
- Digital Product Creation (think e-book or how-to-guide, Free)
- Creating a e-book on an area you are passionate about and sell it for a few bucks. The only time you spend is upfront, after that, it’s passive income.
It’s a great strategy these days to leverage the internet’s wide reach. There is so much money in the world right now… we just need to go and get it.
AN EARLY START TO YOUR GOLDEN YEARS
1. LIVE TWO TO THREE TIMES BELOW YOUR MEANS
2. REDEFINE ‘COMFORTABLE RETIREMENT’
3. PAY OFF ALL YOUR DEBT
4. CONSIDER OVERLOOKED FINANCIAL RESOURCES
5. INVEST EARLY AND AGGRESSIVELY
6. MARRIED COUPLES: PLAY RETIREMENT ACCOUNT MATCHMAKER
7. PRACTICE SOUND CASH FLOW MANAGEMENT
8. JUMP ON EMPLOYER STOCK PURCHASE PLANS
9. START THAT RETIREMENT ACCOUNT TODAY
10. PLAN SMART VACATIONS AND TRAVEL — AND INVEST THE DIFFERENCE
11. DON’T LET YOUR MONEY SIT IDLE
12. HOP OFF THE HEDONIC TREADMILL
13. LOOK FOR PASSIVE SOURCES OF INCOME
14. ENLIST IN THE ARMED FORCES
15. HIT THE ROAD OR GO JUMP IN A LAKE, INDEFINITELY
BY JESSICA DANG
Your answer to this question is crucial.
It can determine whether or not your life’s work is contributing to you living to your full potential. In his book Springboard, Wharton School Professor G. Richard Shell argues that this question is essential to finding personal meaning and satisfaction. And that’s not as simple as most people think.
To illustrate, imagine three people who have been working hard for several years — Alex, Ben, and Catherine.
- Alex has a job he does for the paycheck. He clocks in for the hours he’s supposed to, and he puts in the minimum effort to get the job done. Sure, he might perform relatively well in his role, or he might go through the motions of socializing with the people he works with, but he can’t help feeling like a cog in a machine. He puts up with it though, as he’s motivated by the security that comes with having a stable job and a steady paycheck. He doesn’t view his job as much more than a chore. ‘Life’ is what happens when he gets home after work and picks up his guitar, or on weekends when he can spend time with his partner. He is always wishing that it’s Friday already, and he dreads Monday mornings.
- Ben feels dedication and loyalty towards his career, and to an extent, his employer too. He sees himself progressing in his defined role, towards more status and responsibility. His pride in his job is apparent in how he introduces himself to others at parties: he says his name and what he does. He has spent countless hours building up his skills and knowledge within his field. He envisions himself in his manager’s position on a daily basis, and then progressing to his manager’s manager’s position, and so on. He works hard because he wants to be better, and sometimes he does things he doesn’t want to do, like work long hours, so that he can reach the ‘ideal’ future he envisions for himself.
- Catherine wouldn’t call what she does ‘work.’ She feels lucky to have found her calling, and to get paid for it too. She’s keen to get out of bed every morning, excited about what the day will bring. She genuinely feels that she is making a difference. There’s hardly such a thing as a holiday, because she just works whatever hours she feels like to get the job done, motivated by the knowledge that what she’s doing is worthwhile. She is able to express herself though her work — using that creative spark she’s had since she was a child. She spends every day in alignment with her values, which include serving the community, even in her own little way. Instead of a cog in a machine, she feels like she is the machine.
Who do you identify most with?
Notice that there isn’t any mention of each person’s pay or profession. Research conducted by Yale University Professor Amy Wrzesniewski showed that most randomly selected groups divide themselves up almost exactly into thirds, no matter what they do, or how much they are paid. Indeed, some people from exactly the same workplace felt differently about the same job. It’s not always so clear-cut.
For example, Ben could be a trainee lawyer who feels like he has his whole career ahead of him. He’s only worked for two years, and has shown promise. Maybe he’ll make partner one day, if he just works hard enough. He’s proud of his profession, even though the hours exhaust him. He would say that his career is his priority right now. His best friend in the next cubicle feels differently. He finds the work tedious and pointless.
Catherine could be a doctor working in a ward that is always full of sick children. She works long hours, sometimes with only a few hours of sleep, but it’s worth it if she gets to save lives. She can’t imagine doing anything else. It’s her calling. Yes, she earns a fair amount, but it’s not the money that’s most important to her. Last night, she was bonding with her best friend Karen about how much they love their jobs. Karen is an administrator for the local government.
You might imagine that most people on lower incomes would consider themselves as just having a ‘job,’ but down the hallway from Catherine the doctor, the janitor finishes up cleaning the floor. Nobody really pays attention to him, but if they did, they would hear him humming away happily. Even though his job can be tiring at times, he loves it because the ward needs to stay clean so that the doctors can properly do their jobs, and the janitor gets to do his part in saving lives. It’s his calling too.
In fact, people can feel differently about their work at different times in their lives, and their perceptions can shift over time as their personal lives change and they seek different goals than when they first started in a job. Ben could focus on his law career for 10 years, and then realize that he has sacrificed a lot for the sake of it. He loses sight of why he wanted to be a lawyer in the first place, and over the years his career has become just a job to him. Now he’s just doing it because he doesn’t know anything else, and the money is good, but perhaps there are more important things in life than living hard and fast. He’ll be looking for his calling soon.
It’s not easy to work out whether you have a job, a career, or a calling. Things that matter to you now might not matter as much later, and vice-versa. In the long run, only you will know what is right for you. If you’re lucky enough to find your calling — work that you enjoy and that can support you financially — then you are better than two-thirds of the people in the workforce. And you’re well on your way to finding success and happiness.
By Daniel Gefen
The Internet has introduced powerful tools to connect millions of people with the simple click of a button.
An email, a tweet, a post. Within seconds, you can reach more people than your ancestors did in a lifetime.
The world has become a ‘numbers game,’ but nobody cares about being a number.
The same tools that you have at your disposal are easily accessible to the other seven billion people on this planet, which means that everyone is being bombarded with emails, tweets, messages and ads on a daily basis.
The way people act online reminds me of how people act when driving their cars.
Normal, well mannered people step into their cars and evolve into insensitive masters of metal.
All of a sudden, everyone else becomes ‘objects’ to avoid, ignore, honk at, shout out, cut off, curse at, etc.
The world has become faceless, but humans crave human interaction.
I started to realize the power of human interaction and developing deep relationships when I started my podcast. It’s amazing what 45-minutes talking to someone can actually do for a relationship. I have interviewed over 65 successful entrepreneurs and make an effort to keep in touch with each of them.
They are all busy people and are probably bombarded with messages from fans trying to connect. But here’s the secret:
They are human beings. And human beings crave deep, meaningful relationships.
How many times has someone tried to get your attention with the same lazy piece of spam?
If it doesn’t work to get your attention, then why try using it to get the attention of others?
The Internet has made people lazy. It’s so easy to mass message or post quick meaningless things in the hope that a percentage of the masses will react.
Lazy people hope for the best. Successful people work hard to make things happen.
Here are some ways you can become memorable:
- Instead of posting ‘Happy Birthday’ on someones timeline and getting lost in the masses, take 60 seconds and send them a happy birthday video message. They will remember you for it!
- Instead of posting useless, mindless one liners, post something deep and interactive
- Reach out to people one on one and start a personal conversation
- Dare I say it—pick up the phone and call people
- Instead of commenting on other people’s posts with the same old one word replies like “cool” or “#Truth,” put some time into sharing how their post impacted you
- Surprise people by sending them a gift in the mail
Most importantly, keep in touch with people on a regular basis—at least once every 90 days.
Ask yourself, what makes others memorable to you?
Now go and become memorable!