Tag Archives: life lessons

The “DOH” Factor

I did something really dumb yesterday and I thought it might be instructive. After all, as I tell my clients, the reason you hire someone with as much experience as I have is because I’ve already made most of the stupid mistakes. Why not learn from my stupidity?

A friend was excited to learn that very high-speed internet was coming to her town.

Homer Simpson

(Photo credit: Wikipedia)

She sent me a link to the local article about it.  I scanned the first paragraph and saw “Google Fiber” and assumed that’s what she was talking about.  I had read that Google was bringing its gigabit internet service to her town a couple of weeks ago.  Being the good-natured sort, I replied that yes, I was aware of it when it was news a couple of weeks ago.  Snark quotient off the chart, I know.  She calmly said, “No, not Google.  Read it – it’s a local company.  They’ll be here before Google.”  My apology was immediate and sincere.

We all do that, I think.  We’re so trained to multitask that our brains get good at parsing little pieces of information, evaluating them, and deciding whether and how to act upon them in an incredibly rapid fashion.  Maybe it’s become too fast.  As my faux-pas demonstrates, taking the time to get all of the available information might delay an opinion but it will probably make the quality of that opinion – and the decisions we make based upon our opinions – much higher.

Homer Simpson is one of my favorite characters but I’m not so sure he’s a great example for any of us as a businessperson.  “DOH” is a word he says on a regular basis, not that anyone would accuse him of moving in an overly rapid manner.  Taking our time – just a bit more time – to gather information more carefully and completely can help eliminate the “doh” factor.  I’m going to try to do just that – you?

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Opinions Etched In Sand

When was the last time you changed your mind? I don’t mean about something trivial such as what you wanted for supper but about something important. What should our business model be? For whom should I cast my vote? I also don’t mean when was the last time you made a decision. We make those all the time. It’s what happens after the decision is taken that is our topic today.

English: Footprints in the sand My footprints ...

(Photo credit: Wikipedia)

I changed my mind about something the other day. It’s not really important to our discussion what it was, just that my view of the world moved from point A to point B. As I thought about that I realized that many people stick with their initial decisions about things all the time through thick and thin.  That might not be a bad thing, especially if you made a good choice at the time.  It’s a terrible thing, however, if you do so out of habit or sloth.  Things change and they do so more rapidly these days than at any time in our history.  If you made a decision five years ago some of what you took as fact when you did so probably is less right now.  Markets change.  Information changes.  Technology gets invented.  Stuff happens! If you make any investments you probably have that mindset.  Why doesn’t it extend to your business life (I’m ignoring politics here but…)?

A road you’ve driven down for years can suddenly have construction or a bridge out.  You have to alter your route or fly off the bridge.  Pretty obvious, right (I know – I’m a master of that!)?  Yet that thinking doesn’t apply to other aspects of many people’s lives.  Changing one’s mind is seen as weak or indecisive.  Nothing could be further from the truth.  Strong people challenge their own beliefs. They look for facts, especially ones that contradict their own opinions, and avoid confirmation bias.  They keep an open mind when they go to make decisions and they test whether that decision is still valid based on changing circumstances.

My decisions aren’t etched in stone.  More like footprints etched in wet sand.  You can see what they are but when a strong wave comes along they might change.  I might be opinionated but I also accept that I might be wrong on some things.  Am I right about this?

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Experienced Thinking

I was driving home the other day and passed a local pub.

aldous huxley

This place often puts a quote on a blackboard outside and when you get stopped at the traffic light you have a chance to read it.  The quote the other day was from Aldous Huxley and read as follows:

“Experience is not what happens to a man; it is what a man does with what happens to him.”

Think about that not just in terms of your own personal experience but that of your business as well.  Many businesses have had the misfortune to figure out their business model is wrong or that they misjudged cash flow.  Some go under; some rethink how they’re doing what they’re doing or even if what they’re doing is right.  They’re the ones that dealt with what happened and gained experience.

This morning the news is filled with Facebook‘s purchase of What’sApp for $19 Billion.  There are also copies of the founder’s tweets that he sent when he didn’t get hired at Twitter or at Facebook.  Many people have had that happen.  He took those rejections and did something with them.  That experience made him a very wealthy man.

You can get knocked down and lie there or you can get up and fight again.  Your call.

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