Sharpening Your Skills

The Upsides of Slowing Down

April 17, 2023 By Nagesh Belludi Leave a Comment

Making faster and faster decisions can look like the proper response in a culture obsessed with speediness and efficiency that bleeds into the reckless and hasty. But as investment banker turned-law educator Frank Partnoy’s Wait: The Art and Science of Delay (2012) argues, while fast thinking—like fast food—hits the spot on occasion, too much speed can, however, be counterproductive.

Today we jump faster and more frequently to firm conclusions. We like to believe there is wisdom in our snap decisions, and sometimes there is. But true wisdom and judgment come from understanding our limitations when it comes to thinking about the future. This is why it is so important for us to think about the relevant time period of our decisions and then ask what is the maximum amount of time we can take within that period to observe and process information about possible outcomes. … The amount of time we take to reflect on decisions will define who we are. … Our ability to think about delay is a gift, a tool we can use to examine our lives. Life might be a race against time, but it is enriched when we rise above our instincts and stop the clock to process and understand what we are doing and why. A wise decision requires reflection, and reflection requires pause.

Time pressure, high stakes, and emotionally charged situations make it more likely that we will deviate from rational decisions and fall back on heuristics—caveman thinking indeed. Mental shortcuts may have their place for helping us to navigate quotidian risks like crossing the road or boiling a kettle. However, for every decision that can be made in a moment, there are many others where a considered and judicious approach may save you from calamity.

Idea for Impact: The next time you feel pressured to make a quick decision in the face of the unexpected, try to slow down, take a breath, and ask yourself whether your natural desire to get on with it needs to be tempered with caution.

Avoid Being Money-Rich and Time-Poor: Summary of Ashley Whillans’s ‘Time Smart’

April 13, 2023 By Nagesh Belludi Leave a Comment

Stress and life dissatisfaction are often caused by being chronically “time poor”—having too many things to do and not enough time to do them. We equate time poverty with success and pay the physical and emotional price of rushing around.

Harvard academic Ashley Whillans’s Time Smart: How to Reclaim Your Time and Live a Happier Life (2020) shows that people with more free time are happier, healthier, and more productive than people who work all the time and make more money.

The effects and costs of time poverty are so stark that researchers now compare it to a famine—a severe, drastic shortage of time affecting all of society—that carries many of the attendant negative consequences that a natural disaster produces. … No matter our age, education, or income, we share the same reality: none of us knows how much time we have left. One day, time runs out and tomorrow never comes. … Chasing money is valuable to a point, but it’s an infinite errand. You can always try to get more—and research shows people do that, no matter how much money they have already. Given how precious time is, we should put it first.

Idea for Impact: Develop a time-centric mindset and work fewer hours if necessary. Consider time as currency and become more purposeful, dodging mindless tasks and unfulfilling chores. Ask how much time you will give up for more money or productivity. Money is a powerful tool that can buy you time and amplify your freedom to pursue your values and priorities.

How to … Be More Confident at Work

April 3, 2023 By Nagesh Belludi Leave a Comment

If a lack of confidence is a significant factor holding you back in your career,

Appreciate your qualities and personality. Often, a lack of confidence stems from an accurate self-appraisal. Don’t dwell on the negatives. Celebrate what you’re good at. Record your workplace wins to identify the areas you’re strong at. Find ways to develop them even further. Knowing your strengths is also a great asset when considering asking for a pay rise or promotion.
Develop your brand of confidence. Don’t compare yourself to other people. Don’t ruminate on what others do and say (if their criticisms are accurate, stop blowing them off and consider changing yourself.) If you’re struggling with personal roadblocks, whether managing clashing personalities or dealing with work-life balance, develop methods or tools for overcoming them.
Say ‘yes’ to new challenges; they’ll take you out of your comfort zone. Expect to meet with problems—it’s the only way to keep growing. When you fail, know that you’ll survive—just move on to another challenge. (Losers fear failure so much they don’t bother to try, ensuring they’re failures.) Learn to be patient and to just enjoy the journey.
Find positive role models and personal cheerleaders. Many employers offer networking mentorships—they are the perfect opportunities to ask questions and learn directly from people who understand your situation and want to help you develop. Seek a few-steps-ahead peer-mentor, somebody who’s approachable and has a tad more experience than you do.

What You Most Fear Doing is What You Most Need to Do

March 24, 2023 By Nagesh Belludi Leave a Comment

Sometimes when you’re anxious about things, you tend to push them out of your grasp. Instead of evading from frustrating encounters thus, ask yourself, “What can I do that’ll make me more competent to tackle this problem?”

Don’t postpone the problem. Start with a baby step. A single, small accomplishment may promote new feelings of accomplishment and spark a sense of self-confidence. You’ll be pleased with yourself for taking charge.

When you like yourself better, you’ll begin to get more productive and improve your life in small ways, which can lead to bigger achievements.

Be Open to Being Wrong

March 22, 2023 By Nagesh Belludi Leave a Comment

The philosopher and logician Bertrand Russell, one of history’s brightest minds, was once asked whether he’d be prepared to die for his beliefs. He replied, “Of course not. After all, I may be wrong.”

Feeling that you’re making more sense than others shouldn’t be the gauge for being accurate about your convictions. Especially when you’re good at arguing, you can take your ideas and judgments in various directions that will mislead you in ways that are more convincing to you than what the other side thinks. Blind spots can spawn certainty quickly.

Idea for Impact: Hold yourself to a higher standard. Turn doubt into a deliberate attitude. Allow your mind to wander in unexpected directions. Be open to other perspectives. Be open to being wrong.

The Hidden Influence of Association

March 16, 2023 By Nagesh Belludi Leave a Comment

The “Law” of Association, a maxim popularized by motivational gurus Jack Canfield and Jim Rohn, implies that you’ll become the average of the five people you spend the most time with.

This is to say, empirically, everything about you is the average of the five people you hang around most. For instance, your happiness level will be the average of the five of your best mates.

If you want to raise the quality of your life, rub shoulders with people already living the quality of life you aspire to. To become a better communicator, hobnob with great communicators. If you want to be more positive, mix with more optimistic individuals. If you want to be a fabulous parent, spend time with parents who’ve mastered the art.

Birds of a feather flock together … because they share a common vision, and they’re all going in the same direction. So if you’re pursuing a goal, find the people who’ve already attained that goal or are well along the path to achieving that goal. Then be with them, hoping some of their principles rub off on you.

Idea for Impact: In regards to relationships, we’re greatly influenced—whether we like it or not—by those closest to us. Get out there and connect with those whose lives you want to live. Those connections can pay off careerwise and personally.

Three Rules That Will Decide If You Should Automate a Task

March 6, 2023 By Nagesh Belludi 1 Comment

To check if a process or a workstream is a good candidate for being automated, see if it meets all three of these criteria:

The process must be a well-oiled machine. The requirements and outcomes are well established. Is the process stable enough to be automated?
The process doesn’t need someone to engage with it each time. It doesn’t need manual intervention, oversight, excessive customization, or finesse. It runs in the backdrop; it’s boring and doesn’t require ‘higher-order’ thinking. Are there decision points within the process that require human intervention?
The process is time-consuming. By automating it, will you save at least 4x what you’ll invest in automating it?

If the manual process is broken or doesn’t exist, then automating it before it’s a “well-oiled machine” may lead to mistakes and unnecessary rework. Establish success with the manual workflow before attempting to automate it.

Idea for Impact: Picking which processes to automate isn’t easy; yet, the closer you observe the workflow deeply, the sooner you can understand both the happy path to automation and the exceptions.

First Things First

February 27, 2023 By Nagesh Belludi Leave a Comment

Most people have the disposition to work on easy, accessible, or pleasant tasks while putting off tasks that seem tedious or difficult.

Using minor tasks to put the big tasks on the back burner is a particularly deceptive form of procrastination. You pat yourself on the back for checking items off your to-do list, but all you’ve done is deferred the more critical, time-consuming work until the end.

Sure, you need to exercise, check your Facebook wall, run errands, tidy your desk, catch up with a buddy, and plan your next vacation. But don’t use these activities as excuses for not preparing the progress report whose due date is creeping up on you.

One of the self-help guru Stephen Covey’s familiar 7 Habits of Highly Effective People (1989) is the discipline of classifying essential things that need to be prioritized. Habit 3, “put first things first.”

Idea for Impact: Delaying a critical task hardly makes it easier. When tempted to procrastinate, first catch yourself making an excuse. Don’t let the little necessary tasks trivialize the more substantive work.

How to … Stop That Inner Worrywart

February 22, 2023 By Nagesh Belludi Leave a Comment

I’m one of those incessant worrywarts. Risk mitigation is a significant facet of my work. Thus, I worry about the prospect of non-optimal results; I worry about the unintended side effects of my decisions, and I worry about what people aren’t telling me. I even worry that I worry too much (now, that worry is entirely unfounded.)

If, like many people, you’d like to worry less, perhaps you may find the following approaches helpful. Most of my over-worrying comes from thinking ahead, but after a reasonable effort to understand risks and make plans to adapt more flexibly to developing situations, I’ll just let up. I’ll self-talk as though I’m addressing a team, “Not everything is within our control. We’ll cross that bridge when we come to it. Let’s deal with it as it appears and course-correct.” Beyond that, I’ll get really busy with something else that keeps me too occupied to fret about the previous thing that worried me.

Trying to Be Perfect is Where Your Troubles Begin

February 20, 2023 By Nagesh Belludi Leave a Comment

Fear of failure is one of the insidious confidence killers. Instead of living life in a place of self-acceptance, many folks try to live up to unrealistic ideals. They’re on a continual treadmill, chasing the illusory feeling of urging on everything in their lives to be “perfect.”

When you cling to the all-or-nothing standard, all your endeavors result in perfection or failure. This mindset drives you to see yourself as a disappointment again and again.

Let go of dichotomy. You needn’t be “perfect or failure.” Don’t build yourself up to fail with the unattainable goal of always being perfect. Instead, set goals that are very achievable and within your control. Make your goal just to take action. Not to achieve a perfect outcome, not even to a positive outcome, but just to be done. Completed with a satisfactory result. Checked off.

Idea for Impact: You don’t have to give 110% or even 100% to everything you do. Be very selective about when you want to push yourself to the max—only when the stakes are big enough and when your perfectionism is thoroughly justified.

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