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Eat That Frog! // Summary of Brian Tracy’s Time Management Bestseller

October 19, 2020 By Nagesh Belludi Leave a Comment

Self-help megastar Brian Tracy’s Eat That Frog! (2001) focuses on how to put you—not the incessant flow of attention-demands that inundate you—in the driver’s seat. The most effective time management is staying aware of what genuinely deserves your attention.

Tracy’s central premise is that to be more time-effective, you must discover the one momentous task—the most dreaded task or the “frog”—that you need to do. Take steps to do this task right away with the utmost urgency and attention, even if you don’t feel like doing it. “If you have to eat a live frog at all, it doesn’t pay to sit and look at it for very long.”

Suppose you start your day by “eating a live frog” (a memorable Mark Twain metaphor, but has an even more extended history.) In that case, you know that the most unpleasant part of the day is behind you.

  • “Set the table.” People fail because they aren’t clear about their goals. Decide exactly what it is that you must achieve. Write down goals and objectives. Plan every day in advance. Every minute spent in planning can save 5-10 minutes in execution.
  • Embrace the Pareto Principle. 20% of activities account for 80% of the results. Always concentrate efforts on those top 20%. Pick the hardest, but most important and meaningful tasks first. “Successful people are those who are willing to delay gratification and make sacrifices in the short term so that they can enjoy far greater rewards in the long-term.”
  • Adopt the ABCDE method. Prioritize tasks from A (most significant) to E (least significant) and work on the As. Focus on key result areas. Delegate the D tasks and get rid of the E tasks.
  • Obey the “Law of Forced Efficiency.” Lack of clarity can be a killer because it impairs action, and action is the secret to success. “There is never enough time for everything, but there is always enough time to do the most important things. What are they?”
  • Identify your key constraints. Your most significant limitation is an anchor that keeps you from sailing on with your strengths. “Determine the bottlenecks or choke points, internally or externally, that set the speed at which you achieve your most important goals and focus on alleviating them.”
  • Let deadlines motivate you. “Imagine that you have to leave town for a month and work as if you had to get all your major tasks completed before you left.” Develop a sense of urgency: Make a habit of moving fast on your critical tasks.
  • Manage for personal energy and attention. “Identify the periods of highest mental and physical energy and structure the most important and demanding tasks around those times.” Also, “Organize your days around large blocks of time where you can concentrate for extended periods on your most important tasks.”
  • Motivate yourself into action. Focus on the solution rather than the problem. Always be optimistic and constructive. “Most of your emotions, positive or negative, are determined by how you talk to yourself on a minute-to-minute basis. It is not what happens to you but the way you interpret the things that are happening to you that determines how you feel. Your version of events largely determines whether these events motivate or de-motivate you, whether they were energized or de-energize you.”
  • Single-handle every task. “The ability to concentrate single-mindedly on your most important task, to do it well and to finish it completely, is the key to great success.”
  • Success requires self-discipline, self-mastery, and self-control. These are the building blocks of character and high performance.

Recommendation: Speed-read Brian Tracy’s Eat That Frog!: 21 Great Ways to Stop Procrastinating and Get More Done in Less Time. This bestselling tome offers practical steps for overcoming procrastination with focused determination. Yes, much of the book is trite, and Tracy is excessively repetitive. However, Eat That Frog! is a useful synthesis of such simple disciplines as determining priorities, delegating and eliminating some tasks, knowing what’s okay to procrastinate about, and getting it all done.

Wondering what to read next?

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Filed Under: Sharpening Your Skills Tagged With: Books, Discipline, Procrastination, Productivity, Time Management

Inspirational Quotations #863

October 18, 2020 By Nagesh Belludi

When meditation is mastered, the mind is unwavering like the flame of a lamp in a windless place.
—The Bhagavad Gita (Hindu Scripture)

It’s nothing to be born ugly. Sensibly, the ugly woman comes to terms with her ugliness and exploits it as a grace of nature. To become ugly means the beginning of a calamity, self-willed most of the time.
—Colette (French Novelist, Performer)

Simplicity and naturalness are the truest marks of distinction.
—W. Somerset Maugham (British Novelist)

Each blade of grass has its spot on earth whence it draws its life, its strength; and so is man rooted to the land from which he draws his faith together with his life.
—Joseph Conrad (Polish-born British Novelist)

I want, by understanding myself, to understand others. I want to be all that I am capable of becoming.
—Katherine Mansfield (British Author)

I happen to feel that the degree of a person’s intelligence is directly reflected by the number of conflicting attitudes she can bring to bear on the same topic.
—Lisa Alther (American Novelist)

The wrinkles of the heart are more indelible than those of the brow.
—Dorothee Luzy Dotinville (French Dancer, Actress)

Just as a picture is drawn by an artist, surroundings are created by the activities of the mind.
—Buddhist Teaching

Evil acts of the past are never rectified by evil acts of the present.
—Lyndon B. Johnson (American Head of State)

Tomorrow is always fresh, with no mistakes in it.
—Lucy Maud Montgomery (Canadian Novelist, Children’s Writer)

Discipline must come through liberty. . . . We do not consider an individual disciplined only when he has been rendered as artificially silent as a mute and as immovable as a paralytic. He is an individual annihilated, not disciplined.
—Maria Montessori (Italian Physician, Educator)

If one understands eternity as timelessness, and not as an unending timespan, then whoever lives in the present lives for all time.
—Ludwig Wittgenstein (Austrian-born British Philosopher)

Let a man take time enough for the most trival deed, though it be but the paring of his nails. The buds swell imperceptibly, without hurry or confusion, as if the short spring days were an eternity.
—Henry David Thoreau (American Philosopher)

It’s a big world. You can loudly leave out 99% of it. People in that 1% will come to you because you have shown how much you value them.
—Derek Sivers (American Entrepreneur)

Filed Under: Inspirational Quotations

Never Cast a Blind Aye

October 17, 2020 By Nagesh Belludi Leave a Comment

Rep. Tom Moore Jr. (1918–2017) of the Texas House of Representatives was dismayed at how often his legislative colleagues in the Texas House of Representatives passed bills without reading and understanding them. For an April Fools’ Day prank in 1971, he sponsored this resolution honoring Albert de Salvo:

This compassionate gentleman’s dedication and devotion to his work has enabled the weak and the lonely throughout the nation to achieve and maintain a new degree of concern for their future. He has been officially recognized by the state of Massachusetts for his noted activities and unconventional techniques involving population control and applied psychology.

The resolution passed unanimously.

Albert de Salvo was actually the Massachusetts serial killer known as the “Boston Strangler.”

Having made his point, Rep. Moore withdrew the resolution.

Idea for Impact: Don’t endorse anything you haven’t read and understood thoroughly. Abstention, even denial, is much preferable to a blind aye!

Wondering what to read next?

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  4. Starbucks’ Oily Brew: Lessons on Innovation Missing the Mark
  5. The Wisdom of the Well-Timed Imperfection: The ‘Pratfall Effect’ and Authenticity

Filed Under: Business Stories, Sharpening Your Skills Tagged With: Critical Thinking, Decision-Making, Parables

Don’t Be Friends with Your Boss

October 16, 2020 By Nagesh Belludi Leave a Comment

Develop a cordial, constructive, and trusting relationship with your boss. But don’t extend that connection into a chummy friendship.

A boss-employee friendship comes with complications and tensions that don’t exist in other relationships. The boundaries in friendships are softer and more diffuse. In a boss-employee relationship, the boundaries are more pronounced, and rightly so.

When you’ve got a great rapport that comes with a friendship, it’s easy to start expecting to be treated a bit better than everyone else on your team. You’ll be disappointed when some special consideration—a plump assignment or a flexible vacation schedule—doesn’t come your way. Your boss will expect you to abide by the same standards and rules as everyone else.

You also have to be more vigilant about how your friendship appears to other people.

Idea for Impact: Boss first, friend second. Don’t mix the two. Sure, be friendly with your boss, but don’t expect to be treated as a friend.

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Filed Under: Managing People Tagged With: Conflict, Getting Along, Great Manager, Managing the Boss, Relationships, Winning on the Job, Work-Life

The Waterline Principle: How Much Risk Can You Tolerate?

October 15, 2020 By Nagesh Belludi 1 Comment

American engineer and entrepreneur Wilbert L. “Bill” Gore (1912–86) was the founder (with wife Genevieve (Vieve)) of W. L. Gore & Associates, the maker of such innovative products as Gore-Tex fabrics, Elixir guitar strings, and a variety of medical products.

Gore’s open and creative workplace emphasized autonomy, fairness, commitment, and experimentation. He instituted a mental model for risk-tolerance called the “Waterline Principle.”

Gore compared the level of allowable risk to the waterline on a boat.

  • Sanction risks above the waterline since they wouldn’t sink the boat—you have ample autonomy above the waterline. If a decision goes bad and produces a hole in the side of the boat above the waterline, you can fix the hole, learn from the experience, and carry on.
  • Risks that fell below the waterline, in contrast, can blow a hole that can sink the boat. Below-the-waterline risks need prior approval from the “captain.” Your team can be prepared for such risks, investigate potential solutions, or buy appropriate insurance coverage.

Commenting about Bill Gore and his Waterline Principle, business consultant Jim Collins noted in his How the Mighty Fall (2009,)

When making risky bets and decisions in the face of ambiguous or conflicting data, ask three questions:

  • What’s the upside, if events turn out well?
  • What’s the downside, if events go very badly?
  • Can you live with the downside? Truly?

The Waterline Principle encourages prudent experimentation and conscientious risk-taking by lowering the risk waterline.

Idea for Impact: Risk analysis and risk reduction should be one of the primary goals of any intellectual process. Invite your team to identify risks that can sink the boat and those that can cause survivable damages.

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Filed Under: Mental Models, Sharpening Your Skills Tagged With: Critical Thinking, Decision-Making, Mindfulness, Problem Solving, Risk, Thinking Tools

Avoid Being the Low-Priced Competitor

October 14, 2020 By Nagesh Belludi Leave a Comment

In determining how much you’ll charge for your products and services, explore the “price umbrella”—how others are charging for competitive or comparable products.

The key to pricing is knowing how much your service is worth for your client. Charge too little, and you’re short-changing yourself and making your client speculate, “If she’s decent, why does she charge so little?”

Avoid being a low-price competitor. It’s a terrible habit. Don’t announce, “I’m new. I’m trying to get established. Therefore, I’m offering my service for less than the existing players. Please buy from me.”

Jim Price, an entrepreneurship lecturer at the University of Michigan-Ann Arbor and author of The Launch Lens: 20 Questions Every Entrepreneur Should Ask (2018,) calls this “apologetic pricing.”

Instead, consider the “proud pricing” approach: “We’re launching this business because we firmly believe in our unique value proposition; we look forward to explaining that to customers and charging a premium price for a superior product.”

Positioning yourself as the low-price market offering is a competitive strategy that tends to only work for large, undifferentiated retailers and similar businesses, and it is a poor prescription for entrepreneurial startup success.

Being the low-priced competitor tends to require massive operational and financial scale and often results in an undifferentiated product or service offering and a business with very narrow profit margins.

Idea for Impact: Don’t get stuck in the race to the bottom to be cheaper. Marketing expert Seth Godin has reminded, “Cheaper is the last refuge of the marketer unable to invent a better product and tell a better story.”

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  4. We Trust What We Can See: James Dyson Builds for That Instinct
  5. Unpaid Gigs for ‘Exposure’—Is It Ever Worth It?

Filed Under: MBA in a Nutshell Tagged With: Career Planning, Creativity, Entrepreneurs, Marketing

The Extra Salary You Can Negotiate Ain’t Gonna Make You Happy

October 13, 2020 By Nagesh Belludi Leave a Comment

This well-cited study shows that people with high incomes aren’t actually that much happier than their less-earning brethren. This is something many people know empirically. Never mind that subjective happiness is a nebulous condition that’s not easy to measure.

The belief that high income is associated with good mood is widespread but mostly illusory … People with above-average income are relatively satisfied with their lives but are barely happier than others in moment-to-moment experience, tend to be more tense, and do not spend more time in particularly enjoyable activities.

Of course, there’re situations wherein more money can make a real difference in your well-being: nirvana from living paycheck-to-paycheck, freedom from debt, and adequate savings for retirement. Yes, being poor makes people miserable.

But, beyond a reasonably upper-middle-class living (better health care, lavish-enough vacations and celebrations, affording one partner who could stay at home, the ability to buy conveniences, and so on,) additional income doesn’t create enough incremental happiness to justify all the compromises the extra income entails.

Even people who had big wins in the lottery winded up no happier than those who had bought lottery tickets but didn’t win. Sure, these people will be more content with their new toys for a short time, but that delight typically fades away quickly. After that, they’ll seek out yet another indulgence. Soon, that’ll wear off too, at which point they’re already on the hedonic treadmill.

Idea for Impact: Be mindful of what you’re trading away in the pursuit of a higher salary. Wealth and status are false gods.

Wondering what to read next?

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Filed Under: Living the Good Life, Personal Finance Tagged With: Balance, Career Planning, Getting Rich, Materialism, Money, Personal Finance, Simple Living

I’m Not Impressed with Your Self-Elevating Job Title

October 12, 2020 By Nagesh Belludi Leave a Comment

Ben Horowitz of the venture capital firm Andreessen Horowitz discusses giving employees ego-boosting new job titles to appease them for not receiving a promotion or a pay increase:

Should your company make Vice President the top title or should you have Chief Marketing Officers, Chief Revenue Officers, Chief People Officer’s, and Chief Snack Officers? There are two schools of thought regarding this.

Marc Andreessen argues that people ask for many things from a company: salary, bonus, stock options, span of control, and titles. Of those, title is by far the cheapest, so it makes sense to give the highest titles possible… If it makes people feel better, let them feel better. Titles cost nothing. Better yet, when competing for new employees with other companies, using Andreessen’s method you can always outbid the competition in at least one dimension.

And, as a counterpoint, the pitfalls of job title inflation:

At Facebook, by contrast, Mark Zuckerberg… avoids accidentally giving new employees higher titles and positions than better performing existing employees. This boosts morale and increases fairness. Secondly, it forces all the managers of Facebook to deeply understand and internalize Facebook’s leveling system which serves the company extremely well in their own promotion and compensation processes. He also wants titles to be meaningful and reflect who has influence in the organization. As a company grows quickly, it’s important to provide organizational clarity wherever possible and that gets more difficult if there are 50 VPs and 10 Chiefs.

It’s become trendy to create and bandy about outlandish job titles and inflate career profiles.

I’m never impressed with self-elevating titles (e.g., Revenue Protection Officer for a Train Ticket Inspector, Director of First Impressions for a Receptionist) that make you sound like a pretentious, egotistical, and obnoxious person.

Your job title is supposed to help me understand what you do without having to open up the dictionary.

Yes, vague and puzzling job titles surface partly because the world is changing, and so are trades and occupations. Some new job titles are going to be needed.

But it’d be great if we could get by with a much smaller and simpler inventory of descriptive job titles.

Idea for Impact: Avoid bogus grandeur—challenge job title inflation. Don’t assign senior-sounding job titles to those with middle-ranking wages.

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  4. What’s Next When You Get Snubbed for a Promotion
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Filed Under: Business Stories, Career Development, Managing People Tagged With: Career Planning, Human Resources, Humility, Job Search, Winning on the Job

Inspirational Quotations #862

October 11, 2020 By Nagesh Belludi

You make a living by what you get. You make a life by what you give.
—Winston Churchill (British Head of State)

Do not talk about disgrace from a thing being known, when the disgrace is, that the thing should exist.
—William Faulkner (American Novelist)

The worst disease which can afflict executives in their work is not, as popularly supposed, alcoholism; it’s egotism.
—Harold S. Geneen (American Businessman)

One can never pay in gratitude; one can only pay “in kind” somewhere else in life.
—Anne Morrow Lindbergh (American Author, Aviator)

It is a curious thought, but it is only when you see people looking ridiculous that you realize just how much you love them.
—Agatha Christie (British Novelist)

Laws are always unstable unless they are founded on the manners of a nation; and manners are the only durable and resisting power in a people.
—Alexis de Tocqueville (French Historian, Political Scientist)

If there is any great secret of success in life, it lies in the ability to put yourself in the other person’s place and to see things from his point of view—as well as your own.
—Henry Ford (American Businessperson)

A thread will tie an honest man better than a chain a rogue.
—Scottish Proverb

The secret of Happiness is Freedom, and the secret of Freedom, Courage.
—Thucydides (Greek Historian)

Reality is not easy, but all this make-believe doesn’t make it easier.
—Ayaan Hirsi Ali (Dutch Politician, Activist)

A child’s education should begin at least one hundred years before he is born.
—Oliver Wendell Holmes, Sr. (American Physician, Essayist)

The essence of repression lies simply in turning something away, and keeping it a distance from the conscious.
—Sigmund Freud (Austrian Psychiatrist)

Which of us that is thirty years old has not had his Pompeii? Deep under ashes lies the life of youth—the careless sport, the pleasure and passion, the darling joy.
—William Makepeace Thackeray (English Novelist)

Think left and think right and think low and think high. Oh, the thinks you can think up if only you try.
—Theodor Seuss Geisel (‘Dr. Seuss’) (American Children’s Books Writer)

Control your destiny or somebody else will.
—Jack Welch (American Businessperson)

Nine-tenths of tactics are certain, and taught in books: but the irrational tenth is like the kingfisher flashing across the pool, and that is the test of generals.
—T. E. Lawrence (British Soldier, Writer)

Filed Under: Inspirational Quotations

Lessons from Toyota: Go to the Source and See for Yourself

October 8, 2020 By Nagesh Belludi Leave a Comment

Firsthand, on-the-frontlines observation can offer critical insights that facilitate informed—and inspired—decision-making.

The Japanese approach to problem-solving calls this Genchi Genbutsu (literally “go and see for yourself.”) Sometimes called “get your boots on,” it’s not unlike the notion of management by walking about (MBWA.)

Genchi Genbutsu Refers to a Disposition Than a Specific Action

Genchi Genbutsu is rooted in the idea that any report, say, about a problem on the shop floor, is an abstraction. It’s separated from its context, and therefore generalized and relativized.

Secondhand information tends to misrepresent reality enough to give you a false sense of conviction. The only real way to understand a problem is to see it on the shop floor and get the full breadth and depth of information to make the right decision.

For that reason, any solution concocted at headquarters, where the report is received and the problem diagnosed from a distance, is doubly abstracted from the source.

Genchi Genbutsu isn’t a license for management interference, but to understand the problem, unearth the root cause, and help those doing it to resolve the issue.

Genchi Genbutsu Case Study: Toyota Sienna and the 53,000-Mile Roadtrip

When Yuji Yokoya was appointed the chief engineer for the 2004 Toyota Sienna minivan, he had never designed a vehicle purposely for the North American market. He traveled 53,000 miles across North America to monitor and discover what was wrong with the previous Sienna models. He drove the Sienna and competitor’s minivans through every state in America, every province in Canada, and every state in Mexico. in February 2003, Forbes noted,

In Memphis, Yokoya’s minivan was blown into the next lane crossing the Mississippi from Tennessee to Arkansas. Fix: Yokoya reduced the van’s wind resistance by narrowing the gaps between panels and adding plastic shields under the wheel wells to redirect air.

In Yukon Territory, road noise on the Alaska Highway prevented conversation between the driver and rear passengers. Fix: Yokoya stiffened undercarriage to reduce twisting and added sound-dampening material to the frame.

A culture of on-the-spot problem solving is so ingrained in the Toyota culture. According to company lore,

In the mid-’70s, Toyota had just introduced a four-speed automatic transmission. It was very unusual to have an automatic transmission fail, if ever. It seemed indestructible. When Dr. Shoichiro Toyoda [scion of the founding family and chairman of Toyota 1992–99] visited a dealership, the dealer complained that a car just came in with a transmission that had failed. Dr. Toyoda, in his pressed suit, walked over to the technician, got in a dialogue with him, walked over to the oil pan where he’d drained the oil from the transmission, rolled his sleeve up, and put his hand in this oil, and pulled out some filings. He put the filings on a rag, dried them off, and put them in his pocket to take back to Japan for testing. He wanted to determine if the filings were the result of a failed part or if it was residue from the machining process.

Genchi Genbutsu Case Study: Medtronic and the Bloody Catheter

In the late ’80s, when Bill George became CEO of medical equipment manufacturer Medtronic, he discovered that its catheter sales weren’t good enough. His engineers had said the product was first-rate and improving.

When George visited an operating room to observe a surgical procedure, Medtronic’s catheter fell apart in the surgeon’s hands as soon as he inserted the balloon catheter into the patient’s femoral artery. The surgeon extracted the catheter from the patient. In a fit of rage, he hurled the blood-spattered device across at George, who ducked to avoid injury.

This “Bloody Catheter” incident helped Medtronic fix faulty products and spurred a thorough overhaul of Medtronic’s engineering, sales, and problem-solving processes. George later recalled,

Field reports are a dime a dozen. There’s no emotional association with them. But when you’re in a medical environment like an operating room, all your senses-sight, sound, smell, taste-are working. It’s a totally different experience than reading a field report.

Idea for Impact: If you haven’t experienced something firsthand, your knowledge about it is probably suspect

Even in the information age, not all knowledge you need can be at your fingertips. Go to the source. Be where the action happens. Don’t forego the power of emotional input.

Wondering what to read next?

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  2. How Toyota Thrives on Imperfection
  3. How Smart Companies Get Smarter: Seek and Solve Systemic Deficiencies
  4. Learning from the World’s Best Learning Organization // Book Summary of ‘The Toyota Way’
  5. The Seduction of Low Hanging Fruit

Filed Under: MBA in a Nutshell, Mental Models, Sharpening Your Skills Tagged With: Critical Thinking, Japan, Leadership, Management, Problem Solving, Quality, Toyota

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About: Nagesh Belludi [hire] is a St. Petersburg, Florida-based freethinker, investor, and leadership coach. He specializes in helping executives and companies ensure that the overall quality of their decision-making benefits isn’t compromised by a lack of a big-picture understanding.

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