Category Archives: Commitment

The Value of Goodwill

How much is your goodwill worth?

The accounting definition of goodwill describes it as the established reputation of a business, quantifiable by taking the fair market value of the tangible assets of a company, subtracting that amount from the full purchase price, blah, blah, blah.

The accounting definition is important, but the goodwill I’m interested in is your personal goodwill, which is measured with the answers to these questions (in no particular order):

  • Do you have a personal reputation as a good person?
  • Are you a person who can be trusted?
  • Are you reliable?
  • Do you work with others based on honesty and integrity first, above all else?
  • When people describe you to others, do they do so fondly or derisively?
  • Are you a person who people want to be around?
  • Do you repel people, or gather people?
  • Do you have a track record of acting fairly in all situations?
  • Do you serve others first?
  • When the proverbial chips are down and everything is going wrong, can others rely on you to rise above the chaos, identify root causes, and get to work solving the problems?
  • Are you known as the person who runs from trouble?
  • Are you the one who looks to blame rather than solve?

The answers to these questions will matter more to your long-term success than any college degree or career accomplishment you may achieve.

Your actions and attitudes will show people your answers more vividly than anything you say.

It’s easy to say words like honesty, integrity, trustworthiness, or empathy.  The real test is how you act and what you choose to do, whether or not other people are watching.

Show me a team of people who don’t value their own personal goodwill or that of their teammates, and I’ll show you a team that fails 99 times out of 100.

The most important choices you’ll make in life are the ones that either add value to, or take value away from your personal goodwill.

Choose wisely.  Your happiness and success depend on it.

Photo by Jukan Tateisi on Unsplash

Premature Judging

Should a new home construction project be judged when only its blueprint exists?  How about when the site has been prepared?  What about when the materials like wood, rebar, and electrical conduit are delivered?

Should we wait to judge the home build until the framing is complete?  Should we wait until the walls and roof are added?  Or, wait until all the windows are installed?  What about the paint and other finishing touches on the house?  Should you wait for those to be completed?

Can you judge the success of the home build before it’s finished?

When making chocolate chip cookies, do you judge the success of the cookies while mixing the ingredients?  How about when the chocolate chips are poured into the batter?

What if the recipe called for real butter, but you only have that non-diary butter substitute that’s supposed to be healthier than butter?  Are your cookies doomed at that point?  Should you call-off the project and declare it a failure?

Assuming you’ve made it past the butter/non-dairy butter issue, is it right to judge the cookies after they’re spooned out onto the cookie sheet, but not yet baked?

Just before placing those filled cookie sheets into the preheated oven, is that the time to re-evaluate the entire cookie-making process to determine if it’s failing?  Should you call a meeting to discuss whether the cooking temperature listed in the recipe is the correct one for your cookies?

Houses and cookies are obvious examples of “projects” that have a lot of moving parts.  They build from a set of raw ingredients, mixed with time and effort, into a completed item.

What about less obvious events in our lives?  When’s the right time to judge these for success or failure (using whatever measures you’ve chosen)?

  • new job
  • new business
  • new business strategy
  • new information system
  • new software development project
  • new friends
  • new marriage
  • new workout regimen
  • new hobby
  • new home

The easiest approach is to prematurely judge, declare failure and decide who to blame.  Failure is comforting.  The status quo is easy.

The new thing is never easy.  Creating something new is almost always uncomfortable.

When we judge too early, failure soon follows.

By the way, the cookies were amazing, but not until they came out of the oven.

Photo by NeONBRAND on Unsplash

That’s all great. But, what does your customer think?

  • “We had an awesome meeting yesterday. We finalized our growth plans for next year.  We’ll be presenting them to the CFO next week.”
  • “That conference was amazing. The speakers really hit the nail on the head about what’s coming in our industry.”
  • “We finished all the employee reviews before the deadline. We start every year with this fire drill!  I’m glad that’s behind us!”
  • “This new software update will finally fix our scheduling problems.”
  • “The year-end financials are done, and our tax filing is happening on time this year.”
  • “Our new branding colors are excellent. They really pop on our mobile app!”
  • “The holiday party committee met, and we’ve got our recommendations for the venue and party theme this year. When can we meet to finalize the plans so we can put money down on the venue?”

What do all of these have in common?

They’re all statements I’ve heard, or said, during my professional career.  I could’ve rattled off 30 more sentences just like these.  All would have represented important activities, milestones, discoveries, inventions, process improvements, or events within the companies I’ve managed (or owned).

But, none of them represented what our customers think.  The customer, in this case, is the person or company that’s paying us for our products and services.

None of the sentences describe us communicating directly with our customers or our prospective customers.

None of them focus on why our customers use our products and services.

None provide a greater understanding of how our customers relate to us.

None help us understand how important we are (or aren’t) in their life.

Are we just a faceless machine that delivers something our customer needs at this moment?  Are we merely a utility to them?

If we disappeared tomorrow, would they miss us?

Do they know who we are as a company?  Do they know anything about our values?  Do we know what our values are at this company?

Do they care about our branding colors, or that we’re having a nice holiday party this year?  Probably not.

Even when we fail to ask, our customers have powerful ways to tell us how we’re doing:

  • When they continue paying us, we know that they value what we’re doing today. They haven’t found anyone else who does it better, cheaper, or both.  They haven’t found anyone that they think cares more about them than we do.  We’ve won today.
  • When they call or write to complain or ask for something new and improved, we can infer that they care enough to ask. They trust that we’ll listen.  Our response lets them know whether their trust is well-placed, or not.

Winning today is nice.  Winning tomorrow, next week, next month, and next year is far more important when it comes to customers.

While we take care of all the tasks associated with keeping our organization afloat, it’s easy to forget why our organization exists in the first place:  to serve our customers and attract new ones.

The customer is the only reason we exist.

Something to keep in mind the next time you put off calling your customer back until after you’ve finalized your company’s holiday party plans.

P.S.  This riff about customers applies to our internal customers as well.  After all, our internal customers are often the ones who deliver service to our external customers.  If we fail to serve our internal customers, you can easily guess what’s going to happen to our external customers.

 

Photo by Tyler Nix on Unsplash

No Matter What

  • “I’m going to do this, no matter what.”
  • “I’ll be there by 5pm, no matter what.”
  • “We’re having this party, no matter what.”
  • “We’ll finish this project by the deadline, no matter what.”
  • “We will hit our quarterly numbers, no matter what.”
  • “My family will always come first, no matter what.”
  • “My career will always come first, no matter what.”

No matter what doesn’t compromise.

No matter what won’t be distracted.

No matter what knows its priorities.

No matter what gathers allies but has the power to alienate.

No matter what takes no prisoners in pursuit of its objectives.

No matter whats are easy when we’re young, protected, and naïve; but hard to uphold in the wilds of real life.

No matter whats morph, adapt, and may even be forgotten as time passes.  But some remain unchanged for our entire life.

What’s on your no matter what list?

How many no matter whats do you say out loud?  Which ones do you keep to yourself?

Do you define your no matter whats, or do they define you?

Maybe it’s time to find out.

 

Photo by Zoltan Tasi on Unsplash

Come on in, the water’s warm!

Back in the day, we used to grab our boogie boards and take the bus down to Seal Beach (in California).  It cost 25 cents each way.  Perfect for a budget-minded 6th grader and his buddies.

Side note:  nobody thought it was the least bit strange for a bunch of 6th and 7th graders to go to the beach on a public bus without their parents…my how times have changed in 40 years.

That first step into the waves was always the coldest.  It never failed that a wave would break right on shore, just as we were trying to slowly enter the water.

We always knew that the moment the water hit our stomachs, we might as well just dive in and swim out through the waves.

Within about thirty seconds, we were used to the water temperature.  We didn’t think about it for the rest of the day.  All we were thinking about was catching the next wave and buying a hot dog and a Coke for something like a dollar at lunch time.

We humans have an incredible ability to adapt.  Sure, we feel the shock of a new challenge deep in our gut at first.  We’ll wonder how in the world we’re going to deal with this new set of problems.  But, give us a little time, and we have what it takes to not only adapt, but to overcome.

The only question is whether we choose to adapt.

It’s our choice.

We decide whether we’ll dive into the cold waves and paddle out, or retreat to the warm safety of the beach.

The beach may be safe, but the waves we’re trying to catch are out in the water.

Time to dive in and start paddling.

Photo Credit:  That’s our grandson, Charlie.  He’s riding his first wave on a boogie board, at Beach 69 on the Big Island, a few weeks ago.  He turns 4 this weekend.  Cowabunga, Charlie!

 

Anything You Write…

“Anything you write can be fixed, except for the pristine perfection of the blank page.” –Neil Gaiman

Our future is the ultimate blank page.  The cursor blinks patiently, endlessly.  Waiting for us to write something.

That cursor doesn’t care what we’ve written in the past.  It doesn’t really care what we’ll write in the future.  Still it blinks…waiting.

Writers sometimes talk about writer’s block.  The intimidating view of a blank page that beckons them to write something…anything.

I agree with Seth Godin, that there’s no such thing as writer’s block.  Rather, there’s fear that what I’m writing won’t be as perfect as I want it to be.  It won’t be accepted by my readers.  It may be shunned, castigated, or otherwise flamed by someone I don’t even know.

So, my lizard brain protects me by making sure I don’t write a thing.

The same is true in life.  What we write into our life today may not be perfect.  It may not make sense to anyone.  It may be wrong.

That’s okay.  As Mr. Gaiman says, we can fix it.

Today’s page will be written, whether we do the writing or not.

What will you write today?

 

Photo Credit:  Bob’s computer screen before and after writing this post

 

The Dodge

Here’s a paradox about productivity:

I’m often most productive when dodging the thing I’m supposed to be doing.

I always know when I’m avoiding a task, even if tell myself I’m not.  That task that seems undoable, requires multiple synchronized steps, requires difficult decisions, involves lots of other people who may not be “on board,” or the task with a nebulous benefit way out in the future.

It’s easy to dodge these challenging tasks and focus on the simple stuff.  That list of to-dos I can knock out in an afternoon.

I know I’m not doing the tough thing, but at least I’m being productive.  Nobody can accuse me of being lazy if I just keep moving.

This is the curse of staying busy, while not accomplishing anything.

I can dodge all I want.  I can tell myself stories to justify my delay.

It doesn’t matter, the tough task will still be there, waiting.

Here’s another paradox:

When I finally face the tough task, the one I’ve been avoiding, it usually starts to look a lot easier.  The next indicated steps begin to show themselves.  The unwieldy becomes doable.

The dodge makes the tough task appear bigger than it really is.

It comes down to fear.  Fear of the unknown.  Fear of the difficult.  Fear of embarrassment.  Fear of failure.  Fear of success (yes, this is a thing).

What if this task is harder than I imagined?  What if it owns me?  What if I can’t do it?  What if someone sees me fail?

The answer to all these questions is, “So what.  Get started anyway.  Stop dodging and start doing.”

“Knowing what to do is very, very different than actually doing it.” – Seth Godin

Photo by Glenn Carstens-Peters on Unsplash

 

 

 

Iteration is Everything

Iteration knows none of us know.

Iteration recognizes our first try isn’t our only try.

Iteration feeds innovation.

Iteration is fueled by our commitment.

Iteration is the only path to knowing.

Iteration overcomes our Resistance.

Iteration makes the mysterious familiar.

Iteration makes the impossible possible.

Iteration makes mistakes.

Iteration requires failure to find success.

Iteration sheds light on the darkness we fear.

Iteration is the journey to greater understanding.

Iteration always gives us another try.  The question is:  Do we have the courage to try again?

 

Photo by Tommy Lisbin on Unsplash

 

 

The Book on Pushups

Surely, reading a book on pushups is the best way to learn how to do them.

The proper techniques.  The most effective forms.

When should you do your pushups?  How often each week?

While doing your pushups, what should your mind be doing?

What’s the proper number of pushups per set?  How many sets should you do?

What are all the available variations of pushups?

Why should you do pushups in the first place?

Are there any risks associated with doing pushups?  What about the rewards?

What if the author also provides weekly blog posts and podcasts about pushups…or YouTube videos of people doing pushups?

All of this is helpful. None will match what you learn by doing your first pushup.

That first one will be awkward.  It’ll shock your system.  It’ll be much harder than you imagined after seeing all those happy people doing them on YouTube.

Your technique will be terrible.  Your body will scream in protest.  Your wrists will ache, your shoulders will burn, you’ll probably feel muscles in your lower back you haven’t felt in a while.

Now that you’ve done that first one, what about the next ten?  The next hundred?  Will you make this a habit?  Will you do pushups every day, every-other-day?

Maybe you’ll decide they’re too hard and just skip them altogether…

It’s the same with most things in life.  Reading about it, talking about it, or watching it provide only one dimension of understanding.

Doing is an entirely different thing.

Doing brings the risk of failure, the risk of embarrassment.

Doing requires discipline and endurance for the journey you’ve chosen.

Doing requires personal drive and motivation to push through the awkward (and sometimes painful) beginning.

It’s easy to sit on the sidelines of life, casually watching and listening to what everyone else is doing.  But, the most important choice each of us can make is the choice to step into the game.

Step in and do the thing you’ve been watching.

It’s the only way to truly learn.

 

Photo by Lopez Robin on Unsplash

 

Never Hit on 13!

“Son, I’d just stay on that if I were you.  Your job is to make the dealer bust.  We’re countin’ on you to get this right.”

My new “mentor” spoke with a confidence borne of the many decades of experience showing on his weathered face.

I didn’t realize it, but the open seat I filled at the Blackjack table was the third-base seat.  That meant I was the last player to get cards before the dealer.

He continued, since he must have figured this young fella sitting next to him could use some more of his wisdom.  He could tell this was my first time playing Blackjack in Vegas.  “If the dealer has a six or less, you make sure she gets the 10 card that’s sittin’ in that shoe.  Do you realize how many 10 cards there are in that thing?  Each one is a bust card for her.”

I hadn’t thought of it that way until he mentioned it.  There are a ton of 10 cards in each deck…16 to be exact.  And, if you add in the 8’s and 9’s, which are also bust cards for the dealer if she has a 14 or higher, that’s 24 cards out of 52 that are bust cards (nearly half).

I couldn’t believe I should stay on 13.  The dealer was showing a 2 of clubs.

Two people had already hit and busted.  My mentor’s wife stayed with her 18.  My mentor stayed with his 20.  Now all eyes were on me and my 13.

My $5 chip wasn’t the only money at risk.  My mentor and his wife each had $25 chips up and they were counting on me to make the right choice.

Sure, there’s a bunch of 10 cards in there, but there’s also a bunch of non-10 cards.  And, the dealer may have a 9 facing down, so that’s 11.  A sure path to 21 and a rousing defeat for everyone at the table.

13 seemed a long way from 21 and not a very powerful way to win.  It sure would be great if I drew a 7 or an 8 and could defend against the dealer’s next hit card.

What to do?

My new mentor could sense my quandary.  He could see that this newbie had no idea how this game was played.  “Son, remember your job. Make her bust.”

I decided to stay on my 13.  The dealer turned over her down card.  It was a King.  She had 12.  She hit and pulled a 10.  Bust!

“Are you gonna let that $10 ride?  Seems like you have the hang of that seat.  Time to see what it can do for ya.”

Another decision.  I looked at the other players and saw them putting up their new chips.  My mentor and his wife were letting their $50 ride.

I left my chips up and waited for my cards.  This time, the cards were in my favor and I had 20.  My mentor had 12, and his wife had 17.  The dealer was showing a 6.

“Looks like I’m in the third-base seat for this hand, since you’ve got a 20,” he said as he motioned that he’d be staying.  I followed suit and stayed with my 20.

The dealer turned over her down card to reveal a Queen.  She had 16 and was required to hit.  Another Queen showed up.  Dealer bust, again!

This “13 strategy” was showing some strength.

“Are you gonna let that ride again?”

Feeling a bit more comfortable with my situation, it was an easy decision to let my $20 ride for the next hand.  Mr. Mentor and his wife let their $100 ride.  They were on a roll!

This was more than I’d ever bet in Vegas.  A whole $20!  And my new friends each had $100 on the line!  I could feel my heartbeat racing as the cards were dealt.

My mentor’s wife received a pair of Aces. My mentor had 17.  I had 12.  The dealer was showing a 4.  This was a perfect setup for my new-found strategy.

The first two players each hit on their hands and received low cards.  Both were still in and stayed.  My mentor’s wife split her Aces and placed a new $100 chip on the table.  The next card was an 8.  She stayed with that hand.  Her other Ace received a 10.  Blackjack!  The dealer paid her $150 in chips for that hand and moved on to Mr. Mentor.  He stayed with his 17.

It was all up to me.  That’s when things went sideways.

I started obsessing on the number 7.  What if I stay and the dealer pulls a 7 out of the shoe?  That would give her 21 (this all assumes that her down card is a 10, of course).  If she gets a 21, she’d beat me and everyone else at the table.

But, if I got that 7, I’d have 19 and be sitting pretty against whatever she had.

Somehow, in the heat of that moment, I forgot about holding on 13 (or 12) if the dealer is showing a 6 or less.  I just knew that the next card was a 7.  That 7 was mine to take and I’d be saving the entire table from oblivion.

“Hit me!”

The dealer slid the card from the shoe.  The world started moving in slow-motion.  She slid the card over to my hand and turned it over.  It was a 10!  I busted.  There went my $20!

It gets worse.

The dealer turned over her down card to reveal a King.  She had 14 and was required to hit.  You guessed it.  That 7 card came up for her.  She now had 21.

I had snatched defeat from the jaws of victory for myself and my fellow players.  That 10 that I took should have busted the dealer, but it busted me and then everyone else at the table.

Ashamed, I looked at my fellow players, shaking my head and saying I was sorry for blowing it for them.  Here was a group of strangers I’d only met a few minutes earlier and I’d let each of them down.

My mentor didn’t miss a beat.  He tossed another $25 chip on the table and said, “Those cards don’t care about you.  They don’t get nervous.  They don’t care what happens.  They play by their rules and that’s it.  You knew your rules and ignored them…and that’s how this casino was built.  You’re not the only one who forgets his rules when it matters most.”

I learned the importance of knowing my rules and playing by them.  Every time.  In every situation.

I don’t go to Vegas often.  Whenever I go, I find time to play Blackjack, always from the third-base seat.

 

Note:  The preceding may or may not have happened exactly as described.  Either way, the lesson is clear.  Rules matter…especially your rules.  Know your rules before you play.  Play by your rules when you play.  Don’t lose sight of your rules when things get rough or when things look hopeless.  If you stay true to your rules, you’ll win far more often than you lose.

Photo by Michał Parzuchowski on Unsplash