I just completed participating in a 3-day Leadership, Entrepreneurship, Innovation and Power conference produced by The Aji Network. This was our 2nd conference on working and deepening the distinctions and practices for top 1% business and career planning. I am continually appreciative of the rigor and depth of discursive help I get from The Aji Network–help that enables me to increase the velocity of my thinking and acting to fulfill my personal ambitions and business mission.
For me, this conference was timely for the evolution of new strategies I've been working on for the past few months. I help CEOs/principal owners constitute, build and monetize private enterprises with targeted outcomes normally in the $10 million to $100 million range. One strategy for 2013-14 is to locate a satisfactory private company in which to acquire a controlling interest. We welcome introductions to companies with operating earnings of approximately $1 million that are either within the Boise, Idaho metro area or could be moved to this geography.
One of my new actions (resultant from the conference) is a commitment to shape my commitments to be more coherent with my intentions and strategies for the coming period (approximately 3 years). Since relocating our headquarters to the Boise area about 2 years ago, I've intentionally been very open to new relationships and new possibilities, building my local network and learning the local economy to see where we can invest most successfully. Now that my strategies are clear and I'm completing the planning, it's time to eliminate commitments I have that produce insufficient return. I find myself in this situation periodically–I have commitments, relationships and/or practices that no longer produce sufficient return as a result of shifts in my strategy, my situation, the environment, the market forces, etc.
Our time is finite, both the time we have for work each day/week/month, and the timeline we have to fulfill our ambition. All of us will age, encounter increasing challenges for competing and ultimately die. There are endless requests and offers that vie for our time and attention. I don't know about you, but I have way more things I would like to do or see I could produce a return from than I have capacity for execution.
Some questions for thinking about where I'm spending/investing my time:
- What relationships and practices are strategically valuable?
- How do I assess the return on my investment in these relationships and practices? What practice do I have or will I appropriate or invent?
- Should I increase or decrease my investment in the current relationships and practices? If so, what actions will I take?
- Do I have sufficient strategic help?
- How do I know?
- If not, what actions will I constitute to increase my strategic help?
- What relationships and practices are tactically valuable?
- Do I have sufficient tactical help?
- How do I know?
- If not, what actions will I constitute to increase my tactical help?
- What am I habitually doing that, on reflection, isn't sufficiently valuable for my ambition? Think about any recurring meetings, get-togethers, etc. that are part of your work.
- Are my practices for taking care of my body and for competitive learning sufficient? Where will I improve these practices?
Design and Act
After reflection and assessment, specify what you will stop, what you will modify and what you will start. Put actions into your calendar and the other existence systems you use for making and managing commitments. Act with your commitments, including noticing where you fail and starting over.
Diligence is the mother of good luck. Benjamin Franklin
One of the actions I'm taking is to modify my practices for writing this blog. Rather than hold a schedule as I have, I will write when I have a concern or issue where writing for a public audience helps clarify my thinking, or when I feel compelled to offer assessments or interpretations.
Best wishes with your reshaping.
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Image Credit: Flickr User/comprock