Recently, I got introduced to the idea of designing my ideal week. Some of you may have heard of the “Design Your Ideal Day” exercise but this is an entire week and it’s heavily focused on your career.
I went into the exercise with a relatively low expectation as to the results it would produce in my own career.
The power of intention.
The reason I fell upon this powerful exercise was that a recruiter asked me to list the Top 10 Companies I’d like to work for as either a contractor or employee – or even as a collaboration.
Again, I thought this exercise was dumb, but I’ve adopted the mindset to always try new things and see where they lead.
I wrote down my list of top ten companies and for the last five years there has been one name that’s been at the top of the list. This company was the reason I changed my life and they are responsible for my obsession with personal development.
Once I committed this list in writing and sent it to my recruiter, it made everything clearer.
What happened next was where the surprise came: The owner of the company that was at the top of the list reached out to me on LinkedIn.
I mean WTF. How does that happen? It’s called the power of intention.
“When you’re clear about what you want, things start to align”
The owner of this business then had several phone calls with me and eventually after a few weeks, flew to Melbourne to spend four hours with me.
At the end of the session, being a man who’s been surrounded by leaders in the personal development industry, he asked me to design my ideal week. I did what he said.
Start with putting aside a day.
The very thought of this exercise felt like a mammoth task. I sucked it up like the princess I can sometimes be and set aside a whole day. You can’t truly get into designing your life and career unless you put aside time.
I began the task at 8 am on a Friday and ideas and thoughts started to flow out of me. I was in a state of flow the entire day. I felt the passion oozing out of me and boy was it exciting!
“The artwork that is your life cannot be painted in an hour – you need significant chunks of time set aside to do what most are unprepared ever to do”
The nuts and bolts of designing a 7-day week.
Like all my advice I’m going to keep the How-To part dead simple.
- Open a blank Word Document
- Title the document “My Ideal Week”
- Set aside one page per day and start with Monday
- List all the tasks and habits you’ll be doing for each day (ensure career tasks are there too)
- Map out every task with a time next to it and include sleeping/eating too
That’s it! So freaking simple that a five-year-old could do it. We need to keep chatting about this though because there’s a few things to know before you begin the exercise.
If you’re trying to mimic similar results, you’ll need some inspiration as well.
This was a hack I learned from Ryan Holiday although I do it differently. Ryan advocates that you should listen to the same music over and over while you’re in a creative space and completing an exercise like this.
I tried is hack and it failed. Listening to the same soundtrack over and over gets boring for me and it becomes annoying quickly. What works for me is to go to YouTube and select an 8-hour long movie soundtrack playlist. There will be huge peaks and moment of near silence.
This type of music that is continually different allows you to reflect on your thoughts with a variety of different perspectives. Different types of music affect you differently.
Designing your ideal week requires emotion.
That’s one of the reasons for the music playing in the background. I also did another house clean out (yes I’m a crazy minimalist!) before beginning the exercise. There were letters from ex-girlfriends and reminders of past businesses that failed badly.
I chose to discard these items right before designing my ideal week (my new life) as a symbol that change is coming. My mind began to adopt the same thinking and triggered states of massive change in my physical being.
Completing a task that has the sole outcome of producing change needs emotion. Emotion moves you into action and gives you the energy you need to execute rather than procrastinate.
Empty space and procrastination are required.
Throughout the day of designing your ideal week, you’ll discover moments of empty space and procrastination. Tim Ferriss talks a lot on his podcast about the value of procrastination.
“I used to think procrastination was a disease until Tim Ferriss opened my eyes to the benefits”
As I designed my ideal week, I scheduled an hour on Saturdays for procrastination so I could stop feeling bad about it.
Procrastination and empty space are where ideas will come to you that you can add to your ideal week. It’s a beautiful thing procrastination.
Your habits will be revealed.
Habits and success are spoken about as being directly related all the time. I agree.
By designing your ideal week, you’ll see what you do consistently. There will be common themes.
During my day of designing my ideal week, I saw that blogging and health were key themes in my life. I realized at the end of the exercise that I could not live without either.
I even wrote a quote at the end of my ideal week document that said: “To not blog equals failure to me.” That’s how powerful it can be to write your days down in this format.
Where your time is spent can be difficult to see.
This exercise will allow you to clearly see where you’d like your time to be spent. After you’ve completed the exercise, you can compare the results with what your actual week looks like.
This incredible comparison will show you how your career is right now and where you’d like it to be. You’ll have a roadmap of exactly the differences of where you are today and where you want to be.
Epic isn’t it?
The separation between life and work should be blurred.
Your ideal week will have tasks that are related to your career and tasks that are outside of that area of your life. What I found so magical about this exercise is that by the time I had completed the seventh day, both my career and life seemed to blend into one.
What I was doing in my career was the same as what I wanted to do outside of my career. My vision to inspire the world through personal development and entrepreneurship is currently done outside of my career mostly.
In the new context of my ideal week, I could now see how the two could become one.
When the intersection of your career, life and passion comes together, that’s when you go on to experience the success you’ve always wanted.
That’s what it’s like to live your passion and jump out of bed.
Review 48 hours later
Upon completing the ideal week exercise, I want you to go back and review it 48-hours later. I want you to make any necessary changes to each day.
When I did this, I realized that I had left out date night with my girlfriend which is a key component to my week. In the rush of passion that comes from doing this exercise and the state of flow that you’ll be in, it’s easy to leave things out or forget items that matter to you.
Time to design your ideal week.
Everything I have just mapped out for you has the power to change not only your career but your life. This exercise is transformational – and it will give you a clear picture of what you want.
Half the battle is knowing what you want before you can go out and get it. I get so many emails from people that have all the so-called “Success Habits,” and I find the biggest challenge is knowing what your passion is, and what you actually want.
Enjoy designing your ideal week.
You only get one life and one career. It’s time to design it how you want it.
If you want to increase your productivity and learn some more valuable life hacks, then join my private mailing list on timdenning.net
The 6 Step Process for Delivering Critical Feedback in a Constructive Way
We have all been in the position where we knew we needed to have a difficult conversation at work that involved delivering constructive feedback. Maybe a major deadline was missed, there was a clear decline in performance, or someone blatantly dropped the ball. Most of us avoid delivering the feedback, and the conversation can get pushed back again and again, wasting valuable time and money.
Delivering constructive feedback is challenging, and uncomfortable for most people, even highly trained leaders. Yet, delivering and accepting feedback is one of the most important keys for success. So why do we avoid these conversations? Because we never learned how to have them.
Open, honest, direct communication is not a skill we are taught in school. There is no “How to Have Tough Conversations” 101. As a clinical psychologist that specializes in couples work, I see just how important communication is in maintaining thriving relationships. I understand that good communication is the foundation of every successful relationship; both intimate relationships and your work relationships.
Below is a 6-step guide to providing constructive feedback:
Step 1: Clarity on the Goal of the Conversation
The first step is to get clear on the goal of the feedback conversation. Are you planning to see a change in performance, simply communicate how you felt, or receive an apology? Get clear on what you are hoping to get out of the conversation. Be honest with yourself about what you need, what is most helpful to the relationship, and what is most helpful to the organization. Getting clear on the goal also ensures you are speaking with the right person.
“I think it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better.” – Elon Musk
Step 2: Invitation
Set up a time to talk. Feedback conversations are not meant to be had in the hallway. It is important that both parties can set aside adequate time and have the space needed for dialogue. Additionally, there must be respect for both parties’ need for time to process information. For example, if you are delivering feedback, and the receiver needs time to process the feedback before responding, setting up a subsequent meeting will be most helpful.
Step 3: Ownership
Own the role you played in creating the situation. When you model ownership of blind spots, failures, or missteps, you set the stage for the receiver to do the same. For example, you may acknowledge that you were not aware of how to support your employee and not aware of the problem until x situation occurred. Equally important as owning your role, is owning your emotions. Own your emotions using “I” statements. For example, “I felt disappointed when I realized your sales performance had substantially declined”.
Step 4: Open, Honest, Direct Feedback
Feedback that dances around the problem does not do anyone any good. It only increases anxiety on behalf of the receiver, and potentially causes the feedback to get totally lost. The conversation needs to be open, honest, and direct. For example: “I felt concerned when you did not attend the last two strategy calls this month…It brought up questions for me about your commitment to the company.”
Step 5: Listen, Validate and Accept
When providing feedback, it is important both parties maintain an open mind, and respond in a way that communicates validation and acceptance. As soon as an individual gets defensive, feedback cannot be taken in, and the value of the conversation dramatically decreases. When providing feedback it is important to listen, validate, and accept your receiver’s viewpoint. Notice, I did not say agree. This looks something like saying: “I can see why X led you to commit Y , I understand you were under a great deal of stress/dealing with a personal situation/frustrated.”
Step 6: A Clear Plan for Moving Forward
In providing feedback, the magic is that now things can change! If feedback is never given, relationships end, things will stay the same, businesses will die, and money will be lost. If you have gotten to this step, that means you did the hard work, and now you get to put change into action. A clear plan includes an acknowledgement from both parties regarding what they will do differently to prevent the situation from occurring again, and how they will stay accountable in making the change happen.
The good news about delivering feedback is that the more you do it, the easier it gets. Remember, giving and receiving feedback is one of the most surefire ways to open yourself up to massive growth.
As a giver of feedback, it is your job to model openness and a desire for growth, so that the receiver may take in the feedback and make the necessary changes. Exceling at feedback delivery will help you set you apart from others and enable you to achieve extraordinary relationships, in both your personal and work lives.
Here Are 4 Reasons Why You Should Have a Podcast, Youtube Channel or Online Show
Confidence comes from a place of strong understanding of self. After close to three years on radio, I’ve grown from a shy introvert to a shy introvert with an extrovert persona. When the mic is turned on, I can channel a version of myself that some say is attractive, strong, and of course, confident but it wasn’t always this way.
What I want to share with you is what I discovered on this journey into broadcast that you can apply to your life, your ventures, and your personal development. This doesn’t require any fancy gear. It does require a leap of faith on your part because once you go down the road of media; it can change your life.
1. Perceived Expertise
When you go to a doctor, you expect their knowledge will guide them to a solution to your problems. When you have a show, you become your listeners’ doctor. For all the multiple thousands, maybe millions, of YouTube channels, podcasts, and user-created content in the world, each person that gets behind a mic takes a position on their passion, their opinions, and their themes.
They challenge the status quo for the benefit of their listeners in hopes to entertain and educate. With consistency on your side, those fans place you on a platform and give you permission to influence them.
2. Global Acknowledgement
One of the benefits to increasing confidence is when you receive thank you notes from people you may never meet. The feeling of enriching someone’s life from halfway around the globe, provides validation you’re enhancing someone else’s life with your wisdom and your wit.
The very first time I was told I was making a difference in someone’s life in a country other than my own, I felt like I caused massive impact that transcends my circle of influence. When you experience just how much you can cause impact and it comes back to you, it’ll change your worldview.
“Be grateful for what you have and stop complaining – it bores everybody else, does you no good, and doesn’t solve any problems.” – Zig Ziglar
3. Backed By Numbers
One of the most exciting ways to measure success is to quantify your growth. It’s not enough to just broadcast. Having subscribers and downloads helps to know, numerically, how well you’re doing. Word of caution. This can be a way to set yourself up for distress because of number envy but if you understand what the numbers mean; you can control the narrative of the numbers.
The major number that makes most people smile is 10,000. I’d advise it to be 1. Here’s why. As you grow in your industry, so does your reach. If you learned that the one person that subscribed totally changed for the better because of you, wouldn’t that be worth the effort?
4. Effective Communication
While it’s not talked about much, having a show is documentation. You create a dynamic account of your life, your industry, and the pulse on what’s important simply by having a show. When you find a channel to improve your communication skills, you demand attention and people will listen to you. You become more trusted as a leader and people will follow you once they believe you can lead them to their wants and needs.
“To effectively communicate, we must realize that we are all different in the way we perceive the world and use this understanding as a guide to our communication with others.” – Tony Robbins
These insights have helped many people become leaders and, ultimately, move others to their best selves. It’s worked for me and I hope it works for you. At the end of the day, it’s all about showing up and showing out.
Have you ever thought about having a radio show? If so, what would you talk about? Let us below!
5 Essential Skills to Drive Success in Every Niche
There are many people who don’t have the courage to launch a business in a niche as they think they don’t have the right skills and experience to obtain success. While there are specific skills which determine the success in every niche, there are also some general skills which ensure success in any business you would try.
Below are 5 essential skills you need to drive success in every aspect of your life:
When you launch a new business, you need to be prepared for difficult moments such as fighting the competition and winning your target audience. Moreover, if you follow some successful entrepreneurs, you should keep in mind that they also faced difficulties and continue to experience them. So, how does a successful entrepreneur get over all the difficulties?
The essential skill you need to possess is called ambition. Set small and clear milestones in your development plan and use your ambition to go over each difficulty and finalize what you had in your mind. It doesn’t matter how hard the path is going to be. Visualize your target and put in all the efforts to achieve it. Staying organized and scheduling each step to get things done are some of the techniques you can use to achieve success.
2. Listen to those around you
While listening to your instincts is necessary if you want to be a successful entrepreneur, this is not enough. As your business develops, you will have an entire team to manage and lead to success. Therefore, you cannot be a successful leader and have success in every niche unless you learn how to listen to the people around you.
You should listen to your employees and discover what they are expecting from you. This is the way to follow if you want to keep your team motivated and help them give the best of themselves.
On the other hand, you will need to listen to your customers to improve your products and services and provide excellent customer support. By listening carefully to the voice of your customers, you will be able to stand out of the competition and ensure their loyalty towards your brand.
“We see our customers as invited guests to a party, and we are the hosts. It’s our job every day to make every important aspect of the customer experience a little bit better.” – Jeff Bezos
When you decided to become an entrepreneur and build your own business, it means you are a courageous person. Courage will help you harness the power of creativity. Don’t be afraid to take risks if you feel a specific action will bring more success to your business.
Apart from doing intensive research on your ideas and developing the exact steps you are going to follow, you will need the courage to implement them. Not all the ideas will turn out to be successful.
Regardless, you will have something to learn from each success or mistake and this will help you move your business even further. When you have the courage to follow a path which is not very familiar to you, this is going to be the moment when you will widen your horizons and exceed your limits to achieve success.
4. Creativity and imagination
If you already implemented your idea and you see that it works, you most probably think that you don’t need to change anything to achieve more success. You need to keep in mind that customers’ preferences change and your competition is waiting for your mistakes to “steal” your clients.
Therefore, you need to use your creativity and imagination to improve your products and services to meet your customers’ expectations. What is more, creativity can also mean that you are open to talk to new people and use their experience to improve something in your business.
“Get closer than ever to your customers. So close that you tell them what they need well before they realize it themselves.” – Steve Jobs
5. Continuous learning
If you want to drive success in every niche you will need to show a willingness to learn. You need to stay updated with what happens in your niche and what your customers expect from you.
Education is not only something for school. It is a lifelong process, and you should be open to seek knowledge and improve your skills with every opportunity. An efficient trick is to stay close to people who are already successful in your industry, ask their opinions on various subjects and learn from their experience.
The above five essential skills will help you build a successful business in every niche. A true leader is ambitious, knows to listen to the people around him, and is always open to learning from others.
No matter the size of your business, you will need to be creative and use your imagination to improve your products and services. These skills will help any leader develop new skills, stand out of the crowd, and strengthen his position on the market.
What skill do you think is most important to be successful in life? Let us know below!
5 Key Investment Principles from Warren Buffett
Warren Buffett is a mentor for a lot of traders. Why shouldn’t he be? After all, his investing principles have earned him the title of the world’s greatest investor. His way of working is a little contradictory to many others in the arena of online trading. He doesn’t invest the way it’s depicted in the popular media. He is the kind of investor who likes buying and holding.
Buffett has taught us that once you buy a stock, hold it no matter what. Forget that there is a recession in the economy or it is at its boom. Whether it’s good times or bad, you’re supposed to hold onto the stock.
Buffett doesn’t just buy stocks for the sake of holding them. He buys them for a specific reason. When those reasons no longer exist, he sells the stocks. He not only looks for good prices but sound management and a competitive advantage. He shared his opinion that companies such as IBM, Sears, and GM are great but they cannot stay competitive for long. Therefore, these companies shouldn’t be a part of your portfolio.
Why not learn from the pro himself and invest the right way? Here are 5 key principles to begin with:
1. Invest In What You Know
Before investing in a stock, it is very important to understand what a company does and how it makes its money. Ever wondered why Buffett has always avoided investing in tech stocks? It’s because he does not completely understand their business model. He sticks to what he knows.
This also explains why he prefers investing in Berkshire’s stocks. It represents a diverse mix of stocks such as utilities, banking, and insurance and consumer products. All of these are businesses that Buffett understands very well. No wonder he has invested a significant amount of money here.
“Beware the investment activity that produces applause; the great moves are usually greeted by yawns.” – Warren Buffett
2. Before Buying a Stock, List the Criteria
It makes sense to buy stocks on the basis of criteria, right? After all, you’re ensuring that you don’t end up investing in something unfavorable. You could be searching for stocks in a certain industry with a set price to earnings ratio.
Buffett never makes the price of the stock the sole criteria of his buying decision. Sometimes, great companies end up taking a price dip because of the market situation. However, holding onto these stocks could still turn out to be favorable.
3. Be Aggressive During Tough Times
Generally, it’s not recommended to time the market. But if you’re a long-term investor, you’ll be fine no matter when you buy. This means that even during the tough economic times, you shouldn’t settle down. Keep on looking for opportunities. This is what Warren Buffett does because he knows that things will eventually turn around.
Buffett is known for capitalizing on opportunities during and after the great recession. Bank of America investment is one of the best examples of this. In his latest annual letter, Buffett said that “dark clouds will fill the sky almost after every decade. But it certainly will rain gold.” So don’t despair, keep on investing.
4. Don’t Worry About the Day to Day Market Movements
Along with other tips, Buffett also said that you must only buy a stock if you are comfortable holding on to it in case the stock market shuts down for a decade. Since you are holding onto the stocks for 10 or more years, there is no point in losing sleep over the minor swings.
Ignore the headlines about the trade wars, the government shutdown, and other chaotic news. Instead, you focus on learning the potential growth of your company over the course of time. The fact is, stock prices keep on changing, but it’s not significant if the company’s business still has a bright future.
“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” – Warren Buffett
5. Buy Buffett’s Stocks
Buffett keeps everything simple when it comes to investing. If you don’t want to do the guesswork and research to figure out which stocks to buy, simply invest in the stocks Buffett already owns. But, make sure you understand the business. Buffett discloses his holdings publically each quarter. He has capital in companies such as Wells Fargo, Apple, and Bank of America. To keep things simple, you can buy the shares of Berkshire Hathaway itself.
Warren Buffett hasn’t been successful all by himself. He has a team of investors who help him do legal work and give him investment tips. He’s also a part of an advisor network because he understands that an investor needs all the help he can get. It’s amazing that a billionaire like him still listens to others.
Now that you know how to invest like Buffett, it’s time you prepare your investment strategy. These principles are not hard and fast criteria, they are simply a discipline strategy all investors should stick to. Along with these, you can use math, technical analysis, fundamental analysis, and even stock charts to make a decision. You may not end up a billionaire, but you will avoid losses and make more profits than your fellows.
Which one of the 5 key investment principles from above resonated with you most? Let us know below!
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