There are two kinds of people; value creators and value extractors. Your career success will largely depend on your skill at either of these two things. Value extractors prefer an environment where value is already being created, while value creators look for areas of maximum opportunity. While value extractors seek stable careers, value creators seek to build up organizations rather than work within them. You need to decide if you are a value creator or extractor, commit to one or the other, and never look back.
In this article, Harrison explains how everyday experiences provide profound lessons as well as a solid and rich foundation for your future. With every passing moment, a new lesson is learnt. Smart people are those who analyze past experience, the things that did or did not work for them and then go on to make the right choices. There is a wealth of learning associated with your past and you should use it smartly to help you set a stage for what you can do differently tomorrow.
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Charles T. Munger is the vice-chairman of Berkshire Hathaway. He gave three separate talks ranging from about 20 to 23 years ago. These were combined...
You need to constantly broadcast your value in your current job; make sure that your bosses are aware of what you are doing and the value you are providing them. Your supervisor or potential employer wants to know what you bring to their organization. In order to accomplish this, work behind the scenes and make sure your boss is aware of everything you do!
Your skills and abilities merit profound appreciation; you must therefore place yourself in an environment where you will be so appreciated, and not subject to the negative opinions of others. People tend to believe the negative information that they hear about themselves. A work situation where you are unappreciated will tax your two greatest assets, your self-worth and your sanity.
Many people fall prey to the false attractiveness of the ego, allowing it to dominate their lives and hinder their progress. To conquer your ego you must establish a sense of what is and is not correct, and introduce discipline to your business and personal lives. This means your work will result from true effort rather than cutting corners, and you will be respected for the ethics that govern your actions.
Only take on more responsibility when you are ready for it. While it is fine to try new things, you must have a clear understanding of the challenges ahead of you; otherwise, you are likely to get into trouble when you step outside of your comfort zone. Do not get ahead of yourself and take on work of which you are not capable in your drive for success, or you risk sabotaging all of the hard work you have already invested.
When I was an attorney, I stopped going out to lunch with other attorneys during the day. The reason was not that I was not hungry. Instead, I stopped going out to lunch because just about everyone I worked with would want to dedicate the lunch to a critique—whether it was critiquing our bosses, coworkers, or others. When these people were not being critiqued, the job itself was being critiqued. When the job was not being critiqued, the attorney’s home life was being critiqued.
Russell Conwell’s fantastic Acres of Diamonds speech argues that the means for success do not require extensive searching, but are all around us. Opportunity is everywhere if you know where to look. Many times we miss opportunities that are right in front of us because we are looking in the wrong places.
Change is the most beneficial thing that can happen to you; starting from scratch gives you the opportunity rebuild your life and career in the manner you see fit. You must find where there is upward movement and opportunities are being created, and ensure that your own structures and ways of operating are effective and relevant to you. Orient your life towards happiness and growth in everything you do.
In this article Harrison explains how you can ensure success in your career by externalizing your opponents. Your job is like a game; if you work hard, play by the rules of the company and are seen as part of the team you will be viewed as a valuable player for the company. The most significant part of any game is the presence of an opponent. Don’t look for an opponent among your co-workers. Never speak negatively of your team members. Instead, concentrate on the external opponents. External opponents bring you and the team closer as you work towards a common goal. In order for you and your company to succeed it is important to have an external opponent. Harrison advises people to consistently work hard and not participate in the politics. This is a sure way to score big in your career.
True self-esteem comes from within, not from the acceptance of others. When your sense of worth comes from within, you free yourself from comparisons with others and will enjoy a greater sense of internal security. You will no longer be bogged down by the experiences of others and can become much more self-reliant.
Your greatest successes will come from some of the smallest actions in terms of meeting people. You will cause a “stacking effect” the more you meet and connect with people; conversely, people cannot connect with you when you are withdrawn and nothing will happen. You must do everything in your power to connect with as many people as possible.
A powerful sense of self will make all the difference in your life. You must understand that your sense of yourself and your capabilities come from inside of you, not from the external forces that have brought you to your current place in life. What you feel internally might be completely different from what the world is telling you, and you must learn to focus on the former rather than the latter.
Adopting a positive attitude will always bring you closer to success, as nobody wants to be associated with a losing side. Everyone wants to associate with and hire winners, and avoids losers. Nothing is more important than maintaining a positive attitude, as many employers hire people based primarily on attitude; with the right attitude, everything else will fall into place. You must look like you are on the winning team, even if times are tough; nobody wants to hire a loser.
Everyone tries to maintain a certain emotional state, and learning to control your own emotions will have a profound impact on your career. While everyone allows their emotional states to be influenced by outside events, there is no advantage in basing your own emotions on things that you cannot control. Allow yourself to discover happiness and fulfillment naturally, rather than making your emotions dependant on external circumstances. Your outlook will have a tremendous impact on your psychological health, as well as that of those around you.
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