Personal Profitability….why it’s so important

So I recently got to participate on a panel for women…and I clearly represented the “older, wiser (allegedly), retired” demographic. The question I got was “Was there any one decision which really changed my life?”

So I know people were expecting me to talk about a decision about taking a job, turning down a job. I talked about the decision to become financially independent…which no one really talks about in the context of your career.

The fact is that one of the key goals of working is to be able to support yourself when you are no longer working.  No one really talks about that….they talk about moving up the ladder, how to be better at what you do. But ultimately, this is one of the key goals. For me, it was THE goal.

So what are some of my lessons learned?

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Should I Stay or Should I Go?

Lately, it seems I’ve been talking to more people who are really frustrated at work…a mix of being on projects that are going nowhere, lack of accountability for missed dates or incompetence, fatigue at “flat is the new up” as a way to justify no increases in years of clear inflation. So, some lessons learned on the age old question we all face during our career: “should I stay or should I go?”

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Needs

I read something interesting where a well known financial expert said “Spend what you need, not what you can afford.”  That resonated with me.  There’s a lot that’s been published about wants and needs. A lot of financial experts talk about the importance of distinguishing the two….take care of your needs first.  But how do you distinguish on wants?   So this twist caught my interest.

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Is the Project in Trouble?

So one thing I should say…..if the project has been in trouble for a LONG time, over budget, multiple re-planning, role changes….there’s not a whole lot you’ll be able to do as an individual. It’s a situation where everyone likely knows the truth, it’s just a question of how best to extricate the organization with the least amount of damage possible. And that tends to be a decision made very much over our pay grade. But what do you do to prevent it from happening or course-correcting?

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The Lightbulb

I’ve started an assignment and it’s an interesting one where I’m coaching/advising and explaining best practices based on my experience as a COO. In those situations, it’s sometimes hard to tell whether or not your audience is 1) being polite, 2) secretly bored and planning what they’re going to eat for dinner, or 3) quietly resentful because they have lots of other things they could be doing. Continue reading →

Buzzword Pet Peeve

It’s been a long time….but this article caught my eye.  The article, written by Stephen Day for Entrepreneur is:  “Stop Using ‘Digital Transformation’ to Describe Your Business. This Meaningless Buzzword Fails To Spotlight Your Company’s Biggest Asset.”

So one of my big pet peeves is when it’s hard to understand what something means. I am not the most patient person in the world, so if I see something, I want to understand the meaning right away.  So one phrase that I dislike is “digital transformation”.  Continue reading →

Create your Own Best In Class Templates

The reality is that once you’ve created a standard template, which is well thought out and constructed, you probably don’t need to do much more to it.

The problem comes up when you don’t have a standard…and you’re reinventing the wheel every time you sit down to do the task…which repeats itself over and over again. Think about things like a new project funding request, a post mortem on a problem, a monthly update you know you need to do to present to your boss/seniors.

While no one likes doing these types of tasks, a couple of lessons learned which really helped me….

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