Josh Richards "jrichard"

Well, I finally broke down. I hired Sandy and the fact that I can call her anytime with my speed dial is amazing, though it's still taking some adjustment to get used to not having to do it all by myself. She makes sure I don't forget to do things, reminds me about appointments, looks up information for me, calls ahead to let folks know I'm on my way or running late, and jots down thoughts and ideas that occur to me while I'm out and about away from my computer. Oh, and because she gets along well with others, there are endless possibilities to improve how I work. If this trial continues to be so promising, and thus I decide to keep her around, I just hope I can continue to afford her along with the tools she needs to do her job.

-jr

Are WE Holding Ourselves Back?

(This is a draft of an informal essay I wrote today. Figured this would be a good place to post it and garner some feedback). A brief excerpt:

"Often we're concerned about failure. The great irony about the perception most humans have about taking risks and failing is that it nearly insures that most of us will, in fact, have the greatest failure of all: never seeing our most fruitful ideas turned into reality and achieving our most important goals in life. Our built in risk aversion is really, quite ironically, our greatest risk of all. A wolf in sheep's clothing."

"The truth is that most of us can handle far more “risk” than we currently do. On the other hand, we could do with a lot less of the risks we do chose to take on...."

Most of us are capable of far more than we give ourselves credit for. Fortunately, we are the only ones holding ourselves back.

Usually due to a combination of starting something worthwhile but not finishing it and coming up with a good idea but not doing anything about it (taking action), we stand still or, at best, make very very slow progress. Thus, at best, even if we make some progress towards our goals we still do not end up actually passing the goal line.

Often we're concerned about failure. The great irony about the perception most humans have about taking risks and failing is that it nearly insures that most of us will, in fact, have the greatest failure of all: never seeing our most fruitful ideas turned into reality and achieving our most important goals in life. Our built in risk aversion is really, quite ironically, our greatest risk of all. A wolf in sheep's clothing.

Our perception of the risks of most failures are outlandish. While there are certainly some things that are risky enough they could, say, kill us outright, most failures are far less dramatic. Some types of failures can be quite stressful to be sure. Some may even shorten our lives by a few years (due to the stress, though even a bit of short-term stress can sometimes be worth it if it makes the remaining years that much more satisfying). But nowhere near the percentage we think -- of “risky ideas” that we all come up with in our day to day lives -- are even half as horrifying in impact, if we were to take action and fail, as we might convince ourselves they are.

Our comfort zones hold us back. However nearly all good things that come to us, arise from somewhere outside of our comfort zones. Taking on our first real job. Driving for the first time. Taking an entrance or certification exam for a college program, to teach, or some other program we want to pursue to push our careers forward. Marrying for love. Having our first child. Flying for the first time. Learning to swim. Passing a difficult test that forced us to really learn the subject matter rather than simply memorizing a few key concepts. Learning to take our first step (though most of us will lack firsthand memory on this one). Asking someone attractive (in whatever way you deem important) out on a date or even simply for coffee. Starting a blog and posting our real thoughts, opinions, and ideas out there for the world to yell back that we're wrong. :)

While each of these can be stressful in the moment, that feeling soon subsides (especially with practice and time). Without these stretches, life would be so boring and, well, lifeless. We grow, becoming more comfortable in our new terrain. When viewed with a receptive mind, we even learn a lot from our failures.

Nearly all “firsts” in our lives are outside of our comfort zone. In fact, some of them may even be far more realistically life threatening than the other ideas and opportunities that we chose not to take action on. So much for our built-in perceived versus real risks radars.

When I was starting my most recent consulting business I knew there was a good chance that cash would get a little tight for a while. Since I knew that was a high probability outcome along the way towards my goals, I could plan to address it. I could take some actions to handle the looming issue and I could think through some of the options I'd have, depending on how bad things got when the time came. To me, that wasn't really a risk. I trusted myself and thought my way through it. There are few situations in life where we have absolutely no options. It wasn't that I didn't worry about having money to pay the rent and buy food. It wasn't that it didn't stress me out. It was more that the real risks that scared me more than the others were the things that I might have fail(ed) to anticipate and plan. To a certain extent, the ones entirely (or mostly) outside of my control, were a big deal but, again, it's all about having options. As long as I was confident I'd have options, the number of real risks in my world quickly shrunk and became manageable.

The truth is that most of us can handle far more “risk” than we currently do. On the other hand, we could do with a lot less of the risks we do chose to take on....

Our perceptions that result in us not taking on risks that we should while continuing to do things that we shouldn't are even more humorous when considered in another light. I got my first credit card when I was eighteen. It was an American Express. A Mastercard soon followed. At first, I had the money so it really wasn't a big deal. Then I left my comfy job to try my hand as a pseudo-partner in a friend's business venture. That fizzled out. I had some savings from a well timed stock option sell-out. It didn't take long to burn through that. After all, I'd gotten used to a pretty good salary (even if I hadn't been only eighteen at the time). I temporarily struck out on my own (consulting without any specific plan other than to explore new business opportunities) and then, a short time later, became a partner in another new business venture. Well, my financial situation changed quite a bit over that time period. And, like many early entrepreneurs without a solid win under their belts, my partners and I didn't pay ourselves much since we were in start-up mode. But, hey, I didn't have to change my lifestyle – I still had all those credit cards, right?

Give nearly anyone a few dollars and they'll have no problem finding a way to spend it to get something they need (let's not worry about the distinction between need and want for today). Now combine that with easy access to credit (credit cards and home equity loans are the most common current incarnations). Coupled with the basic desires that we all have to please ourselves, get a bit of instant gratification from time to time, and reward ourselves for a job well done or some ill we suffered that day, and our perceptions of risk go out the door.

Suddenly we're no longer thinking about how we'll afford to pay off that large credit card balance next month, how much extra we'll really have paid for today's little indiscretion due to the compounding interest we'll have paid before the balance is gone months or years down the road, and, worse in my mind, the opportunity cost that slowly at first and incrementally over time builds up until we have convinced ourselves that we “just don't have the money to do whatever we want”.

We want everything now so much that we put ourselves in a permanent position of never actually getting what we want. Irony can hurt, especially when it's wired into the standard operating procedure of our brains. It's a bit like the inverse of “wanting to have our cake and eat it too”. We use perceived risks as excuses not to do the things we really should if we actually want to achieve our goals. And we toss out the real matter-of-fact risks when it comes to acquiring the things we could probably do without for just a bit longer. If only... If only...

“I want it now, the future be damned!” Don't get me wrong. There's a time and a place for this attitude – it can be what gets us through some days. We're all human and I doubt we're supposed to be perfect all the time. Besides it's no fun to be perfect. The problem is recognizing when it has become a habit, a regular occurrence, and something that we keep doing even while making excuses about not doing the things we know we really should. (Sadly it can become a feedback loop unto itself, it almost being worse if we are aware that this is what is going on but don't have the strength left to pull oneself out of it so we feed the indiscretion monster more to get through each day and it gets worse -- so watch out!)

While we can be our own worst enemies, remember that is a good thing as well. It means it's under our control. While it's not easy to fight what is hard wired into our own brains, it can be easier than many other battles we participate in outside of ourselves. It's certainly a more important (and probably much more effective) fight. I challenge you:

1. What is one really attractive goal you have?
   
2. What step, or even steps if you are really on it, have you taken in the last day to get you there?
   
3. What about in the last week?
   
4. The last month?
   
5. The last year?
   
6. The last decade?
   
7. Don't beat yourself up over the answers to #2-#6. More importantly, what are you going to do TODAY?
   
8. Now, to make it a little easier to stay on the ball tomorrow with your new ambition, what is something you can do tomorrow as well?
   
9. And the next day?
   
10. And the next?
    
11. Good work --- keep it up! Momentum has a tendency of building, even from nearly nothing. You'll be there in seemingly no time if you keep it up. But you do have to START somewhere. Get moving. NOW.
    

-jr