Gran parte de las dificultades por las que atraviesa el mundo se debe a que los ignorantes están completamente seguros, y los inteligentes llenos de dudas.
lunes, 4 de agosto de 2014
How Much Do I Need to Save Before Quitting My Job?
Most experts say you should have at least 3-6 months worth of your monthly expenses saved in the bank. But that’s generally based on the fact that you still have a consistent paycheck coming in each month.
Are you confused when you think, “How much money should I save before quitting my job to branch pursue other opportunities?”
Don’t worry, here are 3 vital questions to ask before you quit your job.
Are you the breadwinner?
If you’re the one who brings home the bacon, you’ll have to save a large portion of your income to ensure you and your family will be well taken care of in the months to come. As a single-income family with you as the main provider, the burden of the finances falls on you.
If you quit your job, you have even more responsibility, so the more money you save in advance, the better off you’ll be. One thing to determine is how long it will take for you to bounce back from an unsuccessful business, or if you’re not able to find a new job quickly.
For example; if you estimate you need at least 3 months to allot for finding clients, job search time, interviewing, hiring, and payroll/invoicing processing, then make sure you have at least that much saved in an emergency fund before quitting.
Do you have a bare bones budget?
In other words, what’s the absolute minimum amount of money you need to make to pay all the bills and keep yourself afloat each month? I call this my bare-bones budget. In the event I have a low income month, or get sick and can’t work, I feel comfortable knowing that if I can at least make this certain amount, I’ll still be able to put food on the table and keep the lights on.
Here are the top things to factor into your bare bones budget (or baseline of expenses):
• Housing costs/rent
• Auto expenses, including loans
• Utilities, including lights, water, gas
• Cell phone, internet
• Groceries, food and household items
• Health insurance/medical
• Other misc. essentials
At the very least you should review your budget and find out what your lowest dollar amount is that you need to survive, then times that figure by at least 3 to give yourself enough time to recover from the circumstance.
Are you prepared to face reality?
In a perfect world, you want to give yourself a cushion of at least one year of expenses. But sometimes life happens and doesn’t always go as planned. When I was in the midst of planning my big leap to quit my job and start my own business, my plan was to save $10,000 in a business fund as a cushion (or 5 months of expenses).
But I was only able to save about half of that when a family member was diagnosed with cancer and my husband (who’s an only child) was called in to take care of her. We both quit our jobs and had to move to a new state within a month.
You can’t always plan for everything, and sometimes you need to make what you have work. It takes a lot of hustle, hard work and dedication, but even if you don’t quite reach your goal, be flexible and have faith that it will work out.
So how much money should you save before quitting your job?
Well, since finances aren’t a one-size-fits-all type of thing, it really depends on what you and your family need. But a good rule of thumb is anywhere from 3-8 months, to even a whole year of savings to cover your expenses during this time frame.
Three months is a relatively good amount of time to recover from any financial emergencies and personal issues. But if you feel that you’re better off with six, or eight or even 10 months of savings, then shoot for that. You’ll likely land on or near your goal!
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Un llamamiento por la paz
4 Ways To Retrain Your Brain To Handle Information Overload
Are you constantly forgetting where you placed your keys? Do you feel like your mind shuts down in the afternoon? Here's why.
By Lisa Evans
We live in an age of information overload. While many of us find ourselves inundated with vast amounts of data daily, our fast-paced society also requires us to make more rapid decisions.
Psychologist and behavioral neuroscientist Daniel Levitin, author of the upcoming book The Organized Mind: Thinking Straight in the Age of Information Overload, says information overload creates daily challenges for our brains, causing us to feel mentally exhausted before the day's end.
“Our brains are equipped to deal with the world the way it was many thousands of years ago when we were hunter-gatherers," says Levitin. "Back then the amount of information that was coming at us was much less and it came at us much more slowly.”
The pace at which we’re exposed to information today is overwhelming to our brains, which haven’t adapted fast enough to easily separate relevant data from the irrelevant at the speed we’re asking it to. As a result, our brains become easily fatigued, and we become more forgetful. By using principles of neuroscience, Levitin says we can regain control over our brains by organizing information in a way that optimizes our brain’s capacity.
1. Externalize Data
Rather than carrying around in your head a to-do list of 20 or 30 items, put them on paper. Getting information out of your head and into the external world helps you to see it objectively so you can make decisions about what you will tackle, and in which order.
When information is only stored in your head, the brain has a hard time focusing on everything, and uses up too much of its energy trying to recall what’s on your list. Writing down your list manually also helps to encode the information into your brain through the use of muscle memory.
2. Make Big Decisions in the Morning
“Each time you make a decision, it uses some neuro-resources,” says Levitin. The problem is these neuro-resources are used up whether you’re making an insignificant decision such as which pen to use out of a drawer of pens, or something important such as whether to sign a multimillion-dollar deal.
“If you spend your day making a bunch of little decisions and it comes time to make a big important one, you’re neurologically depleted,” says Levitin, who calls this phenomenon decision fatigue. Scheduling your important decision-making tasks at the beginning of the day maximizes your brain’s resources, and can help you make better decisions.
3. Be Organized
Being organized in your physical environment lessens the burden on your brain. Have a designated place for commonly misplaced items such as keys, glasses, and cellphones. Allow your physical environment to serve as reminders, alleviating the pressure on your brain to recall things.
Levitin cites an example of forgetting to take your umbrella. “You hear the weather report that it’s going to rain tomorrow so you make a mental note to take your umbrella, but when you wake up in the morning, there’s a 100 other things on your mind,” he says. Hanging the umbrella on the doorknob when you hear the weather report reduces the clutter in your brain the next morning--and you’re less likely to get wet.
4. Multitasking Is a Myth
How many times in a day do you find yourself checking email while talking to a client on the phone, or answering text messages while in a meeting? You may tell yourself you’re multitasking, but Levitin says multitasking is a misnomer.
“What we’re actually doing is rapidly shifting our attention from one thing to another,” he says. This fast-paced attention seesaw depletes the brain’s glucose supply. Glucose is the fuel that the brain’s neurons need to communicate with one another.
Using up the brain’s glucose supply by task switching means the brain will reach a level of fatigue much sooner in the day than if we concentrate on one item at a time with sustained attention. If that doesn’t convince you, Levitin says rapidly switching tasks also lowers your IQ by 10 points.
Hablar y escribir
Sexenio.com.mx
Dear Josh: My Partner And I Have Great Chemistry, But I'm Doing All The Work. Can We Make It As A Team?
By Joshua Wolf Shenk
Joshua Wolf Shenk, author of Powers of Two: Seeking the Essence of Innovation in Creative Pairs, offers advice on forging great creative relationships. Today: One is a rock star, the other a work horse--can it work?
From August 4 to 8, Fast Company is hosting the Creative Counselor, who offers advice on how to forge and maintain great creative relationships. The Counselor, aka Joshua Wolf Shenk, is the author of the new book, Powers of Two: Seeking the Essence of Innovation in Creative Pairs. He's spent five years studying the most famous and productive creative partnerships, from John Lennon and Paul McCartney to Steve Jobs and Steve Wozniak to Marie and Pierre Curie, comparing the common points of these stories with the latest in science and psychology. And now, he's here to help you make the most of your creative collaboration.
Here, the Counselor advises one half of a creative pairing that's heavy on chemistry, but out of balance--one partner is supplying the sparks but the other is doing the heavy lifting. Can a partnership run on magic? Or will the get-it-done member of the team end up being exploited?
Dear Josh,
I’m an entrepreneur in the food world and a few years ago I created a series of pop-up restaurants with a manager I’ll call Kate. When we got going, the chemistry was immediate. The business was fabulous--we did 200-some dinners with 40 or so chefs--but beyond that, there’s just this electricity around us. We started getting approached by agents and managers and production companies to do a TV show. Our communication is crazy good. And we just naturally find our roles and switch: good cop and bad cop, awkward and not awkward. Whatever it is, we know what the other one is going to do.
The problem is that I did so much more work than her--from booking the chefs to managing accounts to marketing and PR. When we came out of the pop-up and were going to open a new place, she said she’d do the P&L. She said, “I know you’re a little wary of me, so let me give you a deadline.” But it came and went three times and she just never delivered.
Now I’m on another project. Kate and I are good friends but I don’t know whether I want to work with her again. The potential is so much greater with her than with anyone that I’ve ever worked with. But the risk is also much higher, too. She does bring skills--but I could hire someone equivalent for much less than 50% of a venture.So my main question is how much do I value the magic? And if we do proceed, how do I work with her?
Signed,
Chemistry Experiment
Dear Experiment,
You should value magic a hell of a lot. The fact that it’s not obvious to an accomplished entrepreneur says a lot about how poorly our culture understands the real engine of creativity. It’s not gumption, or originality, or talent, or executive ability. It’s all the ways these qualities get activated--which almost always depends, in one way or another, on an electric connection.
But if feeling electricity can be as potent as plugging into a socket, it can also be as jarring as a shock. A mad great partner is often maddening. When Sergey Brin and Larry Page first met, they broke into an argument; the writer John Battelle has described them as “two swords sharpening each other.”
So, asking yourself whether it’s worth it--I think that’s actually a sign that you’re in a partnership that’s worth it. Creative connection is much like love that way. Your second question is the interesting one--what do you do now?
The main thing is give up the idea that a profoundly mutual enterprise needs also be symmetrical in terms of power. It never is, not completely, and it may be that your biggest piece of work is getting comfortable with that, and finding a way to dominate Kate in a way that still keeps the energy flowing.
It sounds like you’re an adept producer and that she’s the sort of talent that brings an intangible value. It sounds like you’re more ordered and organized and she’s more free-flowing and associative. So you need to be open to the risk of being involved with her--but she needs to be held accountable.
One very effective way would be for her to have to show up and play or face some consequences. Maybe she is an employee to whom you pay a salary. Maybe you split profits but keep a controlling interest. It might mean that on paper everything is equal but you just find a way to take the wheel.
Ironically, one of the best ways for you to structure an arrangement that works best for you is to really think about her, first. What arrangement would help her do her best work?
I don’t mean that you should hedge your bet. The point is to maximize the potential of your ability to operate together. And no matter what, if you stick with Kate, you’ll be vulnerable. Magic is of infinite value, but the price you pay for it is that you’re at someone else’s mercy. There’s a good reason why people prefer to be alone and less powerful. The moment you recognize someone is indispensable, you have to put up with her shit.
Now go connect.
Warmly yours,
The Creative Counselor
El lado oscuro del trabajo en equipo
En un libro clásico de gestión, Jerry Harvey describe una situación que le ocurrió personalmente y que bautizó como “La paradoja de Abilane”
Una tarde muy calurosa en Texas, Jerry estaba con la familia de su esposa jugando plácidamente dominó cuando su suegro sugiere viajar a Abilane, una ciudad 80km al norte, para comer allá. Mientras Jerry piensa “a quién se le puede ocurrir una cosa así”, su esposa dice “buena idea”; su suegra se una con aparente entusiasmo y Jerry, quien no quiere ser el aguafiestas del grupo, accede también. La familia llega a Abilane, luego de soportar el calor y el polvo del camino, para comer en una cafetería desastrosa. Regresan a casa exhaustos, cuatro horas después.
Ante un silencio prolongado e incómodo Jerry dice, intentando quedar bien: “Fue un buen paseo, ¿no?”. Su esposa contesta, “La verdad es que a mí no me gustó nada, acepté ir porque ustedes parecían entusiasmados”; la suegra replica “la verdad es que yo me sentí presionada, habría que estar loco para querer ir a Abilane con este calor”. Finalmente, el suegro, algo avergonzado exclama: “Yo solo propuse la idea porque me pareció que se estaban aburriendo, ¡hubiera preferido mil veces quedarme aquí!”
Allí estaban cuatro personas inteligentes y bien dispuestas quienes, al tomar decisiones en equipo, habían terminado haciendo exactamente lo contrario a lo que cada uno de ellos individualmente habría decidido hacer. A muchos nos ha pasado que, en alguna oportunidad, nos hemos ido en equipo a nuestros propios “Abilanes”. A veces con consecuencias mucho más significativas. Al lanzar un producto, estructurar un área, definir un plan de trabajo o hacer frente a una acción de la competencia, muchas veces los equipos tienden a tomar decisiones que los miembros no apoyan realmente de modo individual. Este fenómeno se conoce como “pensamiento de grupo”. Debido a él, las personas muchas veces dejan de lado sus creencias u opiniones y dejan de expresar su desacuerdo, pues prefieren mantener el consenso y no alterar la aparente uniformidad de criterio del equipo.
El lado oscuro del trabajo en equipo se presenta cuando los miembros sienten que deben subordinar su individualidad en aras del bienestar del colectivo; cuando sienten que para ser aceptados deben dejar de ser ellos mismos, alterar su voluntad, esconder sus creencias, encubrir sus opiniones.
Los primeros responsables de enviar a sus equipos a “Abilane” son los propios líderes. Por ello es importante implantar procesos en la toma de decisiones en equipo que propicien la generación de ideas. Se podría nombrar a un “abogado del diablo” que debe encontrar objeciones a la decisión que el equipo se siente inclinado a tomar. A veces, basta con propiciar un espacio de algunos minutos para escribir individualmente alternativas a las que el líder propone. Cualquier mecanismo para implantar en la toma de decisiones en equipo procesos que permitan la expresión del desacuerdo puede hacer que el trabajo en equipo sea una experiencia gratificante y enriquecedora para todos. No hacerlo puede condenar al equipo y a la organización a tomar decisiones con consecuencias mucho más serias y duraderas que el pasar un mal día en Abilane.
domingo, 3 de agosto de 2014
"Cambiar muchas cosas"
ASK THE EXPERTS: IS THERE A WAY TO INCORPORATE MY DAY JOB INTO A SIDE HUSTLE WITHOUT BEING SHADY?
70% OF YOUR TIME AT WORK IS WASTED—HOW TO CHANGE THAT
They set up their morning to do the most creative projects. Research shows most people are at their most creative in the morning. Handle email and stand-up meetings after that and then power through emails at the end of the day. Notice how there are breaks between these scheduled blocks to remain optimally focused in between.
When you do take a break, you actually need to take a break. Go for a walk. Listen to soothing music. Do something not work related. Talk to the people in your office and discover things about them that aren’t related to work.
4. BUILD PLAYBOOKS.
For anything you do more than three times, write down your process in detail. Build playbooks that you can hand off to someone else, so they can execute something exactly the way you would. Never get held up by people asking what the next step is or whom they should ask about a process.
This is how Uber in particular scaled so quickly. They’ve grown to over 70 cities and they’ve killed it in all of them. How did they do it? With a playbook. They have a list of the things they do in every single city when they launch, with slight regional adjustments. They have practiced this method and tested it and wrote it all down. So now they just execute, like turning a key.
The startups that I have seen succeed the most at scaling are the ones who have systematized their common actions and core procedures early, and made a habit of it as they grew.
5. GET GREAT AT EXTERNAL MEETINGS.
How many times do you meet with someone important to your business, but fail to take away knowledge you can use to grow that relationship? This could be anyone from a business development partner to a client. It can be hard to hear, and when you walk out, you lose so much of what they’ve told you. The chances that you’ll improve your performance for them are slim.
To break this mold, you need to understand their professional challenges.
If you don’t, you have to ask them. If you’re in a B2B space, what are your customers’ customers asking for? How can you help them meet these challenges?
To really get the most out of your meetings, you have to bridge personal and professional. It doesn’t have to be deep. It could be as simple as asking them if they are going anywhere on vacation soon. When they respond to questions like this, make note of it. Give yourself the opportunity to reach out again, outside of meetings, with a personal touch to build that connection and deepen it. For example, if a contact likes cycling, send them an awesome bike route you've discovered. It makes a transformative difference.
6. GET GREAT AT INTERNAL MEETINGS.
Startups tend to hold a lot of meetings. Too many. Have less. One of the easiest ones to kill is the status meeting. You don’t need to constantly meet with your team to provide a round robin of updates. Just have them write it down. Put it in a Google Doc and have everyone read it once a week.
NEVER LEAVE A MEETING UNTIL YOU'VE DECIDED WHAT THE OUTCOME IS.
When it comes to decision-making meetings, make reversible decisions quickly. Most decisions in startups are reversible and yet we agonize over them for too long. When you come together, get the right data and the right people and drive toward a decision.
Do this for all decision-making meetings, unless it's truly an irreversible decision. Take more time with those, have more conversations, involve your advisors and board. Otherwise decide and execute. Your biggest advantage as a startup is the ability to change quickly later since there are so few moving parts.
7. LEVERAGE ASSISTANTS.
Technology is great at making us more productive, but it has its limits. It’s worth growing a relationship with an assistant, either in-office or remotely to help you.
Virtual assistants and services like TaskRabbit that are more dedicated to specific tasks can be very powerful. However, they can’t take what’s inside your head and make judgments for you.
If it is possible for you, hire a full-time assistant in the same building as you. This can extend your capabilities more than you can imagine. In addition to having enough context to make decisions on your behalf, they can orchestrate these other services to do even more. If having a full-time assistant isn’t possible, try a virtual one. There are many inexpensive services, like Prialto, and they can take a ton of stuff off your plate. They can order and send gifts, take dictation, schedule many meetings at once, etc.
Dictation, especially, should not be underestimated as a great source of productivity. I recommend you install an app called Voxie. You can open it and literally say, “Draft an email to Chris,” and then just speak it out, “Hi Chris, Great to see you this morning. Thanks for catching up.” Your virtual assistant can easily field the recording, and when you get back to your inbox, it’ll already be in your drafts. All you need to do is hit send.
“Following up on meetings can be tremendously impactful, but how often do you actually do it?”
Now you can draft the follow-up email in seconds right as you’re leaving a meeting.
8. GIVE YOUR TEAM LEVERAGE.
One of the most productive CEOs I recently spoke to is religious about “management by walking around.” This is exactly what it sounds like. He circulates the office, stopping to talk to his team members one-on-one or in small groups throughout the day. He asks them:
• What’s holding you back from getting more done?
• What are your blockers? Are there any bottlenecks or barriers I can remove for you?
• What resources or processes would let you move as fast as you want to?
So I advise you, get the answers to these questions and get it done for your team. If you want them to model speed, you need to model speed yourself. Give them the help they need to do their best work in record time. Responsiveness is key. You can still batch your emails and catch urgent requests with a tool called AwayFind. Whenever someone sends a high priority message, you’ll get an alert without having to leave your inbox open all day.
A lot of the time, you’ll hear that people are simply stuck. They’re nervous about deploying a feature or cold emailing an important contact. They’re toiling away to fix a tiny bug while a larger project grinds to a halt. When something like this is holding them back, the best question you can ask is this: What is the cost of failure? If only two people out of two million will see a new feature that isn’t perfect, you don’t need to be spending so much time on it. De-risk it for them. When you’re a manager, this is often the best use of your time.
Demonstrate the 80/20 rule in everything you do. This means spending 80% of your time on the work that moves the needle, and only 20% on the smaller stuff. Condition your team out of seeking perfection. So many startup employees, especially engineers, want to nail everything perfectly the first time. But that’s not what you want. You want speed.
If you implement these simple hacks, you can get that 70% of time you aren't maximizing back. You can spend less time in meetings and your inbox. Most importantly, you can get back to leading, inspiring, closing deals and changing the world.
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