Nine years in front of entertainment devices - another 10.5 years spent working. You get the idea.
If you have goals you want to accomplish, aspirational travel, and lifestyle plans - this really puts the idea of finding and living your passion in perspective.
Do you have the time to waste it?
VisualCapitalist put together a chart projecting longevity based on 2020 mortality rates.
I turned 60 this July, so I only have 20 years left, according to this calculator. I expect more!
There are some interesting statistical facts in this; for example, an average American baby boy can expect to live until 74 ... but if that boy turns 21, his life expectancy jumps to over 75.
While these numbers seem pretty high, there are two things to consider. First, COVID heavily reduced these numbers because mortality rates went up. That likely won't continue (though it will likely continue to affect your insurance premiums and pension benefits).
Also, remember that these numbers are based on 2020 averages, which likely differ from you (specifically considering your race, income, location, etc.). These numbers also don't take into account expected medical and technology advances, etc.
Finally, I think Purpose is one of the most important catalysts of longevity. People often die when they retire ... not because they're done working, but because they're done striving.
A few years ago, I shared a presentation called Mindset Matters that I had given to a small mastermind group.
Recently, I have revisited that content in more detail and with finer distinction. It’s become an integral part of my goto presentations and our company dialogue.
One of my core beliefs is that energy is one of the most important things we can measure. I believe it so strongly I paid Gaping Void to put it on my wall.
It means exactly what it sounds like - but also a lot more.
Energy affects how you feel, what you do, and what you make it mean. That means it is a great way to measure your values, too. Consequently, even if you don’t recognize it, energy has a lot to do with who you hire and fire. It affects where you spend your time. Ultimately, it even affects the long-term vision of your company or life.
If something brings profit and energy, it is probably worth pursuing.
In contrast, fighting your energy is one of the quickest ways to burn out. Consequently, figuring out who and what to say “no” to is an important way to ensure you stay on the path and reach your goals.
I believe that words have power. Specifically, the words you use to describe your identity and your priorities change your reality.
First, some background. Your Roles and Goals are nouns. That means “a person, place, or thing.” Let’s examine some sample roles like father, entrepreneur, visionary, etc. They are all nouns.
Your goals are nouns, too. For example, (for us) amplified intelligence, an autonomous platform, and a sustainable edge are all nouns.
How you create or achieve them is done with verbs. So, your strategies are verbs.
Examine your default strategies. They define an action you take. Examples include: connect, communicate, contribute, collaborate, protect, serve, evaluate, curate, share … and love. On the other end of the spectrum, you could complain, retreat, blame, or block (but that wouldn’t be productive).
People have habitual strategies. I often say happy people find ways to be happy – while frustrated people find ways to be frustrated. This is true for many things.
Said a different way, people expect and trust that you will act according to how they perceive you act.
Meanwhile, you are the most important perceiver.
Another distinction is that our nouns and verbs range from timely to timeless. “Timely” words relate to what you are doing now. They relate to your situation or perceived challenges or opportunities. Meanwhile, “Timeless” words are chunked higher and relate to what you have done, what you are doing, and what you will do.
The trick is to chunk high enough that you are focused on words that link your timeless Roles, Goals, and Strategies. When done right, you know that this is part of what makes you … “You”.
My favorite way to do this is through three-word strategies.
These work for your business, priorities, identity, and more.
I’ll introduce the idea to you by sharing my own to start.
Understand. Challenge. Transform.
The actual words are less important than what they mean to me.
What’s also important is that not only do these words mean something to me, but I’ve put them in a specific order, and I’ve made these words “commands” in my life. They’re specific, measurable, and actionable. They remind me what to do. They give me direction. And, they are a strategy (or process) that creates a reliable result.
First, I understand because I want to make sure I know all sides before I take action. For me, it is about seeing the bigger picture. It creates a golden thread from where I am to the bigger future possibility that I want. Then, I challenge situations, people, norms, and more. I don’t challenge to tear down. I challenge to find strength … to figure out what to trust and rely upon. Finally, I transform things to make them better. Insanity is doing what you always do and expecting a different result. This is about finding where small changes create massive transformations. It is about committing to the result rather than how we have done things till now.
If I challenged before I understood the situation, or if I tried to transform something without properly doing my research, I’d be shooting from the hip ... and I’d likely cause more damage than good.
Likewise, imagine the life of someone who protects, serves, and loves. That produces a ripple in the world. Now, compare that to the life of someone who loves, serves, and protects. The result is likely very different.
The order matters!
I’ve set daily alarms on my phone to remind me of my three words. I use them when I’m in meetings and to evaluate whether I’m showing up as my best self.
You can also create three words that are different for the different hats you wear, the products in your business, or how your team collaborates.
Finding Your Three Words
Like recipes, your three-word strategy has ingredients, orders, and intensities. The optimal ingredients, order, and intensities might change as you use your words.
For example, when my son was just getting out of college, one of his words was “contented” because he was focused on all the things he missed from college - instead of being appreciative of what he had. Later, his words switched to “grateful” and then “loving”... each an evolution that paired with his journey.
Remember, your words should be actions. They should be things you do, ... not just words that describe you. You can also see that in my son’s words. As he grew, the word became a calling to the actions he wanted to approach life with, instead of a reminder of the feelings he longed for.
Once you learn how to create and use these simple three-word strategies, you can use them everywhere.
Have you listened to the new Beatles song? It took almost 50 years and new technology to create.
How did this happen? An AI system, made by Peter Jackson, uncoupled the vocals from the piano on a poor-quality tape demo from the 70s. The result – a song that would have never seen the light of day was able to bring John Lennon back from the dead to release new music for a new generation.
Was it a touching tribute and closure to an extraordinary legacy? Does it qualify as AI "art"?
We are seeing a surge in creativity due to the rise of generative AI.
People are doing amazing things with AI ... and it's making entrepreneurship accessible to a new group of people.
AI is exciting, but it is also scary. I would argue that it is a net positive. However, there are also clear drawbacks (and potential risks). For example, there are the obvious ones like deepfakes, art being stolen and fed into models without consent, etc. But, there's one that many aren't talking about...
It's a lack of nuance or understanding of art.
Here is an example of using generative AI to improve a famous art piece.
In my opinion, the creator completely missed the point when they tried to improve Nighthawks by Edward Hopper.
The truth is that I don't know their intent or thought process.
However, Nighthawks is famous for a reason. It shows a patron, presumably at a late-night diner, with a desolate urban streetscape outside. To the right audience, it embodies the isolation of a 24-hour modern society and big cities, and the hidden changes of the 20th century. It is a poignant composition and one of the most famous American art pieces.
First, he had AI parse the image and write a description of it. Then, he had it regenerate the image from the description. The setting became light. He thought he could make it better, so he moved people outside. He parses a description again and creates a new image again. He did this several times.
The result is what you see — a beautifully created composition lacking any depth.
The AI did its job; the human did not.
A better prompt or a more artful process would have had a better result.
But is it art?
Once created, art is in the eye or mind of the perceiver. So, should we care who or what creates it?
Here are some other questions worth pondering. Is AI at its best when it's amplifying human intelligence - rather than replacing it? Or ... is the goal simply to amplify intelligence?
The Universe often gives you increasingly painful chances to learn a lesson.
What do you think we're supposed to take from this?
It is that time of year again. We are in the midst of our annual planning for 2024.
If you haven't started planning for your business (or yourself), now is a great time to start.
The best place to start is to analyze where you are and where you've come from. I like to begin annual planning by reviewing the past year and looking back at where we were three years ago (in order to note direction, progress, and new capabilities).
Then it is time to look forward.
The process is relatively straightforward. We start by deciding what the company's three highest priority goals are. With those goals as the base, each department (and manager) creates a big three representing what they can do to reach the company's big three. From there, we dive into quarterly rocks, SMARTs (goals that are specific, measurable, actionable, relevant, and timed), as well as the explicit tactical steps it will take to accomplish what we set out to achieve. We use the Entrepreneurial Operating System (EOS) to plan and execute our meetings.
The meetings are going well. There is a lot of back-and-forth idea sharing, negotiating, and priority setting.
We've gotten a lot better at dialogue - but for many years, what we thought was a dialogue was often multiple monologues.
The disconnect (or misconnect) was because the participants had fundamental beliefs, at a higher level than we were discussing, that were at odds with each other.
I shot two videos that I think help teams get to alignment.
Thinking About Your Thinking
The first video discusses several techniques to enhance your decision-making.
One of the ideas is something called "Think, Feel, Know." It explains that you have to deal with superficial thoughts before getting to deeper feelings. Then, you must deal with those feelings before you get to "knowing."
Another technique discussed in the video involves adding time to look for "insights" after working on something. Those insights are often the seeds for something greater.
Chunking Higher
The second video is about how to chunk high enough to start from a place of agreement. Exploring distinctions from there is relatively easy.
I'll add one more concept for good measure ... Start with the end in mind. Alignment happens in stages. To get aligned on what to do next, you first have to get agreement and alignment about where you are and where you want to go.
With that said, another important component of meaningful communication is a shared understanding of a common language. Words can mean different things to different people. Simply agreeing on a "word" is different than agreeing on a common meaning.
I had friends in town for today's Cowboys game against the Giants. If you care, it was a massive win.
We discussed the difference between Gen Z and Millennials on our way back from dinner last night.
During the conversation, my youngest, Zach (who is 30), called to tell me that his face had been sewn back together after a rugby game.
Wonderful.
But, it was a great chance to hear his opinion about the difference between Gen Z and Millennials.
I'm paraphrasing, but he stressed that the main difference was that he lived through a transition of technologies that they didn't experience.
For example, he is old enough to remember cassette tapes, floppy discs, boomboxes, and more. His first computer was an old-school Mac with a black-and-white display (how primitive).
So, though he didn't see the prior shifts that I did (like the invention of the color TV), he is still aware of the shift between the "old world" and the "new world" ... and how radical the difference was.
Meanwhile, Gen Zers were raised with the technology we see today as their only reality.
As a result, they're much more immune to how awkward or cringy it is to share their entire life online, hopping from instant gratification to instant gratification.
We hear a lot of doom and gloom from (and about) Gen Z - which isn't new. The younger generations are always derided ... in part because they're young.
Nonetheless, GenZ still believes the future is bright.
What do you think about Gen Z? And, what differentiates them from Millennials? I'm curious.
Honestly, the fact that we’re at the top of the food chain is pretty miraculous.
We’re slow, we’re weak, and we’re famously bad at understanding large numbers and exponential growth.
Our brains are hardwired to think locally and linearly.
It’s a monumental task for us to fathom exponential growth … let alone its implications.
Think how many companies have failed due to that inability … RadioShack didn’t foresee a future where shopping was done online. Kodak didn’t think digital cameras would replace good ol’ film. Blockbuster dismissed a future where people would want movies in their mailboxes because they were anchored to the belief that “part of the joy is seeing all your options!” They didn’t even make it long enough to see “Netflix and Chill” become a thing.
Innovation is a reminder that you can’t be medium-obsessed. Kodak’s goal was to preserve memories. It wasn’t to sell film. Blockbuster’s goal wasn’t to get people in their stores; it was to get movies in homes.
Henry Ford famously said: “If I had asked people what they wanted, they would have said faster horses.” Steve Jobs was famous for spending all his time with customers but never asking them what they wanted.
Two of our greatest innovators realized something that many never do. Being conscientious of your consumers doesn’t necessarily mean listening to them. It means thinking about and anticipating their wants and future needs.
Tech and AI are creating tectonic forces throughout industry and the world. It is time to embrace and leverage what that makes possible. History has many prior examples of Creative Destruction (and what gets left in the dust).
I love statistics. But I also recognize how easy it is to be tricked by data.
Here is an example illustrating how factually accurate statistics can be misleading without proper context.
Take a quick look at this chart showing Robotics funding in July 2023.
If you look at that chart, you might conclude that Pittsburgh is a Mecca of innovation in robotics. Carnegie Mellon is there. That makes sense, right?
However, there's an immediate red flag ... it's only for the month of July 2023.
So the question becomes ... why?
Turns out, that entire number is essentially the result of a single check to Stack AV to recapitulate what was Argo. Argo is a Ford and VW-backed autonomous vehicle startup, and Stack AV is the founders' new self-driving startup.
One significant move skewed the scale so strongly that it trumped major countries' expenditures that month.
There's often an issue about not having enough data to be statistically significant. Another common issue is confusing coincidence with causality.
This isn't meant to undermine the effect of one data point on a chart. For example, think about Taylor Swift's impact on the economy. Taylor's Eras Tour has already netted more than $100M but also reportedly has had a $5B impact on the economy.
Cincinnati reported that Taylor Swift's Concert Tour brought $90M to their city in two days. Her 60,000 attendees pushed the city's hotels to 98% occupancy rates. Beyond that, her concert-goers also consumed the city's restaurants, bars, tourism, and retail.
Here is a different example of accurate data leading to an unusual conclusion, At a Genius Network meeting this week, the creator of OsteoStrong and the X3 bar spoke about people's misconceptions about fitness and workouts. One point, in particular, caught my attention. He claimed that most people only get stronger as a direct result of their workouts about ten times in their lives. This isn't true of competitive athletes or weightlifters - but the average gym goer. Why? His logic was you only get stronger when you take your muscle to failure, past its previous limits. Most people rarely work out to exhaustion and don't keep track of their best. They often stop one rep - or even half a rep - before there's a meaningful improvement.
A good lesson for life.
As entrepreneurs, we've all seen people get the "one big break" or the "one domino" that led to success. The goal is often to be good enough that you only have to get lucky once.
While one data point can ruin a statistic, it can also change your life. The power of an inflection point.
Yesterday, I celebrated the Jewish New Year - Rosh Hashanah - with my family and our friend Ben Hardy.
Ben joined us for services and lunch at one of our favorite local delis.
Next week is Yom Kippur, which is the Day of Atonement in the Jewish religion.
As part of the holiday, participants read a list of sins (available here), apologize for those committed, and ask for forgiveness. Read the list ... much has changed, but apparently, human nature hasn’t.
Even if you have managed to stay on the right side of the Ten Commandments and haven’t killed or stolen … you have most likely been frivolous, stubborn, hurtful, dismissive, or judgmental (I know I have …).
To help mark the importance of the day, participants read a poem called the Unetaneh Tokef. Below is a brief excerpt that captures the spirit.
Who will rest and who will wander, who will live in harmony and who will be harried, who will enjoy tranquillity and who will suffer, who will be impoverished and who will be enriched, who will be degraded and who will be exalted.
On one hand, you can read that and pray for Divine intervention (or perhaps favor), or you can recognize that we each have a choice about who we want to be, how we show up, and what we make things mean. Your choices about these things have very real power to create the experience and environment you will live in during the next year.
As we shared our holiday with Ben, I started to think about what lessons from other cultures we could leverage in our interpretation of the day. One concept came straight to mind ... the Japanese art of Kintsugi. In Kintsugi, the Japanese mend broken pottery by gilding the fractures with gold, silver, or platinum. This treats the breaks and damage as an element that adds value and enhances the beauty of an object (preserving a part of its history) - rather than something that simply diminishes the object.
This concept is an excellent reminder as we try to repair some of the breaks happening in the American culture war, and the damages of the isolation and death during COVID. Our steps backward are just as much a part of our journey as our steps forward. As you heal, it is also important to remember to heal the world around you as well. In the Jewish faith, that concept is called Tikkun Olam.
One of the themes of Yom Kippur is that you’re only ever one good deed from tipping the scale towards good for yourself and others. As you recognize and repent for your sins, it’s important to appreciate the good you did (and do) as well.
100 Days Left
There are just over 100 days before the start of 2024. Many will spend those 100 days stressing about the upcoming elections, grumbling about how 2020 was mishandled, and pretending it’s the universe’s fault they didn’t accomplish what they set their mind to ... yet, 100 days is enough time to sprint, to make a change, and to end the year on a high note.
There is plenty of time to make this your best year yet. What can you do? What will you do?
What could you do to make the life of someone around you better? Likewise, how can you let others know you’re thankful for them?
To reference a book by Ben Hardy (and Dan Sullivan), transformational change is often easier than incremental change (because you don’t have to drag the past forward).
So, what can you do that would trigger 10X results? Will you?
I hope you all experience growth in your mental state, your relationships, and your businesses.
Best wishes for a great day, and an even better year!
The Difference Between Gen Z And Millennials
I had friends in town for today's Cowboys game against the Giants. If you care, it was a massive win.
We discussed the difference between Gen Z and Millennials on our way back from dinner last night.
During the conversation, my youngest, Zach (who is 30), called to tell me that his face had been sewn back together after a rugby game.
Wonderful.
But, it was a great chance to hear his opinion about the difference between Gen Z and Millennials.
I'm paraphrasing, but he stressed that the main difference was that he lived through a transition of technologies that they didn't experience.
For example, he is old enough to remember cassette tapes, floppy discs, boomboxes, and more. His first computer was an old-school Mac with a black-and-white display (how primitive).
So, though he didn't see the prior shifts that I did (like the invention of the color TV), he is still aware of the shift between the "old world" and the "new world" ... and how radical the difference was.
Meanwhile, Gen Zers were raised with the technology we see today as their only reality.
As a result, they're much more immune to how awkward or cringy it is to share their entire life online, hopping from instant gratification to instant gratification.
via blackbear
We hear a lot of doom and gloom from (and about) Gen Z - which isn't new. The younger generations are always derided ... in part because they're young.
Nonetheless, GenZ still believes the future is bright.
What do you think about Gen Z? And, what differentiates them from Millennials? I'm curious.
Posted at 10:58 PM in Business, Current Affairs, Healthy Lifestyle, Ideas, Market Commentary, Personal Development | Permalink | Comments (0)
Reblog (0)