Capitalogix

The Most Terrifying Infographic of 2022

As we enter the new year, it feels appropriate to focus a little on our mortality. What better time for an existential crisis? 

Below is an infographic that shows events in the life of a typical American. However, you can personalize it to display how long you likely have to live by filling in your education level, sex, country of birth, and when you were born. Seeing where you are ... versus how many dots are left can be jarring.

 

via Coruscant Consulting

Looking at the chart done with my information reminded me how important it is to make the most of the time I have left. 

Time is funny. Sometimes it seems to fly by ... and other times, it almost seems to stand still.

Everyone has the same 24 hours each day. Some use it better than others. 

Sometimes we are conscious of how we use this precious resource. Sometimes it gets away from us.

Here is a video that illustrates how most of us spend our time. It is called The Time You Have (In JellyBeans).

 

zefrank via YouTube

The average life expectancy for men in the U.S. is 76.

How many amazing vacations do you have left? How many jaw-dropping moments? How many fantastic meals? How many Super Bowls?

What about time with your parents or older relatives? It's easy to forget to call or to miss an important event because "life happens". But, if you realize you may have already used 95% of your in-person time with that person ... doesn't it become more special?

In my TEDx talk, I mentioned "living like you only have a year left" – and how much more "life" we got out of the last part of my dad's life. 

That is an example, but I want to take it one step further. 

To start, think of some of the activities you do, places you go, experiences you have that are special and make you feel like your best self. 

• Hitting flow-state and creating something new and exciting;
• Taking an amazing vacation and experiencing something completely new;
• Having a moment with someone you love that makes you stop and say - Wow!
• Making a difference in someone's day or giving back to your community;
• Experiencing peace and relaxation;
• Feeling pure joy.

It's easy to get lost and take for granted these moments when they happen, but when you think about how much time you have left, they take a whole new meaning. 

How can you maximize the time you have left? Fill it with the best experiences, activities, and people you can.

To start, think about different time frames:

• What activities could you commit to doing at least once a year?
• What activities could you commit to doing at least once a month?
• What activities could you commit to doing at least once a week?
• What activities could you commit to doing at least once a day?

Make those lists ... it is a simple way to get a better return on the time value of your life.

Seriously, try it.  

Let me know how it worked for you – and what you chose.

Onwards!

Getting Ready For The New Year

I love planning for the new year – both personally and professionally. 

I've always been a big picture person - so I tend to think in 5, 10, 25-year increments ... but thinking about the coming year is helpful too.

I think about it a bit like using a map.  Even if you know your intended destination, you still have to start with 'where you are' in order to figure out the best way to get there.

There are seemingly infinite potential paths ... but motion in a direction isn't really "progress" if it doesn't take you towards your desired destination.

As we reach the final week of 2021, I thought I'd revisit how I set New Year's resolutions. 

 

 

To start with, resolutions only work if you actually "want" to make them happen. It's one thing to hope that something magically falls in your lap; it's another to want to put in the work. 

With that being said, here are some tips. 

• Focus on What You Want.
• Focus on Why You Want It.
• Focus on Ways You Might Get it.
• Focus on Evidence of Progress.

Below, I'll take you through an example of each of the four steps.

Moving Towards a Solution, Rather Than Suffering From the Problem.

Before I got back into my health, my first instinct was to think, "I need to lose weight."  Knowing that "you're fat" isn't helpful … my head quickly translates that to something a tad more positive, yet generic, like: "I choose to be healthy and vital, and to live a healthy lifestyle."

Blah, blah … They are just words.  What I needed was something specific, measurable, and actionable.  How about: "I will lose 15 pounds and stop eating after dinner."  OK, but that isn't inspiring, and there isn't much for me to do. I can do better than that.

Figure-Out a Big Enough WHY, Rather Than Worrying about the HOW's.

This post isn't about health and fitness; it is about the mindset and techniques you can use to set empowering goals and plans in any situation.

So, while I could list many ways to lose weight (and I might even remember to do some of them), leveraging a driving force creates momentum.  In other words, the first step in "Doing" is knowing WHY you want something.

I really do want to be healthy, fit, and vital (it sure beats the alternatives), and I want to have the energy and confidence to live and enjoy my life fully.  The world is my playground, and I want to take advantage of more opportunities to play with family and friends.  However, to do those things, I must find better ways to live a healthy lifestyle.

The WHYs are just as important for business goals too.

Focus on Potential Solutions, Rather than Problems or Challenges.

Obstacles Exist. The bad news: I don't eat fish, and I don't like vegetables (unless French Fries are vegetables).  My joints aren't close to healthy from years of violent contact sports. I rarely get 7 hours of sleep, and who'd have thunk it, but being a CEO of a startup is stressful.  The good news: is none of those things matter; and even if they did, it just would mean that I have a lot of room for progress.

It is natural to focus on obstacles. But most obstacles are surmountable - with a big enough WHY, even I'll start to eat vegetables. Instead of dwelling on the limitations, use them as a reminder to focus on potential solutions instead. They are beacons, pointing the way.

How do you do it?  To focus on solutions, you can make two action-based lists: one is of things To-Do ... and another is of things Not-To-Do.

Here are some of the sample To-Do Items:

• I will drink more water than coffee.
• I will stretch, or do basic calisthenics, on days that I do not go to the gym.
• I will make a healthy shake as a meal replacement rather than a snack of min-meal.
• I will focus on relaxation and meditation as much as I focus on strength & physical exercises.

Here is the actionable list of Not-To-Do Items.

• I will not buy new bigger pants or wear stretchy pants because of an expanding waistline.
• I will not eat snacks out of their container – and will portion out what I want first.
• I will not compare my current level of fitness to what I used to be able to do. Instead, I will focus on my actions and improvement.

Create Healthier Habits.

It is easy to follow a routine.  So, here's another tip ... make your routine better.  Here are some examples of things you could do to make being healthier happen with less effort.

• Pre-sort your vitamins into daily doses, and keep them by the coffee machine.
• Buy healthy snacks, like fruit, raw nuts, or organic energy bars (instead of chips).
• Enjoy listening to music or listening to a book/podcast during your "exercise time." Dedicating time to something doesn't mean you can't be multitasking.
• Park at the end of the parking lot, so you get to walk.
• Meet with friends at the gym or a hiking spot rather than a bar or restaurant.

You get the idea.  Get in the habit of looking for ways to create better habits.  What habits could you alter slightly to make a big difference?  Which things can you automate or outsource?

For two books about the subject, I recommend Tiny Habits by B.J. Fogg and Willpower Doesn't Work by Benjamin Hardy. 

Focus on Your Progress.

In this case, it really is about the journey.  Instead of keeping track of how far you have to go ... notice how far you've come. Utilize an internal locus of control. It is about creating energy, momentum, and a sense of possibility.  You may have a big, hairy, audacious goal in mind.  That's fine, as long as you realize that reaching each milestone along the way is still an accomplishment.

• Find shoes that don't hurt your feet.
• Pick a gym or a personal trainer that you enjoy.
• Run more than two laps without stopping.

It doesn't matter what they are ... they all count, as long as you know that you are moving in the right direction.

Summary

The point of this exercise was not really to focus on fitness. These techniques and goal-setting tools work in any situation. The principles are:

1. First, figure out what you want and why it is important to you. Only focus on the few things that are actually important to you. 
2. Second, find something you can do, right now, which moves you in the right direction.
3. Third, notice which things create (rather than take) energy. Spend your time on those, and automate or create routines to take care of the rest.
4. Fourth, plan forward, but measure backward. Set milestones so that you can recognize and celebrate your progress.

In my business, this translates to having a mission and vision - it's what we want, why it's important to us, and a basic strategy to get there. Then we create yearly "Big 3" goals that move us toward that long-term vision. Then, the team creates SMARTs (goals that are specific, measurable, attainable, relevant, and timely) and KPIs (key performance indicators) so they know where to spend their time, and what milestones tell them they're on the right track.

It isn't magic, but it works.

Hope this helped.

Greatest Strength or Greatest Weakness

I often talk about "unique abilities"... Those skills that define you and also bring you energy and joy. 

But, often, our greatest strengths also can be our greatest weaknesses (especially when you overuse them). I shot a brief video on the subject (under three minutes). Check it out. 

 

When we get good at something, it's easy to focus on that thing myopically. It makes sense. You develop a habit because you often get rewarded for doing it.  Consequently, it makes sense to focus on your strengths and leverage your unique abilities.

On the other hand, no technique works all the time.  Further, the "recipe" that got you here isn't necessarily the recipe for next.

With that said, you shouldn't neglect opportunities to find other ways to win or to seek improvement around you by intentionally growing the collection of unique abilities at your disposal.  One way to do that is to add 'Who's to your team whose unique abilities are the 'How's you need.   

Recognizing which new capabilities you need can be the job description for a person or the "spec and scope" of a technology solution.  In either case, it frees you to focus on setting your sights higher and doing more of what matters and adds the most value. 

A-To-Z of The Internet Minute in 2021

As I get older, time seems to move faster ... but it's also true that as I get older, more is accomplished every minute. 

Technology is a powerful force function. In fact, the amount of data in the digital universe effectively doubles every two years. 

Every couple of years, I revisit a chart about how much data is generated every minute on the internet.  

In reverse chronological order, here's 2018, 2015, and 2011. 

Here's an excerpt from 2015 for some perspective: 

Compared to 2008 here is what's happened with social networks:

• The number of people online has more than doubled from 1.4 billion to over 3 billion (2021 #: 5.2 billion) 
• Facebook has gone from 80 million users to more than 1.4 billion (2021 #: 2.89 billion
• Twitter had 2 million accounts and now it is 300 million and counting. (2021 #: 206 million ACTIVE users after a big bot deletion)
• The number of smartphones was 250 million in 2008 and today there are more than 2 billion. That is an 800% increase! (2021 #: 6.37 billion)

Today this is what happens every minute on the web.

• 4 million search queries on Google
• Facebook users share 2.46 million pieces of content
• Email users send 204 million messages

Throughout its (pretty short) history, the internet has been arguably the most important battlefield for relevancy and innovation. 

So, what does the internet look like in 2021?

DOMO via visualcapitalist 

Looking at the list, we see new editions like Clubhouse and Strava. Partially due to the quarantine, you're still seeing an increase in digital cash transfers with tools like Venmo, an increase in e-commerce shops like Shopify, and an increase in (you guessed it) collaboration tools like Zoom or Microsoft Teams. 

Just to pick out some of the key figures in the chart this year. 

• Amazon users spend $283,000
• 6M people shop online
• TikTok users watch 167M videos
• and, Zoom hosts 856 minutes of webinars. 

Before 2020, I already thought that big tech had a massive influence on our lives. Yet, somehow this past year has pushed their impact even higher. 

One other thing this chart also helps put into perspective is the rapid rate of adoption. As you look at different year's charts, you can see how quickly apps have become part of the cultural zeitgeist. 

How do you think these numbers will grow or change in 2022? 

Drunkest Countries Per Capita

The holidays and the winter months tend to have a negative impact on collective mental health. 

Many jump to alcohol to make it through.

Which countries would you guess consume the most alcohol per capita?

Several people I asked quickly guessed Russia without even looking at the chart.

Well, here's the chart.

via visualcapitalist

Europe did top the list with 8 of the top 10 countries. However, Russia did not make the list. 

via visualcapitalist

The Cook Islands top the list with almost 3.5 gallons of alcohol annually per capita. 

Thriving Through The AI Revolution

The world is poised on the cusp of an economic and cultural shift as dramatic as that of the Industrial Revolution. - Steven Levy

Artificial Intelligence is one of my favorite things to talk about ... It makes so much possible! 

In a previous article, I mentioned that forecasts expect AI to impact or eliminate up to 50% of current jobs. Nevertheless, I think that is the start of the story. The ultimate impact will be more significant and more positive than most people expect.

Freeing humans to do more has always been a boon to society. Electricity put a lot of people out of work ... but, look what it made possible.

We'd be naive to think AI isn't going to influence the job market, but that doesn't mean you can't navigate that shift. 

A Look At Industrial Revolutions

The Industrial Revolution has two phases: one material, the other social; one concerning the making of things, the other concerning the making of men. - Charles A. Beard

There are several turning points in our history where the world changed forever. Former paradigms and realities became relics of a bygone era. 

Today, we're at another turning point.

Tomorrow's workforce will require different skills and face different challenges than we do today. You can consider this a Fourth Industrial Revolution. Compare today's changes to our previous industrial revolutions. 

• First industrial revolution - Discovery of the steam engine and creation of factories
• Second industrial revolution - Introduction of the assembly line and mass production
• Third industrial revolution - The world wide web and computers connect the world together, heralding the digital age. 

Each revolution shared multiple similarities. They were disruptive. They were centered on technological innovation. They created concatenating socio-cultural impact.

The fourth shares all the same hallmarks.

We're harnessing new technologies like AI, the IoT, renewable energy, and the blockchain. Automation will reach new levels in this revolution. But there also will be an explosion of new fields, new markets, and new necessary skillsets - it's going to impact the world as holistically as electricity did. 

How will humans create value in an increasingly automated world?

I believe that, if managed well, the Fourth Industrial Revolution can bring a new cultural renaissance, which will make us feel part of something much larger than ourselves: a true global civilization. I believe the changes that will sweep through society can provide a more inclusive, sustainable and harmonious society. But it will not come easily. - Klaus Schwab

One of the distinctions I've recently made about the industrial revolutions is that for a long time, technology helped humans act like robots. Think about a plow and a farmer, or a seamstress and a sewing machine. After that, it helped robots try to act like humans, which you've seen more recently. 

I believe we're at another inflection point, where new capabilities will free up humans to be more human and to pursue more of what they really want. 

Robots can do many things, but they've yet to match the creativity and emotional insight of humanity. As automation spreads to more jobs, the need for management, creativity, and decision-making won't go anywhere ... they may be bolstered by data analytics, but they won't disappear. 

Our uniqueness and flexibility rightly protect our usefulness. AI and automation free us up to be our best selves and to explore new possibilities. 

These are exciting times!

The Promise And Peril of AI with Alan Olsen

In 2017, I shot my first video with Alan Olsen. Alan is a wealth manager to the ultra-affluent.  His American Dreams show is immensely popular with the High-Net-Worth demographic in Silicon Valley.

Alan's show is about finding your path in life, and what it takes to make businesses thrive through adversity and challenging times. 

In my first video with him, we talked about defining a meaningful life. We started by talking about my career path from a young lawyer to spending over 25 years running tech companies ... and the lessons learned along the way.

I recently shot a new video with him – this time on the promise and peril of AI. It has over 3,500 Likes on YouTube.  Watch it here.

 

via The American Dreams Show

The main issue addressed during the video is how you can best get what you want as the world changes and forces like AI terraform the world and your role in it. 

It's worth watching.

Ultimately, I believe AI is simply another vehicle freeing human nature. As AI does what humans used to ... you have an opportunity to choose what to do with the freedom you get.  Will you relax or lift your gaze to something better?  The choice is yours.

Similarly, some will want to direct new AI capabilities towards things they want to monetize better.  Others will want to weaponize AI.  Still others will use it to spread peace and love. 

You've seen it with nuclear power (and a host of other technological capabilities) ... tools aren't good or bad in and of themselves - it is what people use those capabilities for that determines their impact. 

The Rise of Remote Work

Remote work has been increasingly popular because of the pandemic ... but even as more people have vaccines, and some are even getting booster shots, the love for remote work stays. 

via Buffer - State of Remote Work 2021

But some industries are adopting it more than others. 

via Visual Capitalist

I'll be honest ... when I first saw this, I was like, "Retail's that low? That can't be right". But then I realized... I never really go to stores. What would I know?

Seeing the rise of remote work in Media & Tech is unsurprising. But, I will be curious to see what percentage of these businesses stay remote as we move further away from the "worst" of Covid-19. 

As I mentioned in this video, hybrid solutions are the answer. There's too much benefit to the culture of companies that spend real time together in person. While I believe productivity can remain high at home or in the office, the sense of camaraderie is hard to sustain if you rarely see each other in real life. 

That being said, employees are reporting being happier and more productive at home.  Consequently, I wouldn't bet on the move back to the office happening quickly. Meanwhile, companies also are suffering through the "great resignation."  Clearly, the game has changed – and so must their strategies and tactics. 

The culture of work is in a massive period of transformation. Regardless of where your specific company or industry ends up, all businesses will have to increase the amount of employee care they provide. Just as the heart of AI is still human, so is the heart of our businesses. 

You shouldn't be forced to take care of your employees ... you should want to. This past year+ has been challenging for everyone, and it's important to keep that in mind as you make decisions. 

Here Are Some Links For Your Weekly Reading - October 24th, 2021

Here are some of the posts that caught my eye. Hope you find something interesting.

Lighter Links:

• Resilience Is About How You Recharge, Not How You Endure. (HBR)
• Can this Company Take Pet Cloning Mainstream? (TexasMonthly)
• China's Test of Orbital Hypersonic Missile Is a Big Deal. (Dailysignal)
• AI 2041: Ten Visions For Our Future. (NextBigIdea)
• The Head of NASA Says Life Probably Exists Outside Earth. (Quartz)

 

Trading Links:

• Denver Airport's Jobs Fair Hoped For 5K Visitors – Only 100 People Showed Up. (FoxBusiness)
• Trump SPAC Skyrockets As Much As 1,657% Since Deal Was Announced. (CNN)
• Hedge Funds Slash FAANG Exposure to Two-Year Low Before Earnings. (Bloomberg)
• Scoop: Facebook Exec Warns of "More Bad Headlines". (Axios)
• Tesla CFO: Profound Awakening of EV Desirability Has Caught Company Off-Guard. (GCR)

Get Yourself Optimized with Stephan Spencer

I was recently on a podcast with Stephan Spencer where we talked about the future of AI - of course - but also about personal development, mindsets, and the hidden opportunities created by the byproducts of your strategies and business models. 

It was a nice talk, and I hope you enjoy it and find it helpful.

 

via Get Yourself Optimized

The whole video is worth a watch, but the idea of strategic byproducts is a simple but powerful one. Essentially, while you're working on your core business, or operating your core business, you'll often realize that you have created other capabilities or outcomes of that business that can become a complementary business or platform in-and-of-itself. Instead of just being the exhaust of your business, they can become a valuable resource and the path to something new and potentially bigger and better than the original business. 

That conversation starts around the 18-minute mark and picks back up around the 38-minute mark. 

Stephan Spencer does an excellent job of that, not only in his businesses but with his podcast. What could simply be a video he records with the interviewee becomes audio, a transcript with highlights, a timeline of topics, and a checklist of action items that he (or you) could personally take from the interview. 

He's already shot the podcast - so why not capitalize on the "exhaust" of it as well.