never eat alone blog

Tip 152 - Money Madness

In Spencer Sherman's book The Cure for Money Madness, He talks about "money messages" that are transmitted to us in childhood and that reflect the particular culture, economic background, beliefs, and even politics of our family and community. 
 
My "money monster," a fear of scarcity, caused me to pass years without getting a solid grip on my finances. My entire approach to personal bookkeeping back then was "ATM card in, money out." In other words, total avoidance. Not a responsible approach! Your money monster might drive you to invest rashly or feel paralyzed when confronted with financial decisions, to spend too much or save too little, to believe that you can never make "enough" money or to regard money as unimportant, or even to use money as a weapon to emotionally manipulate others - the list goes on and on. 
 
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Reaching Out With the Right Currency

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Building Relationships for Career Success in a Downtown Market

On Wed January 28th I will be speaking in a Tele-seminar about building relationships for career success in a downtown market. It is at 4:00 EST (1:00 PST) and will last an hour. Click here for more information and to sign up.

Tip 151 - Learn how to Motivate Like a CEO

Here’s a book you should know about -- Motivate Like a CEO: Communicate Your Strategic Vision and Inspire People to Act! by Suzanne Bates.  The book is the follow up to Suzanne’s Speak Like a CEO (2005). If you don’t know Suzanne’s work, she is to communication what I am to relationships – her work teaches others how honing your communications skills can make a major difference in your career success.

Suzanne convincingly argues that now, more than ever, leaders need to step up to the plate and motivate their employees in order to drive their organizations’ goals forward. I couldn’t agree more.

 

How to Be Purposeful & Authentic

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Personal Promise

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Ferrazzerita

After last week’s Tip of the Week, many of you asked for the recipe for the Ferrazzerita. I had no idea you were all such lushes! Here’s the recipe – hope it doesn’t disappoint, because it’s as basic as it comes: Tequila, margarita mix, and Crystal Lite. That’s it. What makes ours special is that we make it in a margarita machine, so that it’s frozen. Garnish with lime.

Inviting the World to Dinner

Thanks to entrepreneur Jeremy Salter for sending me this link with this description:

I just had to share this quick clip from NPR: This I Believe.  It’s a great series that engages people in writing, sharing, and discussing the core values and beliefs that guide their daily lives.  This particular clip is about hosting a weekly dinner.  But not just any weekly dinner, a dinner where Jim Haynes invites friends and often complete strangers into his home.  All in the spirit of introducing people to each other and encouraging them to make personal connections.

Inviting the World to Dinner

Networking Study

My friend Karen passed on this press release – the news that you need to “build it before you need it” won’t be a shocker to anyone reading this blog, but it’s nice to put some numbers behind the idea.

Timely New Study Finds Professionals Who Network Consistently Instead of As Needed Earn More and Are Better Protected From a Recession
 
Sunnyvale, CA, January 12, 2009 -- When the pink slip arrives or necessity calls for a job change, most professionals reluctantly start networking, but those who network consistently instead of as needed earn much more and are better protected finds a new study from Upwardly Mobile Inc. with the assistance of the Graziadio School of Business Management at Pepperdine University. Among the findings:
 
• Elite professionals earning more than $200,000 a year, more so than other respondents, cited networking as important to their careers and self-reported a greater networking ability. They leverage their network more, use job sites less, and consider networking a lifestyle rather than a tool to be used when needed.

• Thirty-one percent of elite high-earning professionals versus 19 percent of the non-elite spend one to two hours each week networking.

• Twenty-nine percent of the non-elite network only when there is a need versus 18 percent of the elite.

• Fifty-seven percent of elite professionals say job sites have no impact on their career advancement while less than 35% of those in the non-elite group felt job sites have no impact.

• More than 80% say networking impacts income. 58% believe a skilled networker could see up to a 100% increase in income.

• Forty percent of respondents said networking is how they found their current job.

• The highest earners said the single most critical factor in determining the value of their network isn't the depth of their relationship with contacts or the size of their network, but breadth of connections with the right contacts--contacts willing to recommend them.

• Among the online network management tools used by respondents, LinkedIn is seven times more popular than its nearest contender Monster.

"What surprised us was that most people use networking as a one-time reaction to unemployment or a recession instead of long-term protection that can smooth career transitions," says Promise Phelon, CEO of Upwardly Mobile, Inc. “It’s clear that a regular, purposeful networking habit, not just a profile on your favorite professional networking site, will lead to greater mobility and downside protection during tough economic times.”
 
"The study reinforces the value of networking to career advancement and the demand from professionals for better skill development and tools as part of their education," says Linda A. Livingstone, Dean of the Pepperdine University's Graziadio School of Business Management. “If our economy is telling us anything, relationships and trust matter. We hope that our alumni and graduates of all top MBA programs understand that the relationships they build will have a direct impact on their professional success.”
 
 
Study Background:
 
Upwardly Mobile, Inc. with the support of Pepperdine University's Graziadio School of Business Management, conducted research for this study in April 2008. Upwardly Mobile helps professionals more effectively leverage their professional networks to achieve career success. Six hundred and thirty-seven respondents completed a Web-based survey with 22 questions. A select group of participants also elaborated on their responses during 45-minmute interviews. The purpose of the study was to understand the guiding principles for professional networking and how those principles translate into regular practices and skills that enable professionals to achieve immediate and long-term career goals.
 
For a free PDF download of the 28 page study, Click here. 

Special Thank You to CASE and NAIS

A couple nights ago I spoke before members of the National Association of Independent Schools and CASE and it left me feeling particularly grateful.  It allowed me to reconnect with the amazing experience and gifts I was given as a boy; it was men and women like those in the audience who gave me the opportunities I had as a poor scholarship kid. 

My speech was centered around how they can unleash the powerful community of support that will bring their institutions much needed resources. Afterwards I wrote them a thank you, which included these lines which I hope will be helpful to my readers here:

In practice, I hope you will read this and the next person you see will benefit from your new personal mantra: "How can I find something in this person to care about?"  And ask them to tell you their story.   And then ask them,  "How can I help you?" Do this today.  Do this when you get back to your schools and do this when you reach out to those alumni who are also in need of this message. 

The relationships around you are waiting for you to help them reach their dreams and you yours.