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5 Ways Opportunity Addiction Can Negatively Affect Your Career

5 Ways Opportunity Addiction Can Negatively Affect Your Career

Gambling addicts and hoarders may seem like two very different groups of people. The former risks losing everything and the latter doesn’t let anything go. Although there are many different reasons why people gamble, as well as many different reasons why people hoard, a large proportion of people in both of these demographics seem to share a common problem: addiction to perceived opportunity.

Gamblers see opportunity in every bet.

According to a study of pathological gambling in the journal , “Chasing losses was associated with increased activity in cortical areas linked to incentive-motivation and an expectation of reward.” Chasing losses is widespread among gambling addicts, driving the individual toward perpetual investment in a game where they are mathematically guaranteed to lose everything over time. Although the opportunity is not real, it is the perceived opportunity keeping gamblers trapped in the downward spiral.

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Hoarders see opportunity in every possession. 

Many hoarders face a similar cognitive trap. In the book Stuff: Compulsive Hoarding and the Meaning of Thingsthe authors present case studies of various hoarders. One common trait among many hoarders is the idea that some day their stuff will come in handy; throwing something out could mean throwing away a potential opportunity. One hoarder described her inability to discard any special offers from the mail, believing that one day the offer would be of use. Addiction to perceived opportunity keeps hoarders trapped in the downward spiral of acquiring so many trivial possessions, but lacking the ability to make any meaningful decisions regarding how to manage it all.

Opportunity addiction is a major component of FOMO.

Fear of missing out (FOMO), has recently become a popular concept. It is often discussed as a modern anxiety characterized by fearing social exclusion; but this is only part of the problem. Just like gamblers and hoarders, FOMO is a form of addiction to perceived opportunity. Think about it; compulsively checking your phone, Facebook page, or email is more of an addiction than a fear response.

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Here are five ways opportunity addiction can negatively affect your career:

  1.  Spreading yourself thin by getting involved in too many projects.
  2.  Checking emails too often at the cost of doing focused work.
  3.  Cluttering your desktop with documents that might be important.
  4.  Passing out too many business cards at conferences without deeply connecting.
  5.  Checking LinkedIn too often.

The thought of opportunity may limit your action toward actual opportunity.  

Opportunities are created when you build skills that allow you to provide something of value in the world or when you connect with others who want to use your product or skill. The former is education and personal/professional development; the latter is sales/marketing. Opportunity addiction distracts us from doing the things that matter by allowing us to take an easy way out.

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Holding on to the idea that we will eventually hit the career jackpot, we compulsively distract ourselves by checking messages, saving articles or offers we believe we’ll deal with later, and spamming potential contacts or customers without getting to know them or their unique needs.

Be aware of your habits.

Addiction to perceived opportunity may be an ingrained part of the human condition, but it can be overcome. Recent research in the field of Neuroscience is demonstrating that our habits can become addictions. Habits are also a key target among Cognitive-behavioral therapists who treat addictions. Among addicts, strong desire is triggered during particular daily routines, actions, or physical locations.

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If you find yourself regularly squandering your time on tasks that keep you from doing the work that matters, create a plan to break the habit. Just as you would set an alarm-clock across the room to prevent your arm from habitually turning it off without you noticing, identify problematic points in your day and pre-plan an alternative way of conducting your task, bypassing situational triggers. This is distinct from anxiety treatments that slowly expose individuals to their triggers. Addicts are retraining a dysfunctional reward mechanism rather than a dysfunctional fear mechanism.

We might want to reconsider the accuracy of the “F” in FOMO. Many fixations with new forms of media seem to be based on addiction rather than fear.

Featured photo credit: addictionmodesto via addictionmodesto.com

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Last Updated on March 12, 2019

20 Inspiring Vision Statement Examples (2019 Updated)

20 Inspiring Vision Statement Examples (2019 Updated)

There is normally a lengthy list of things you need to consider when starting a business, and if you don’t manage them properly, your excitement can quickly turn into overwhelm. What can support you to stay inspired and on the right track when starting out? You guessed it: this is your vision statement.

What Is a Vision Statement?

A vision statement is like a photograph of your future business, which gives your business shape and direction.

A vision statement provides the direction and describes what the founder wants the organization to achieve in the future; it’s more about the “what” of a business. It is different from a mission statement, which describes the purpose of an organization and more about the “how” of a business.

If you were to take a photo of your future business now, what would it look like? What do you want your business to be recognized for one day?

You need to have a crystal clear vision when you start out, otherwise you can get easily lost in deciding the best way forward. When you are making strategic decisions for your business and even daily operation decisions, your vision statement will give you the inspiration and targeted direction you need.

The Importance of a Vision Statement

Without a vision statement, your business will lack motivation to keep going.

If you don’t aim for anything, you might not hit anything. The more specific and clear you are, the better your chances are at seeing your vision turn into reality.

The importance of a vision statement cannot be overlooked; not only does it provide long term direction and guidance, but it also gives you the inspiration and the necessary energy to keep going when you feel lost.

Always keep your vision statement alive by revisiting it regularly and communicating your vision with other members of the team, to inspire and motivate them as well.

How to Craft an Inspiring Vision Statement

1. Dream big and use clear language

An inspiring vision statement should inform a clear direction and priorities for the organization, while challenging all the team members to grow together. Based on our expert sources’ advice, we’ve got some great tips for you:

  • Imagine how you want the business to be like in five to ten years.
  • Infuse the business’ values in the statement.
  • Make sure that the statement is implying a clear focus for the business.
  • Write your vision statement in the present tense.
  • Use clear and concise language.
  • Ensure the statement is easily understood.

There are many different types of vision statements and there is no wrong or right way to do it. The most important thing is to resonate with it. It will always inspire you and give you a clear targeted direction.

2. Get inspirations from the successful companies.

Having researched on a number of successful companies’ vision statements, I’ve shortlisted 20 good examples for the new startups:

Short vision statements made up of a few words only:

1. Disney

To make people happy.

2. Oxfam

A just world without poverty.

3. Ikea

To create a better every day life for the many people.

Quantitative statements are based on numbers, quantities:

4. Microsoft

Empower every person and every organization on the planet to achieve more.

    5. Nike

    Bring inspiration and innovation to every athlete* in the world. (*If you have a body, you are an athlete.)

      Qualitative statements are based on qualities that you want to have:

      6. Ford

      People working together as a lean, global enterprise to make people’s lives better through automotive and mobility leadership.

      7. Avon

      To be the company that best understands and satisfies the product, service and self-fulfillment needs of women—globally.

      Competitor based statements – this type is becoming less common, but famous examples are:

      8. Honda – in 1970

      We will destroy Yamaha.

      9. Nike – in 1960s

      Crush Adidas.

        10. Philip Morris – in 1950s

        Knock off RJR as the number one tobacco  company in the world.

        Role Model Vision Statements – using another company as an example:

        11. Stanford University – in the past

        To become the Harvard of the West.

        12. Reach for Success – in the past

        To become the next Tony Robbins in self development.

        Internal Transformations vision statements:

        13. Apple

        To produce high-quality, low cost, easy to use products that incorporate high technology for the individual.

        14. Giro Sport Design

        To make sure that riding is the best part of a great life.

        15. Tesla

        To accelerate the world’s transition to sustainable energy.

        16. Sony

        To be a company that inspires and fulfills your curiosity.

        17. Facebook

        To give people the power to share and make the world more open and connected.

          Longer and more detailed vision statement:

          18. Walmart

          To give customers a wide assortment of their favorite products, Every Day Low Prices, guaranteed satisfaction, friendly service, convenient hours (24 hours, 7 days a week) and a great online shopping experience.

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          19. Coca Cola

          To achieve sustainable growth, we have established a vision with clear goals:

          Profit: Maximizing return to share owners while being mindful of our overall responsibilities.

          People: Being a great place to work where people are inspired to be the best they can be.

          Portfolio: Bringing to the world a portfolio of beverage brands that anticipate and satisfy peoples; desires and needs.

          Partners: Nurturing a winning network of partners and building mutual loyalty.

          Planet: Being a responsible global citizen that makes a difference.

            20. Heinz

            Our VISION, quite simply, is to be: “The World’s Premier Food Company, Offering Nutritious, Superior Tasting Foods To People Everywhere.” Being the premier food company does not mean being the biggest but it does mean being the best in terms of consumer value, customer service, employee talent, and consistent and predictable growth.

            The Bottom Line

            Remember, always keep your vision statement up-to-date to direct your company’s actions.

            Remember, once you reach your vision, it needs to be changed. General Motors overtook Ford as #1 automotive company in the world because once Ford’s goal was reached, they never updated it.

            Keep your vision statement alive and visibly in front of you, revisit it and let it help direct your actions and activities. This is the fun part: this is where you get to dream really big and allow your imagination to fly as high as you want.

            Don’t hold back, let your creative juices flow and give yourself permission to explore what is possible for your business.

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            To your success!

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