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How to Win More by Giving up for the Right Reason

How to Win More by Giving up for the Right Reason

One of the core practices in Buddhism is non attachment. Buddhists believe that forming emotional attachments to things, will inevitably lead to suffering. Whilst this notion has been taken to extremes, with people not forming attachments to anything, abandoning all possessions and forsaking friendship. I believe that non attachment can be beneficial in certain ways, especially when it is applied to our ideas and goals.

It is perfectly natural to cling to our ideas. To want to work day and night to see them through. This is commendable. However, it could be said, that in some contexts, the idea of never giving up on something, no matter the costs, is well…inefficient.[1]

Instead of seeing it as giving up, see it as retreating.

What is Steve Jobs famous for?

I’d bet almost all of you answered “The founder and late CEO of Apple”. I’d again bet that none of you said, the founder of NeXt.[2] This was a company similar to apple that Jobs Founded during the few years he left Apple.

The reason for this is that the company was ultimately a failure, and was later brought up by Apple once Steve Jobs returned to the company. Though Jobs spent time, energy (and $7 million) on the company, he gave it up as it was not a success. He didn’t spend years after, losing his money and the rest of his credibility on NeXt as it sank, and Apple rose in strength and influence.

Walt Disney once founded Laugh-O-Gram, an animation studio he hoped would be the launching ground for his ideas.[3] Laugh-O-Gram soon went bankrupt and crashed, undeterred, he founded another studio. Walt Disney Studios. You’ve probably seen some of their work.

What these stories teach us, is that, ultimately not all ideas are created equally. NeXt wasn’t the next Apple, and Jobs came to know this. For whatever reason Laugh-O-Gram, didn’t have that magic X factor that Walt Disney Studios came to have, and again, Walt Disney came to know this.

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Of course, it’s good to be passionate about our ideas, but that passion can leave us blind to real faults. If we take a step back at our ideas and look at them objectively, we may see things that should be changed or perhaps the idea could be abandoned entirely in favor of a better one to come along.

Ultimately, if instead of seeing our ideas as things to fight for whatever the cost, but investments of time, effort, and money. We may come to see our ideas and projects differently.

In military history, there are countless stories of armies retreating from battles in order to win more important, larger battles. There are also stories (think Napoleon’s catastrophic invasion of Russia) of armies heading into battles or campaigns which ended in disaster (Napoleon never recovered from the loss). Its the same thing.

It’s difficult to let go because we fear that we waste the effort we’ve spent.

We like to think that our value of things such as projects or goals comes from our wish to see them through, or perhaps a prediction of their later worth. However our ultimate attachment actually comes from a complex web of emotional attachments created not by our views of its worth, but the time and effort already put into it.

In many ways, one of the most powerful aspects of our attachment to things is based on fear of our loss of that thing, as much as our liking or enjoyment of it. This false attachment based on loss is the sunk cost fallacy.[4]

For example: have you ever played a video game for a while, rebooted it up one day only to discover that the save file has been corrupted. Our frustration here doesn’t come from our the way it’ll take much longer to see how the game’s story progresses, or even the fact that we have to re-play it again, instead our frustration comes from the time we have spent on the game to amount to nothing.

The pain and frustration we feel when we lose out, is the same reason why Buddhists avoid forming attachments at all, as they feel this suffering is inevitable. But this isn’t necessarily the case.

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When the sunk cost fallacy is applied to our goals and projects, its easy to see how we can become attached to things that deep down we know might not work. Again, we don’t stick with them because we know their worth, we stick with them as we can’t bear to see the loss of it, or specifically we can’t bear to see the time spent on it amount to nothing.
In this way, abandoning the idea early on in favor of a better one can be the better option.

In the end, only you will know if or when to give up on something, but here is a short list of things to think about when in consideration.

How excited are you about it?

It could be a good idea to deeply examine how exactly you feel about your idea, project, or even current job that you may give up on. Does thinking about it stress you out? When you talk about it does you mood deflate and you try to change the subject, speaking enthusiastically about other things?

If its causing you stress and unhappiness, then perhaps its a good idea to truly consider how much it is worth to you. No idea is worth you health and happiness.

Plus, if you decide to stick with it, this unhappiness is only going to grow and expand, as deep down you know the thing you are spending your time on isn’t right for you
Listen to yourself and you’ll know the answer.

“What if?”

By now you’re probably thinking or saying those immortal words.

“What if this idea proves to be a great success”

“What if I am losing out massively?”

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We can never be sure of the answer to these questions, that’s why they are so powerful. But one thing we can be sure about, is that it is impossible to know the future.

“What if my book idea is the next bestseller?”

“What if its the next Harry Potter?”

Consider how truly realistic this is. There are many successful and published writers who only earn a decent living from their books. Every failed book ever written was written by someone who fought hard for it and didn’t give up on it. What if they spent that time on a better book? What if that better book was successful? They never found this out as they spent all their time and effort on a bad idea.

Can quitting leave you financially better off?

This is best explained with a gambling metaphor.[5]

How many times have you heard of a gambler putting everything they have into a bet, for that gamble to work out and they win big and are forever successful…Maybe that has only happened a few times. There are countless stories of gamblers putting everything into a bet, ending in them losing everything. Or if they win with the first bet, they lose it all in the second. Once again, the gambler’s commitment to win whatever the cost, is the sunk cost fallacy in point of fact.

It’s the same thing. If you put a significant amount of money into something, only for it to end in failure, that money is gone forever. That loss is greater still when you see time and effort spend on something as currency too.

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Who else is supportive?

When you consider the sunk cost fallacy, its easy to see why you might be biased, why your thinking is too subjectively bent towards an idea. In this way, getting the thoughts of others can be a better idea. There is no point asking friends, because as friends they are almost honor bound to tell you its a good idea and act supportive. But ask yourself how many people are clearly and visibly supportive and enthusiastic about your project or goal.

If there are many people, then, well you may be onto a winner. But if there are few, or even nobody, then ask yourself why that is, you might think its because they don’t care. But this isn’t the case. The biggest reason they may not be super supportive as they don’t want to see you fail and are trying to hint that what you are working on, may not be worth your time.

Letting go of what doesn’t serve you returns to you your best feature, your unique selling point.

When you put all your effort into something, there is always a risk of losing your most important feature. You risk losing that one thing that is the secret behind all your successes. If you quit something and that thing is truly returned to you and is ready to work for you again.

But what is it?

Well, the secret behind all your successes is yourself. If you put everything in an ultimately bad idea then you aren’t working with your best, but are working with the sunk cost fallacy. By quitting and working on something else, you gain all your passion and ability back.

It is difficult to consider quitting. I know that this is hard to hear. Again, only you should take the leap in giving up on something. If you are truly passionate about something, and others support you and think it a good idea. If you are happiest thinking about it and enjoy working on it, then fight for it with all its worth. If no part of you accepts this article and thinks I’m right in any way, then please, don’t pay attention to me.

I don’t know you, I don’t know your goals or ambitions. If I knew what you were working on its possible I’d think it a great idea.

But if somewhere this article connects, and deep down quitting seems like a good idea. Then maybe it is. Sometimes, giving up on one thing can lead to success in another.

Featured photo credit: Stocksnap via stocksnap.io

Reference

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Last Updated on February 1, 2019

How to Increase Your Self Awareness to Be Much More Successful

How to Increase Your Self Awareness to Be Much More Successful

Self awareness can be defined as having a clear understanding of your personality, including your beliefs, emotions, motivation, strengths and weaknesses.

A 2010 study by Green Peak Partners and Cornell’s School of Industrial and Labor Relations found that self awareness is a key and common characteristic of successful leaders. [1]

And research[2] by the Driehaus College of Business at De Paul University has also demonstrated that high self awareness leads to improved team performance.

Self Awareness Makes You Improve Much Faster Than the Others

“If I have lost confidence in myself, I have the universe against me.” – Ralicoph Waldo Emerson

Self awareness allows us to understand who we are, and how others see us. From this, we can determine how similar or different we are to other people.

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Individuals with high self awareness tend to live happier and more fulfilling lives. That’s because being self aware brings several powerful benefits, including:

  • Finding and expressing your authentic self.
  • Being proactive, instead of reactive.
  • Enjoying positive and harmonious interpersonal relationships.
  • Having deeper thoughts.
  • Revealing your true purpose.

One secret behind the magic of self awareness, is the fact that being self aware allows you to see your weaknesses. Once you know what they are, you can then act accordingly to fix them (where possible).

As an example, think back to a time when you achieved a major success in your life. Your confidence jumped off the scale, and suddenly, everything in your life began to look rosy. However, success was fleeting, and before long you were not only back where you started – but had lost your initial faith and confidence too.

Instead of seeing this as bad luck or personal failure, the better response would be to analyze exactly what happened.

What caused your success? What caused your failure? And what could you have done differently?

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By answering these questions, you’ll gain insight into your decision making and personality traits. Most importantly, you’ll be able to discover where you went wrong, and how you could avoid this next time around. This is how self awareness becomes a crucial partner in reaching your dreams and goals.

How to Increase Your Self Awareness

“Knowing others is intelligence; knowing yourself is true wisdom.” – Lao-Tze

Okay, you’ve now seen some of the ways that self awareness can boost your success in life. (And we’ve only scratched the surface of potential benefits.)

It’s now time to reveal several tips and techniques that will increase your self awareness.

Take a psychometric test: You’ll understand more about yourself

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Psychometric tests are ideal for raising your self awareness. The tests force you to think deeply about yourself, and how your react to different situations. Self reflection = Self awareness. Try this free, 100-question psychometric test offered by the University of Cambridge.

Keep a personal journal: It can reduce anxiety and depression at the same time

Writing a daily journal can be a great tool for increasing your self awareness. If your writing is honest and open, you’ll quickly discover things about yourself that you’d never previously realised. You’ll also begin to see how habits create your conditions. For self awareness purposes, your daily journal should (at the very least) list your biggest failures and greatest successes of the day. Science supports the effectiveness of journalism, with a recent Psychotherapy Research study[3] showing that writing a daily journal reduced anxiety and depression.

Learn to meditate: To clear your thoughts

If you’ve never tried meditating before, then you should definitely consider trying it, if you want to boost your self awareness. Meditation can help you to delve below the incessant chatter of your conscious mind, and instead, let you tap into the depths of your subconscious mind. As well as boosting your well-being and health, meditation can clear your thoughts, and help you to become more creative.[4]

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How to get started? There are plenty of books and videos that can teach you the basics of meditation. Alternatively, you’ll be sure to find mediation classes in your local area.

Ask for feedback: You’ll be amazed

Choose a close family member or friend who knows you well. Ask then to give you an honest appraisal of your actions, beliefs and motivations. You’ll be amazed (and possibly shocked!) at what you hear. In fact, it’s likely that you’ll gain a completely new perspective on yourself. Use this new knowledge to make positive changes that could increase your effectiveness and success in life.

Through boosting your self awareness, you’ll begin to see new, exciting opportunities for growth and success. You’ll also learn how others see you. This will help your interpersonal relationships – as well as your ability to read others.

Self awareness can help you predict the success of others. It can also help you predict your own success.

So, choose to follow in the footsteps of the highly-successful, and start developing your self awareness today.

Reference

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