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Last Updated on July 21, 2021

How Do You Measure Success: 10 New And Better Ways

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How Do You Measure Success: 10 New And Better Ways

“Larry is a failure at everything except life.”

That was a memorable line from a somewhat forgettable Ted Danson movie in the 1980s. Pithy, it did encapsulate one eternal truth, namely that life is the goal. Making the most of one’s limited time in this world is the core measure of success.

So how do you measure success?

Money is meaningless until you do something good with it. Fame is fleeting and tertiary at best. But life and how you live it – in business, in family, in everyday interactions – is the true measure of accomplishment.

The Inside and Outside of Success

Life occurs within and outside of you. The two – yourself and everyone else – are interconnected. Their lives, and thus their success, are influenced by you and your success which is influenced by them.

It becomes clear that any measure of “success” cannot be one dimensional. There are many metrics, but if a person looks only at those that directly affect them, then they lack a complete measurement. It is good to succeed in business, but it is important to succeed in life. The two are not mutually exclusive, and in some ways positively reinforcing.

10 New Ways of Measuring Success

For a Successful Business

In business, it is not always the bottom line that defines success. I won’t argue against it – profitability is the first rule of business, because unprofitable companies do not survive. Just beyond that are some success measurements that are nearly as important:

1. Hitting Your Goals

If you call “8 ball in the side pocket” and scratch, then you failed to hit your goal. Knowing and achieving your business goals is important.

But goals in business have many manifestations. Aside from profitability, some business goals include growing your market share, disrupting a market, having very high customer satisfaction rates, reducing product defects, and more, and more, and more.

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However, you cannot achieve your business goals unless you know what they are, communicate those goals to your employees, and measure the results. Many people in business are vague about their goals. They are not clear in making everyone in the company embrace the goals or checking on progress.

None of these success-generating steps is difficult, but success will likely not come without them

2. Growing Your Business

“Growth” is quite personal, even to an executive.

In this, a business is a bit like a child. As the business’s parent, you get a certain satisfaction in raising it, helping past the stumbling toddler years, seeing it blossom into adulthood, and ever expanding its horizons. In the process, you grow the lives and fortunes of your employees, your shareholders, your community and your country.

3. Low Turnover

According to an article in Forbes, the turnover rate is the highest it has been in a decade. My company, Micrel, had the lowest employee turnover rate in our industry, as well as having the highest “boomerang employee rate (people who left the company and decided to come back).[1]

This form of success is a reflection of the corporate culture you created. A bad culture creates a high turnover rate, and a good culture a low one.

4. A Well-Balanced Life

All work and no play make Jack a dull boy, and often a jerk. The reason is that life is not work, only a part of it. A wealthy captain of industry that never takes long and relaxing walks holding the hand of a loving spouse is not a success.[2]

Measuring balance in your life is non-productive. But when you lack balance, it is easy to measure. The shortfall of joy, the failing health, the shattered marriages, the estranged children … these are the heavy weights placed on the wrong said of life’s scale, and they are a clear enough measure.[3]

5. Sharing Your Success with Others

Ebenezer Scrooge, and Jacob Marley before him, horded their wealth. It cost Marley everything.

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“But you were always a good man of business, Jacob,” faltered Scrooge, who now began to apply this to himself.

“Business!” cried the Ghost, wringing its hands again. “Mankind was my business. The common welfare was my business; charity, mercy, forbearance, and benevolence, were, all, my business. The dealings of my trade were but a drop of water in the comprehensive ocean of my business!”

Sharing is perhaps the true measure of all success, be it a wealth of money, time, patience, knowledge, wisdom or good will.

For a Successful Life

Which brings us to the non-business side of the business life. As your business affects your personal life, so too does your personal life affect your business. The two cannot be separated. Some elements that should be on your success scorecard include:

6. Good Health

The enjoyment of life is at best incomplete in poor health. At worst, it is hellish.

Now take poor health outside of your body. How does being sickly affect your company (when you cannot lead fully), your family (their support and their stress over you), your community (when you can no longer serve)?

Good health is a gift unto itself, but also to everyone you touch. Don’t cheat anyone out of your good health. Do what is necessary to keep your machine in good working order as the first imperative toward success.

7. Healthy Family

Family is love and support. Every person’s role is to grow their family, to stay connected, to provide love and support. In that giving to others, you improve their lives while improving yours.

It also lays the groundwork for you receiving love and support when you need it. If you are launching a business and taking the risks that go along with it, you will need that love and support.

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8. Learn to do the Tough Things First

In or out of business, we are all faced with seemingly insurmountable obstacles. But we humans have this funny knack of overcoming them.

Indeed, we do it so routinely that out sight miracles that go against nature – flight, the internet, leaving the planet on rocket ships – has become almost blasé.

None of these things were accomplished instantly. They were the result of many small successes. The ones that happened fastest were where a person or a team looked at all the problems, took on the biggest and toughest first, then conquered it. They did the Tough Things First, which made the rest of the project much simpler and more exciting for everyone.

This applies to daily life as well as business. If you are planning to relocate your spouse, several children, pets and all your worldly belongings across country, the task likely looks overwhelming. But the moment you prioritize the list of tasks, and knock the biggest and ugliest off the list, the rest seems like a cakewalk.

9. Being a Teacher

One of the highest compliments I ever received was from an industry analyst who said that I was a “teacher”.

Yet we all are, or can be, teachers. It may be providing basic life lessons to a child on your knee, instructing an employee in complex processes or technologies, or even teaching by example via living a good life.

For me, one joy has been writing a good book on management and leadership, and another about the intersections of people, society and business. It is by teaching, and in my case writing, that you directly benefit others.

Life can be complex, filled with many topics and problems. By sharing knowledge and wisdom, we lead others past difficulties and on toward their own greater success.

10. Dignity and Honor

My marketing director is a proper Southern Gent, which is easily discernible by a well-honed sense of honor. You don’t have to be a southerner to live a life of dignity and honor, but if you are male you do have to be a gentleman.

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Dignity circles around self-respect and honor involves acting with honesty, fairness, and integrity. The latter leads to the former. Indeed, you cannot have self-respect without practicing the basic virtues of honesty, fairness, and integrity.

Why is this a measure of success? Because we humans are social animals, and society exists only because of trust.

Honesty, fairness, and integrity are the cornerstones of trust, and thus the foundation of society. A person is truly successful when they add to society.

Final Thoughts

All this brings us back to the dictionary definition of “success”, which is:

“the favorable or prosperous termination of attempts or endeavors.”

You may or may not be a businessperson, but you are always a person. Your endeavors are both in and out of the office. Since each sphere affects the other, the true measure of success lies in how you managed your affairs in all facets of existence, for they cannot be viewed in isolation.

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Featured photo credit: rawpixel via unsplash.com

Reference

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Ray Zinn

Ray Zinn is an inventor, entrepreneur, investor, angel, bestselling author and the longest serving CEO of a publicly traded company in Silicon Valley.

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Published on October 14, 2021

How to Silence the Impostor Syndrome

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How to Silence the Impostor Syndrome

Do you ever worry about being exposed as a “fraud?” You’re not alone. It’s actually quite common for people to feel like imposters. In fact, approximately 70 percent of people admit to having experienced impostor syndrome[1] at some point in their lives — a Twitter poll found that 87 percent of people have experienced this.[2] Even successful and famous people like Tom Hanks, Howard Schultz, and Natalie Portman suffer from imposter syndrome.

But, what exactly is imposter syndrome. And, more importantly, how can you silence it?

Originally coined in 1978 by psychologists Pauline Rose Clance, Ph.D., ABPP, and Suzanne Imes, Ph.D., the term “impostor syndrome” describes symptoms that include being unable to internalize accomplishments and being afraid of being exposed as a fraud.

The individual may also be plagued by chronic self-doubt and believe that they’re unqualified for success despite evidence to the contrary. Inadequacies, fears of failure, and disbelief that success is a matter of luck or timing are also common.

If you don’t address this phenomenon, feeling like an impostor can prevent you from achieving ambitious goals. Moreover, those experiencing these feelings tend to over-prepare or procrastinate — which obviously hinders productivity and reaching goals. And, as if that weren’t bad enough, imposter syndrome prevents you from pursuing new challenges and opportunities.

Do you feel like you’re suffering from impostor syndrome? If so, don’t beat yourself up. After all, there are effective ways to overcome these feelings in a healthy and proactive way.

1. Don’t Hide It.

“Firstly, acknowledge it,” advises Claudine Robson,[3] the Intentional Coach. “You give strength to imposter syndrome by letting it continue to peck away at your confidence unchecked.” It can only be banished if you acknowledge it as soon as possible and break the silence.

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“Then you need to separate your feelings from facts,” Robson adds. “One thing imposter syndrome does very effectively is to mix up your perceptions of reality.”

If you can, take a step back and look at the situation objectively. “Recognize when you should — and when you should not — feel fraudulent,” she says. Appreciate and acknowledge the task, intellect, and insight that have led to your success.

You might even be able to take action by recognizing that the reason you feel fraudulent is that you’re new to a task. “That gives you a path forward; learning is growth, don’t deny yourself that.”

2. Implement the STOP Technique

In her book Cognitive Enlightenment, Melinda Fouts, Ph.D., outlines a technique to overcome imposter syndrome using what she calls the STOP technique.

“STOP is an acronym for ‘silence the oppressive player,” Fouts explains in Forbes.[4] “You need to eradicate this tape that is playing 24/7, whether you are conscious of it or not. It plays loudest when we are tired, hungry, or feeling defeated.”

Steps to implementing the STOP technique and rewiring your brain are as follows:

To replace the tape of not good enough, you need a “launch sentence.” “I’m more than good enough” would is an example of a solid launch statement.

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Put your launch sentence in prominent locations, such as your car’s dashboard or computer. How come? The reason is that as the tape plays, you won’t be able to remember your launch statement.

Continue to say “stop” until you recall your launch sentence, says Fouts.

Put your launch sentence into your own words and pontificate.

While going about your daily tasks, like while driving or exercising, practice your launch sentence so you can recall it when you need it in the future.

“I am told this sounds simple and it does,” she adds. However, this technique is challenging when your negative tape is playing. You will not want to replace the tape every day while your brain is rewiring itself. “It is these moments you can’t give up.”

3. Distinguish Humility and Fear

When it comes to hard work and accomplishments, there’s humility, and then there’s fear. In other words, having a high level of competence can lead one to discount its value occasionally. However, as Carl Richards wrote in an article for the New York Times,[5] “After spending a lot of time fine-tuning our ability, isn’t it sort of the point for our skill to look and feel natural?”

The problem is that we feel unworthy from time to time. But, as Seth Godin explained in a blog post,[6] “When you feel unworthy, any kind response, positive feedback or reward feels like a trick, a scam, the luck of the draw.”

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Feeling worthy without feeling entitled is possible. And, finding the right balance between them is critical for overcoming impostor syndrome. “Humility and worthiness have nothing at all to do with defending our territory,” Godin continues. “We don’t have to feel like a fraud to also be gracious, open, or humble.”

4. Keep a “Brag Sheet”

When you were sending out college applications, did you build yourself a “brag sheet?” If not, here’s a clean description from Shawna Newman,[7] “A brag sheet is very similar to a student resume – it highlights your accomplishments, key experiences, leadership skills, and employment throughout your secondary education.” In short, “it’s a quick reference guide with all the details and achievements for someone trying to get to know you better.”

While it may be awkward at first, you can apply the same concept when coping with imposter syndrome. Just compose a list of your accomplishments, activities, skills. That’s it. Just remember Godin’s advice and also be humble and gracious.

As an added perk, besides being an effective way to talk myself up, I’ve also found that this has helped me stop comparing myself to others. Instead of harping about other people’s milestones, I’m honing in on what I’ve done.

5. Celebrate Wins, Period

Speaking of accomplishments, they shouldn’t be categorized as small or big. After all, you feel as if you don’t belong when you have imposter syndrome. So, the more you celebrate your wins, the more confident you’ll become.

Furthermore, accept compliments without qualifying them and practice listening to praise every day. Finally, become kinder to yourself by saying at least one kind thing to yourself daily. And, give yourself a well-deserved pat on the back.

6. Assemble a Legion of Superheroes

“You know how corporations have a board of directors to — in theory — make them stronger, maintain checks and balances, leverage resources, and help advance the organization’s vision?” asks inspirational speaker, speaking coach, and creative consultant Tania Katan.[8] “Why not assemble your own board of directors to leverage resources to help make your career stronger, keep you in check and balanced, and advance your vision?”

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“My friend Alison Wade, president of conferences, training, and consulting at Techwell, calls her personal board of directors her “front-row” — those are the people she invites to sit spitting distance from the stage, cheer her on, challenge her, and review her performance,” Katan writes.

As for Katan, she calls hers a “legion of superheroes.” The reason? “I dig the idea of joining forces to do good in the corporate galaxy.”

It’s important to have a diverse group of individuals who will defend you. Ideally, they should be varied in all dimensions, such as cultural background, way of thinking, and skills.

Katan recommends that you meet together frequently, whether if that’s once a week or every quarter. “Share your experiences, fears, creative ideas, aspirations,” she adds. “Celebrate each other’s accomplishments.” You also need to both support and challenge each other. “Discover what you are capable of doing when you combine your powers.”

7. Visualize Success

Follow the example of a professional athlete by imagining yourself crushing that presentation or project. You’ll enjoy the relief from performance-related stress. And, more importantly, it can help you avoid focusing on the worst-case scenario.

Final Words of Advice

While there’s no single formula to cure imposter syndrome, the tips listed above are a start. After all, your success depends on your ability to fight the negative effects of it. For example, feeling unworthy over time can lead to crippling anxiety and depression if left untreated.

If you’ve tried the above, then make sure that you speak to someone about what you’re experiencing, whether it’s a mentor, peer group, or licensed professional. And, above all else, there’s a place at the table for everyone — no matter what your inner voice is telling you.

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How to Silence the Impostor Syndrome was originally published on Calendar by John Rampton.

Featured photo credit: Laurenz Kleinheider via unsplash.com

Reference

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