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The New Year’s Question: Are You Starting Again…Again?

The New Year’s Question: Are You Starting Again…Again?


    Time in pubs with friends is rarely wasted. At the very least you get in a good chat with your friends, and at best you get a life-changing revelation. This one started out as the traditional:

    “If you knew then what you know now, would you do it again?”

    We worked on it and developed it and made it into something ‘more’. We made it into this question:

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    “Knowing what you know, would you start again from where you are — if you had the choice?”

    From that, we developed a whole process for deciding what to do next when it comes to the big ideas in life and so on. The idea is simple — and is particularly useful as we head into a brand new year…

    Step One: Value What You’ve Got

    Ask yourself a question: If some super-intelligent alien race arrived tonight and asked you what you’d got and you told them — and they did the same to everyone else, they’d probably have a pretty good idea of how much you had was worth in the grand scheme of things. The ‘alien bit’ is important because it implies that they have a complete understanding of what’s going on, but no emotional or sentimental attachment to things.

    What you get at the end of that is a notional value of, say, ‘X’ thousand pounds, dollars, euros, yen, smarties or whatever.

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    Step Two: Play or Fold

    This step is designed to make you think about your circumstances a bit. If they offered to take what you’d got and give you that fair valuation for it, would you take it?  Again, the fact that it’s an alien is important, because it’s important that the X thousand they give you is absolutely, objectively fair.

    If you’d take it, fine. If not, also fine. But not taking it implies there’s something above and beyond the economic value of your stuff. It implies that there’s an emotional attachement. Great. It means you believe in what you’re doing and it means you’re likely to be passionate about it. Good for you!

    Step Three: Starting Over

    Starting over is the most important one – and it assumes you were forced to sell to these strange aliens, whereas the previous step assumes you have a choice.

    If you got a fair amount of money for your stuff, what would you do with that money?  Would you buy back your own stuff?  Alternatively, knowing what you now know (which is different from what you knew when you first got your stuff, obviously – and critically) would you buy something different?

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    It’s all about ROI – return on investment. If you’re happy to buy back your own stuff (emotional attachment aside), it follows that you must believe your stuff represents the best portfolio of ‘stuff’ that you could have. On the other hand, if you think you can get a better return on your money, knowing now what you didn’t know when you first got that stuff, you shouldn’t buy back your own stuff. Instead you should buy different ‘stuff’.

    Step Four: Repeat the Repeating

    This idea of starting over (and over) is an interesting one. It’s probably possible to take it too far (daily? weekly?) but it probably has merit as the process for a monthly review – or perhaps an annual review of what you’ve done, not done or might do in the future.

    It’s an idea that encourages you to be honest — brutally honest — with where you are and what you should do next. Doing it regularly means you’re constantly assessing where you are and asking yourself if you’re making the best use of your resources.

    The Downside

    There’s always a downside, right?

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    The big one we found as we tossed this idea around is this – it doesn’t take account of the cost of change. Implicit in the alien’s approach is that it costs nothing to change from where you are to where you should be, objectively, and sometimes the cost of change is greater than the benefit of doing that. Cost, of course, can be measured in money, time, effort and energy, peace of mind and a host of other ways!

    So one last step is to ask yourself this:

    “If you think you should move to something else – is it worth the effort?”

    And if you’ve decided not to move, the question should be whether you’re using the cost of changing as an excuse.

    (Photo credit: Concept image of a signpost via Shutterstock)

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    Last Updated on June 13, 2019

    10 Best Success Books You Need to Read to Be Great at Business

    10 Best Success Books You Need to Read to Be Great at Business

    Take a minute and think about some of the most successful people you know.

    I’d bet they’re great with people, are super-productive, and think differently than most. After all, that’s how they got to be where they are today.

    Jealous of them? You don’t have to be.

    You can learn these same skills by studying some of the best business and success books that can help you take your game to the next level. Here’re 10 of my favorites:

    1. How to Win Friends and Influence People by Dale Carnegie

      Dale Carnegie’s best-selling book that helped to launch a personal growth empire should be required reading for everyone who wants to learn how to build and nurture relationships for a lifetime.

      Read this book and you’ll learn some simple advice than can help you build popularity points within your current network and just as important, expand it to others.

      Get the book here!

      2. Focal Point by Brian Tracy

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        Got a lot on your to-do list? Of course you do. But what separates productive people from others is their ability to focus on a singular task at a time, and getting it done before moving on to the next one.

        Sounds simple in theory, but this can be extremely difficult in practice. In Focal Point Brian Tracy offers tips to help build discipline and organization into your day so you can get more stuff done.

        Get the book here!

        3. Purple Cow by Seth Godin

          Creating a “me-too” product can be easy at the start but can doom you to business failure. That’s why marketing maverick Seth Godin recommends creating a product that is truly different from anything already available in the marketplace.

          In essence by making the product different you’ll be building the marketing into the actual product development…which just makes your actual marketing a helluva lot easier.

          Get the book here!

          4. The Magic of Thinking Big by David Schwartz

            If you’ve struggled with procrastination or small thinking, this is the book for you. In it Schwartz offers practical advice that can help you get inspired and motivated to create a bigger life for yourself. And with it can be a more lucrative and rewarding career.

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            Get the book here!

            5. Man’s Search for Meaning by Viktor Frankel

              It can be difficult for lots of people to keep things in perspective, especially when working on high priority and urgent projects at work.

              Man’s Search for Meaning can be a life-changing book in the sense that it can open your eyes to a first-hand experience of one of the greatest atrocities in the history of mankind, while also teaching a valuable lesson about having purpose.

              Get the book here!

              6. The 4-Hour Work Week by Tim Ferriss

                Solo-entrepreneurs can learn a ton from the guy who made lifestyle design popular. But guess what? The 4HWW isn’t just for guys and girls who want to start a small online business.

                Smart moves like outsourcing, following the 80/20 rule, and automating processes should be made by entry-level workers and established executives alike.

                Get the book here!

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                7. Think and Grow Rich by Napoleon Hill

                  I remember sitting on a couch and opening this book on a Saturday morning, thinking I’d get through a chapter and then get on with my day. Instead, about 12 hours later, I was finished with the book. The concepts in it were mind-blowing to me.

                  To think that thoughts can create your reality sounded a little far-fetched at first. But after going through the book and understanding that your thoughts create your beliefs, which lead to actions, which then lead to habits….well you can get where I’m going with this.

                  If you focus your thoughts on success, achieving it will be much more likely than thinking about obstacles, failures and everything else that can get in your way.

                  Get the book here!

                  8. The One Minute Manager by Kenneth Blanchard

                    If you’re going to read one management book in your life, this should be it. It’s simple. You can read it in an afternoon. And the advice works.

                    Get the book here!

                    9. The Lean Start-Up by Eric Ries

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                      Before you create any sort of business you’ll want to give Lean Start-Up a read through. Doing so can save you money, time and other resources you could have potentially wasted otherwise.

                      Get the book here!

                      10. The Monk and the Riddle by Randy Komisar

                        The story Randy Komisar shares in the Monk and the Riddle offers advice about not just about how you need to think when starting a new business, but also about how to build a life you’re passionate about.

                        Understanding the technical aspects of launching a start-up is great, but if you don’t have the staying power to stick with it when the going gets tough then it’s not likely to work.

                        This book can help you understand this lesson before you spend blood, sweat and tears on a project that you’re heart isn’t into.

                        Get the book here!

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