- How to decide if you should take on a new project.
I don't know if you're like me,
but you probably have so many new opportunities
or things you wanna do
and the challenge is really deciding,
well, which ones do I take on?
And if it's midway through the year
and I've already planned my year
and there's this great opportunity,
how is this gonna impact the rest of my goals
and commitments and all these other aspects?
And that's what I wanna share with you guys in this video.
You know, I remember when there was a time
when I was building Spheric Technologies.
It was like two companies ago.
I was 24 when I started that company.
Midway through that company, I had an opportunity
to partner with one of the world's largest companies
and we were gonna co-create this new technology
and it was a huge, huge opportunity.
At the time of the company was maybe 16 employees,
and I wanted to figure out how to do it right.
I wanted to give it my all, and I essentially thought,
"Okay, I'm just gonna overwork myself.
"I'm gonna decide I'm gonna work 100 hours a week.
"I'm just gonna make it happen and I gave it my all."
And I'll tell you at the end of it,
yes it had a huge impact on our business,
but I put on 15 pounds.
My health was shit.
My relationships with my family
and my friends were non-existent.
I mean, it was like, the business overwhelmed me,
it consumed me. And I wanted to share with you guys
the lessons I learned from that experience
because here's what happened.
When the company got sold,
I realized that even though financially,
I could do anything in the world, I wasn't healthy.
I wasn't happy.
I didn't, in parallel, build my relationships,
so I've come up with a new framework
and there's three things that I wanna teach you guys that
you need to consider before you take on a major project.
The number one is the business fundamentals.
In your company, you're probably doing things
that are allowing you to have success.
They are the business fundamentals.
This could be, you know, your yearly planning meetings.
This could be your weekly product meetings.
Whatever schedule or fundamentals that you do,
from your marketing reporting that you know
are kind of like the baseline, those have to continue.
So when you're evaluating new projects,
ask yourself, "Would these things sacrifice
"the business fundamentals?"
And you know what they are.
And if you don't, you should figure them out
because they're the reasons why you've had any success,
and that's a really good strategy
to just understand what they are
so that you don't kind of cause them to go away
because then you'll go on to this new project.
You might have success there,
but then other parts of the business go down.
Maybe you've experienced this where, you know,
you're trying to juggle too many balls in the air
and it feels like you have this one going,
the other one got dropped and then you focus on this one,
the other one get dropped.
It's because you haven't focused
on your business fundamentals.
Number two that I wanna share
with you guys is success habits.
I don't know about you, but there are some habits
that I do on a daily, a weekly basis
that contribute to my success.
That's just the way it is.
So everything from my morning ritual,
for how I plan my week to the time I spend with my friends,
these are things that I feel for whatever definition
of the word success you have, these are the activities
that I do that allow me to feel that.
So, when you're looking at new opportunities,
new projects, new initiatives, ask yourself,
"Would these sacrifice my success habits?"
Because I would argue with you,
the end of the day, it's not about achieving.
It's about fulfillment.
It's about feeling successful.
You know what those are.
Those habits, those rituals will achieve that,
you don't wanna sacrifice those to get this new outcome.
Trust me on this one.
From experience, just baseline these.
It's not about being rigid.
It's about having a filter and understanding.
So the third one I wanna share with you guys
is responsibility to others, and I don't know about you,
but I have two little boys.
I have a beautiful wife.
I have a family.
I have other employees.
I have people that I've made commitments to,
and just because there's this new shiny object
that promises this new potential,
that seems like is gonna really unlock
a lot of growth for me, I gotta ask myself,
"Is it gonna sacrifice my responsibilities and commitments
"that I've made to other people in my life?"
You know, and for me, it's taking my kids
to daycare every day, and it's making sure
that I'm present as a father.
It's making sure that I'm not away
for any more than seven to 10 days a month,
and that might sound like a lot but I mean
this is broken up over time because I'm on a mission.
I have goals for myself, but when I'm with my kids,
I'm there and I would never sacrifice.
I can't tell you how many entrepreneurs I've talked to,
they get up at 5 A.M.
They don't see their kids in the morning.
They work in the office 'til 8 P.M.
They get home, their kids are already in bed.
And they're okay doing this for weeks,
if not months on time, and I wanna challenge you
that that is not the way to build your business.
It's not the way to be successful.
Responsibility to others needs to be evaluated
before you just jump in head first into a new project.
So those are the three major areas,
so I wanna recap them real quick.
One, business fundamentals.
What do you do in your business
that have allowed you to achieve success so far?
Those are the fundamentals.
Success habits, what do you do on a daily basis,
a weekly basis, a monthly basis, maybe yearly
that allow you to have success, those habits?
You gotta make sure that those are maintained and continue
and then the third is responsibility to others.
People that you have in your life
that you've made commitments to
and maybe they're unspoken,
but you and they know about them,
they feel them, you do not wanna sacrifice that
for that next big opportunity or shiny object.
You wanna evaluate those and figure out
how can you make it all work together.
So, this video is for those people out there that feel like
they're sacrificing everything for their family.
And I'm gonna just really challenge you
that those three key areas that I just shared with you
need to be evaluated, especially if you're halfway
through the year and somebody comes
with this huge opportunity that's gonna throw
all of the other stuff into chaos.
Stop, take a moment.
Watch this video, re-question your assumptions
and share this video with anybody that you know
is going through this or has felt this in the past
to help them move forward.
I wanna invite you to subscribe to my video.
I wanna challenge you guys to live a bigger life
and a bigger business, and I'll see you next Monday.