Tuesday, February 19, 2013

THE POWER OF THE WORD . . . NO

A former business partner of mine once shared a Jewish saying, which goes something like . . . “You will never become wealthy until you learn the word NO”.

In current business phraseology, there are a number of popular words creeping into today’s vocabulary, such as: big picture, tipping point, critical mass, paradigm, cross-elasticity of demand, network marketing, leverage, outsourcing, actionable item,   C-Level, best practices, core competency, verticals, low hanging fruit, rain maker, scalable, uber, synergies, restricting resources, work-life balance, unique value proposition, streamlining, managing up and across, zero sum game, win-win deal, cube farm, competitive advantage, team players, fast track, bleeding edge technology, steep learning curve,  dynamic risk, empowerment, and the list goes on and on. 

What is missing is one of the oldest, yet one of the most powerful words in today’s vocabulary, and that word is simply the word, “NO.”

So, why is it that we have such a hard time saying this simple, two-letter word?  Let’s take a look at yourself: are you constantly overloaded with work, working past the deadline, overstressed, the last person in the office to leave, and the only person in the office to consistently work 80 hours per week just to keep up.  All these are the consequences of not learning to say “NO” effectively.

Let’s make a distinction here between attempting too much and the inability to say NO. Those who attempt too much usually think they can do it all– besides no one can do the task or project as well as they can. This person projects maximum confidence about their ability (they usually let everyone know their amazing ability), in fact, they continually offer to take on more and more tasks and projects. They often think it makes them maintain their status of being the Super Achiever.  But, in the end they are setting themselves up for a great deal of stress, and possibly failure. These people usually have no priorities and therefore cannot distinguish between the important and the unimportant, the critical and non-critical, and the strategic and the non-strategic. So, they believe that everything has to be done and they are the only one that can get the job done.

Being unable to say NO is a function of:  not knowing how or when to say NO, having the need to please, feeling the need for constant recognition, or being afraid of offending. As a result, it is easier to say Yes to requests that should be turned down or delegated.

The flip side to this is an efficient and organized person knows their strategic plan and goals, their specific KPI’s (Key Performance Indicators), their job responsibilities that they alone are accountable for, and a clear understanding of their priorities. It is much easier, to say NO to taking on new tasks or projects which do not fit into their specific goals, job responsibilities, and priorities.

NO from an Employee . . .

So, have happens when, as you the business owner, you ask your employees to complete a task and you are told NO? As the boss, find out the other projects and tasks they are working on. Have them clearly define their work load and then you decide where the new assignment should fall in the list of assignments they are currently involved in. Then, let your employee know the priorities and deadlines for each, so you can have someone effectively manage their work flow and demands. Managing this way, there is no way your employee can be offended, as you are putting them in charge of guiding you in the decision making process.

Saying NO is just as important in your personal life. Finding yourself so busy with organizations, committees and kids’ activities can be just as stressful. Again, decide which are most important, and which your priorities are, and which can be put off until another time. This will help you say no when one more person comes to you asking you to chair another project or committee.

In the beginning it was easy . . .

In the beginning, an entrepreneur looks for all opportunities. In the beginning, the tendency is to say "Yes" to everything! "Yes" to this customer. "Yes" to this employee. "Yes" to this idea, process, system, or marketing plan. "Yes" to this product or service mix. As you gain business momentum and business maturity, you begin to see that good opportunities are those that enhance your company’s strengths, increase brand awareness, increase marketing share, and reinforces your strategic plan. Opportunities that don’t meet these criteria's should be met with a polite but firm, “NO, thank you” and then delegated or scrapped altogether.

Some entrepreneurs never learn to say “NO” or in some cases they learn to say “NO” to everything.  This in turn creates an environment that can lead to stifling of creating thinking, killing workers motivation and ultimately creating a less than transparent communication flow.  Therefore, consider all the options first:

  • Is this a something that warrants further consideration?
  • Is this something that needs my full attention?
  • Is this something that someone else can do effectively?
  • Is this something that needs to be done now or later?
  • Does this make me money or cost me money?
Conclusion

Consider the following . . . In a $1 million company, the business owner works an average 2,000 hours per year, this results in the business owners time worth $500 per hour.  So, is it worth the business owner’s time to do this task or responsibility at $500 per hour?

PS:  Here is a very funny video from Bob Newhart, about changing your habits and behavior .  .  .   http://youtu.be/BYLMTvxOaeE

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