Denis Waitley's Ezine
August 1, 2007 Welcome! To this issue of the Denis Waitley International online newsletter. My goal is to offer valuable, relevant, leading edge, and interesting content, with some innovative and refreshing differences from the other ezines and newsletters you may be receiving.
Warm regards, P.S. Today's issue is going out to more than 81,546 weekly subscribers. If you've enjoyed this edition and found it to be valuable, then if you would do me the favor of forwarding it to your friends, family and associates, it would be very much appreciated. If they would like to subscribe, have them send an email to: subscribe@deniswaitley.com Many Thanks! In This Issue.....1. This Week's Jumpstart
1. This Week's JumpstartEvery Decision We Make has an "Opportunity Cost" by Denis WaitleyEvery decision forfeits all other opportunities we had before we made it. We can't be two places at the same time. In their excellent management book, Tradeoffs, Drs. Greiff and Munter discuss the difficult options that face us in all areas of our lives. One case in point illustrates a common opportunity cost. It's a true anecdote they call, "Bicycle vs. Mother": "John is a precocious eight-year-old boy. Both his parents work. His mother is a management consultant and travels frequently. After being away for several days, she arrived home late one night and hugged her son. He said, 'Mom, I missed you. Why were you away so long?' She smiled and replied, 'One of the reasons I was away was to make enough money to buy you the bicycle you wanted.' Young John looked at her reflectively and stated, 'Mom, I really did want the bicycle. But mothers are more important than bicycles. So please stay home more.'" Even though we all are aware of the tradeoffs of "quality time vs. quantity time" in our relationships, we are not used to thinking specifically about how our decisions cost us other opportunities. Without this understanding, our decisions will often be unfocused and unrelated to helping us achieve our most important goals. This week be more aware of the "opportunity cost" and use this to help you make great decisions!
2. The Champion Within ArticleBecoming a Proactive Leader by Dr. Denis WaitleyThe knowledge era's new leaders, many of whom are immigrants and women, are managing change by conceiving innovative organizations and novel ways to attract and motivate employees. They are learning to be proactive instead of reactive, and to appreciate the full importance of relationships and alliances. They also have a healthy aptitude for risk and perseverance, and know how to gain strength from setbacks and failure. Life's Batting Average Baseball's greatest hitter grew up near my neighborhood in San Diego. When Ted Williams slugged for the Boston Red Sox, my father and I kept a record of his daily batting average. And when I played Little League ball, my dad told me not to worry about striking out. In Williams's finest year, dad reminded me, the champion failed at the plate about 60 percent of the time. Football's greatest quarterbacks complete only six out of ten passes. The best basketball players make only half their shots. Even with satellite mapping and expert geologists, leading oil companies make strikes in only one out of ten wells. Actors and actresses auditioning for roles are turned down twenty-nine in thirty times. And stock market winners make money on only two out of five of their investments. Since failure is a given in life, success takes more than leadership beliefs and solid behavioral patterns. It also takes an appropriate response to the inevitable, including an effective combination of risk-taking and perseverance. I meet many individuals who are seeking security at all costs, and avoiding risk whenever and wherever possible. Knowing that certain changes would make success much more likely for them, they nevertheless take the path of least resistance: no change. For the temporary, often illusory comfort of staying as they are, they pay the terrible price of a life not truly lived. Parable of the Cautious Man There was a very cautious man, In other words, missed opportunities are the curse of potential. Just after the Great Depression, Americans, perhaps understandably at the time, took many steps intended to minimize risk. The government guaranteed much of our savings. Citizens bought billions of dollars worth of insurance. We sought lifetime employment and our unions fought for guaranteed annual cost-of-living increases to protect us from inflation. This security-blanket mentality has continued in recent decades as executives awarded themselves giant golden parachutes in case a merger or takeover took their plum jobs. These measures had many benefits, but the drawbacks have also been heavy, even if less obvious. In our eagerness to avoid risk, we forgot its positive aspects. Many of us continue to overlook the fact that progress comes only when chances are taken. And the security we sought and continue to seek often produces boredom, mediocrity, apathy and reduced opportunity. We still hear much about security, especially from federal and state politicians. But total security is a myth except, perhaps, for those six feet underground in the cemetery. We may indeed ask our government for guaranteed benefits. But we must be aware that when a structure starts with a floor, walls and ceilings will follow. And herein lies a paradoxical proverb: You must risk in order to gain security, but you must never seek security. When security becomes a major goal in life – when fulfillment and joy are reduced to merely holding on, sustaining the status quo – the risk remains heavy. It is then a risk of losing the prospects of real advancement, of not being able to ride the wave of change today and tomorrow. Had the founders of Yahoo, Amazon.com and America Online been concerned with immediate profits and return on investment, we would not be enjoying those Internet services today, each of which has a greater market capitalization than IBM or General Motors. Seek to risk a little more this week!
Denis Waitley has studied, counseled and trained leaders in virtually every field including Apollo astronauts, Olympic gold medalists, Super Bowl champions, returning POW's, heads of state and Fortune 500 top executives.Denis is recognized as a world class speaker and author and has traveled the globe sharing success ideas and strategies to thousands of companies the past 25 years. To book Dr. Waitley to speak for your company or to be part of your upcoming Regional or National Convention send an email to speaker@deniswaitley.com or call 877-929-0439 and ask for Hilary.3. Seeds of Greatness by Denis Waitley
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