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We're taking a little detour this week. I was traveling last week and came home to a sick family, which in turn resulted in multiple family members ending up in the hospital from dehydration. We're all good now, but still recovering. While I have a draft, I am exhausted and wanted to give the debt management post one more week to marinate in my head. So, we're republishing an *older* post where I compare persistence versus stubbornness through the eyes of my toddler boy. If you were forwarded this email, my goal is to share one thing each week that changes the way you think about money. Subscribe by clicking here.
Want to advertise to 40,000 small business owners and leaders? Go here. What My Two-Year-Old Taught Me About Business StrategyA few months back, my family went to a luncheon at our church. After a little presentation and food, my wife and I hung around to enjoy some conversation with some friends. Not long into the conversation, are almost 2-year-old son looked at me and my wife and said “go” and pointed to the door. The message was clear: he was ready to go! While not ready to go, we’re really careful to not put ourselves in situations of failure… where our son is too far gone and we ruin the rest of the day. So, in this moment, we agreed it was time to leave. I cleaned him up and let him out of his seat, then turned back to finish up my conversation. Out of the corner of my eye, I see my son turn to his backpack, grab it, and start dragging it to the door. Now, mind you, this backpack is as large as him. I quickly said bye, then caught up to him to help with the backpack. As I lean down to grab it, he yanks the backpack away and emphatically shakes his head “no” as he refused to let it go. He wanted to carry it himself. He toddles along, clearly struggling, but very committed to the process. I let him go a little ways, then got in front of him on my knees and told him ”son, here you go, let’s put it on your back.” You know… like backpacks are meant to be carried. But again… an emphatic no. At this point, it was clear: he wanted to do it his way and nothing was changing his mind. So, I let him be. We walked the whole way to the car… slowly, but deliberately with him carrying the bag in front of him, stumbling, stopping, then starting again. We eventually made it, but only after 1 fall, 3 stops and a really distracting playground. A few days later, going to Mother’s Day Out, he did the same thing. In each instance, he wanted to hold the backpack for 2 reasons:
But his insistence not only made it more difficult, it slowed us down. We would have gotten to car more quickly if he’d let us hold the backpack. Despite this, I came away impressed. He couldn’t truly carry the backpack. But as he grunted, stumbled and fell, he got back up and picked up the backpack and started again. This persistence will allow him to be successful someday, but the stubbornness could lead to some slips and falls along the way. As I thought on this, I realized it’s not too different from business. We set a goal to launch the new service but investing way too much and hurt the larger business's results. This is the dichotomy of persistence and stubbornness personified and it shows up in business regularly. Persistence creates success, as you often need to stick with things long enough for compounding to work. But it turns to stubbornness when the impact of the persistence moves outside the intended area. Persistence turned to stubbornness costs us money and time. So, how do we avoid stubbornness, yet remain persistent?
Our best friends in these moments are three things:
If you use these three tools, you’ll find it easier to stick with persistence and avoid stubbornness. I’d love to hear from you: what ways do you ensure you don’t allow stubbornness to take over? Thanks for reading–see you next week, Work with meNeed more than this newsletter? You may not know, I have other ways we can work together. Check them out:
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