I get it, none of us want to do this. We feel like it’s a waste of time spent on more valuable activities, and, at first blush, it has the vibe of a cheap weekend seminar. But here’s the thing, friends, when you make an honest assessment of your strengths and weaknesses, then you make an action plan that emphasizes your strengths and minimizes your weaknesses, you will end up making ALL your time more valuable going forward. Plus, you get a better idea of who else you need most on your team for you to be successful.
Don’t Forget About Yourself
Because here’s the reality, it’s real easy for any of us to get so busy running our companies, that we forget to work on ourselves. Years go by quick, and suddenly you realize your business is getting stale, and part of that reason is you haven’t changed much in umpteen years. Then you’re stuck with a stagnating business and no immediate solutions at hand to right the ship. That’s when the clock really starts ticking. You want to talk about valuable time when a business is floundering, and the boss doesn’t know how to set things right, time gets priceless. Don’t be that guy.
Understand this: no matter what your particular skill set is, those strengths will determine which direction will be most successful for you. The fact that something else interests you, or you would like to do something else or be something else is nice, but if you walk away from your strengths to invest in a dream, you are leaving success on the table to chase “not likely”. Bottom line here, focus on what you’re good at. Develop those skills. Become the best person you know at whatever you do well, and those skills will serve you well in competition against similarly skilled managers.
Understand Your Strengths & Weaknesses
Now, I’m not saying you should ignore your weaknesses. On the contrary, you need to understand your weaknesses as well as you do your strengths, so those issues don’t become hurdles or snares for you. Here’s the good news, even if you reach a point where you simply can’t get any better, you can always bring in someone who can get the job done better than you can. Understanding your weaknesses will allow you to create an action plan that involves bringing in the right people to complement your strengths and supplement your weaknesses.
All of this begins with an honest and unfiltered review of what you do well, what you need to do well and where you may not excel. That’s the first step in knowing how to best help your team build a foundation for lasting success.
David Milberg is an NYC financial analyst.