Watch highlights from Tom's speeches
The Business of Belief: Why We Believe What We Believe in Business and Life
So here's the fact: Success in the marketplace of products, services, causes and ideas is driven by scarcity—always has been and always will be. However, achieving scarcity is a very different pursuit in today’s chaotic, connected and rapidly evolving marketplace.
The old way of attaining scarcity, and thus success, was through control—control of resources, control of the airwaves, control of distribution, control of capital, control of real estate, control of knowledge, and even control of interactions with people. Paradoxically, these days success is achieved by giving up control.
Consider selling: A universally accepted, time-proven approach. Today, the simple word “sales” conjures up controlling tactics like “foot in the door” and “closing techniques.” Modern day consumers repel at such stratagems. They want to feel informed and cared for. They want respect and understanding. They want you to slow down and focus intently and confidently on them and their feelings.
This new desire has created a new scarcity, and a moment in time that holds more possibilities than any period in the history of business. And the only thing standing between you and the results you truly want is you—and your need to control them. Control blinds you to opportunities. Control is driven by your ego’s need to serve itself. Control is an illusion you cling to primarily to alleviate your fears. We like to believe otherwise.
We like to believe that control is a good thing—an attribute of a strong individual. In our upside-down way of thinking we assume that by being in control we can prevent bad surprises and get precisely what we desire out of life. Nothing could be further from the truth.
The need for control comes from insecurity. It is fear-based; fear of the unknown, fear of failure, fear of being judged by others, fear of loss, fear of not making quota. And this fear is what prevents us from discovering our true passion and purpose. It prevents us from doing what we do best and letting others do what they do best. It stifles growth and pushes others away from us.
Great leaders understand the distinctions of today’s tumultuous marketplace. They’ve given up the need to control events, have come to terms with their egos, and are dedicated to adding value and happiness to people’s lives. They inspire. They embrace change. They accept the uncertainty of the future.
Do you want to be fearless in this new and complex environment? Do you want to get past the impatience and skepticism of today’s savvy customer and employee and create something truly scarce? Simply change your intentions. Start right now by listening to your inner voice and never act again without first asking yourself: “Am I passionate and proud of this approach? Is this a caring thing to say or do?”
When you create this openness and excitement for life, the feeling radiates within, and to others around you. Sincere caring for others will act as an antidote to reduce fear and anxiety. You won’t be afraid of what others think or whether or not you’ll be successful. You’ll simply feel good about your efforts to engage with, and help, others.
Giving up control will also create a huge sense of internal relief. By giving up control, you won’t have to pretend to be perfect, to know it all. You can set grand expectations and thus avoid the disappointment that comes from trying to micromanage people and events. By allowing for the unexpected, you’ll stay mindful and in the present.
Let your anxious mind go. Feel and understand with your heart and gut. Don’t be quietly cynical or apathetic. Don’t push or persuade. Be open and optimistic, compassionate and kind. Give up control. Give up trying to be the best in the world and instead focus on what matters most: being the best for the world. Let those grand ambitions for wealth, status and power fade away with the old economy. It will take time and patience, but it will make you scarce . . . and successful.
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Or is it that business is just in a recalibration phase where it searches for new ways to control?
I read this interesting post on Market Design right after reading yours:
http://bit.ly/aTArRQ
Key quote: "But commerce will always require the creation of scarcity, bottlenecks and stampedes. The most immediate way to do this is to make time seem tight — the going-going-gone approach to sales. For years, digital-world salespeople have been putting in overtime to resurrect the illusion that consumers must put up their money now or life will pass them by."
The gives the example of online private shopping clubs as one "success" in terms of reintroducing scarcity.
Posted by: Martin Bishop | October 26, 2010 at 03:33 PM
Great point re: recalibration Martin. But I don't think so. Not this time.
Recalibration requires that you pause (albeit briefly) and access the situation. In this marketplace, by the time you've recalibrated, the situation will certainly have changed.
Or to use 20th century metaphorical parlance . . . the target would have moved. :)
Posted by: Tom Asacker | October 26, 2010 at 06:01 PM
Some are spinning their wheels recalibrating because they can’t give up the idea of control. Recalibrating implies that if I can just figure out how to do more of the same in a new way, I can get what I want. More bad thinking just produces more bad thinking. Control is a natural human response to selfishness. It’s our first line of defense in getting what we want. The problem is control has never been the right approach for all the reasons given in Tom’s post. In the end we get precisely what we don’t want. Today, our culture has shifted to a point to where it is harder to get away with it and those that can’t learn to let it go—and there will always be people on the front end of the learning curve—will find the world a much harder, frustrating place to function within. The new economy has shined a spotlight on it. Control is not a long-term solution. It is hit-and-run and in the end only brings more frustration and emptiness.
Another excellent post Tom. Thanks.
Posted by: Michael McKinney | October 27, 2010 at 11:38 AM
Your post is very uplifting. It’s not just about the paradox of success but somehow it manages to convey a positive approach towards one’s goals and objectives in life. Fearless! That’s how we should be facing life! Cheers to success!
Posted by: Web Agent | November 24, 2010 at 08:59 PM
Your post is very uplifting. It’s not just about the paradox of success but somehow it manages to convey a positive approach towards one’s goals and objectives in life. Fearless! That’s how we should be facing life! Cheers to success!
Posted by: Web Agent | November 24, 2010 at 08:59 PM