What do you do when an opportunity comes your way?

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"What do you do when an opportunity comes your way?"  

I would suggest something similar to what a friend of mine is currently doing: recognize the opportunity, GRAB THE OPPORTUNITY, figure out how to work it, and make the most out of it.  

A wonderful leadership opportunity has come his way and as I understand it, it is one of those opportunities that carries "lots of responsibility" and very little recognized authority or role definition - An opportunity for the ambitious, with the runway to "make of it what you will". As we discussed his opportunity I admit becoming a little green with envy, but then remembered I've had my share of opportunities and I was there to cheer him on - So let the cheering begin!

As much as we want to shout, "GRAB IT, GRAB IT", it is important to recognize that the opportunity is in fact "an opportunity". Opportunities need to be based on personal goals, objectives and what you want... one person's opportunity may not necessarily be another's. Along with recognizing what you want, it becomes important to understand what is needed to get there; this will force alignment of what you want with what you are really willing to do  - In doing this, you are defining what is truly an opportunity for you, and what is not.

Now go ahead and shout, "GRAB THE OPPORTUNITY!" If an opportunity comes your way, either offered or discovered, and it brings you closer to what you want... then make it yours. There is no reason not to. 

Richard Branson has been quoted as saying, "If someone offers you an amazing opportunity but you are not sure you can do it, say yes - then learn how to do it later." Here is where my friend finds himself, "Figuring out how to work it"... and I believe he is doing it in the right way.

• Here knows he has the capability of being successful.
• He is taking a champion position with the opportunity and owning it.
• He is open to advice, guidance and constructive feedback, as well as incorporating feedback into his planning and execution.
• He is setting performance targets, measures and putting operating mechanisms in place to ensure he is successful.
• He is engaging his team and functional partners for support.

In the end, you will want to make the most out of your opportunity; not only with showing success, but learning as much as you can, mastering your abilities, moving yourself a little closer to your goals and most importantly keeping up the momentum.

After all, there is that simple truism - Opportunities beget opportunities.

A fairly good job of cheering him on, don't you think?

gpe

 

Can you envision the "potential"?

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After spending an hour and a half wandering a property we are thinking of acquiring for the family, I looked at my uncle Tom and asked him what he thought - His response was simply, "It has potential."  As we looked at the thirty-six acre parcel of land (with a steam and a pond), we were not looking at it for what it is today, but rather what it could become in the future. 

A while ago, a former colleague commented on how one of my past hires was becoming very successful; in the same breath, he admitted he didn't understand why I had hired her and didn't think much of her capability at the time - Like my uncle, I said, "She showed great potential".

Potential* by its very definition speaks to the future, but its importance lies in the present; consideration and understanding of "what is" and how it is aligned with your vision, goals and dreams for the future - "Does someone currently have the potential to help build to our common long term goals?" Or even more importantly, "Do I currently have the potential to achieve that vision I've set for myself?"

Potential is a key measure to ensure and validate you are aligned with your vision and longer term goals... there is a cold reality that comes with envisioning yourself as a profession hockey player but not having any ability to skate or any understanding of the game. When hiring someone, ensuring that the person has the ability to be successful in the role is important, but for me, their ability to be bigger than the role is crucial - I have always hired with the next role in mind - Potential is the great motivator, as it cultivates for the future. 

It should be remembered that potential represents the future and does not necessarily reflect current capability (which, over the years I have seen confused and inevitably leads to great disappointment); it is important to remember that potential needs to be developed, fostered and given an environment to flourish.

Potential is of course situational and contextual, but there are some core fundamentals that seem to be common to those who make the most of what they have: 

• Confidence in their ability and willingness to take on challenges.
• Strong work ethic, with a desire to go the "extra mile".
• Work in an environment that fosters potential, with leaders who manage to bring out the best in their people.
• Have a vision and the tenacity to go after it.
• The desire to achieve their potential.
• An understanding that potential can be developed and comes with constant learning.

As I look back on my uncle's comment and our vision for a property and sanctuary that can be used in the years to come, he is right - It does have Potential.

Now it's just a mater of realizing it.

gpe

* Potential is defined as latent qualities or abilities that may be developed and lead to future success or usefulness.

"... expose ourselves to the winds of change."

Recently I was skimming a number of Andy Grove* quotes from his book "Only the Paranoid Survive" and kept coming back to this quote:

“The person who is the star of a previous era is often the last one to adapt to change, the last one to yield to logic of a strategic inflection point** and tends to fall harder than most.” 

(My interpretation - Do not assume that what has made you a star in the past will make you one in the future... because it may not - Forever search out how to do things differently and change with ever evolving situations.)

I also liked this quote:

“As we throw ourselves into raw actions, our senses and instincts will rapidly be honed again”

(My Interpretation -  Just put yourself out there in new situations and do it - you will quickly start making things happen and will get better as you go.)

And this:

“The ability to recognize that the winds have shifted and to take appropriate action before you wreck your boat is crucial to the future of an enterprise”

(My interpretation - Be aware of what is going on around you, be curious and don't dismiss the facts until it's too late to do anything.)

And this one:   

“Admitting that you need to learn something new is always difficult. It is even harder if you are a senior manager who is accustomed to the automatic deference which people accord you owing to your position. But if you don’t fight it, that very deference may become a wall that isolates you from learning new things. It all takes self-discipline.”

(My interpretation - Pride and Arrogance will prevent you from learning, growing and continuing your success.)

There was this one too:

“Strategic change doesn't just start at the top. It starts with your calendar”

(My interpretation - Stop talking about change, write it down and do something.)

And finally this one: 

“The Lesson is, we all need to expose ourselves to the winds of change”

(No interpretation)

gpe

* Andrew Stephen "Andy" Grove (born András István Gróf, 2 September 1936) is a Hungarian-born American businessman, engineer, and author. He is a science pioneer in the semiconductor industry. He escaped from Communist-controlled Hungary at the age of 20 and moved to the United States where he finished his education. He later became CEO of Intel and helped transform the company into the world's largest manufacturer of semiconductors.

As a result of his work at Intel, and from his books and professional articles, Grove had a considerable influence on the management of modern electronics manufacturing industries worldwide. He has been called the "guy who drove the growth phase" of Silicon Valley. Steve Jobs, when he was considering returning to be Apple's CEO, called Grove, who was someone he "idolized," for his personal advice. One source notes that by his accomplishments at Intel alone, he "merits a place alongside the great business leaders of the 20th century. (Wikipedia)

** A strategic inflection point can be defined as the time of transition of company's (or person's) competitive position that requires the company (or person) to change its (their) current path and adapt to the new situation, or risk declining profits (well being).