A ‘scalable’ career is one where growth is not dependent on the number of hours of work put in but where our growth is “dependent on the quality of our decisions”. What’s getting monetized is your ability to recognize patterns and wield your intellect, rather than spending your time pushing through rote tasks
August 7, 2013 Leave a comment
SUCCESSFUL FOUNDERS SHARE 4 MUST-HAVE SKILLS TO BOLSTER ANY CAREER
EVERY CAREER IS DIFFERENT. BUT SOME SKILLS CUT ACROSS ALL OF THEM. HERE ARE FOUR.
BY: DRAKE BAER
Some skills may be awesome but not in demand: While a sonnet might take your breath away, iambic pentameter doesn’t have a high market demand. But some skills by any industry are wanted just as sweetly–and as founders of Pandora, Quora, and White Rabbit suggest, we can start developing them today. Here’s where to start:
1) LEARN TO TALK IN FRONT OF PEOPLE
Pandora cofounder Tim Westergren, who pitched his idea 348 times before securing crucial funding, reports that public speaking is one of the most universally useful skills. Why? “Whether you’re pitching a group of investors, rallying your employees, selling a customer, recruiting talent, addressing consumers, or doing a press tour, the ability to deliver a great talk is absolutely invaluable,” he says. And if you’d rather eat a microphone than have to speak into one, fret not: Quietauthor Susan Cain is here to help cure your oratory woes.2) MAKE REGULAR CHECK-INS
Edmond Lau, who was an early engineer at Quora, offers advice that he received by way of a friend’s mentor:
Always re-examine and reflect on where you are in your career at least every two years. Even if you’re perfectly happy with your job, the exercise forces you to check that you are actually enjoying your work and learning on the job rather than just being comfortable.
Every two years might be a little infrequent, at least if you’re as mindful as the Pope. As we’ve reported before, the more we align the progress of our daily doings with our long-term goals, the more satisfied we’ll be.
3) GET INCLINED TO DECLINE
Echoing the time-protecting advice of Warren Buffett and Bill Gates, Fantasy Shopper founder-CEO Chris Prescott wants us to learn how to say no.
This is unintuitive, since the startup (and career) hustle trains us to say yes to every opportunity. But that changes, he notes:
Assuming all goes well, you’ll reach a tipping point where people start coming to you instead of you going to them–be that speaking events, trial services, coaching, investment, etc.
Once that threshold is reached, there isn’t the time to say yes to everything, he continues. So we need to learn to say no in order to stay focused and expand our working lives.
4) MAKE YOUR CAREER SCALABLE
White Rabbit Studios founder Hassan Baig takes a line from economist-contrarian-flaneur Nassim Taleb, who says to invest time in a scalable career.
What does that look like? Baig continues:
A ‘scalable’ career is one where growth is not dependent on the number of hours of work put in. For instance, imagine you’re a tax consultant. You probably charge an hourly rate for your consultative services. This of course implies that every marginal hour of work you put in generates value at that very margin. In other words, you’re selling your time–which unfortunately you have only 24 hours of per day. Such a career would be naturally tough to scale up.
Instead, Baig says, we’d do best to develop careers where our growth is “dependent on the quality of our decisions.” In other words, what’s getting monetized is your ability to recognize patterns and wield your intellect, rather than spending your time pushing through rote tasks. How do we hone that intangible skillset? By seeking out as much as of that experience as possible. That’s how we can grow our careers.