Tips & Tricks

  • The value of hard constraints

    Hard constraints can be an incredibly powerful force and incentive. Though uncomfortable, putting them in place can force you to innovate and accelerate learning. Despite the benefits, we tend to avoid hard constraints. It’s generally easier to have more flexibility in our lives. This principle applies in work and personal settings.

    Here are a few personal examples to help illustrate.

    1. Learning and speaking a foreign language. When I moved to Dusseldorf in 2016, I was determined to learn German. I started using Duolingo daily and signed up for weekly 1-on-1 private tutoring with a local language instructor. I shared an office with an Austrian woman who spoke multiple languages comfortably. During the first few months, she would start each morning speaking to me in German; nothing work related, just simple questions (“how is your morning going? How was your drive?” etc.). I sort of stumbled through and was generally embarrassed about my lack of competency. I would routinely default back to English and after a while she gave up on the German. If I went out to a restaurant or café, I would start by speaking in German. I’m clearly a native English speaker and nine times out of ten, whoever I was speaking to would start responding in English. To ease my discomfort, I’d then continue in English. As a result, I really didn’t build any proficiency in German and the limited bit I learned has mostly been forgotten. I’m confident if I had imposed a hard constraint on myself, such as demanding my colleague exclusively speak to me in German, I would have vastly improved my skill despite it being uncomfortable. In this case, I relaxed any constraints and chose convenience and comfort at the expense of learning.

    2. Mastering excel and powerpoint shortcuts. A key competency in Investment Banking is mastering excel and powerpoint. To be most efficient requires you to use keyboard shortcuts instead of your mouse. Once you’ve mastered all the keyboard shortcuts, you’re able to produce work at a significantly faster pace. When I first started in banking in 2011, I was familiar with excel and powerpoint but mostly reliant on my mouse. I started to learn some shortcuts but was progressing slowly. Then one day, a more senior Analyst in my office unplugged my mouse and told me he would return it in a week. Suddenly, I had no other option but to use shortcuts for everything. At first, it was painful. Simple tasks took forever. But after a week, I was able to operate entirely using shortcuts. The fixed constraint (no mouse) dramatically accelerated my pace of learning and forced me to master a skill I’m confident otherwise would have taken many months.

    Having hard constraints imposed is uncomfortable. It’s also often necessary to unlock improvement. Generally, if you ask someone to create something in three weeks, they will take three weeks. If you ask someone to create something in one week, they will take one week. Imposing hard constraints is often a balance between uncomfortable and unreasonable and setting those lines is an art in of itself.

  • Avoid speaking negatively about others (even when it’s deserved)

    When you speak down about a person to a third party (i.e., someone who doesn’t know them), it will often reflect negatively on yourself. The weaker the relationship between you and the third party, the truer this is. If the person you’re speaking with hasn’t formed their own opinion, they are unlikely to believe you with certainty. And if they hear you speaking poorly about someone they haven’t informed an opinion on, they might wonder, will this person speak poorly about me to others?

    Here are some common examples.

    1. Speaking poorly about another colleague. Let’s say you work on the sales team, and Dan is an ineffective salesperson. He’s sloppy. He doesn’t close deals. If you’re Dan’s colleague, there might be a temptation to speak negatively about Dan to other team members. Either the person will know Dan and already have formed their own negative opinion of him, at which point hearing it from you will only make you seem like a bully. Or they won’t know Dan, and they’ll wonder why you’re speaking negatively about your colleague, regardless of whether it’s true.

    2. Speaking poorly about a former colleague. Let’s say you start a new job in customer support. During your onboarding, you’re paired with a colleague James who is consistently talking about how terrible a former team member – Taryn – was. Because you never met Taryn, and don’t have your own opinion about her, you’re likely to be skeptical and wonder why it’s a topic of discussion. Even if Taryn was really bad at her job, James is likely to seem gossipy or rude by making it a point of discussion.

    3. Speaking poorly about a former boss or employer in an interview. If you’re interviewing for a new job, it’s likely you’re dissatisfied with your current boss or company. But spending a lot of time in the interview speaking negatively about it isn’t likely to win any favours. That doesn’t mean you need to pretend a bad situation is great. But it does mean to avoid making the topic a focus of the interview.

    P.s., I’m making some domain and hosting changes to the blog. For the next few weeks, you won’t be able to reply directly to this email. If you want to send me a note, you’ll need to send it to daveowencord@gmail.com directly. Thanks for your patience.

  • Showing up for your team

    At some point in your professional career, your team will go through a challenging period. It’s natural for there to be ups and downs at work, as there are in life. Through some of my own mistakes and trial and error I’ve come to believe there are certain principles that resonate with teams when addressing challenges, regardless of the cause.

    1. Address the issue head on. Never shy away from a problem. If you see it, your team sees it. If you proactively address it, it will be better received than if your team has to raise it with you. Never put on an overly positive air or insinuate the situation is better than it is. Pretending it’s all good, if you don’t feel that way, is sure to be poorly received. People pick up on inauthenticity and it reduces trust in you and raises questions about your judgement.
    2. Be as transparent as possible. The more information you can share about the situation the better. Calibrate what you share based on the maturity of the team, and in some cases, limit information to respect people’s privacy. For example, if I’m speaking about financial performance with a more junior team, I will likely use higher level references and go into less detail than I might with a senior executive team. But generally, the more you can share the better. It contributes to the team’s professional development and breeds trust.
    3. Share how you’re feeling and discuss the plan. It’s ok to be vulnerable, even if you’re feeling stressed or anxious. Vulnerability based trust is powerful. And if you’re feeling that way, the team has probably already picked up on it. But make sure to pair those feelings with a clear sense of direction and ideally an action plan. Hearing your leader say “I’m really, really stressed about the timeline for our new plant opening and I’m worried we might be delayed” is scary if that’s the end of the message. Hearing, “I’m really, really stressed about the timeline for our new plant opening and I’m worried we might be delayed. I’ve put in an order with two alternative suppliers for the key part we need and have reached out to our facilities in Mexico as an alternative backup. I should have more information next week on where we are” is better.

    Every leader will be put in the position of managing through a challenging time with their team. How you do so and communicate will leave a lasting impression. More so than how you navigate the good times.