The Seven Habits of Highly Effective Mediocre People
I'm pretty mediocre. I'm ashamed to admit it. I'm not even being sarcastic or self-deprecating. I've never done anything that stands out as, "Whoa! This guy made it into outerspace! Or...this guy has a best selling novel! Or...if only Google had thought of this!" I've had some successes and some failures, but never reached any of the
I've started a bunch of companies. Sold some. Failed at most. I've invested in a bunch of startups. Sold some, failed at some, and the jury is still sequestered on a few others. I've written some books, most of which I no longer like (except the ones you get when you sign up for
). I can tell you overall, though, everything I have done has been distinguished by its mediocrity and lack of a grand vision, and any
That said, all people should be so lucky. We can't all be grand visionaries. We can't all be Picassos. We want to make our business, make our art, sell it, make some money, raise a family, and try to be happy. My feeling, based on my own experience, is that aiming for grandiosity is the fastest route to
If you want to get rich, sell your company, have time for your hobbies, raise a halfway decent family (with mediocre children, etc.), and enjoy the
In between the time I wrote the last sentence and the time I wrote this one I played (and lost) a game of chess. My king and my
I find that many entrepreneurs are trying to do everything when it would be cheaper and more time-efficient to delegate, even if there are monetary costs associated with that. In my first business, it was like a lightbulb went off in my head the first time I delegated a programming job to someone other than me. At that time, I went out on a date, which was infinitely better than me sweating all night on some stupid programming bug (thank you, Chet, for solving that issue).
Try to figure out why you are
Procrastination could also be a strong sign that you are a perfectionist. That you are filled with shame issues. This will block you from building and selling your business. Examine your procrastination from every side. It's your body trying to tell you something. Listen to it.
There's a common myth that great people can
So great people can multitask but since, by definition, most of us are not great (99% of us are not in the top 1%), its much better to single-task. Just do one thing at a time. When you wash your hands, hear the sound of the water, feel the water on your hands, scrub every part. Be clean. Focus on what you are doing. Often, the successful mediocre people should strive for excellence in zero -tasking. Do nothing. We always feel like we have to be "doing something" or we (or, I should say "I") feel ashamed. Sometimes it's better to just be quiet-to not think of anything at all. Out of silence comes the greatest creativity, not when we are rushing and panicking.
As far as I can tell,
My last 16 out of 17 business attempts were failures. I made so many mistakes in my first successful business I'm almost embarassed to recount them. I remember one time I was trying to pitch Tupac's mom that I should do the website for her dead son. I had a "CD" (what's that?) of all my work. I went to Tupac's manager's office and he said, "ok, show me what you got."" The only problem was: I had never used a Windows-based machine-only Macs and Unix machines. So I honestly had no idea how to put my CD into the computer and then view its contents. And I had gone to graduate school in computer science. He said, ""you have got to be kidding me.""
It was a $90,000 gig. It would've met my payroll for at least two months. It was a done deal until I walked into his office. I left his office crying while he was laughing. When I came back to my office everyone asked, "How did the meeting go?" I said, "I think it went pretty well." And then I went home and cried some more. I roll that way. Then I bought a Windows-based PC for myself and learned how to use it. I don't think I ever bought a Mac again actually. It's possible to learn from successes, but it's much easier to learn from failures.
Ultimately, life is a sentence of failures, punctuated only by the briefest of successes. So the mediocre person learns two things from failure: First, he learns directly how to overcome that particular failure. He's highly motivated to not repeat the same mistakes. Second, he learns how to deal with the psychology of failure. Mediocre entrepreneurs fail a lot . So they get this incredible skill of getting really good at dealing with failure. This translates to monetary success. The mediocre entrepreneur understands that persistence is not the self-help cliche, "Keep going until you hit the finish line!" The key slogan is, "Keep failing until you accidentally no longer fail." That's persistence.
I've never come up with an original idea in my life. My first successful business was making web software, strategies, and websites for Fortune 500 companies. Not an original idea but at the time, in the 90s, people were paying exorbitant multiples for such businesses. My successful
The best ideas are when you take two older ideas that have nothing to do with each other, make them have sex with each other, and then build a business around the bastard, ugly child that results. The child that was so ugly nobody else wanted to
I'm that guy. You know, the one at the party that doesn't talk to anyone and stands in the corner. I never go to tech meetups. I usually say no to very nice
But many people network too much.
Do Anything to Get a "
Here's a negotiation I did: I was starting StockPickr.com and meeting with the CEO of TheStreet.com. He wanted his company to have a percentage of StockPickr and in exchange he would fill up all of our ad inventory. I was excited to do the deal. I said, "Ok, I was thinking you would get 10% of the company." He laughed and said, "No. 50%."" He didn't even say "We would like 50%."" He just said, "50%."" I then used all my
But the end results: in one case TheStreet had a significant stake so that gave them more psychological stake. And for my first business Miramax was now on my client list. So Con Edison had to pay a lot more. I'm a mediocre salesman and probably a poor negotiator although I try to learn from the best. But consequently, I get more deals done, I get the occasional loss leader, and then ultimately the big fish gets reeled in if I get enough people to say "yes.""
Judge People Poorly
The mediocre entrepreneur doesn't "Blink" in the
At this point, when I meet someone, I make sure I specifically don't trust my first instincts. I get to know people more. I get to understand what their motivations are. I try to sympathize with whatever their position is. I listen to them. I try not to argue or gossip about them before I know anything. I spend a lot more time getting to know the people who I want to bring closer. I have to do this because I'm mediocre and I'm a lot more at risk of bringing the wrong people into my circle.
So by the time I've decided to be close to someone: a client, an employee, an acquirer, an acquiree, a wife, etc I've done a lot of work into thinking about them. This means I can't waste time thinking about other things, like how to put a rocketship on Jupiter. But overall it's worked.
"I thought being mediocre is supposed to be bad?" one might think. Shouldn't we strive for greatness. And the answer is: "Of course we should! But let's not forget that 9 out of 10 drivers think they are 'above the median in driving skill.'" People overestimate themselves. Don't let overestimation get in the way of becoming fabulously rich, or at least successful enough that you can have your freedom, feed your family, and enjoy other things in life.
Being mediocre doesn't mean you won't change the world. It means being honest with yourself and the people around you. And being honest at every level is really the most effective habit of all if you want to have massive success.
The Seven Habits of Highly Effective Mediocre People | The Altucher Confidential
James Altucher has written nine published books and one comic book. He's created a web series for
Want to see your work on Lifehacker? Email Tessa .