At the weekend I was discussing with our neighbors about the way we consume media and how the growth of on demand has created a whole ‘binge viewing’ culture and the change of viewing habits, such as catch-up TV. I don’t know about you, but the majority of my TV viewing is now on-demand or through catch-up. There is no doubt the big screen in our living room’s is here to stay but the big question is, who will provide what we watch on it?
I am sure on a professional network such as Linkedin, very few will have succumbed to ‘binge’ viewing. I’ve found a ‘binge’ viewing session can be quite therapeutic. I am sure I am not alone and there will be many who have had 3 hour marathon watching House of Cards, 24, Game of Thrones or Breaking Bad.
The question all media producers are trying to answer is how will we receive media for consumption in the future. Just look at the recent news of Amazon relaunching the famous BBC series, Top Gear. 10 years ago Amazon delivering media content would have been a bit of a joke given our habits where very different back then. Diversity of viewing now presents a real problem. How do you know which one is future proof? I don’t believe anybody honestly knows how we will consume media in the future.
Just like all those big media companies, going through the process of change can be quite a painful experience. Being creatures of comfort we like things to stay the same, we like certainty. Change brings uncertainty and forces us to improve ourselves and adapt to a world which is constantly changing. Change brings pain.
What’s happening in TV is happening everyday. Today there will be numerous inventors and entrepreneurs working and thinking of ways to bring innovation to the way we live our lives. Think about it, 30 years ago, mobile phones where available to a select group, the internet was non-existent and in the UK you could watch 4 TV channels. For all those who were the wrong side of innovation, change was lethal.
Change is never easy, for the instigators or the recipients. Instigators have to battle against the status-quo and the recipients of change are forced to adapt which is not always convenient. It can be brutally uncomfortable, but what is certain, is that if you try to resist change, you tend to get run over by it. Those that do well, embrace change and adapt to the new world it creates.
Some of the casualties of change such as MySpace, Nokia, HD-DVD and Woolworth’s all had great USP’s but as times changed their offering didn’t seem to matter anymore. The same thing that killed those famous brands is a massive threat on the horizon for Apple, Google and Amazon.
The warning to us all is that, just like MySpace, if we are not keep up in our fields, we can quickly fall behind the changing environment in which we live and work.
We’ve all had those moments when you just want to throw in the towel. Lots of work with very little results or worse, you realise you don’t know why you are doing something anymore. Sometimes you get work overload and feel like you are drowning in all the things that need to be done or worse, the work you have to do doesn’t challenge you.
These are the moments when we feel like giving up…
Feeling this way isn’t wrong, it’s your emotions, mind and body reacting to your situation. The trouble is when you feel one way, it jades the way you view the world. You cannot process your situation objectively.
Has your idea not worked out as expected?
Has your career taken a turn for the worse?
Do you feel overloaded by the workload your dealing with?
Did the world once seem a place of endless opportunities but now seems full of obstacles?
Thomas Edison once said “Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.” That is certainly true for him, as he suffered many setbacks as an inventor. Eventually after countless setbacks and disappointments, he mastered the electric light bulb.
What many will not know though is that Edison invented a lot of things which didn’t work and struggled with the growth of his business. He was at his best in a small lab testing and inventing things. After several successful inventions his business grew to a large organisation. He struggled to adapt from being a quirky, unstructured inventor, to the head of a large company. He stepped outside of his skill set.
Stepping outside of your comfort zone can be a good challenge, but stepping outside of your skill set can be dangerous. You can make unwise decisions, overwhelm yourself and worse not understand the risks you are taking.
Coming back to Edison, he had an understanding of giving up far better than we do. If he had given up on the light bulb, we would probably not even know his name. However, Edison also turned down a lot of options to pursue his light bulb dream.
Here are some of my thoughts on giving up:
Giving up should not be an emotional decision.
Emotions tell lies, twist the truth and serve only themselves. As humans it’s impossible to make decisions without the involvement of emotions. Keep your emotions under control and make decisions when you feel you are a clear head. Make sure you provide evidence for both sides of the argument and make a decision based on what you see.
Giving up should not be a financial decision.
There is a lot of evidence of great achievers going broke or risking everything to pursue their passion. At the time they faced criticism and looked like idiots. They eventually made it, but had to pursue it through painful situations which to anyone who understands accounting, would not make sense. Richard Branson started a business from a payphone, he got into financial difficulties and nearly didn’t make it. EasyJet for many years was seen as a business that could not work, now it’s one of the larger and more successful airlines.
If you decide to give up or not, you should not just consider the financial implications, there are lots of other things to consider, such as quality of life, your life goals and your health. BUT and it is a big but, you must make the decision to give up or not understanding the financial implications.
Giving up should not be a short term decision.
Setbacks happen to us all, if you have had a bad week and feel like giving up, you need to grow some more willpower. Life is complicated and stuff happens. Make sure you take a longer term view than this week, this month. Start looking for this year, the next year and the next ten years.
Giving up should be a strategic decision.
Does giving up help you progress and follow your goals. Will it help you move forward? Enough said.
Giving up should be a move forward.
If you are giving up because of something, it’s probably the wrong decisions. If you are giving up for something, then it may make sense. That wasn’t just a play on words. Are you running from something or running to something?
Don’t give up by default.
It’s really easy to not make a decision on giving up and give up by default. This is the worst kind of giving up because you surrender control to your environment. You let things happen.
Giving up can be good if there are good reasons, but you have to work out if you have good reasons. You can’t be held hostage to emotions or circumstances. Nobody can give you the answer, you have to research it for yourself. You can make a good decision to give up and a good decision to not give up if you weigh the situation properly.
What about you?