Sunk Costs and Moving On!

I have some hard-earned wisdom that I have impart to all of my readers. You know that this place is all of being positive; but, sometimes, you can negative situations that lead to positive outcomes. I have recently had one.

I hired help to schedule my projects. Things were going okay but I felt that there was a communication issue. It got to the point where I felt that I wasn’t being heard so I hired book coach to help me with my goal. Less than one week later my book and workbook were steadily selling. The person I hired to help me sent me a very nasty email questioning whether or not I was coachable (for the record, I had two other coaches that said that I listened and did all of their assignments). That email showed me who she really was. I paid this person way more than the other coaches and didn’t get a fraction of the results.

And this is where wisdom and maturity kicked in…

I didn’t get mad. I just chucked it up to sunk costs!

I would never get my money back and even though I was in between jobs at the moment, I decided to focus on my moneymaking activities and put all of my effort and energy into promoting my book and workbook sales. That money was sunk cost. I mentally moved on from her. Yes, I completed the month’s contract but didn’t renew the contract because it was not working and I could get much more return on investment from my other coaches.

I go back to what Dr. Maya Angelou said: When people show you who they are, believe them. I truly believe this.

The person I had helping me was not going to change; so I decides to change by taking my money and energy elsewhere. I suggested you do the same whenever confronted with these types of people and situations.

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This Week in PCM : Allowing Yourself to Be a Beginner

Oftentimes many people are dissuaded from starting new tasks or changing their habits because they are not expert. It is important to remember that everyone starts off as an amateur. No one instantly becomes an expert. Of course, you want to become an expert one day but getting started is the first step.

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I admit that I fall into this trap. When you have a degree, certification or a certain success level, you hate even thinking about the reality of starting over. You realize how much time and effort it takes to accomplish these things; however, you must admit that eating unhealthy, not exercising and procrastination are not good habits. We must change our habits like yesterday. We must also change our unrealistic perceptions of what new habits’ successes would look like. Remember, our future success may not look like our current success. For example, your definition of success receiving your degree differs from your success definition of receiving your first job. As we advance through life, our success definition changes. That’s why when you decide to change, you cannot uphold your future success definition to your current one. Therefore, allow yourself to be a beginner by starting right now!

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Pivoting past office politics

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I have a situation where my office pays for my coworker’s PMP studies. I have to self-finance mine without my employer’s assistance because I am not the ‘Golden boy’. This is a big professional slight because earning this credential propels your career. PMP is accepted across multiple industries. This has stung because it is like my office doesn’t have the same vested interest in my career success as it does my coworker’s. I admit that I am extremely disappointed.

Life isn’t fair. There are favoritism and office politics within any work environment. I have been in this predicament where I have been on the bad side. Here are my three tips on how you deal with it and manage your career effectively.

Take the emotion out of the situation

I know that this extremely hard to do when you spend 40 hours looking at these people. You have to convert this emotional energy into productivity. In my case, I have saved the money to purchase project management study guides. Remember, that you still control your paycheck! Instead of feeling sorry for yourself and buying a tub of ice cream, invest in yourself by saving the money to get the requisite credential to advance your career. You have to manage your money differently because your career is stagnating here.

Use what workplace capital and stick to the bottom line

You will get through this rough patch of corporate betrayal. Align what you want with your company’s objectives to achieve buy-in. I have. I have used my capital to have my employer upload the project management software onto my work computer. I have sold the company that this is a way of improving my productivity. No, you may not be the favorite but money is money; and, increasing work productivity makes money.

Use this opportunity to pivot somewhere else

Go where you’re appreciated not tolerated. Don’t ever tolerate mistreatment from any place especially when you are spending 40 hours a week there. You are a competent professional. Favoritism means that I am being tolerated. I have used my simulation software ‘win’ to pass the PMP exam. I have pivoted to another career opportunity. Immediately I market my PMP/MBA combination into a private sector opportunity.