Tips From 7 Habits: The P/PC Balance

I’m currently reading the 7 Habits of Highly Effective People by Stephen Covey for probably the 20th time, but this time I wanted to make a quick post analyzing what I read each day. For the readers who like this kind of stuff, I’ll have a quick new post on what I learn everyday, and if you’re not into the self-help stuff, that’s fine too. If you’ve never read “7 Habits”, I would advise you to not only read it, but this is one of the essential books that you should get a hard-cover copy of. Mine is highlighted, marked-up, written on all over, and looks like an ancient document at this point because I’ve gone through it so many times.

I read for 10 minutes every morning, and I’ve gotten to page 54 before I got the idea to post about what I read each day, so that’s where I’m starting from. Here’s my first “7 Habits” post:

Interdependence and the P/PC Balance: pages 48-55

When I started reading this morning, I was on the part where Covey is giving an overview of the 7 habits. The first thing I highlighted said,

“Happiness can be defined, in part at least, as the fruit of the desire and ability to sacrifice what we want now for what we want eventually”.

I could write a whole post on that, but it’s clear what that means. It’s also profound- you could sit and think about how that applies to different parts of your life for hours. He then talks about the different meanings of dependence, independence, and interdependence. He is saying that interdependence is our ultimate goal, when we realize that we can accomplish and be fulfilled much more through effective collaboration and relationships with others than by ourselves, whether that’s with family, friends, or in business.

The next part I got to is where Covey introduces the concept of the P/PC Balance, which he illustrates by telling the story of the Goose and the Golden Eggs. I’ll spare you the story obviously, but one line I want to quote here is:

“If you adopt a pattern of life that focuses on golden eggs and neglects the goose, you will soon be without the asset that produces golden eggs”.

This again, is a profound statement that can translate to your physical, financial, and human assets. The main thing I thought of was my own health. I’m still pretty young and healthy, but I know I eat way too much salty and fatty foods, but I’m always telling myself I’m going to quit eating fast food soon… but I’ve been saying that for the last few years.

In our business, this also directly translates directly to our development of core skills. Like I’ve said many times before, the only three things you need to know how to do to have success online is how to develop great content, know how to drive traffic, and know how to monetize that traffic. If you get caught up in jumping from “method to method”, you never give yourself the chance to develop these core skills. That’s why the main thing you need to do is spend all your time and energy getting one site to an income of at least $500 per month, and if you do that, you will have learned these 3 core skills, which you can then replicate as many times as you want.

Alright, that’s my spiel for today- I hope you learned or were reminded of some important things.

 

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4 Comments

  • Jay

    Reply Reply August 12, 2011

    Nate,

    Really great post. I completely agree on the idea of focusing your time and energy instead of jumping from one thing to the next. I, myself, have done this, but as soon as I started to commit to one thing, I began to see much greater results.

    Jay

    • Nate

      Reply Reply August 12, 2011

      Jay-

      Yeah the mindset of “what can I do today that will make a difference in a month” is a much better mindset than “how can I make money this week”.

      And then focusing on one project until it’s successful is what most people fail to do.

  • Fleur

    Reply Reply August 13, 2011

    Hi Nate

    Great post ! Liked the 7 habits info and the reminder to get the fundementals right on one sight first. Really like your above post comment too ‘Yeah the mindset of “what can I do today that will make a difference in a month” is a much better mindset than “how can I make money this week”.’, I think that mindset would really help when your starting out and you have no money coming in yet from your sites.

    Fleur

  • Nate

    Reply Reply August 15, 2011

    Fleur,

    That mindset is really important, especially when you’re starting out. When you hear of people who have built up successful businesses, it always took them years to do it- not weeks or even months.

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