⚡️🧠Impact = Environment x Skill
A framework for making big career decisions by @iambangaly (Reforge Partner, Former Instacart, Instagram)
Full post -> https://t.co/dU0l7e0BWR
🧵 Thread...
As a result, Bangaly got a lot of reps guiding this type of decision and created a framework to help with it...
The goal is not to try and boil this type of decision down to a spreadsheet of inputs that spits out the answer, but rather it helps with 4 things...
- Identify individual variables that are inputs into the decision.
- Evaluate each individual variable in a structured way.
- Understand the relationship between each variable.
- Narrow the decision down to the most important variable
...
- Choosing to work on the shiny object
- Thinking you just need to improve your skills to progress
- Short-term thinking
- Solving only for brand
- Mixing perception and truth
a. Impact fuels career progression. It is the thing you need to solve for.
b. Impact is the product of Environment and Skills
c. If our skills are great, but the environment is wrong (or vice versa), then we aren't set up for success.
a. Your manager
b. Resources
c. Scope
d. Team
e. Compensation
f. Company culture
a. Communication
b. Influence/Leadership
c. Strategic Thinking
d. Execution
0 = Major Bottleneck
1 = Neutral
2 = Major Amplifier
...
a. Identify the variable that matters most
b. Evaluate your ability to change each variable
c. Understand the time horizon it will take to change each variable.
https://t.co/iN0M6eCjPI
Or learn more from Bangaly as a Reforge Member -> https://t.co/uzfVcrSzOy
More from Tech
Hey guys, just a friendly reminder. We're watching you. pic.twitter.com/bGwi1uJBwT
— CIA Metadata Analyst with 8 kids (@CiaKids) September 23, 2019
We've seen and struggled in civil conflicts with instant, local, universal, distributed communications (cell phone era, basically every conflict since 2000). We've seen and struggled in conflicts with instant, global, universal distributed communications (everything since 2011).
The world's most overfunded military and glow in the dark agencies struggle and largely fail to contain conflicts where fhe vast, vast majority of people are locked into a ~5mi radius of their home.
How can they possibly contain a conflict in a nation with universal car ownership and the most developed road network in the world? The average car can travel over 400 miles on one tank of gas, how can you contain the potential of that kind of mobility?
I think that's partially why the system was so freaked out by 1/6. Yes, most of it is histrionics but you don't decide to indefinitely turn your capital into the Baghdad Green Zone with fortifications and 25k troops over histrionics alone.
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Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
I'm increasingly interested in the idea of "personal moats" in the context of careers.
— Erik Torenberg (@eriktorenberg) November 22, 2018
Moats should be:
- Hard to learn and hard to do (but perhaps easier for you)
- Skills that are rare and valuable
- Legible
- Compounding over time
- Unique to your own talents & interests https://t.co/bB3k1YcH5b
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
People talk about \u201cpassive income\u201d a lot but not about \u201cpassive social capital\u201d or \u201cpassive networking\u201d or \u201cpassive knowledge gaining\u201d but that\u2019s what you can architect if you have a thing and it grows over time without intensive constant effort to sustain it
— Andrew Chen (@andrewchen) November 22, 2018
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
Things that look like moats but likely aren\u2019t or may fade:
— Erik Torenberg (@eriktorenberg) November 22, 2018
- Proprietary networks
- Being something other than one of the best at any tournament style-game
- Many "awards"
- Twitter followers or general reach without "respect"
- Anything that depends on information asymmetry https://t.co/abjxesVIh9
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
Just added Telegram links to https://t.co/lDdqjtKTZL too! Now you can provide a nice easy way for people to message you :)
Less than 1 hour since I started adding stuff to https://t.co/lDdqjtKTZL again, and profile pages are now responsive!!! 🥳 Check it out -> https://t.co/fVkEL4fu0L
Accounts page is now also responsive!! 📱✨
💪 I managed to make the whole site responsive in about an hour. On my roadmap I had it down as 4-5 hours!!! 🤘🤠🤘