Founder and CEO of ERG Enterprises, a nationally recognized thought leader in entrepreneurship, investing, and leadership, discusses the importance of maximizing your chances of earning a promotion in your career. He notes that 60% of workers are expecting a promotion this year, with half of those individuals willing to leave their current jobs if they do not receive one. Climbing the career ladder involves financial considerations, corporate politics, and external circumstances, but success is still within our control.
The article outlines three simple yet timeless practices to increase your chances of earning a promotion. The first practice is optimizing your time, which involves planning, reflecting on performance, and committing to continual learning. Second, prioritizing your team is crucial as entrepreneurship is a social enterprise that requires collaboration and teamwork. This involves embracing the philosophy of “we” versus “me,” investing time in others, and emphasizing communication and transparency.
Another key practice is leaning into your talents, which involves recognizing your strengths, focusing on maximizing your talents to benefit your team, and considering a career change if your talents do not align with your current role. By reflecting on your experiences, pushing for more opportunities to apply your talents, and evaluating and refining your performance, you can position yourself for a promotion. The basic formula for success, according to the author, is time plus team plus talent.
The author draws on his own experiences as a physician and entrepreneur to highlight the importance of being disciplined and intentional with your time. By adopting practices such as planning, reflecting on performance, and committing to continual learning, you can optimize your time and increase your chances of earning a promotion. Likewise, valuing your team and emphasizing collaboration and communication are essential for success in any career.
In conclusion, the article encourages readers to take matters into their own hands and erase any doubts that they deserve a promotion. By focusing on maximizing their time, prioritizing their team, and leaning into their talents, individuals can position themselves for success and achieve their career goals. The key is to be proactive, reflective, and intentional in your approach to career advancement, using time, team, and talent to your advantage.
