Weekly Business Insights from Top Ten Business Magazines | Week 324
Leading & Managing Section | 2
Extractive summaries and key takeaways from the articles curated from TOP TEN BUSINESS MAGAZINES to promote informed business decision-making | Since September 2017 | Week 324 | November 24-30 2023
19 Ways Saying ‘No’ Can Reduce Work-Related Stress
By Forbes Business Development Council | Forbes Magazine | November 29, 2023
Extractive Summary of the Article | Listen
As a business development leader, it can be tempting to say “yes” to every opportunity that comes your way. However, constantly taking on new projects, assignments, and opportunities can lead to increased stress levels and overwhelming demands. Learning to say “no” can help you focus on what matters most, reduce stress and establish clear boundaries. To that end, Forbes Business Development Council members share how saying “no” has helped them alleviate stress and achieve a happier, healthier work-life balance.
- Creates Laser-Sharp Focus. Part of creating laser-sharp focus is to be able to say “no” to everything else. This has helped the council member to save so much time by saying “no” to many meetings and so many people. It has helped him create a more balanced life by excelling at work as well as being able to deliver committed results.
- Empowers Others. According to another council member I’m a problem solver and my first instinct is to solve things and get things done efficiently so I can move on. I have to remind myself that I can empower others—by saying no—to do the tasks that I simply cannot. “I can have it all, I can not do it all.”
- Preserves Resources. Saying “no” is vital in preserving focus and resources for strategic priorities. Overcommitting can put more stress on your shoulders and yield mediocre outcomes. Rejecting tasks that diverge from core objectives prevents overextension and burnout.
- Encourages Counterparties To Solve Problems. Saying “no” or “I’m out” alters the mindset of the counterparty to be a problem solver and to find a solution under the certainty of your rejection. Flexibility is a key ingredient of success but with some drops of firmness, you will have the best results.
- Prioritizes High-Impact Opportunities. While “no” may have a negative connotation, it’s essential for maintaining focus and managing resources effectively. Saying “no” allows to prioritize high-impact opportunities and initiatives, reducing the risk of overextending and feeling overwhelmed. It also promotes clarity and empowers the team to channel their efforts into what truly matters.
The others are:
Sets Boundaries And Prevents Burnout
Protects Your Calendar
Provides Direction And Clarity
Allows You To Pursue More Synergistic Opportunities
Prioritizes Where Energy Is Spent
Gives You Time To Recuperate
Provides Immediate Release From Commitments
Allows You To Be Motivated
Keeps You Focused On Reaching Goals
Helps You Avoid Making A Bad Deal
Allows You To Take Direction And Give Feedback
Fosters Transparent Decision-Making And Expectations
Protects Your Time And Sanity
Helps Manage Priorities
2 key takeaways from the article
- As a business development leader, it can be tempting to say “yes” to every opportunity that comes your way. However, constantly taking on new projects, assignments, and opportunities can lead to increased stress levels and overwhelming demands.
- Forbes Business Development Council members share how saying “no” has helped them alleviate stress and achieve a happier, healthier work-life balance. Their why’s are: creates laser-sharp focus, empowers others, preserve resources, encourages counterparties to solve problems, prioritizes high-impact opportunities, sets boundaries and prevents burnout, protects your calendar, provides direction and clarity, allows you to pursue more synergistic opportunities, prioritizes where energy is spent, gives you time to recuperate, provides immediate release from commitments, allows you to be motivated, keeps you focused on reaching goals, helps you avoid making a bad deal, allows you to take direction and give feedback, fosters transparent decision-making and expectations, protects your time and sanity, and helps manage priorities.
(Copyright lies with the publisher)
Topics: Productivity, Time-management, Management