"Whether starting a new job, founding a company, or volunteering, you'll boost your chances of success if you get a few things right, John Studzinski said. The veteran financier and philanthropist, who published a book titled "A Talent For Giving" this month, shared with Business Insider four crucial lessons he's learned during a career spanning five decades and stretching from Morgan Stanley to HSBC, Blackstone, and now Pimco as the bond giant's vice chair."
"Studzinski, 69, said he's long told young people the importance of the "Three D's": data, details, and deadlines. "You have to understand the numbers," he said. "You have to understand the facts, the details. And you really need to be very good at deadlines, namely time management." Studzinski said that smartly managing his time has been key to reaching the highest echelons of Wall Street and the nonprofit sphere."
"Studzinski said that "knocking" is an important skill, whether you're an investment banker drumming up business or a volunteer fundraising for a charity. Studzinski said that you may have to " knock on the door" 19 or 20 times before it opens, adding people need an "element of tenacity" to succeed. Focusing too much on your status or reputation can lead to costly mistakes, Studzinski said."
Master the Three D's — data, details, and deadlines — by understanding numbers, facts, and practicing strict time management. Allocate time by deciding whether to do tasks yourself, collaborate or partner, or delegate to others. Persist with tenacity and expect to make many outreach attempts before opportunities open. Keep ego out of decisions by prioritizing sound judgment over status or reputation. Build and maintain trust within teams and networks to enable partnerships, fundraising, and long-term success across jobs, startups, volunteering, and nonprofit work.
Read at Business Insider
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