I recently had a client ask me about the hedgehog concept. Are you familiar? The term was coined by Jim Collins in his ground-breaking best-seller, “Good to Great” back in 2002.
Jim took a look at three key aspects of a business:
- What you are deeply passionate about?
- What you can be the best in the world at?
- What drives your economic engine?
When combined (using his three circle tool for illustration) we can see how the “hedgehog” is a business who operates within all three simultaneously.
I’d like to take the view deeper and look at your individual role by modifying the terms:
- What do you love doing?
- What are you uniquely gifted to do?
- What pays you well when you do it?
When you answer these questions you may find that you hit two out of three. Many of my clients feel this way. Let’s evaluate the typical responses…
- If you are doing what you love and you feel uniquely gifted to do it, but it does not pay well, you may feel happy & poor.
- If you are doing what you are gifted to do and paid really well to do it, but you just don’t love it, you may feel rich & bored.
- If you are payed really well and you love what you are doing, but you know you lack the skills to meet the new goals, you may feel overwhelmed & stressed.
What would your role look like if you could have all three, simultaneously? What can you do to remove any barriers from having all three?
What is holding you back?