Respecting The Craft
  • Home
  • Newsletter
  • Contact

Newsletter Archive

Playing the Long Game

12/12/2019

1 Comment

 
I had a terrible experience with my last dental cleaning. 

The appointment itself was a small part of the problem. It got off to a rocky start as I had to wait 15 minutes past my scheduled start time. That could be forgiven since appointments often run over. But it seemed like the hygienist was in a real rush to get out of there. It was early afternoon, and maybe I was her last appointment, I don't know. But what should have been a 60 minute appointment lasted under 20 minutes. She went quickly through the normal cleaning routine, really rushing things and not doing what I thought should be a thorough job.

And I was a little irked that they didn't do some of the normal nice touches either. Normally, I get an eye compress and get to pick my flavor of the tooth polish at the end. I didn't get either. (I know, real first world problems). 

Honestly, I could have overlooked all of that, but the real issues came when I got the bill. My insurance covers standard dental cleanings, but they had billed me as a periodontal patient because a few years ago I was at risk for periodontal issues. This is a more expensive cleaning procedure.

I called up the dentist office confused why I had to pay anything, and they explained the situation. Now I've been a patient there for years and had no issue. So I was pretty aghast at this. I told them that the cleaning I got wasn't anywhere near a periodontal "deep cleaning", let alone a standard cleaning. So they waived the cost. I was pretty satisfied at that, though disgruntled that they had someone who was doing bad work and billing for extra.

Then a second bill came. For $19.20. While they had waived the initial cost, it got billed through insurance and then my part had to be paid. I called the dentist office back because standard cleanings should be free. But again, because of the way they had billed it, I was on the hook for some money. I expected them to waive this part but they wouldn't. I was pretty frustrated at this point. We went the rounds, but they wouldn't budge.

So I left them with an option: I'll pay the $19.20, and they could cancel my next appointment and lose me and my family as patients going forward. They opted to take the $19.20. And I canceled my next appointment and have found a new dentist to try.

Long-Term Value
I'm not sure what the lifetime value of my family is as patients, but I expect it is pretty high. Maybe patient acquisition is easy, or maybe there is higher value elsewhere, and that's why they made such a decision. I don't really know. But exchanging very short-term gains for the long-term value is never a good trade.

Yet we see it happen all the time. My dentist office decided $19.20 was worth losing all of us as patients. Companies decide all the time that short-term gain is better than long-term investment. Individually we do it as well.

As I sit here writing this, there is a candy dish with peanut butter M&Ms close by. It is way too easy for me to eat a handful of M&Ms at any time (and I munch on them more often than I should). They make me pretty happy in the short-term. But M&Ms don't really align with my long-term goals of being fit. And yet I make the tradeoff.

Play The Long Game
So how can we do better about playing the long game? The long game is really about knowing what we want in life and focusing our efforts on that. With the M&Ms, I really want fitness, so limiting how much candy I eat is critical to that. With a successful business, I want long-term customers/patients, so collecting $19.20 is a pittance. 

Here's what we need to keep in mind:
  • Don't trade short-term pleasure for long-term happiness
  • Build meaningful relationships rather than transactional ones
  • Maximize strategic value rather than short-term profit
  • Do the difficult things with long payouts over the easy things with short payouts
  • Invest in yourself
  • Build things to last
  • Invest in doing things right the first time
  • Admitting mistakes and making them right always goes further than trying to cover them up
  • Happy customers/users beget other happy customers/users

It's rarely easy, but ultimately comes down to understanding what we value most highly. What is our priority? Is it to make a few bucks right now, or is it to create something of value that will last for a long time? Is it to win an argument or to create a long-term relationship? Is it to be happy for a moment, or create deep satisfaction for a lifetime?

Hopefully, the road will be long, so ensuring that we play the long game will benefit not only us but our families, businesses, customers, and everyone we come in contact with.

Best of the Rest

Additional Links
  • The Lesson to Unlearn - Our education system has taught us numerous bad lessons, one of which is to hack bad tests. And that is something that sticks with us through our lives. Unlearning that lesson and finding ways to get out of places that have bad/hackable tests is one of the keys to success. A great read.
  • Why One-on-One Meetings Suck and What We Can Do About It - I wrote about one-on-one meetings and what we can do to make them better. They are such a critical part of leaderships and deserve to be a top priority for us as managers. 
Favorite Books of the Month
  • What You Do Is Who You Are - My favorite read of the month was the new book from Ben Horowitz on building culture. He takes a look at different cultures and analyzes the lessons on how we can build lasting elements of culture in our organizations. It's fascinating stuff for leaders, especially anyone who thinks about impacting culture.
  • Radical Candor - While it took me longer to read than I would have hoped, Radical Candor has a lot of great bits of wisdom that I've been applying in my day-to-day. From continuous feedback to striving for candid honesty, we'd all be better off with much more candor in the office and in our relationships.
1 Comment
Andre Mckinney link
10/16/2022 01:59:09 pm

Matter charge step. Travel husband smile now coach.
According owner deal radio. National behind play herself since main popular clear.

Reply



Leave a Reply.

    Archives

    March 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019

    Categories

    All

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • Home
  • Newsletter
  • Contact