Why Biden’s Decision to Step Away Was So Extraordinary: A Powerful Lesson Towards TRUE Success

This newsletter follows the newsletter on Ambition and the fear of irrelevance that I wrote a week ago. Before the whole world changed.

Today, you and I stand in a new reality, thanks to the extraordinary and noble move of a truly strong leader: Joe Biden.

In a world where stepping away from a successful career is often met with surprise or even skepticism, President Biden’s decision to walk away from public life stands out as a remarkable example of wisdom and humility.

But why is stepping away from a successful career so challenging? I made the case for the fear of irrelevance as a driving factor in that last piece, mentioning Ruth Bader Ginsberg and even Madonna as fellow sufferers of the inability to loosen one's grip on power. Today, I can add that a decade-long study (cited in the new issue of HBR*) has revealed three key psychological hurdles that make this transition difficult for many professionals - and that will be relevant for you in not only walking away if and when you need to, but also in stepping aside SO THAT your leadership and business can grow, when the time comes. Here are the 3 hurdles you can expect to face then:

1?? Identity Crisis

Leaving a career often triggers an identity crisis. For many, work isn't just a job—it's a defining aspect of who they are. The question "Who am I without my work?" can loom large, leading to a deep sense of uncertainty.

This is that very sense of irrelevance of which we spoke, and those who experience this hurdle will feel that the loss of their position is a form of death. As such, they - or you - can expect to literally go through the five stages of grief.

But if you do not let go? It will be worse.

2?? Loss of Purpose

The daily routine, the sense of contribution, and the fulfillment that comes from achieving professional goals create a strong sense of purpose. The thought of losing this can be daunting, leaving individuals feeling adrift. A great way to mitigate this, in addition to the below, is the enforcing of routines outside of work. Without these, we can begin to feel aimless, and can become depressed.

3?? Relationships

Over a career, professionals build strong, respected connections that often become a significant part of their social and emotional lives. The fear of losing these relationships can make the prospect of retirement feel emotionally overwhelming.

This one is just as tough as the last two. It will help to expect it, and further, to read on for what you can do to overcome these hurdles and RISE AGAIN.

Regardless of what you will face and what you can practically do to get past these and let go, know this:

Overcoming these hurdles means confronting one's own ego and ambition. It requires acknowledging that identity, purpose, and relationships can exist outside of a career. It will be good to go easy on yourself as you face each of these hurdles and to keep in mind that the other side can and will be just as fantastic.

The benefits of making this transition are immense, offering new opportunities for personal growth, exploration, and fulfillment. For there is always an Act 2, Act 3, and Act 4....

Taking Proactive Steps for a Smooth Transition

For leaders/ founders and anyone out there who is currently faced with a need to move on but reluctant to let go, here are a few proactive steps to facilitate this transition:

• Reflect on New Passions: Encourage leaders to explore interests and passions outside of their current roles. This can help them envision a fulfilling life beyond their career.
• Reframe Retirement: Shift the narrative from "retirement" to "a new chapter." This can make the transition feel less like an end and more like a beginning.
• Strengthen Non-Work Relationships: Fostering relationships outside of work can provide emotional support and a sense of belonging that isn't tied to a professional identity.
• Seek Guidance and Support: Engaging with coaches, mentors, or support groups can provide valuable perspectives and help navigate the emotional complexities of stepping away.

I hope you will seize the moment and, like President Biden, do something really noble and outstanding with it.

President Biden's decision is a powerful reminder that stepping back can be as significant as stepping up. It’s a testament to the strength found in humility and the courage to embrace change, setting a remarkable example for all leaders.

Looking forward to your comments.

If you are ready to take your leadership and life to the next "act," get in touch for a coaching consultation. Here's the link: https://calendly.com/kereneldad/consultation?back=1&month=2024-07