Every minute you spend doing one thing is a minute you give up something else. There is an opportunity cost for everything you do. Everybody has 100 great ideas. Good ideas are a dime a dozen. It seems like I get a new one everyday. But, success isn’t about having a great idea. Success is …
Monthly Archives: December 2017
Risk is binary
Isn’t everything binary? Maybe. But for now, let’s just consider risk. Risk is simply uncertainty of an outcome. It can be thought of as a choice between two options. Either you take the risk, or you don’t. A helpful way to consider whether to take the risk is to ask: A. What is the worst …
What’s your 2018 side hustle?
I think everybody should have a “side hustle.” Something they do to make a little money on the side. For example, a friend of mine has some embroidery machines he has owned for a while. They are just sitting. In 2018 he has set a goal to generate an extra $50,000 in income from his …
20% problem. 80% solutions.
It seems to me that when it comes to overcoming challenges, there are two type off people in the world. There are those that want to talk about the problem, and then those that want to find a solution. 80% of the people are focused on the problem, 80% of the time. Who are the …
Are you creating today?
Are you creating something today? Your competition is. If your not deeply aware of the fact that there is always someone working, often harder than you, to disrupt whatever your good at, then you have already lost. It is healthy to have a keen sense of paranoia about the fact that there is always a …
What is so scary about risk?
Risk is uncertainty associated with a future outcome. If the future outcome were known, then it would be priced into whatever you are doing, and there would be no opportunity to profit. Profit is due to human capital being expended in a risky endeavor. No human capital, no profit. No risk, no profit.
The one project you can never quit
There is one endeavor you will never quit. One enterprise you will never stop investing in. One project you will never stop promoting. You. Tomorrow when you wake up and open your eyes, ask yourself – What do I most want to do with my day? My life? Do that. Starting businesses is so insanely difficult, …
If not now, when?
I am one of the best procrastinators. It is a skill I developed in college, and have refined over the years, to perfection. In addition, to infusing a task with excitement (or maybe, . . . horror), the practice of waiting until closer to a deadline allows me to think through an idea, pivot if …
Creativity sets you apart
A friend of mine is a marketing genius. Kevin Franciose has been starting businesses, and marketing them for 30 years, and some of the ideas he comes up with are amazing. A while back a young colleague of his asked for some advice as to how to get a job that was advertised. The young …
How many more weeks are on your life calendar?
Counting a life in days makes the numbers hard to grasp. When counting by months it doesn’t resonate from a practical standpoint. But, when you look at your life from the standpoint of weeks, the perspective becomes clear. Tim Urban did a great Ted Talk and discussed the idea behind a life calendar that includes …
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