" James Clear
"There is a formula for success in business, and it goes like this: You set out to find the very best talent in the marketplace, and then give them a compelling and inspirational vision of what you want them to achieve for you and the company. Then you empower them to achieve those goals using their own skills and talents in any way they choose. If, at the same time, you demonstrate how enormously you value them, not just through compensation, but also verbally, every single day, and if you enable that talent to share in the profit that they help create for you, you’ll be successful. It’s so simple, and virtually nobody does it, because it requires a high-trust working environment, and most business environments are low-trust. In order to own the future of your business, you have to design it around trust." Cindy Gallop
"If your friend starts a business, don't ask for a discount. Don't expect friends to support your business. You will lose both friends and business."
(The stag represents the alpha male and head of the herd. It is the emblem of Scotland, and represents pride, strength, masculinity, maturity and confidence.)
Why Competitive Advantages Die · Collab Fund. A few factors I’ve seen pull winners off the podium: “Being right is the enemy of staying right because it leads you to forget the way the world works.” – Jason Zweig. Buddhism has a concept called beginner’s mind, which is an active openness to trying new things and studying new ideas, unburdened by past preconceptions, like a beginner would. Knowing you have a competitive advantage is often the enemy of beginner’s mind, because doing well reduces the incentive to explore other ideas, especially when those ideas conflict with your proven strategy.
Which is dangerous. Being locked into a single view is fatal in an economy where reversion to the mean and competition constantly dismantles old strategies. Maintaining financial success takes precedence over traits that were vital to building the initial idea. After cutting deferrable investment, firms would borrow money to pay the dividend, as long as they do not lose their credit rating. More on this topic: Getting Rich vs. How I run my business. Feasibility. KPIs.
Be What Sells. Digital Business. Innovation. Trustworthiness. How to Build an Empire. By Leo Babauta There are times when I see the successful businesses that other people are building and I instantly want to create that kind of success for myself. I want to build an empire. I want to create a startup. I want to make a successful podcast, YouTube channel, live conference — whatever success someone else has created, I want too. I can instantly imagine this success happening, and it feels exciting. So I start planning this new empire: what will it look like?
This is the curse of seeing others’ success. Luckily I’ve done this enough times that I know the pattern well. I ask myself: What is driving this fantasy? If I’m inspired by someone else’s success, is it out of jealousy? Do I know what their success actually looks like, behind the scenes, or am I only seeing the good bits? Am I imagining the beginning part, where I start a new awesome project, and everything is fun and exciting?
Will I be any better off after creating this success, or will I really feel the same? Outsourcing Services to Virtual Staff: Is It Worth It?
Finance. Social Business. Business.