Archive for the 'Business lessons' Category

Business partnerships

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Don’t make a good deal with a bad person

  • One lesson we learned a long time ago. That, what we learned a long time ago is that you can’t make a good deal with a bad person. Just forget it. Now, if you think you can draw up a contract that, that is going to work against a bad person, they’re gonna win.
  • But one thing, they, they probably enjoy litigation but ah, Berkshire Hathaway as an entity, or me personally, or anything, we don’t wanna spend our life, you know, doing that sort of thing.
  • And, and besides, the bad guys win. They know more games. They may lose eventually in the but, but it’s no way to spend your life.
  • Source: Warren Buffett
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Coming up with creative ideas

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An idea is a combination of other ideas.

  • Say it five times out loud. Say it to your cat. Yell it out your car window at strangers waiting for the bus. Every amazing creative thing you’ve ever seen or idea you’ve ever heard can be broken down into smaller ideas that existed before. An automobile? An engine and wheels. A telephone? Electricity and sound. Reese’s Peanut Butter Cups? Peanut butter and chocolate. All great creative ideas, inventions, and theories are composed of other ideas. Why should you care?
  • Because if you want to be a creator instead of a consumer, you must view existing ideas as fuel for your mind. You must stop seeing them as objects or functional things — they are combinations of ingredients waiting to be reused

Source: Myths of innovation

Filter out fewer ideas

  • One way to think of creative people is that they have more control over their fears — or less fear of embarrassment. They’re not necessarily smarter or more capable of coming up with good ideas, they simply filter out fewer ideas than the rest of us.
  • Creativity has more to do with being fearless than intelligent or any other adjective superficially associated with it. This explains why many people feel more creative when drinking, on drugs, or late at night: these are all times when their inhibitions are lower, or at least altered, and they allow themselves to see more combinations of things than they do normally. Environment Creativity is personal.
  • No book or expert can dictate how you can be more creative. You have to spend time paying attention to yourself: when do ideas come easiest to you? Are you alone? With friends? In a bar? At the beach? Are there times of day when you’re most relaxed? Is there music playing? Start paying attention to your rhythms and then construct your creative activities around them. To get all Emersonian on you, this is called self-knowledge:[189] you can’t be

Source: Myths of innovation

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The war of art

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1. Rule of thumb: Th e more important a call or action is to our s o u l ‘ s evolution, the more Resistance we will feel toward pursuing it.”

Self doubt and fear are two indicators that tell you that what ever take you are afraid of is important to you and the growth of your soul

What makes a professional?

It is one thing to study war and another to live the warrior’s life. – Telamon of Arcadia,

  1. Work out of the love of the game

The professional, though he accepts money, does his work out of love. He has to love it. Otherwise he wouldn’t devote his life to it of his own free will.

2. Be Patient

The professional arms himself with patience, not only to give the stars time to align in his career, but to keep himself from flaming out in each individual work. He knows that any job, whether it’s a novel or a kitchen remodel, takes twice as long as he thinks and costs twice as much. He accepts that. He recognizes it as reality.

3. Be Ordered

He will not tolerate disorder. He eliminates chaos from his world in order to banish it from his mind. He wants the carpet vacuumed and the threshold swept

4. Craft not art

A pro views her work as craft, not art. Not because she believes art is devoid of a mystical dimension. On the contrary. She understands that all creative endeavor is holy, but she doesn’t dwell on it. She knows if she thinks about that too much, it will paralyze her. So she concentrates on technique. The professional masters how, and leaves what and why to the gods.

The sign of the amateur is overglorification of and preoccupation with the mystery.

The professional shuts up. She doesn’t talk about it. She does her work.

5. Fear can never be overcome, act in the face of fear

The amateur believes he must first overcome his fear; then he can do his work. The professional knows that fear can never be overcome. He knows there is no such thing as a fearless warrior or a dread-free artist

6. Get today’s work done today

The professional has learned better. He respects Resistance. He knows if he caves in today, no matter how plausible the pretext, he’ll be twice as likely to cave in tomorrow.

7. Be realistic

The professional conducts his business in the real world. Adversity, injustice, bad hops and rotten calls, even good breaks and lucky bounces all comprise the ground over which the campaign must be waged. The field is level, the professional understands, only in heaven.

8. Stays prepared

The professional prepares mentally to absorb blows and to deliver them. His aim is to take what the day gives him. He is prepared to be prudent and prepared to be reckless, to take a beating when he has to, and to go for the throat when he can. He understands that the field alters every day. His goal is not victory (success will come by itself when it wants to) but to handle himself, his insides, as sturdily and steadily as he can.

9. Masters technique

The professional dedicates himself to mastering technique not because he believes technique is a substitute for inspiration but because he wants to be in possession of the full arsenal of skills when inspiration does come.

10. Asks for help

Tiger Woods is the consummate professional. It would never occur to him, as it would to an amateur, that he knows everything, or can figure everything out on his own. On the contrary, he seeks out the most knowledgeable teacher and listens with both ears. The student of the game knows that the levels of revelation that can unfold in golf, as in any art, are inexhaustible.

11. Doesn’t take things personally

The professional cannot let himself take humiliation personally. Humiliation, like rejection and criticism, is the external reflection of internal Resistance.

The professional endures adversity. He lets the birdshit splash down on his slicker, remembering that it comes clean with a heavy-duty hosing. He himself, his creative center, cannot be buried, even beneath a mountain of guano. His core is bulletproof. Nothing can touch it unless he lets it.

12. Doesn’t take critics seriously

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On innovation

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1. Prioritizing what to work on

I always start by not only visualizing a pain to solve, but I visualize the outcome if it is solved. And I ask myself: Is this something exciting that I’m willing to go after? Or not really? Because I don’t think offering solutions is enough. I think pain is a very important starting point, but I don’t think every pain is worth answering, or worth solving, and sometimes if you solve the pain, I’m not sure whether you’re creating a better place that you would like to be playing in or not.

  • Health care executive
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On decision making

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Judge a book by its cover

  • At first, this can seem like the opposite of everything you’ve been taught. Don’t we cultivate our minds and critical thinking skills precisely so we don’t simply accept things at face value? Yes, most of the time. But sometimes this approach can be counterproductive.
  • What a philosopher also has is the ability, as Nietzsche put it, “to stop courageously, at the surface” and see things in plain, objective form. Nothing more, nothing less. Yes, Stoics were “superficial,” he said, “out of profundity.” Today, while other people are getting carried away, that’s what you’re going to practice. A kind of straightforward pragmatism—seeing things as their initial impressions make them.
  • Source: Daily stoic

Have an iron will, but an adaptable will

When you set your mind to a task, do you always follow through? It’s an impressive feat if you do. But don’t let yourself become a prisoner of that kind of determination. That asset might become a liability someday.

Conditions change. New facts come in. Circumstances arise. If you can’t adapt to them—if you simply proceed onward, unable to adjust according to this additional information—you are no better than a robot. The point is not to have an iron will, but an adaptable will—a will that makes full use of reason to clarify perception, impulse, and judgment to act effectively for the right purpose.

It’s not weak to change and adapt. Flexibility is its own kind of strength. In fact, this flexibility combined with strength is what will make us resilient and unstoppable.

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On work

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  1. The definition of a professional is that he will get the job done no matter how he is feeling inside

    Never shirk the proper dispatch of your duty, no matter if you are freezing or hot, groggy orwell-rested, vilified or praised, not even if dying or pressed by other demands. Even dying is one of the important assignments of life and, in this as in all else, make the most of your resources to do well the duty at hand. MARCUS AURELIUS, M EDITATIONS, 6.2
  • It’s what we must use to decide what to do in each and every phase of life. Morality can be complicated—but the right thing is usually clear and intuitive enough to feel in our gut. Our duty is rarely easy, but it is important. It’s also usually the harder choice. But we must do it.

2. The ability to single task without distractions is a critical component of success. As the saying goes, “The successful man is the average man focused.”

3. Focus on what is in-front of you

If you ever feel that your next job might be too big for you. Always remember that your job in reality is just the next upcoming meeting, the deliverable or your next presentation. As long you do your best at them and be prepared in advance by default you will do great at your job

“Every hour focus your mind attentively on the performance of the task in hand, with dignity, human sympathy, benevolence and freedom, and leave aside all other thoughts. You will achieve this, if you perform each action as if it were your last.”

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Lessons I have learned as a management consultant

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Not all projects are made for you to hit a home run on

  • Certain projects are not correctly set up for success. You can blame it on the partner who signed the statement of work or an impossible client, whatever the reason may be. There are ground realities, that in certain projects you will not be able to
    • In those cases, focus on quick wins, think singles and doubles instead of home runs.
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