“If I only had an hour to chop down a tree, I would spend the first 45 minutes sharpening my axe.” Abraham Lincoln
Category Archive: Nuggets
We’re often keen on hiding our business idea, but forget that ideas are worthless until they are acted upon. An idea is simply a multiplier to your execution.
No matter the situation, people always operate on incentives. In business settings, you want to understand what everyone’s incentives are to be fool-proof.
Trust is an ongoing exchange between people. It can be earned, and it can be lost, but it can also be regained again. Trust is is the glue that holds society together and is vital to all economic activity.
The majority of the time when a friend or family member wants to support your business, they ask for a discount or they ask for a free sample of your product or service. When you’re starting out, you absolutely need positive cash flow for the business, not only to survive but to grow to a more sustainable setting.
“My thing is related to who I am as a person,” he says. “The clothes are an extension of me. The music is an extension of me. All my businesses are part of the culture, so I have to stay true to whatever I’m feeling at the time, whatever direction I’m heading in. And hopefully, everyone follows.”
Theodore Johnson worked his way up the newly formed USPS company in 1924. He was no prodigy or even an executive – Theodore worked in the personnel department. He never earned more than $14,000 a year, but he had a net worth of over $70 million.
Warren Buffett and Charlie Munger explain the benefits of working with less capital during Berkshire Hathaway’s annual meeting […]
The best personal finance advice i’ve ever received is to save & invest your earned income, and only spend your passive income on luxuries. Let me explain…
Economic Motivation 