Tuesday, August 13, 2013

Life is too short. Don't wait for perfection

 The First Strategy Is Usually Wrong

A particular research shows that most companies do not success because they have a great initial strategy. They succeed because they do not use all their money for their first attempt. They first attempt usually fails. However, they learn from mistakes and pivot quickly.
On the other hand, a lot of ventures fails because they are so sure about the opportunity. They spend all their money in the opportunity only to realize after the failure that some of their assumptions was wrong.

Good and Bad Capital

          A good capital is the one that seeks profit before growth. This concept helps ensure that the company would grow slowly but surely. 

But, it is often hard to resist the temptation to use the capital for growth, because the satisfaction of seeing growth is much larger than seeing profit. After all, most people would ask ‘how much does your company worth?’ not ‘how much profit does your company make?’

Invest Now!

          Every business should try to invest in a new business whenever they can. This is true even when the current business is strong. 
          There are two reasons for this. First, the initial strategy has a high chance for failing. Second, it takes time to grow a business.  If you wait until the current business is settled, it will probably be too late. 

Invest in Your Relationship

          Similarly, you should not wait or hesitate to invest on your love ones. Do it now. Build and maintain the relationship with your friends, your spouse, your kids, your family, and so on. Do not ignore them. If you wait until the day you need them, it would be too late. They might not be there for you. 

Language Dancing

          Research shows that kids under the age of three who listen more tend to be smarter. Also, the kids who are invited to think develop cognitive ability better. So, try to invest your time into your kids. 
         Don’t just use commanding language like ‘go eat’ or ‘sleep well’. Try to use ‘Do you remember ...’ or ‘What if ...’ Your kids would be smarter when they enter the school. This use of a variety of language is known as ‘language dancing’.

Source: How Will You Measure Your Life? by Clayton M. Christensen, James Allworth, and Karen Dillon

Book or Audiobooks?

Personally, I prefer audiobooks. It's fun, and I can listen when I'm doing something else. It also makes other activities (e.g., jogging) a lot more fun. For more detail about audiobooks, please read [this post].

There is one more reason that may encourage you to go for the audiobook version. You can get it now for FREE. Audible offers you a free trial for 14 days. Even if you get the book and cancel the subscription right away (so that you don't have to pay), you can keep the book. And, don't worry if you lost the audiobook file. Just log into audible.com. You can keep downloading the over and over again.

   About the summary: It takes time to finish up a book. And, when you do, sometimes, you want to review what you learn from the book. If you do not make  notes as you read, you might have to go through the book once again. This can be time-consuming when you are dealing with a book. But you can still flip through the book and locate what you are looking for.

However, when the material is an audiobook, it is extremely hard to locate a specific part of content. Most likely you will have to listen to the entire audiobook once again.

This book summary will help solve the pain of having to go through the book all over again.

I am leaving out the details of the books. Most books have interesting examples and case studies, not included here. Reading the original book would be much more entertaining and enlightening. If you like the summary, you may want to get the original from the source below.

No comments:

Post a Comment