Posts Tagged ‘knowledge’
Posted on October 7, 2008 - by Jeffrey
The Sky is falling!
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Wow, so we have been on quite a run with this recent stock market romping and everyone seems to be losing their mind. While our parents retirements seem to be in turmoil and the economic infrastructure as we know it changing by day, there is hope on the horizon for people in the 20-35 age range.
We are headed for a new time
This isn’t like a depression or any recession that we have ever seen. It’s different. Why? We’ll as explained to me by my colleague Stoppay.
The use of electronic trading has created a new precedent in the stock market and it’s impossible to know what’s going to happen because we have never been able to transact business so quickly in the markets, how can we know what’s going to happen when we have never been here before?
Posted on July 23, 2008 - by Jeffrey
The Anatomy of a Good Business Meeting
At this point in my life I have acquired a lot of meetings and been in front of some pretty serious people. I
have learned that there is an art to having a good and productive meeting with a potential client/partner and it is a skill similar to being a good actor. I touched on the importance of meetings briefly in a previous article, but I felt that the anatomy of a good meeting deserved a greater explanation.
An initial meeting usually goes one of three ways in my experience.
- Synergies with potential benefits to all parties, definite second meeting
- Possible synergies but wrong department, maybe get a follow up with the right people
- Waste of Time
As I went to more and more meetings I realized that a lot of them tended to be a waste of time. People going through the motions to fill their day, stroking each others ego so to speak. This is where the screening process comes into play.
Posted on July 20, 2008 - by Jeffrey
Should you ever try Network Marketing?
If you are really in business then you must of herd of something called network marketing. Probably one of the first and most popular companies in this space was AMWAY, you may have herd of them on TV or even in some movies. For instance the Movie “GO” had a scene where the policeman and his wife were trying to convince the gay actors to join the company under them, among other things.
What is Network Marketing?
It is commonly referred to a pyramid scheme and most of them are, even if disguised as something else. The concept is simple. There is usually some sort of product or system that the company pushes as this new niche which is only available to them. I call this part the story, “our founder worked under some of the top ____ for years and now he has started this opportunity to allow you as an individual to get in on the action”, Right…
Then they tell you the breakdown on how you will make money. This is the real pitch of the opportunity and it always looks like a sweet payoff. There are many different ways to join, sometimes there is a fee other times you just need to become a customer. Whatever way you look at it, they are asking you to give them something to join and this is where they make the money. You will be told that the real money is in you becoming a successful distributor, in most cases this is false. This type of business organization relies on more and more people being a part of it to build it up. Getting people to join is the main focus of activities (with their weekly feel good meetings) and putting these people under them is where they get the residual.
Posted on June 4, 2008 - by Jeffrey
Jack of All Trades, Master of None?
This statement used to make sense to me, but lately I feel it only applies to certain parts of life and business. The basic idea (if it wasn’t obvious) is that if you spend your time trying to learn everything, you will be moderately good at most of the things..but never a master of one of them. I have a different approach to this. My feeling is that if you have a reasonably high IQ and pretty good street smarts, you can be a master of three (3), not just one. Say master one thing, then expand to a new subject while concentrating on the other still, then eventually incorporating a third.
Managing it All
This isn’t an easy process and concentrating on up to three projects at once can get a little “hairy”, but if you are a die hard capitalist then this will probably fit right into your current schedule. I have to stress that when I am working on three (projects, ideas, companies) things at once I usually don’t even think of doing anything else. I may come across a niche idea and do an hour or two of research on it, but it will take a lot of compelling information to make me drop something I am currently working on.
Choosing Your Three “things”
Posted on June 2, 2008 - by Jeffrey
People don’t want to think anymore
You would be surprised how many people in high up positions don’t have the vision to be innovative. It’s like everyone is so worried about loosing their job and making a mistake that no one wants to ever take a chance. Companies are all watching each other to see what the other is doing. One company in the space makes a move, then the others all follow like sheep.
This is why it has become so easy for small companies to forge ahead these days. It takes very little to move a herd of 4 people in a different direction as supposed to moving a 4000 person herd to a new concept. I understand how this works, but why?
How do companies ever expect to be the best and stay at the top without innovation from within?
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