People need to understand WHY they are doing a task just as much as they need to understand the HOW or the WHEN of a task.
If you give someone a task without explaining why they need to it, they frequently will do a poor job and lack motivation in what they are doing.
People who are born in Los Angeles have a funny joke whenever they hear someone is an actor here. The conversation goes like this:
Native: So what do you do for a living?
Actor: I am an actor.
Native: Ah, so you wait tables.
This is a very true statement. I know a lot of actors in Los Angeles and almost universally they have made a few bucks acting, but mostly make their money doing entry level jobs.… read more “The Acting Fallacy”
Many people seem to neglect their resumes or think that they aren’t very important. Those people have never been recruiters before. Recruiters job is not to find reasons to say yes, but instead to find reasons to say no. Mistakes on a resume are an easy way for me to say no to a candidate. If you have misspellings, grammatical errors, unexplained holes in the years you worked, or a resume not targeted at the job you are applying for I will likely throw your application out and move on to the next candidate.
I read an interesting article in the New York Times when I woke up this morning that roughly 1 out of every 3 emergency room visits in the United States are alcohol related. The most interesting tidbit is that people who drink certain types of beer are much more likely to end up in the ER than others.… read more “Beer Causes Injuries”
I like TripAdvisor as a company, but it is massively overpriced right now so I bought a bunch of puts on it betting that it will go down in price. The company has a ridiculous price to sales ratio of 13. Completely indefensible. A couple of bad earnings reports and this company will be in the gutter.
I think that AAPL (Apple corporation) stock is undervalued and I am currently investing in it. Hopefully I am right and it goes up!
Download the infographic PDF for Understanding Business Owners as Clients.
As a business owner, many of your clients will also be business owners. The business owner client is a special sort of person that can be very challenging to work with unless you understand how they work.
Be EXTREMELY thorough in your documentation. Documentation of everything is essential when dealing with business owners.… read more “Understanding Business Owners as Clients : Business Cheat Sheets”
My younger brother Josh and I had an interesting conversation about what the best forms of investment are and how he should use his time. This is what I had to share:
I have studied finance and stock with great intensity since I was 12, majored in finance in college, worked at Merrill Lynch (financial institution), and have invested my own money very successfully since graduation…..… read more “Investing in Stocks vs Index Funds”
Download the Increasing Productivity PDF here.
As a business owner, you need to put in a lot of hours of work every day to help grow you business into a success. Malcolm Gladwell pointed out in “Outliers” that it takes 10,000 hours of focused dedicated practice in an area to become an expert in an area.… read more “Productivity Tricks: Business Cheat Sheets”