Illusion that all businesses create! #infinitegame #workstress#newbusiness #simonsinek

Category – Business. Reading time – 5 minutes.

A lot of things are infinite. They continue. Waiting for their end, leads to early obituaries. Eyes dry out, before comprehending corners of these things.

There is no end to a few things. There is no permanent winner or looser. Only finite moments of disturbances followed by a continuous flow of the time. Flow; that is continuous.

Life is such a thing. A little part of infinite flow of time. It ends and no body notices after sometime. Then new biomass loaded with consciousness, wriggles on earth and this flow continues unabated.

Life is part of an infinite stream that continues; come what may. Life ends but game of the life continues. Till last living cell is destroyed, it will continue and even after that; there is always a chance of resurrection of biology.

So why do we want finite durations?

Why we want business quarters?

Why we want annual reports?

We know business continues till owners live , so why is focus on the short term? Long term things should have long term strategy.

So, for a brand to last for decades; we need infinite mindset.

Infinite mindset means – That business is an infinite game; that is to be played with long-term targets in vision.

For example, USA thought Vietnam war was a finite game but after loss of life and big fortune; they realised that it was an infinite game, if they continued to play it.

Microsoft wanted to defeat Apple, which was a finite game mindset. Apple focused on satisfying the customer and recently on the privacy of customers. Hence Apple was clearly playing infinite game right from the start.

Lego wants game to continue. Hence it has been around for so long.

Even if Apple knew that iPhone will kill the ipod, they went ahead with it.

Similarly gym to gain fitness is an infinite game. If you stop following diet and excercise schedule after few months, you endup regaining all the weight you shed with so much effort.

So take life as an infinite game.

Qurters, annual revenues, flowcharts- all are artificial constructs to keep shirt term goals in perspective, but too much focus on them may jeopardize long term prospects of the business.

Infinite game is positive and inclusive.

It needs reselience and it has a just cause.

It avoids too much focus on the short term results, as long as long term progress is positive.

Hence next time you see an CEO too much submerged in three monthly results, assume that he has got a finite mindset.

Inspiration – The infinite game by Simon Sinek
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How to finish almost everything that you start! #personalgrowth #habits#psychology

Category – Business
Reading time – 5 minutes

Starting is easy. Every year millions of people start things. They take resolutions. They start journaling. They even start evening walks and blogs.

Many more testosterone filled souls start revolutions. But it is both frightening and disheartening that 92% of the revolutions fail. Especially violent revolutions.

Non violence has better chance of succeding, as it stays for longer duration and gets more moral support. So we humans are excellent starters but very poor finishers.

Projects, books, loveletters, charities, homeworks, commitments, most of businesses in long term don’t finish well.

So, finishing a thing is an extremely rare skill, that is must for every restless entrepreneur.

What can you do. Here are few things

1. Don’t aim for perfection.

Nobody was perfect and nobody will be. Do best whatever you can do. And just don’t mess up voluntarily. Accept that you are normal ape, that is not perfect.

2. Divide and rule –

Divide big work into small tasks. It frightens less. It remains manageable. It keeps your brain away from panic and chaos. If you want to write a book try to write a page first.

3. Make things fun –

Attach some reward or pleasurable activity with your work. Listen to music. Go out while drinking your coffee if you should. Watch a cricket match on reaching home.

4. Remove noble hurdles –

They represent part of perfectionism. Things like, ” If I do this, then I will… need to be avoided.

5. Measure progress –

You will get idea about how much have you accomplished.

6. Find your space –

Identify time and place, where you are generally most productive. I know you count bathroom in, and it’s ok, if you are creative there.

These things will help you finish a lot more thing. A half done work is not useful to anybody.

Inspiration – Finish by Jon Scuff
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How to save a talent from wilting away? #personalgrowth #motivation #sucess

Category – Business

Reading time – 5 minutes

Talent is a peculiar thing. It is so abundant sometimes; that you see it everywhere. It is more accurate description of social media personas, we encounter daily.

With acceptability of self boasting as a new normal trend, we see people floating their talents on social media.

Talent has multiplied many folds. With no judge or critic, people produce things ( posts), using their talents and push it down the throats of other similarly talented people, in exchange of ever elusive likes and shares.

It’s like apes scratching each other. If Socrates or epictetus somehow visited instagram pages prevelent in present times, they would be bewildered to see infinite sea of talented people on the planet earth.

They might like to take a wordpress SEO tutorial, for their teachings to beat average blogger followership.

That was the idiotic babble at the start of the article.

Now let’s see few basic concepts, that help in keeping talented person afloat.

1. Practice till your subconscious accepts the skill and you could make an omlette, while doing that work.

2. Find a mentor. Yes that one person who dies lesser number of mistakes as compared to his younger self. And who wants you to be a success.

3. Get inspiration. If not enough steal ideas. But give credit to the original creator.

4. Learn both hard skills like plumbing and softskills like boardskating, writing etc.

5. Don’t try to label yourself as child prodigy, as most of them fail as they grow into the adulthood.

6. Learn from mistake. Don’t burn the toast each time. Also don’t burn the toaster.

7. Increase difficulty level during practice time. On field things will appear easier, if you have done more difficult things.

8. To learn a new move, exaggerate it like the helicopter shot of mahander Singh Dhoni.

9. Take notes and also remember to read them before throwing them into the trash.

10. Practice immediately after the performance. That is the time when muscles are hot and motivation engine is running.

11. Visualise your performance or better watch your performance video.

12. Keep you big hairy audacious goals secret from the world.


Motivationa – The talent code by Daniel Coyle

https://www.amazon.in/dp/0099519852/ref=cm_sw_r_cp_apa_fabc_Z8YNFB3MBA08AYZY0ZC9

Negotiation basics in 5 minutes! #negotiation #chrisvoss #persuation #psychology

Category – Psychology

Reading time – 5 minutes

Whenever a baby is born, everyone wants this baby to cry. That’s all right. They need to learn to cry, before they can earn their laughs. Who wants to be at a place; where everyday is pelted with difficult negotiations.

Negotiations mean, a mutual discussion in an effort to reach an agreement, which both parties find appropriate.

Humans are partially illogical. You got to negotiate with a lots of them daily.

Every life is a series of negotiations. Every day is string of negotiations to get a better place in resource limited biosphere.

So guys, it is of utmost importance that we know what’s up with this negotiations thing.

Neither you can stand there like a banana tree, nor you can punch people in faces. You got to be diplomatic, when it comes to dealing with breathing people.

So, let’s discuss some basics of negotiations.

Disclaimer – These might not work with your wife, but they may help you to tackle little less complicated situations.

Things to be kept in mind –

1. People are irrational. They work at emotional level, especially in difficult situations.

2. People want to be understood.

3. People want to be in control of the situation.

4. Seperate people from the situation. People are not the problem. Situation is.

5. People want things to be fair according to their own definition.

6. Keep your voice as calm as possible to keep emotions under control, so that brain can work.

Now let’s dig deeper.

Dont shout or exchange names or open your lid, kept on adrenaline and cortisol. Try to control tone of your voice. Take pauses. Be slow. Don’t overexplain. Try to listen.

It can be done, if you seperate yourself and person from the situation and see situation as the problem.

It takes yoga, mindfulness and meditation. Those are difficult things.

Then what is the next thing that you need to do.

Once you control your primal instincts and get hold of your emotions.

Then listen complaints and try to make out meaning of demands.

Then comes your next two big tools.

1. Tactical empathy –

It means understanding their position. Labelling it. Telling in calm voice, whatever you could understand about their situation. Vocalising it. Without judging at this point.

Like saying to an angry customer that,” I understand your discomfort”. “If I was in your situation, I will feel the same.”

  It calms the person in front and gives them feeling of control. ( Which they crave for)

2. Open end questions –

Ask a question that leaves opportunity for multiple possible answers from the person in front. Ask it and then throw a pause.

Let the person in front complete it or answer it.

This will give person in front, a feeling of control. It will give them chance to vocalise their concern. And it may bring out facts, which may help you in finding a solution.

Sometimes, even repeating what the person in front has said; followed by a tactical pause, can bring out a lot of facts about the reason why that person is upset.

After you have stopped surge of anger with tactical empathy and found more facts by open ended questions, then keep that voice calm like Morgan freeman and try to reach a solution which is win -win for both parties.

These are time tested skills practised by best real world negotiators. So they are going to be useful in normal life scenarios.

Things that help.

1. Instead of saying No, ask open ended question starting with how.

Like if you don’t want your rent to increase. Ask, “How I am going to afford this increased rent?” Throw a pause and hence make this problem, a problem of the landowner.

He has to tell this solution, how you can afford or tell alternative possible solutions. Saying, ‘No’ would not lead to any such results.

2. Watch your body language. 50% of the message is conveyed by your body language. Show concern about opposite party.

3. Give surprise gifts or non monetary benefits in a business deal.

4. Don’t fear,’ No ‘. No is starting point of a negotiation. Welcome a, ‘No’ from opposite party and start negotiations from new set point.

5. Create deadlines or urgency. Like limited time deals. Limited time offers.

So these are few good things that will always help you in difficult talks.

And don’t mind if you fail sometimes. Afterall failing is all too human.

Inspiration – Never split the difference by Chris Voss
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Mummy with golden tongue. Mystery. #archaeology #mummies #afterlife #taposirismagna

Category – Science

Reading time – 2 minutes

If you are dead. You are almost free from wordly affairs. You can lie silently and rot by yourself. No morning alarms or killer deadlines. No bills to pay.

But that is not applicable if you were a king. And a king of Egypt. You need to surrender yourself to delicate hands of people in business of making mummies.

They will make you follow the myths you lived with even after you have stopped consuming oxygen.

Courtesy – Egyptian antiquities ministry

And they love to put gold everywhere around you. So that you stay rich and inflation free.

A mummy wass discovered recently in Egyptian archaeological site. It was lying silent with open month and in that month there was a golden tongue.

Mummy was discovered by scientists at evacuation site of Taposoris magna and mummy is believed to be 2000 years old.

What was the purpose of golden tongue is not clear and question is open for all sorts of speculations. Experts will guess weird things and lots of stories willbe made. Top news sites will copy paste from each other. Many eyeballs will soak the news with wonder for seconds, before some other attention catching photo or video clouds the attention again.

And our endeavour to make meaning of our current state by digging out remains of the past continues and strange ape called man still keeps amazing us with its wonderful and sometimes weird deeds.

Source – Egyptian antiquities ministry.

https://egymonuments.gov.eg/

Correct way of doing work! #deepwork #calnewport

Category – Personal growth

Reading time – 5 minutes

You need such solitude to connect deeply with your work.

We all need to work. Not only to earn money but also to keep us purposefully engaged and have satisfaction of contributing to the society.

But great work needs focus. It is not produced by anxious multitaskers with fleeting attention. Great work needs solitude and extreme focus with prolonged slots of distraction free time.

This is called deep work.

Greats like Carl Jung, Woodey Allen, JK Rowling all went into solitude to work on their main projects. Bill Gates takes thinking break once a year to envision future projects. Adam Grant who is bestselling author of the book, Originals goes into self isolation shutting himself away from social media.

As world becomes overburdened with data and job profiles change; old skills are rapidly outdated. You have to be a lifelong learner to stay in the race of everchanging industries. Due to advent of online work culture you have almost whole world competing for same online works. Hence level of expertise needs to be worldclass.

On the contrary to to availibilty of attention destroying social media apps and emails; it is increasingly difficult to have a deep focus on any task. But busyness is not equal to productivity.

Shallow work is easy but is useless. Deep work is dificult.

JK Rowling went to hotels to write in solitude.

What you can do!

Isolation from distractions. Focus on goals.

Try to do meaningful moderately difficult work that puts you in state of flow.

Work hard for a fair amount of time and then reward yourself with a treat like walk in woods or music.

Choose location that inspires and provides you your peaceful workplace. Go to hotel like Rowling or to island like Alan Lightly. Avoid open office.

Go to areas where exchance of ideas can happen like clubs. In MIT there is famous building 20, where scientists go to have coffee and multiple specialities interact with each other.

Focus on important things.

Act and measure progress.

Set accountability on failing to act.

Take break from your main work and indulge in different and attractive work for sometime.

Think about your task while walking.

Give time for self projects. Get enough leisure time to restore energy.

Stay away from social media during most of the worktime. Do not waste too much time on emails.

Inspiration – Deep Work by Cal Newporthttps://www.amazon.in/dp/0349413681

how future leaders should be working? #simonsinek #leaderseatlast

Category – Business

Reading time – 5 minutes

I am not a big fan of leadership books. They are all little bit skewed in their content. They are either very superficial or they paint too idealistic picture of a leader.

As mankind has progressed, rules have changed. We need new type of leadership for future businesses and organisations. Good old paternistic bosses, who wagged their tongue as a whiplash are useless in a generation of individualism.

Leaders of present times need to carry a smile and graditude on their faces and every employee commands a certain degree of respect and freedom. Time and again different studies have confirmed that happy employees lead to happy customers and hence a happy balancesheet for the company.

Few perks and freedom to feel control over their job; leads to more productive workers. This feeling of control erodes away any feeling of insecurity that is prevelent in present job system, where health benefits and pensions are literally absent.

Employees in small teams who trust each other and are free of interteam competition; is a dream of every manager. After 1980, individualism became an accepted theory and fences started appearing between people. This created a dehumanised society; which focuses on profit before environment or poor people.

Rich pay less taxes. They find all possible loopholes to evade taxes. This leads to ever increasing inequality and rich finally end up in such a strong position that they lobby strongly against any change in tax laws.

Self employed and salaried people pay significant part of their income in taxes; as they do not posses knowledge and resources to use tax system loopholes.

So at the end of the day, employee feels good if he had a decent treatment in office. A respecting boss and cordial working environment that permits few human mistakes will make them forget all the odds stacked against them.

So we need leaders who have respectful way of getting things done by their workers and who are ready to handover some control to their workers; so that they feel that they are driving a part of this company.

We need more of oxytocin surge; which leads to feeling of friendship and generosity and lesser levels of cortisol.

Inspiration – Leaders eat last by Simon Sinek.https://www.amazon.in/Leaders-Eat-Last-New-Chapter/dp/0670923176

What #calnewport has to say on career choice and #passion – my observations

Category – Business
Reading time – 5 minutes






Cal Newport wrote a book with title “So good that they cannot ignore you.”

As it is always with any self help book; there was very less new to describe. Afterall all the self-help works on well known and old few principles; which have been around for centuries.

Hence, you cannot create a new concept. So he did what was possible and he refuted a well established advice blurted by every self help guru that “You should follow your passion.”

That’s why he got attention of people who have always assumed that it is always right to follow your passion, even if final destination is not clear.

Newport argues that it can be a bad advice or even dangerous one. Let’s examine his reasons so that we may find something useful in this antitheory.

There are two types of people-
( Actually there are many types but we need to focus on these fellows here) –

1. Passion mindset– People who think that we should chase passion to be happy. World has to give us something. It owes something for our greatness.

2. Craftsman mindset – Be good at something and give something valuable to world and you will feel happiness.

How actually you can follow this path of,” loving what you do”.

It is like an Indian arranged marriage in which your parents choose your partner and you fall in increasing love as your marriage life proceeds.


Few things one can do according to Newport are as under

1. Develop a skill that is rare and valuable – It is your career capital.

2. And then negotiate with world to take control of how much you do and how you do. But keep in mind that skills you posses must be easily cashable and people should be ready to pay for it.

3. Do deliberate practice to improve yourself. Know that it will take time. But be So good they can’t ignore you.
Look for next minor improvements ( adjacent possible) that you can add to your skill set.

4. You need to differentiate between –

Job – pays bills.

Career – Progressive improvement in your skills and earnings

Calling – Things that have impact on World.

5. Don’t go out full throttle at once. Start small. Play small bets to learn what works.

6. You need to market your skills. Make it a purple cow as coined by Seth Godin.

A purple cow is an attention catching peculiar thing amongst heap of similar looking stuff. People identify it easily and remark on it. It is not one of those routine things.

A parantha ( Indian stuffed bread) shop is a Gray cow but a shop that offers biggest parantha in city is a purple cow.

7. Do right work. It is more important than finding the right work.

My observations

Nothing is new.
Everything has already been said in some other self help book.
It is true about all new self help books.

10 k rule is from Malcolm Gladwell.

Adjacent possible from Steven Johnson book, Where good ideas come from.

You must have good skills and must be patient and improve slowly as life passes, are well known axioms.

What author has done is refuted the notion of following your passion with few new stories about people we don’t know and analysing stories of people we know like Steve Jobs with a new perspective.

But there is no rule that is good for everyone.

If we follow Cal Newport world would be a little less pleasant and perfectionist; where every step will require tight scrutiny about risk benefit.

Humans are not built like that.
They need to express their stupidity, eccentricities, peculiarities, leaps of faith and senseless dreams.

We need both.passion of traditional self help tweakers.

And caution and hardwork of Cal Newport.




#business
#career
#followyourpassion
#calnewport
#selfhelp
#nonfiction

12 things that businesses produce – Basics of business – #business #money #productivity

Reading time – 3 minutes
Category – Business



If you have started a business. That’s a good thing. Congratulations for your efforts.

All businesses of World produce value, which they provide to the masses. This is the value for which people pay their hard earned money.

Here are various forms in which businesses provide value –

1. Product –

They produce a physical or digital product which solves problems of customers.

2. Service –
They serve to solve particular problem of customers like doctors, financial advisor, lawyers, coaches, teachers etc.

3. Shard resource –
Produces a durable entity that can be shared by multiple users.
Like marriage palace, gym, theatre, mall etc.

4. Subscription –
They have recurring fee for a service or product.
Like Netflix, editing softwares etc.

5. Resale –
Here we buy a product at margin and sell it on a profit.
Like retail stores, online stores etc.

6. Loan –
Money is given with predefined interest on loan.

7. Ticketing or licensing
For a particular fee a specific facility is provided for limited duration.
Like movie tickets, licence of guns, coupons, discount cards etc.

8. Insurance –
Transferring risk from buyer to seller after charging some amount.
You know there are so many of them around. They are continuously spamming your phone and emails.

9. Capital –
Purchase of ownership in a business.
Venture capitalists and investors.
You need to have good knowledge before you do that.

10. Aggregation
Potential buyers are aggregated in a common place to publicise and create some revenues.
Like trade fairs, conferences.

11. Agents –
They don’t produce themselves. They help produces to reach their customers. Like ad agency, PR agency, literary agents.

12. Lease
In it particular assett is given on a fee to use. After customer goes next customer uses it.
Like boat, castle, car, motorcycle etc.


So, whatever business you do try to know what you are creating.

Also it is very important to notice that we might be missing few more things. Will like to hear from your side.

Inspiration – Personal MBA by Josh Kaufman.
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#1- Why idiots are idiots- The Dunning Kruger effect #50brightideas #science

Reading time – 2 minutes.

Category – Psychology

You are generally well versed with excess of idiots around you. It is common habit of homo sapiens to assess IQ level of people surrounding them by observing their behaviour and actions.

So many of them. Some are actually there. Few we assume, as we don’t like them.

Some people are different from us, hence sound idiotic to us and vice versa.

But human population seems to possess the people fully qualified to be labelled as idiots.

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And there is one phenomenon, which explains why they are not aware themselves; that they are idiots.

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Congnitive dissonance or Dunning Kruger effect ( Dk effect).

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It was shown in a study by David Dunning and Justin Kruger that human beings overestimate their ability and that is proportional to their incompetence.

Expert may doubt themselves, but idiot never do that.

There is a fixed pattern, more incompetent somebody is, more competent he feels.

People are very bad at objective assessment of their own ability.

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As they become more competent their overconfidence reduces and they come to senses.

It may be explained, that due to low brain capacity; they are not even able to see themselves clearly.

Hence incompetence and overconfidence is a risky combo. Stay miles away from such people.

According to Duning and Kruger;

there are four stages of competence –

1. Unconscious incompetence-

Person is not aware of his foolishness. Don’t try to reason with him. He will accept any challenge and feels super competent.

2. Conscious incompetence

Gets aware somehow. Due to learning or experience or failures. This is stage of enlightenment. Somebody or some situation opens his eyes.

3. Conscious competence

Person becomes better but still knows there is a lot to learn. Hence keeps learning.

4. Unconscious competence

This is ultimate target. One is expert with little conscious effort.

He still knows that he has many limitation. Risk and benefit analysis gets better.

So next time you see a person you consider idiot; just imagine him being a victim of Dunning Kruger phenomenon. Let him be what he is.

Inspiration – Many books.