Been a while… Blog broke. Thought I lost my original posts. Luckily I have the power of multiple platforms and devices that seem to cache (store things in memory) at random intervals. As long as they don’t sync (or sink depending on how much coffee you’ve had) then you are in good shape. Which leads me to today’s topic. Like always the disclaimer is that I may jump all over the place. Viewer discretion advised.
Two is one, one is none. The age old adage about having a backup to a backup. Like anything in life having a plan b-z is always the best thing to do. Even if you never have to rely on plans b-z the one time you don’t incorporate them will be the time you wish you did. Another cliche I should add to this, how you do one thing is how you do anything. If you half ass something believe that behavior will bleed over into other things. A book I’m re-reading, The book of five rings by Myamoto Musashi talks about practicing with all of the determination and tenacity of the real event you are practicing for. Back up plans are a direct relation to this. Would you travel with only one pair of underwater? Probably not. We all want to be investors and entrepreneurs deep down but some of us treat the businesses we start as a hobby. Treating it as a legitimate Bonafide business from the start will enable you to ask the right questions. To plan for all of the downsides and upsides. To understand things that matter in a real business instead of incramentally building. This allows you to starting at attack speed from the beginning.
Let’s look at this a little deeper. Incramental movement versus exponential movement. I know I have mentioned it somewhere before but this is a key factor that separates the real business people from the fake. We are all brought up in the world that wants us to take our time and take incramentally steps. Do you know what would have happened if Mozart or Warren Buffet would have started by taking incramentally steps? Right, nothing would have happened. Mozart started playing and writing music when most of us were starting kindergarten. Buffet read every financial book in the Omaha public library somewhere around 11 years old. We don’t know what we are capable of until we actually are doing the unthinkable. If we start out in this frame of mind then anything on the outside is going to look slow and unreasonable. This is a hard thing to do, flipping unconventional wisdom on its head but it is the counterintuitive things in life that are usually the most successful. Of course Mozart and Buffett were surrounded by people (their team) who helped nurture them along the way. Which brings me to my last point.
“Show me your friends and I will show you your future” ~Dan Peña. You are the average of the five people you spend most of your time with. It’s been said by many but heeded by few. You have to run like your life depends on it (it truly does) when it comes to people dragging you down. I’m not saying you have to fire everyone and cut everyone out of your life. That’s entirely your decision. I’m saying that if you want to be successful at anything you have to have a strong team in place. Whether in sports, politics, investing, public speaking, there has to be supportive people who are hopefully 5-10 years ahead of where you are now. People you can look up to and strive to be like. They don’t all have to be mentors but you have to have people there who can inspire and push you to your limits. You wouldn’t say oh I’m going to marry my childhood sweetheart because she is pretty average and I think she will really not make me do anything outside of my comfort level… I don’t want the best looking woman out there. I want average. That’s what I deserve… Think about that for a min.
These are just a few things that flew through my head over the course of this past week. Always look to improve yourself and your situation. Always be thankful for what you have and what you have not. Enjoy.