Why Should We Listen To Our Elders?

Just because our general life expectancy has gone up, that doesn’t mean that we are all guaranteed a long life

Anyone who has lived more than seventy years knows a thing or two about how to survive. Whether they live a good life or not, share the same values as you do, or come from the same culture—there are certainly things that you can learn from your elders.


We are all doing our best, using ingenuity and persistence to carve out a decent living for ourselves. Someone who has been able to do that for decades can teach us something, even if it just one simple lesson like, “always floss.”


Don’t dismiss the elderly. Even if you can’t understand their perspective on certain issues, do your best to listen to what they have to say. At the very least, listening to their thoughts and opinions will help you question why you believe in certain ideas and paradigms.


It is better to learn from the mistakes of others than to learn from just your own—you can avoid a lot of personal pain by simply observing how other people live. Better yet, listen to the regrets of your elders, that’s where the real nuggets of wisdom are.


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Dealing With Reality

There is only one thing you can control

Your response to what is going on is the only thing you can control. You certainly influence other aspects of reality and you can even influence the decisions that other people make in their lives—but you cannot control them.


Influence is the operative word here.


Expecting to use logic and sound reason to convince people that the reality that they are living is fake isn’t going to change anything. How you respond to them may influence the situation, but that’s as far as you can go.


Believing that you can shift the way the day will go out of sheer force of will may influence how you feel, but it will seldom change the actual events that will occur. We make plans and predictions and hope that our reasoning is accurate.


There are several moving parts at play in any given situation and you can only minimize your influence on them once you focus on the one part that you can control: yourself.


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Where Would We Be Without Supply Chains

Where Would We Be Without Supply Chains?

If you just started your investing journey

You may be tempted to think that just because you are a customer of a company, you know its true value. However, stop and think for a moment. Just because you’ve experienced stellar service or have experienced bad customer service, doesn’t mean that your individual experience is indicative of what has happened with other customers.


Every customer’s individual experience is subject to variation, this is because a company’s supply chain naturally creates output variation.


The best way to know if a company you like is a worthy investment is to combine your general experiences you had interacting with them and with their numbers. Look at their fanatical statements.


Try to gauge how much future revenue and profit they will gain. How are they fairing the public eye? Who is their competition and are they losing market share? Also, try to get information on their supply chain. Who in their ecosystem are they dependent on? What can you learn about these other companies? Can you invest in them as well?


If at the very least all you do is consider the possibility that it is unwise to gauge the value of a company based on your individual experiences, you’ll be in a better position as an investor. Also think about how their supply chain works and how it affects all of the customers involved, not just you.


If you then begin to do the homework, the real gritty research, you’ll be surprised by what you learn (not only about the company but, also about business overall).


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Websites Are Complicated

There is so much that occurs in the background

Even if you don’t know how to code, it’s important for you to create a website. You can use services like WordPress, Squarespace, or Wix to create a blog within a few hours. However, the reason why you should create a website can go unnoticed.


Having an online presence on a platform that you control is one part of why having your own website is essential to your success. The other part is that you begin to get a deeper understanding of how the websites and mobile applications (which can be seen as interactive websites) work.


When you create a website, manage it for several years, and learn the many ways that it can break you begin to appreciate the hard work that goes behind the scenes.


How many developers, designers, and engineers do you think work at Google, Youtube, Facebook, LinkedIn, Twitter, or Amazon to make sure you have a great customer experience? At Netflix in particular, there are more than 800 developers hard at work for your sake (according to Neil Patel).


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Discover The Complexities And Eliminate Them

All teams have routine processes that go unexamined at the cost of their time and their bottom line

How long does it take for a new project to get approved?


How long does it take for the project to start—where actual documentation gets created, tasks are assigned, and a clear timeline for deliverables is established?


Where are the steps in your team’s process that seem necessary—where there is clearly a legacy system set in place for “safety” and “contingency management?”


We often take longer to complete our assignments because there are unnecessary bottle-necks in our way. The complexities in our team’s processes are clear to see but, difficult to get rid of.


It takes longer to fix an inefficient process and to make it better than it is to make something simple.


It’s surprisingly easy to set up complex processes. Sometimes a complex process is used as an illusion to make a company seem more sophisticated. However, the teams that win are the ones who embrace simplicity in everything that they do. They empower everyone in the organization to make decisions, provide organizational design recommendations, and embrace rapid internal change.


It’s vital that if you’re working in a small team, that you predict and catch future complexities in any process you are involved in. Do it early, before your company grows.


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