• Breaking News

    Saturday, March 30, 2019

    Yelp tried to strong arm us today Entrepreneur

    Yelp tried to strong arm us today Entrepreneur


    Yelp tried to strong arm us today

    Posted: 29 Mar 2019 08:03 PM PDT

    I wanted to share a recent interaction I had with a Yelp sales agent, a cautionary tale. I haven't seen it documented on this sub so I thought I'd share my experience. If this is a repeat, my apologies for the repost.

    The dark side of Yelp is pretty well documented; filtering positive reviews and moving negative reviews to the fore if you don't advertise. I am a co-owner of a small business and shortly after we stopped advertising 2/3rd of our 5 star reviews vanished overnight. We were annoyed initially but figured it wasn't worth raging against the machine. Today a pushy, condescending Yelp sales rep called my business partner to sell advertising under the guise of compliance and a threat. For some background, I handle the business side of things. I have 20+ years of business and negotiating experience working previously for a fortune 500 company. My business partner supplies the craft. She's an artisan and amazing at what she does. But she's not a negotiator. She called me today distraught about the call she received from the Yelp rep. I later called the rep back and he pitched me the same nonsense.

    He led with a flowery pitch in an attempt to confuse me. He said Yelp had an "obligation to the public" and that I need to log into my account immediately. He said there were 21,000 people who accessed our profile but didn't convert because we didn't enable something on our account. Mind you, there's no way 21,000 visited our page. He spoke with urgent haste, was pushy, and implied that we were stupid for not enabling this feature. I asked him what he selling. He was taken back, as if surprised I figured out he was trying to sell something (go figure). He reluctantly said advertising. I told him I wasn't interested and he hung up. Now he didn't get to try this bullshit on me, but he told my business partner earlier that if she didn't oblige that he would have to do something to her account/profile. It was a threat.

    TL;DR: fuck yelp, they can suck a fart.

    Edit: spelling

    submitted by /u/nuckchorrisbra
    [link] [comments]

    Created my first podcast, My Business My Story, where we sitdown with business owners and hear how they brought their vision to fruition.

    Posted: 30 Mar 2019 10:13 AM PDT

    The amount of support and business/guest requests we've received on social media since airing the first episode yesterday morning completely blew me away and figured I should share these inspiring stories with r/entrepreneur so others can see how normal people (like you and me) had a vision and moved their feet to achieve their dreams.

    Here's the link to Episode 1

    submitted by /u/TT_Productions
    [link] [comments]

    Starting a money transfer business

    Posted: 30 Mar 2019 12:03 PM PDT

    I live in a country (ZAMBIA) where sending money out the country tends to be very expensive or in some instances a very tedious process. If I were to start a money transfer business is it possible to use PayPal as the backbone of the system, for all those who use PayPal to send and receive money how efficient and trustworthy would such a system be

    submitted by /u/chulumanda
    [link] [comments]

    I want to invest in some digital business. Any ideas?

    Posted: 30 Mar 2019 01:58 PM PDT

    Hey folks,

    I'd like to invest in some digital or online venture that could bring me some extra income.

    Would love to hear some suggestions from you.

    p.s. I am not interested in crypto currency stuff.

    submitted by /u/borgarbui
    [link] [comments]

    Need advice on setting terms for a partnership

    Posted: 30 Mar 2019 01:52 PM PDT

    My company built a software which I have a patent for.

    This IT company wants to be partners, he'll try to add this service to his existing clients.

    So I have two items to put a price on,

    Installation and monthly fees.

    My question is, should he have a percentage on the installation of each company he adds my software to and that's it, or should he have a percentage on the monthly value as well?

    submitted by /u/johnxreturn
    [link] [comments]

    Anyone starting out in business should watch this "monte carlo simulation"

    Posted: 30 Mar 2019 01:27 AM PDT

    This is something you all should do before starting ANY business. It will save you $$ as well as time and help you get where you want to go.

    https://www.youtube.com/watch?v=FCPKyLSznWY

    submitted by /u/battlingstaliion
    [link] [comments]

    I made an animated summary of "The Personal MBA" by Josh Kaufman . I hope you can get some value from it.

    Posted: 30 Mar 2019 12:35 PM PDT

    Link to video: https://www.youtube.com/watch?v=eFpXccN3YEU

    Let me know if there are any other books you'd like to see summaries of.

    I've done summaries of other books like:

    • the $100 startup
    • zero to one
    • grit
    • the compound effect
    • the prince
    • the slight edge
    • meditations
    • who moved my cheese?
    • the one thing
    • the 6 pillars of self esttem
    • 7 habits of highly effective people
    • secrets of the millionaire mind
    • thinking fast and slow
    • the power of positive thinking
    • think and grow rich
    • how to win friends and influence people
    • rich dad poor dad
    • the subtle art of not giving a fuck
    • models by mark manson
    • the power of now
    • 12 rules for life by jordan peterson
    • the 10x rule
    • the inside out revolution
    • man's search for meaning
    • how to stop worrying and start living
    • millionaire fastlane.
    • and some others...

    If you're interested and want to subscribe here's a link:https://www.youtube.com/channel/UCfbLDMh6uGOZePAfqqjVZ-g?sub_confirmation=1

    If you'd prefer to read the script instead of watching the video, here it is:

    The Personal MBA

    By Josh Kaufman

    About The Author

    His aim—with all his books—is to help you make more money, be productive, and have more fun and happiness. His key areas of focus are the fundamentals of business, solo entrepreneurship, rapid skill acquisition, optimal decision-making, personal science, and core human skills.

    You can get this book for free with a trial of audible by using the link in the description of this video.

    The Book's Main Idea

    Mental models are the book's big idea. Kaufman notes that once you understand your mental models, the framework that defines how you learn anything, you can learn any business related skill and core business concepts and frameworks.

    By understanding and applying mental models, a universal framework by which we learn important business concepts, we rapidly improve our ability to understand, learn, and tackle complex business disciplines or frameworks.

    The foundational mental models Kaufman discusses in the book are (1) Value creation, (2) Marketing, (3) Sales, (4) Value delivery, and (5) Finance. Each of these models focuses on core business concepts, principles, and vocabularies.

    "Every successful business (1) creates or provides something of value that (2) other people want or need (3) at a price they're willing to pay, in a way that (4) satisfies the purchaser's needs and expectations and (5) provides the business sufficient revenue to make it worthwhile for the owners to continue operation."

    Josh Kaufman

    A look at the main ideas shared in the book

    "Business schools don't create successful people. They simply accept them, and then take credit for their success."

    Josh Kaufman

    1: Understand and utilize your mental faculties

    The functionalities of our brains influence our ability to learn core business disciplines, principles, systems, and processes. How capable we are of utilizing our mental faculties in relation to learning core business processes, principles, and models largely depends on a concept Kaufman calls the "Gas Tank."

    For your brain to work at optimal levels, your "gas tank," or your energy levels, must remain optimal at all times. To keep the 'gas tank' full, the author recommends a proper diet—eating healthy and balanced meals in the right proportion to your energy needs—exercising—exercise every day—direct sunlight—and adequate sleep—getting 7-8 hours of quality sleep every night.

    Most of the "gas tank" strategies recommended by the author require willpower, which has limitations and is not easy to practice. To circumvent this, i.e. our limited reserves of willpower, Kaufman suggests changing our environment—instead of our behavior—using a structured model. For instance, if you want to lose weight and ice cream is your kryptonite, instead of forcing yourself to stop eating ice cream, change your environment by avoiding its purchase altogether.

    "Save your Willpower: focus on using it to change your Environment, and you'll have more available to use whenever Inhibition is necessary"

    Josh Kaufman

    2: Before you work with others, learn how to work with yourself

    Businesses are about interpersonal relationships and the ability to collaborate well with others to achieve a mutual goal. Effective collaboration with others demands that you first learn how to work with yourself, of which to do, you must first learn how to get into a 'state of flow', or as the author calls it, 'how to implement the concept of mono-idealism,' the ability to focus all your attention and energy on one aspect of your business/learning process.

    To utilize mono-idealism and attain a state of flow—Kaufman notes it takes the mind about 10-30 minutes to get into flow—he suggests eliminating all forms of interruptions or distraction from the working/learning environment.

    To eliminate distractions and interruptions, he offers suggestions such as muting all notifications, disconnecting from the internet, and working in 'dashes,' 10-30 minutes of focused, committed work. He also mentions mindfulness and focused meditation as a way to increase attention and the ability to experience flow.

    On working effectively on your own, Kaufman introduces the idea of MIT (Most Important Task), a concept whose main idea is to create a To-do list consisting of two to three important tasks you want to complete by day's end. He goes on to note that attaching a deadline to each of these tasks improves focus and overall productivity.

    Conclusion

    "New skills create new opportunities, and new opportunities often translate into more income"

    Josh Kaufman

    To learn new skills—or accomplish anything worthwhile for that matter—write down your goal, use one sentence to describe the motivation behind the aim (the desired outcome), create a list of necessary action steps, and track your progress using a trusted system.

    submitted by /u/alwaysimproving95
    [link] [comments]

    "The Secrets of The Millionaire Mind" Animated Summary. I hope that you can get some value from it.

    Posted: 30 Mar 2019 12:34 PM PDT

    Link to video: https://www.youtube.com/watch?v=R1WjeoCw30g

    Hope it is useful

    I've done summaries of other books like:

    • think and grow rich
    • how to win friends and influence people
    • rich dad poor dad
    • the subtle art of not giving a fuck
    • models by mark manson
    • the power of now
    • 12 rules for life by jordan peterson
    • the 10x rule
    • the inside out revolution
    • man's search for meaning
    • how to stop worrying and start living
    • millionaire fastlane.
    • and some others...

    if you're interested and want to subscribe here's a link: https://www.youtube.com/channel/UCfbLDMh6uGOZePAfqqjVZ-g?sub_confirmation=1

    submitted by /u/alwaysimproving95
    [link] [comments]

    Best website for finding fashion sales reps?

    Posted: 30 Mar 2019 12:33 PM PDT

    Seems like there are a ton of websites, all expensive and all promising they're the best. Anyone have experience with finding/hiring sales reps online? Specifically I'm looking in fashion/beachwear category

    submitted by /u/Graugart
    [link] [comments]

    I made an animated summary of "The $100 Startup" by Chris Guillebeau. I hope you can get some value from it.

    Posted: 30 Mar 2019 12:03 PM PDT

    Link to video: https://www.youtube.com/watch?v=Cqa1LqahOLE

    Let me know if there are any other books you'd like to see summaries of.

    I've done summaries of other books like:

    • zero to one
    • grit
    • the compound effect
    • the prince
    • the slight edge
    • meditations
    • who moved my cheese?
    • the one thing
    • the 6 pillars of self esttem
    • 7 habits of highly effective people
    • secrets of the millionaire mind
    • thinking fast and slow
    • the power of positive thinking
    • think and grow rich
    • how to win friends and influence people
    • rich dad poor dad
    • the subtle art of not giving a fuck
    • models by mark manson
    • the power of now
    • 12 rules for life by jordan peterson
    • the 10x rule
    • the inside out revolution
    • man's search for meaning
    • how to stop worrying and start living
    • millionaire fastlane.
    • and some others...

    If you're interested and want to subscribe here's a link:https://www.youtube.com/channel/UCfbLDMh6uGOZePAfqqjVZ-g?sub_confirmation=1

    If you'd prefer to read the script instead of watching the video, here it is:

    The $100 Startup

    By Chris Guillebeau

    About The Author

    Chris Guillebeau is a world-traveler (he has travelled to 193 countries—out of 195 countries in the world), a public speaker, blogger, podcaster, and bestselling author who, in addition to the $100 startup, also saw massive success with his first book publication, The Art of Non-Conformity. His books and blog focus on self-development, travel, and lifestyle (microbusiness) entrepreneurship.

    The Book's Main Idea

    "This book is for those who take action and those who provide the inspiration."

    Chris Guillebeau

    The $100 Startup is a business-centric book whose aim is to help prospective entrepreneurs become aware of the challenges that come with creating a successful small business that generates enough revenue to allow the entrepreneur to escape the 9-5 rat race and start living a 'rich' life.

    "The new reality is that working at a job may be the far riskier choice."

    Chris Guillebeau

    A look at the main ideas shared in the book

    The book shares the following main ideas:

    1: Passion + good business sense is the magic formula

    "The missing piece is that you usually don't get paid for your hobby itself; you get paid for helping other people pursue the hobby or for something indirectly related to it."

    Chris Guillebeau

    The secret to all success is simple really: capitalize on your passions but do so with good business sense by looking into how you can turn your skills (or passion) into a workable and successful product/or service.

    Aim to strike what Chris calls convergence, a state where your skills or passions are valuable in the sense that they intersect with the things/elements other people find useful. If you can strike this convergence and from it, package your passion/skills into a service or product a specific audience would find invaluably useful—in that it serves a purpose such as helping solve a problem—you will create a successful business because:

    "Passion or Skill + Usefulness = Success

    Or

    "(PASSION + SKILL) –> (PROBLEM + MARKETING) = OPPORTUNITY"

    Chris Guillebeau

    For someone starting out in entrepreneurship—perhaps starting with $100 or less—to aim for this convergence, ask yourself, "Which skills or passions can I package into a valuable service," or "what am I good at that I can offer to a ready audience?"

    "Ask three questions for every idea: a. How would I get paid with this idea? b. How much would I get paid from this idea? c. Is there a way I could get paid more than once?"

    Chris Guillebeau

    2: Where great business ideas come from

    If you have ever wondered where great ideas come from, Chris offers invaluable insight. He notes, "Great ideas are everywhere. They are seized opportunities from an emerging technology, or a solution to a hidden or glaring problem."

    To find a great business idea, aim for convergence of your passion and what is useful to others, but also cultivate a deep understanding of your target audience not based on conventional targeting wisdom—targeting audiences based on age, gender, income, etc.—but based on what matters the most to the people you intend to serve:

    "What do people really, really want? At the end of the day, they want to be happy, and businesses that help their customers be happy are well-positioned to succeed."

    Chris Guillebeau

    3: Your success depends on the actions you take

    Success—business or otherwise—is not that complicated really. All you truly need to do is take action; yes, spend time planning—because failing to plan is planning to fail—but more importantly, spend more time acting. This is the secret to small business success.

    "There's nothing wrong with planning. But you can spend a lifetime making a plan that never turns into action. In the battle between planning and action, action wins."

    Chris Guillebeau

    We are fortunate enough to live in an age where all the information we could ever need to succeed in our lives and businesses is readily available to us. At the click of a button, you can test business ideas, launch a microbusiness, and grow it into a thriving business. Without action, however, creating any sort of business success is impossible because:

    "Plans are only good intentions unless they immediately degenerate into hard work."

    Chris Guillebeau

    Being an entrepreneur or microbusiness owner calls for what Chris calls, "planning as you go" or "bias towards action." This means finding that convergence and then getting started with implementing your idea right away by creating and launching a prototype of your product/service. With the product/service in play, you can "learn and plan as you go" and scale your business.

    Conclusion

    All business success comes from action taken at the right time. As long as you can create something a specific audience will find valuable, you can create a low-startup cost business around it.

    submitted by /u/alwaysimproving95
    [link] [comments]

    Need some advice on forming a secure business

    Posted: 30 Mar 2019 12:02 PM PDT

    So I have a business plan. There's a few things in my head that I need to obtain first to secure the 'professional' look.

    So I bought the domain I wanted. Next steps for me I see are getting the social media's for the company. I'm able to get into contact with the person who owns the twitter handle, hope she is willing to sell the handle to me. Next, I can't seem to get a hold of the owner of the Instagram account because the account is private and so far looks like he either isn't that active or has straight ignored my follow request. My question here is, is there a way to claim social media handles if you have a trademark? Also, are there other social media's that you would advise me to get a hand on for the business?

    Next, i still haven't actually bought the LLC name itself. The one I'm looking for is currently taken but I'm looking at getting in contact with the owners and seeing if they want to sell. It was made last year and it seems there has been no follow up activity with their project.

    My last questions are, is it really important to get ahold of the perfect LLC name or is that just a bonus? Also, with the trademark system, what is necessary for me to get a trademark on my selected name and does it benefit me in the sense of being able to claim Social media handles.

    Please also tell me if I'm overthinking these things too much, I'm just a perfectionist and have never done this before but I really want to get it spot on before going any further down the line and the option to purchase may either not be possible or a lot more money.

    Thanks guys, all the best!

    submitted by /u/Martins-com
    [link] [comments]

    How do you put a price to your product?

    Posted: 30 Mar 2019 05:55 AM PDT

    For context, I'm creating a product that is supposed to help citizens. There're a few type of people that will be more inclined towards my product, so they're my most potential clients.

    Now, how do I know how much would people be willing to pay? Should I do a survey? If I do, where should I post it? I was thinking about Instagram, as my potential clients are there, but I don't have much followers so I would have to ask influencers of this type of group to help me spread the survey.

    I'm one of those potential clients that would buy for any price because I think my idea is very innovative, but I know not everyone is able to buy expensive products, especially things that they would buy because they need it, not because they want it.

    submitted by /u/laukortabarria
    [link] [comments]

    Partnership disagreement - Looking for advice / perspective

    Posted: 30 Mar 2019 11:42 AM PDT

    I am in the restaurant industry. I have 15 active years in the industry and a recent graduate degree. I joined a newly created llc about 4 months ago with an existing concept (franchise)... I have 2 active financial partners who work in an office 500 miles away in Southern California, an operator or franchisee who is also a partner at that same office or a 100miles further south at his 1 store. Then there is me, who is onsite and living in the Bay area overseeing 3 stores. My compensation was 70k per year plus a small bonus. It was an agreement that was made during the diligence phase.

    30 days before the acquisition I was tasked with learning the operations- this period was unpaid. A day or two after the acquisition my franchisee leaves to Hawaii and I find out he has not set up multiple aspects of the back office. I worked 16-18 hour days for the first two weeks. I average driving 450 miles per week integrating the two companies, getting the restaurants up to standard, filing permits, being on site to meet our repair vendors, getting our payroll fixed, getting hr and onboarding set up, and running the general operations.

    When my operator / franchisee came back from Hawaii, I told him this was not the type of partnership agreement we discussed. If this was the role, I need to be compensated for my time, the lack of support, and my personal sacrifices like using a room in my house as an office and storage for merchandise and the miles on my car. I asked for (monthly) a car allowance $500, a cell phone allowance $150, and for my insurance $150 to be paid for as well as an employment contract stating that as well as what my bonus amount is.

    The other partners said I didn't need an employment contract and this went on for 3 months back and forth. They thought it was greedy of me to ask to change the agreed upon compensation. They then asked that I take my personal car to carmax, get an offer, and sell the car to them and they would give it back to me as a company car. I was a little insulted over this offer and then doubled my car allowance ask but let them know everything was negotiable. I brought up the subject at least once a week for 3 months. Over that time, they changed the agreed upon bonus 5 times - not out of anger but more so because they just couldn't remember. It went 4k, 8k, 6k, 10k, 6k and after our latest discussion I gave my 2 week notice.

    4 hours after I gave notice to my operator / franchises and one of the financial partners, I get an email from the operator saying he accepts my resignation.

    Yesterday was my last day. Now my operator / franchises is noticing that it will cost around between 100-160k to replace me plus the cost of merchandise storage and document retention. He is realizing he can't run the operation from 500 miles away and wants to be bought out of the partnership or figure something out.

    I don't know how to respond. I have 15% equity and was fighting an uphill battle over every small issue. I don't believe I was treated as a partner. I believe they misrepresented the operators involvement (he basically acts as an absentee owner). I don't believe I was fairly compensated for my time. I don't want to bring in legal issues.

    I'm wondering what's the best way to proceed.

    submitted by /u/RedBeezy
    [link] [comments]

    A company that aims to bring disabled people together

    Posted: 30 Mar 2019 11:19 AM PDT

    I had an idea about a company which is coming to real life. I am the CEO and the only one in the company. The MVP will be out within a week or two but even for publishing the MVP we need a little bit of funding.

    The strengths we have now:- 1. We understand the problem because I'm one of them. 2. Targets almost 15% of the world population. 3. User research has shown 100% upvotes 4. It's a gesture of goodwill towards the disabled.

    Weaknesses:- 1. The final product is not totally ready. It's only about 45% done.

    PS I'm only 18 and this is my first business

    submitted by /u/iloveyousunflower
    [link] [comments]

    How did you realize what you’re good at?

    Posted: 29 Mar 2019 08:43 PM PDT

    The Age Old Marketing Question

    Posted: 30 Mar 2019 10:51 AM PDT

    Hello all,

    I've been running a painting business for almost a year and an appliance repair business for a few months. When the jobs do come it's pretty nice, but I am struggling with the marketing side of things. Oddly enough Craigslist is my best source for leads. The leads that do come for my appliance repair gig pans out pretty well. For painting, I get a bunch of lowballers which wastes a lot of my time for estimates. I'm trying to avoid Homeadvisor and Thumbthack because of the shady business practices they have. Bing paid advertisements has generated me 0 leads but Google Ads does get some hits but is expensive. Should I hire someone for the google ads portion? I'm currently seeing how FB ads are working but not generating many leads from this either.

    I know that I need to work on SEO for my website (I actually redid them on Wordpress). But as far as ranking them, I'm not skilled enough to do it myself. Am I shit out of luck unless dropping a few thousand in this area?

    Word of mouth is good for my businesses but it's generating the business that's getting me (The work I do is good so I'm confident in receiving referrals). As far as my goals go, I'm not planning to make a million dollar business or anything like that. Just enough to eventually save for a house and live comfortably. My monthly budget for marketing is about $300.00 a month, where do you guys think I should be putting my money?

    All suggestions welcome. Thanks in advance! Sorry, didn't have time to edit.

    submitted by /u/feint2021
    [link] [comments]

    Self-serve Car Wash

    Posted: 30 Mar 2019 10:33 AM PDT

    Looking to open a self serve car wash in my town. I'm looking for people who have experience doing this! I'm curious about: -startup cost -returns -pros/cons Are self-serve car washes very profitable? Can anyone attest to their success/failure? Any info helps! Thanks

    submitted by /u/tbhzzzzzz
    [link] [comments]

    How did you come up with the idea for your business?

    Posted: 30 Mar 2019 09:51 AM PDT

    What was your "ah ha, that's it!" Moment

    submitted by /u/gianmtp
    [link] [comments]

    Niches for 2019

    Posted: 30 Mar 2019 09:40 AM PDT

    So basically I have been here a couple times getting feedback about my e-commerce website.

    I have been working very hard to perfect the website and make it as great as it could be. When I first came to this sub reddit i had a general website, it was terrible. Then I choose an eco friendly niche, reusable water bottles to help the oceans. While this seemed like a great idea at the beginning and I put a lot of effort into it, I am rethinking my choice right now.

    I realized that a lot of people most likely already have a water bottle and therefore, there is no use of buying another one. I might be just doubting myself but that is why I came to this subreddit to discuss what you guys think?

    Are these products not special and did I make a mistake choosing this niche?

    What niches you guys suggest that would work well in 2019 ?

    (Also I am drop shipping) Website link here , if you want to check it out!

    submitted by /u/Capstaa2001
    [link] [comments]

    To Kickstart or not to Kickstart?

    Posted: 30 Mar 2019 09:36 AM PDT

    So I'm new to all this, I'm in college and want to actually do something with my life. I came up with this product idea, designed it, and was able to 3D print a stock of them that I believe is of satisfactory quality for what they are. My issue now is starting said company. I've been seriously considering kikstarter and am wondering if there are reasons not to do this? I believe the product would sell, but I see many people skipping straight to trying SEO, organic traffic, or ads to get their product out. I would appreciate any help! Thanks!

    submitted by /u/accountofaccounts
    [link] [comments]

    New design business trying to grow. Trying to make tangible products.

    Posted: 30 Mar 2019 08:26 AM PDT

    I just started a design business. I know how to draw digitally and I decided to start a business doing what I love. I draw people as simpson characters but I can also draw them as anime, or any style they want really.

    My instagram is dohdoodles just in case you guys wanna check out my work.

    Anyways, I'm having trouble getting consistent business. People don't wanna pay the price or they don't understand that it's a long process to draw everything. But recently I was a approached by a gentleman who sells customized stickers and decals. He said he wants to offer my package as one of his services. I said yes of course but he hasn't sent any business my way yet.

    So here are some routes I'm thinking of taking:

    1. Find a dropshipping shop that allows me to sell tangible products like hats, decals etc..
    2. Look for decal shops around the country and offer them to partner with me.

    I'm not the best businessman but I'm thinking, if I can get people to sell my product for me, I'll be in a good place. How can I find businesses that would want to use my service?

    Is there a better strategy for growth?

    Thanks for your time. All constructive criticism is welcomed.

    submitted by /u/rayl8w
    [link] [comments]

    "Mindset" By Carol S.Dweck | Animated Summary. Hope you find it useful.

    Posted: 30 Mar 2019 04:29 AM PDT

    Link to video: https://www.youtube.com/watch?v=0QU5Q3lyTqo

    I've done summaries of the following books and am releasing a new one every day:

    • the art of war
    • rework
    • the lean startup
    • the hard thing about hard things
    • crush it!
    • delivering happiness
    • the personal mba
    • the $100 startup
    • zero to one
    • grit
    • the compound effect
    • the prince
    • the slight edge
    • meditations
    • who moved my cheese?
    • the one thing
    • the 6 pillars of self esttem
    • 7 habits of highly effective people
    • secrets of the millionaire mind
    • thinking fast and slow
    • the power of positive thinking
    • think and grow rich
    • how to win friends and influence people
    • rich dad poor dad
    • the subtle art of not giving a fuck
    • models by mark manson
    • the power of now
    • 12 rules for life by jordan peterson
    • the 10x rule
    • the inside out revolution
    • man's search for meaning
    • how to stop worrying and start living
    • millionaire fastlane.
    • and some others...

    If you're interested and want to subscribe here's a link:https://www.youtube.com/channel/UCfbLDMh6uGOZePAfqqjVZ-g?sub_confirmation=1

    If you'd prefer to read the script instead of watching the video, here it is:

    Mindset by Carol S. Dweck

    To achieve any form of success in your personal or professional life, a strong belief in yourself and your capabilities is the first key ingredient you must have. Developing a strong belief in yourself, a positive mindset, is very important. If you want success in important areas of your life, you simply must believe in your ability to better yourself

    "This is something I know for a fact: You have to work hardest for the things you love most."

    Carol Dweck's book, Mindset: The New Psychology of Success, is the most informative and actionable book on how to develop a healthy self-esteem—a strong and positive mindset—that cements belief in your growth.

    If you're interested in this book you can get 2 audiobooks for free with a trial of audible using the link in the description of this video. Subscribe and turn on the notification bell so you don't miss any future summaries.

    The Premise Of The Book

    The two mindsets—a fixed and growth mindset–are the foundation upon which Carol Dweck builds her groundbreaking work and book. From her research on the subject of achievement, she discovered that what someone believes of his or her ability is fundamental to the kind and level of success one can achieve. It is from this research that she unearthed the two mindsets.

    Her book talks about both mindsets and offers readers invaluable insight into how best to become growth-minded and apply the positive mindset in all areas of their life including parenting, career, and interpersonal relations.

    "A growth mindset is belief you can develop abilities."

    This book summary outlines the most actionable strategies discussed in Dweck's book:

    Lesson 1: Growth Requires Effort

    What is more important, effort or ability? Ability vs. effort is one of the most defining characteristics of Dweck's book. In fact, Dweck main area of focus—in her research and in the book—is illustrating how, through effort, a positive belief in the ability to better ourselves, those with a growth mindset can achieve far more than those who with a fixed mindset, the belief that ability is constant.

    "No matter what your ability is, effort is what ignites that ability and turns it into accomplishment."

    When you believe that ability or talent is all it takes to accomplish, achieve, or attain, this belief actually hinders your personal growth because when you believe that ability is a fixed trait, you essentially diminish the value of learning, growing, and developing through consistent effort.

    A fundamental aspect of the growth mindset, the topic Dweck concentrates on disseminating, is the strong belief that all growth or improvement requires effort.

    When you have a fixed mindset instead of a growth one, you associate your ability or 'talent' to your self-esteem/self-identity, which is not healthy because when you attach your self-identity to your abilities, you shun challenges that may lead to failure, which denies you a chance to improve.

    "Becoming is better than being"

    Lesson 2: Change Your Life By Adopting A Growth Mindset

    Dweck does an amazing job of illustrating the power of a growth mindset. She also does an amazing job of showing her readers how to shift their mindset from a fixed one to a growth one.

    The most life-changing information Carol Dweck shares is that it is possible to have a growth in some areas of your life and a fixed mindset in other areas.

    "It's also important to realize that even if people have a fixed mindset, they're not always in that mindset. In fact, in many of our studies, we put people into a growth mindset. We tell them that an ability can be learned and that the task will give them a chance to do that or we have them read a scientific article that teaches them the growth mindset. The article describes people who did not have natural ability, but who developed exceptional skills. These experiences make our research participants into growth-minded thinkers, at least for the moment — and they act like growth-minded thinkers, too."

    From these discussions, Carol concludes that the best way to change your life is to change your perspective (mindset); instead of seeing your "abilities" as fixed, start seeing your life—and all your undertakings–as malleable, something you can learn from and through commendable effort, grow through. The best and easiest way to change your life is by changing how you look at your circumstances and life in general.

    "Mindsets are an important part of your personality, but you can change them. Just by knowing about the two mindsets, you can start thinking and reacting in new ways. People tell me that they start to catch themselves when they are in the throes of the fixed mindset — passing up a chance for learning, feeling labeled by a failure, or getting discouraged when something requires a lot of effort. And then they switch themselves into the growth mindset — making sure they take the challenge, learn from the failure, or continue their effort. "

    Conclusion

    Always be taking consistent action towards your aims.

    "Effort is what ignites that ability and turns it into accomplishment."

    submitted by /u/alwaysimproving95
    [link] [comments]

    Are outsourced MVPs scalable?

    Posted: 30 Mar 2019 07:16 AM PDT

    Not a coder, but want an MVP and expect the best bet would be outsourcing as opposed to bringing in a CTO at this point. Are these MVPs scalable though? Would it be feasible to get the MVP made, hire someone/company to maintain it for a while until I have enough to bring in my own people and move the MVP to the product I want it to be?

    submitted by /u/Pesoot3
    [link] [comments]

    No comments:

    Post a Comment