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From Fortune article:
- Whole Foods went public in 1992 with 10 stores
- At that time the CEO thought the goal of 100 stores was outlandishly optimistic
- They just upped their US projected store count to 1,200 from 1,000
someone smart said ‘life is not linear’ or something to that effect. great observation. and one that should drive many decisions in life.
volatility is inherent in life and business because humans are involved. humans are emotional creatures and make unpredictable, sudden decisions.
ways to mitigate this revolve, in my opinion, around diversity.
1. look at more things (as another smart person said). have five potential job ideas working all the time in case your job doesn’t pan out. one day your boss likes you; one day not so much. it happens. i have seen it. having multiple other relationships lined up will help mitigate that if it happens.
2. don’t focus on one skill set (i.e. i am a finance guy and only going to develop finance related skills). be well rounded. learn to program so that if that is hot you at least understand that industry.
3. network when you don’t need to. don’t ever stop networking. when you need your network for whatever reason you need it to be developed and in place. when you need it is not the time to build it. it needs to be built so that it is strong when you need to harvest from it. talk to as many people as you can all the time. if you cannot see how someone can be of immediate assistance to you, spend more time with them. it is the not obvious connections that will add diversity to your network and make it stronger. knowing only finance people, for example, will only get you finance opportunities.
4. don’t get too comfortable. volatility is unpredictable. if you are too comfortable it can unseat you easily. expect that a good thing won’t last forever and if it does, great. if not, you are prepared by knowing diverse people, having a diverse network built, and having developed a more well rounded skill set.
5. embrace the volatility. volatility isn’t always bad. things can surprise you to the upside. but you have to be flexible enough to take an opportunity when it arises.
think about how unforeseen things could happen to you and you will visualize why you should be working on the above.
willpower might be the only thing that really matters in life, if you stop and think about it.
studying instead of going out - willpower
eating veggies and beans for breakfast instead of pancakes and syrup - willpower
staying late to finish the work project instead of going home - willpower
such a crucial skill, but so very hard to master.
why is it so hard for our brain to convince the rest of our body to do the right thing?
really feeling this today as i am on a strict no-bad-carb diet and made the mistake of not having breakfast at home.
good test of willpower: after a good morning workout, eat a healthy breakfast out at a fast food or fast casual restaurant that fills you up without eating one bad carb (bread, grains, oatmeal, sugar, yogurt, etc.).
the answer must lie somewhere in the behavioral economics field.
When I run I usually listen to some music on Spotify. Then there are always some new unreleased songs so I switch to Soundcloud for a few of those. Then if it’s a long run and I am getting bored I switch to the TED app and listen to some TED talks.
So I cannot help but wonder why Spotify doesn’t allow artists to upload unreleased tracks directly, like Soundcloud so I can eliminate that step. And then why doesn’t TED distribute their talks through Spotify also? They let users download the talks, why not put them in Spotify and let me add the audio to my playlists?
It’s all about me and making my runs easier! Now make it happen.
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