Cutting expenses

Cutting down the expenses is one of the way to increase revenue. Some companies perform better from last year due to increased number of product sales and services extended. This surely get reflected in the financial statements issued. Therefore more revenue can be generated without cutting the unwanted expenses. Even for companies with solid management teams, cutting expenses are really hard as it requires a total makeover. But some times it makes sense to do so.

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Free is good

The saying in marketing (mainly as a precaution to the victims) is that if you’re not paying for the product, then you are the product. This marketing strategy of making people a product is widely successful and people indeed have no problem in being a product. Since we don’t have to pay for the services they offer, we are comfortable with them using it as a product. If not, YouTube and Facebook never have survived. Since I mentioned these two companies, it is thoughtful to inquire about the scale of business this business strategy brings. There is nothing wrong with giving their services for free. If we look at the positive side we can embrace the amount of change it brought. But of course, it has its own drawbacks. Since the ratio of their proportionality is highly irrational giving good an unfair advantage, we could say those are life-changing technologies. And this strategy is visible almost anywhere. Giving a free trial is a great example. Besides we get news, articles,...

Learning

Nothing is gonna get complete without learning. Even people at their expertise learns a lot.

Small change for good future

Small changes create big impact over time. Giving consistent effort in developing a good habit is like watering a seed. The benefits seems far away. But you never know how useful it will be. At least view it as a process of trial and error. In the end, we are the ones who gets the benefitted from. So keep doing the practise.

Mindset matters

The first mover advantage maybe a myth like MySpace. It is not necessary to have a first mover advantage, but it may do good if managed correctly. In the world of crypto we could see Bitcoin reigning over a decade as the leading coin. It got its first mover advantage and it is way ahead than other altcoins. But does it means it will lead forever ? Not really. I’m case of Amazon the first mover advantage was a great benefit. It is not that because of Amazon being the first to deliver goods through online, it is the ever growth mindset of Jeff Bezos. Like in case of any other thing, the important factor is not the advantage, but the mindset that drives it behind. Last day I wrote about having a progressive mindset. But when it comes to BTC, the driver behind it is clearly absent. Its first mover advantage is getting it to the top, but as soon as when one person with growth mindset comes with an equivalent product (which already happened), the first mover advantage may slay. ...

Ideas surpassing the pull

When we see people taking about the things that is not yet discovered or existing, we often refer them as nuts. Some of the things they were referring makes least sense. And the probability of making it to the real world is almost null. These crazy ideas never made the mediocre to astonish. Instead it induced them to criticize and drag it to the ground over time. Yet some ideas turned real and surpassed the resistance . This is not uncommon. Most of the ideas still gets reverted by mediocre pull. This world would have been a different one if there is no pull. But these pulls are, like some other barriers, meant to cross. Almost everything new has to surpass this resistance. Of it is strong enough, it will break the barrier. The strength of idea is a by product of the source where it born. A rigid determined source can often disrupt the pessimistic ambient field. Many ideas backed by less driven person dies with fear. And couple of years later, someone with powerful mindset...

Running out of time

Death is a constant reminder that we are running out of time. When we look at the world, we see people running behind fame, material possessions and money. But what they are missing is the fact that these are all external placebos for external world. But what matters the most is the inner world. Once we know how to satisfy the inner world, then we no longer be the prisoner of this external dilemma. We can sort out the things by making use of our time doing the things that makes us feel proud and satisfied. But this requires courage and persistence. Because here problems in the shape of emotions strikes is. We may get mocked. We might hear rude words. But it is okay as long as we are doing the right things. In order to do the right things we must be cautious about the time that is slipping by us.

Testing the strategy

When it came comes to trading we see people using different strategies. There is no fixed strategy for success. People find their agreed will at one thing which may or may not suit us. So the real challenge is not to master the strategy but to find it. We may even tried multiple strategies multiple times. Even now that confusion pops. People choose strategy not based on how much winning percentage it has, but does it resonate with their style. Even people trading just based on their will can make more money and can have a great winning percentage than who tried thousands of them. Even after choosing a strategy, people find it difficult to take trades based. Because they are not sure about whether it is what they actually need. If we have a strategy which we think might suits us, we have to test it and back test it. People jumping from one to another never have traded multiple timed based on that. Not a single strategy could be understood within days or weeks, it takes months like the ...

Focus on one thing

Concentrating on one field gives us a tremendous edge than giving a shallow focus on various different things. The difference here is that we get a lot of information from one sector which enables us to master the field.

Observation is the key

Too much focused on work or anything is not good at all. Not for both personal and professional. Yet we repeat the same pattern. Insanely focused in a work could bring better results. But these might lead to filter out the things we think is not at all important. But it turns out that is wrong. Often the things we wish could have were the things we merely ignored. Relationship is an example. Relationship with children and spouse often get cold when obsessed with way too much work. It is very much easy to eliminate the non essential and focus on what's important. But as the life progresses, most people realise that is not true. Giving time to nurture the relations are important as much as finishing the task. In the end all that matters is how well the life gets better. Just merely by observing the things that we thought as irrelevant may seems like a great choice to have. You might rethink and crafts the better one.

Learning curve

The learning curve is an actual depiction of what happens when we start to learn something new relative to time. It is easy for a novice to think that whatever he learns is not that hard. But the time goes, it is understandable that the motivation is dropping down and the learning is not as fun as before. It starts to decline down and down until to test the persons' enthusiasm. Those who just started as a fun activity drops here. it is really hard to sustain motivation here because this is the hard phase. Those who survive here go for long shot. This dip in the curve eliminates about 80% of those who started. It is a very mean way of finding the best, but it works. This can be observed from our own lives. it is the reason why we left some of the things that we thought would be beneficial for us. Those who are experts in their field went through this. They have gone so far by now. If we keep the process for so long until it crosses the dip, then it is possible to become an expert...

Insanely Practical

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