Knowledge gap

Sometime the barrier lies in lack of knowledge. People often tend to develop their life using their existing knowledge which they tried and failed many times. Even while taking the financial decision people focus on planning what's they planned before and slay there. They might be good at the existing tried and failed planning. But learning about the different methods and concepts, they can actually make a better decision.

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Beliefs of discount

Seasons are mostly beneficial to those who are making whole sales. The sales are driven highly with anticipation of belief that people are ready to spend money than before. It is beneficial to both the customer and seller. The main reason is the volume. In normal days, people won’t go shopping vividly and manufactures are less active. We are taught to believe that during season sales companies sell products with more discount. Sometimes with buy one get one offer. No one wants to bet large amount of money during non-seasonal days. We wait for discount to hit thus to save money. And when the discount breaks, huge amount of masses place the order. This is way more than actual sale. Discounts are certain and hence the profit. On the flipside, companies will profit like hell these days. They employ more workers during this time and install many outlets. They know they can swap money like never before. It is confusing to see who makes real profit. Both sides cannot maintain the...

Work involved

For lot of reason, people avoid confronting reality. It is very much scary to them. You must have heard that everything is first created in the mind and then in the reality. That is true But it is difficult to execute and to put into practice. Involvement and lot of work is required. Very few people make this transaction. What filters this out is the work involved in between.

Analyse a stock

It is advised that before investing it is a healthy habit to analyse the asset fundamentally. We see people investing purely based on news and short term information. News and media will not cover a story about a fundamentally strong multi bagger stocks. It takes time for them to analyse and media’s rarely do this. But whenever they find something, let’s say stocks, flying it is immediately covered and they compete to out the coverage first. This is observed globally. Besides doing fundamental analysis requires lot of time and patience. There are thousands of companies out there and to find the good one with great potential is hard and risky. Risky means we have to trust our instinct that somewhere somehow we will find those stocks by sacrificing our time. It is a risk when it comes to time.

Bitcoin can solve this

Bitcoin as a tradable asset gains more popularity than ‘bitcoin as a medium which brings financial sovereignty'. Amid the rise of growing popularity among crypto currencies and the big players manipulating the market, the vision is getting limited to what would happen in the crypto world instead of how it is gonna make a difference in the world. It is true that the popularity is among the traders and investors, these are the early adopters who adopted bitcoin as a part of wealth creation. But those who needs bitcoin the most owns nothing. Even worst, majority of them knows nothing about bitcoin. It is just a fad of jargon among traders and gamblers. This notion alone keeps them away from acquainting and acquiring bitcoin. The real solution to those problems are still yet to be understood. The so called bitcoin promote it as ‘why bitcoin and not fiat currency’ instead of buy at the dip and sell at the top. When it comes to share holding of a company, it is two separate entities t...

Attachment and decisions

Attachment creates problems. The reason we feel lonely whenever outside of our comfort zone is the experience we are going through is new. When we go through something that we never went through before, we feel a kind of uncomfortableness. This uncomfortableness is resulting in the creation of new brain patterns. Brains neuron activates when we go through something new. The existing pattern when finds it difficult to work with. This is the exact reason why while the new patterns form, we feel insecure and frustrated. Sometimes it creates fear. The brain nature of fight or flee comes to action when we put ourselves in fear. Fear most of the time creates a fleeing sensation than fighting. Because fleeing is less risky than fighting. Your life is guaranteed when you flee. But fighting takes a lot of effort that maintains the required outcome. So if fighting is not a desirable option, the fleeing is the only left one. That is why we see some people easily setting their presence in the...

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. ...

Branch of possibilities

Possibility can be defined as the things that are possible. This is by catagorizing the different number of outcomes. Each outcomes could be a possibility. Every results as a consequence of action leads to a possible outcome. The number of outcomes is different for different activities. There is a direct proportionality between the number of outcomes and number of decisions. A single trivial decision could lead to multiple results. And every choice has its consequence. Every product, experience,art and relationships are the stories of series of executed decision. If something doesn't work we can always review the chain of choices and could spot the wrong done. Atleast half of the chain might be good. But this chain of decisions turns out to be hard when the outcome wasn't as expected. The hardest part isn't the first or the last thread, but the millions of threads waiting to be knotted in the middle. This happens to everything. The decision we make have lot of impact. And e...

They must know WHY

When it comes to motivate people we use strategies after strategies. Offering them incentives and bonus. Medical reimbursement and insurance. Everything is financial and greatly luring. It's like exploiting the needs to the benifits of companies. Money is a great motivator untill the need become non financial. People also like to have status and high profile. They like being famous. Fame is an inherent instinct from the very beginning of mankind. Organization and employees tend to bargain for each others need. They say you do more work, we give more money. This might feel perfectly okay for both since they are satisfied with the offer. But neither of them get anything better. There could be more work done and more money exchange, but no big difference. It applies to corporations and employees in two different ways. 1 . For employees, it won't solve any of their financial problems. 2. For the companies, the graph still be the same. Giving an interpretation might ...

Listening for selling

One fallacy when comes to selling is the methodology of listening. It is one of the hardest job. Because we always love to say than hear. We want to express our feelings and emotions. We don’t like when people talk always about what they do and what they believe. We have our own ideology and beliefs. But it is a key holding when it comes to selling. Selling involves emotions. Once we know how to manipulate the emotion we can easily make the deal. That’s what a good salesperson do. What is hard for many people will be mastered. He throws every hint, then learns a lot from it. People always to talk about whatever their thing is. It doesn’t matter if it is win or lose, everybody loves to talk about it. They expect us to show some me empathy or jealous. It is a bad habit to talk without a limit. Like every bad habits brings a consequence, being manipulated is one of them. Sales people found this and they created a separate module for its manipulation. They extract information from this an...

Breaking down to the elements

Although after spending lot of time in studying and learning a particular subject , we stumble upon coming up with ideas. No creative way of expressing the bit of information gathered so far. Reading some books, going through multiple articles and talking to a lot of people (master at the things you wish to know )might help to boost the knowledge. But no use to making it a part of your thinking. I mean you can't. But it could be done. It doesn't mean that you have to work eighty hours a week, it means you have to know how to learn before learning. It's like making a smart move. Lot of scientifically proven techniques are available in the internet. All of it points at the same direction , it is to break the elements into its basic elements. If you are an aspiring entrepreneur craving to come up with innovation and creative ideas you must dig into the roots. The reasoning done through own scrutinizing study leads to connect the probability streams to a great idea. " It...

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