Extending the circle of safety

Extending the circle of safety to the employees at the very bottom of the pyramid actually creates a safe environment in overall nature. Often times priority is given to the people at the top and those who involve directly in increasing the shareholder's value. It is good for the short term, but miserable in the long run. The people at the bottom of the hierarchy deal with the core of the business. They manufacture the products, interact directly with the customer, respond to the feedback, and know a lot more than actual people at the top. The more care provided to the employees, the better the business will be.

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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,...

Why people radically ignore philosophy

From infancy to the geriatric days of our life the philosopies we subscribed and dissented made the whole bunch of years a life . It's common to hear from old people "I lived a fantastic life" with a smile and pride or "I'm a failure"with great regression or even they express displeasure with a frown and stare when asked how they lived their life. It takes a life time to put this in a nutshell. The reason why these saying goes so is a simple factor. The inability to spot the unwise advices. It doesn't need a cumbersome effort to account for good ones,but to embrace it there requires some effort. Seems bizzare. Why is that ?. Because it is itching and dreary boring.It takes tremendous amount of energy to put your instinct diligently forward, especially when you are told to do. We don't like when we're forced. Wait a minute... But what if you are not told to do anything? I mean anything.Let's have brief look, After the very minute of your bi...

Trading with no money

The thing with trading with real money comes with a lot of problem. The first reason is the lack of experience. Since trading involves a lot of things, it takes time to get in flow. During those times trading will the real money causes a lot of trouble. People often go out money because of the inexperience in trading. On the other side, experience only comes when we trade. This is a paradox. But money is not a very good option to start with. With the kind of technology available today, we can create any experience that is not real, but gives the taste of the experience. In the field of trading, it comes in the way of paper trading. People born at this era has this advantage, they can practice as much as they want until they develop their own strategy. But a couple of days ago, this is not the case. In order to enter into a trade you have to play with real money. That is why most people never ever tried trading in their life. Once an individual trade with real money, but with lack ...

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.

Traveling

Traveling may be expensive, but it offers a lot of exploration. We often tend to backnoff from travelling due to tightening money. Travelling should not be neglected. It gives us plenty of experiences and memories.

Search

Searching for the things we think important often leads us to a prominent path. When we do such endeavours, we discover more things related to our fields.

Lesson from failure

With each failure see it as an opportunity to learn and then grow

Surviving a crash

A company which survives all the negative forces thrives in the future. A company or a startup generally focus on solving problem. The bigger the problem, the bigger the opportunity, and sometimes the bigger the risk. But taking such rewards yields better results. Results really defines the success. So whenever a company makes good amount of return as per their vision or greater than the previous year. And more probably we can see that those organization which survive the dip offers a very good incentives to investors as the future. During the dotcom bubble that happened in the late 20th century, those ventures which survived yielded a very good return to the investors later. Only a fundamentally strong company could survive such kind of dip. After that people are convinced about it bright future and those who then became the retail investors made a try. Therefore a dip or even a horrible dip has such kind of advantages. It can convince people and investors to trust.

communication power

When we look at the victims that fell for a scam, we could see that these people went from a suspect mind to a believer mind. Scammers use their skill of communication to trap common people. Hence communication when learnt, its application decides the wavelength of outcome.

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. ...

Insanely Practical

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