Have you realize that you are also an investor and is constantly allocating resources?
That’s right and just to be clear, by resources I mean everything from money (probably one of the cheapest one) to, of course.. time (probably one of the most expensive).
Why this is important? Our resources are limited and should be invested wisely to achieve short and long-term goals, increase net worth, have a sustainable business or lifestyle and so on.
Keep track of your resources and understand them completely (yes, the math, but even beyond that) because there are times when you need to invest wisely and there are times when you need to drop unnecessary weight, think about it, what hold you back?!
Have a nice day.
I’ve just read “Why Google beat Yahoo in the war for the Internet” on TechCrunch, a war as we know have more than a decade and I just want to share an insight about approaching problems to find solutions, from Mohit Aron, one of the engineers behind Google File System:
Completely understand the problem before even considering the solution.
When you visualize a problem, start from scratch. Whether you’re an engineer or an entrepreneur (or both), close your eyes to existing solutions and ways of doing things, ignore what has been done before and build your ideal solution. Once you have that, you can determine which existing solutions should be used and what needs to be rebuilt.
It may seem simple and obvious, but the catch is that many variables are often obscure when it comes to long-term and scale, if you start wrong easily it can turn into a snowball and you end up running out of resources or having to invest much more to set things right.
Have a nice day.