#014 The Only Business Advice You'll Ever Need
- By Erin Cobb
- •
- 04 Jan, 2018
In Episode #014 The Only Business Advice You'll Ever Need, I relate the famous story "Acres of Diamonds", break down what it means in the context of life and how to apply it NOW.
"The Grass is Always Greener In The Other Fellow's Yard...If we all could wear green glasses now, it wouldn't be so hard to see how green the grass is in our own back yard."
-Raymond B. Egan and Richard A. Whiting
Acres of Diamonds
- The Story of Ali Hafed
- You already have everything you need
- The treasure which you seek lies dormant within you.
10 Takeaways
- Explore the work you're currently engaged in
- Realize that your own pasture is green and unlimited
- There are no bad jobs - the way you go about your job makes it good or bad
- Dont put yourself in a jar that limits your growth (Avoid self limitation)
- Start Preparing yourself for Opportunities NOW. (they will present themselves in the future
- Put your imagination to work
- No Limit to the growth in your industry, similarly there is no limit to your growth within that industry
- Our economy needs and will reward the uncommmon person who participates in its growth
Blue Ocean Strategy - Use YOUR Unique Experience to Create Something Original
- Find your circle of competency
- Cirque de Soleil
- Red Bull
- Airborne
Maintain an Inner Scorecard
- If you could bet on someone else (and get 10% of their Earnings Forever) Who would it be?
- Why would you choose this person?
- It would likely be because of traits like honesty, hard work and humility rather than intelligence or test scores.
- The Good news is those traits are all available to YOU and you already own 100% of yourself.
- Moral of the story: Cultivate the traits you like in others within yourself!
Rookie Mistake: Thinking fulfillment is "out there" when it truly lies within.
- Thinking happiness and wealth are "Out there" when they truly reside only within.
Sources:
- Acres of Diamonds - Russell Conwell
- Speech to Stanford Graduate Business School - Warren Buffett
- “The Grass is always Greener in the other Fellow’s Yard” by Raymond B. Egan and Richard A. Whiting (published in 1924)
New Paragraph
In Episode #016 Less But Better: Essentialism, Inner De-cluttering, and How to Master Your Environment, We explore Dieter Rams Design Philosophy and how it can vastly increase our feelings of fulfillment.
In Episode #015 How to Become a Confident Lobster without being an Arrogant A$$hole, we explore pulling the sword from the stone, the connection between inner and outer confidence, and the power of total abundance.