There ARE dumb questions.
“There’s no such thing as a dumb question” is often just social padding
The moment you speak, you reveal your preparation, awareness, and depth. Every question signals either diligence or laziness
Think before you talk. Make your first impression strong
The problem with people is that they know just enough about a subject to think they are right, but not enough to know they are wrong.
There's always more to the story!
You can gauge someone's mental toughness/weakness by the how often they use the word
1. "Trauma" to mean discomfort
2. "Abuse" to mean inconveniences
3. "Crisis" to mean setback
4. "Toxic" to mean irritation
Those who use these words often need a reality check!
The fact that you think something is attractive is a direct indication that you don't know enough about it!
When you understand the effort that goes into making something successful, it stops being attractive.
A $2M revenue business operating at 25% net profit is equivalent to
$2.5M @ 20%
$3.3M @ 15%
$5.0M @ 10%
$10M @ 5%
$16.6M @ 3%
More revenue is important, but preserving margins is key!
High revenue, low margin businesses are the most stressful to manage!
experience is measured by number of hours on task, not in number of years
spending 10 hrs/day for three years will result in more experience than spending 3 hrs/day for five years
on your way to make:
$1k prepare to lose $100
$10k prepare to lose $1k
$100k prepare to lose $10k
$1M prepare to lose $100k
$10M prepare to lose $1M
$100M prepare to lose $10M
when you make peace with the ratios, the numbers don't seem so scary