i was born into a middle class family.
loving parents. warm home. educated.
can’t say that i ever experienced hardship.
at a fundamental level, i’m driven by:
the debt i owe to the universe for all the unwarranted gifts it has blessed me with in this life.
timing is often the greatest determinant of quality
a piece of ‘business’ advice can be absolutely redundant now, but life changing in a couple of months time.
same with people, locations, purchases…everything.
the best thing you can do to extract more value out of the ocean of educational content isn’t searching harder for what’s ‘right’…
but paying closer attention to your own life context to derive what’s right right, now.
if perception is reality, and there is no such thing as objective value, but only perceived value...
then marketing is a value-adding activity.
you can create value out of thin air via perception.
though inspired by @rorysutherland and super refreshing take given all the negative preconceptions people have about marketing activities (myself included sometimes)
@thesamparr yeah really not good enough for a final version, though still useful to pinch pieces of copy from to integrate into the larger body of text
the balance between quality and speed is probably one of the toughest to strike.
especially if you have perfectionistic tendencies.
I still struggle with it but here is the number one tool that helps me navigate the tension between speed and quality:
MR = MC
i.e. Marginal Revenue = Marginal Costs
the concept that's been indoctrinated into us throughout my Economics A-level and Uni Degree studies...
but it's one of the few learnings that I can't call a waste of time.
the MR=MR law states that the profit-maximising level of production for a firm is the point just before which...
the Marginal Costs of each unit of production start exceeding the Marginal Revenue from this unit of production.
(seems like an obvious statement - if producing 1 more unit will cost you $5 and only bring in $4.9...then why do it?)
therefore, the point of production that a profit-maximising firm should set is MR=MC, because:
if you're producing below in the zone where MR>MC...
then you're missing our on the additional marginal revenue that can come in by scaling production...
but if you're producing in the zone where MR<MC...
then you're producing in excess, and your most recent units of production are actually costing you more than they return.
the golden sweet spot is MR = MC
now this is a microeconomics concept usually applied to businesses...
but it's just as applicable on an individual level.
you're just a micro-entity.
so as you complete a task, actively evaluate whether the additional returns you're receiving outweigh your additional costs (of time + opportunity costs).
(opportunity costs - the potential additional returns that you could be getting by diverting your attention to another activity)
and with clarity as to where you lie on the MR=MC curves...
profit-maximise your way through work sessions to get the best yield on the commitment of your time.