The Education of Millionaires - Deepstash

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The Death Of Job Security

The Death Of Job Security

The old school method of job progression is dead for two reasons:

  • Job security is dead, no more staying at the one company forever.
  • The internet and technology has created the means for much more flexible work styles.

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1.85K reads

That Risky Dream

That Risky Dream

Entrepreneurship is like dating – failures are unavoidable and are a part of learning. What matters most is resilience.

If the pursuit of a risky dream imparts useful business skills along the journey, then even in the worst case, the pursuer ends up learning useful skills.

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1.51K reads

Two Kinds Of Knowledge

Two Kinds Of Knowledge

  • Street smarts & practice, where you’ve learned it “in the real world” and know how to apply it. Only learned by doing it.
  • Theoretical, abstract knowledge you get from books and school that doesn’t have a tie to your experience and the real world. Harder to apply.

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1.46K reads

Making An Impact: On Your Own

Making An Impact: On Your Own

Impact requires venturing into the unknown (whose risk most people avoid) and leadership (which acts as a multiplier of impact).

Four steps:

  • Get financial stability: Get rid of debts, and have some savings.
  • Create room for experimentation: Figure out a job schedule which allows for experimentation
  • Begin experimentation: Use money from step 1 to experiment around (while keeping the source of money around)
  • Strike out on your own: Either as a part of the current organization or on your own, follow the direction set by a successful experiment from step 3

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1.22K reads

The Two Questions

The Two Questions

Two powerful questions for making connections and providing value to people:

  • What’s most exciting for you right now in your life/ business?
  • What’s challenging for you in your life/ business right now?

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1.23K reads

Making Worthwhile Connections

Making Worthwhile Connections

Great networking is not about the back-and-forth, it’s about giving with no expectation of anything in return.

There are two basic ways to find great connections

  • Find people with great future potential and help them in reaching their goal
  • Add some value to the life of someone who is already established (common areas being personal finance, relationships, health, hobbies, and causes or a specialized skill which could be of use to the receiver) or connect them to someone where a connection could create a win-win potential for both parties

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893 reads

Marketing: Don't Let Your Company Remain Obscure

Marketing: Don't Let Your Company Remain Obscure

The general perception of marketing is that it’s sleazy and manipulative, the reality is that good marketing is making your potential customers know about you (or your company).

A lot of businesses fail because they are not able to reach out to the right customers.

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MICHAEL ELLSBERG

People don’t talk about the best-writing author; they talk about the best-selling author.

MICHAEL ELLSBERG

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1.01K reads

Sales As A Leadership Skill

Sales As A Leadership Skill

  • One can get better at a particular craft but being able to sell oneself is equally important (successful people in a craft are not always the best individuals of that craft).
  • Success is a skill – it consists of the skill of marketing, the skill of sales and skill of leadership.
  • Sales are about knowing what customer needs and if you have a good solution/product, offering it.
  • Leadership is about being able to influence (not manipulate) people not control them.

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789 reads

Investing for Success: Learning

Investing for Success: Learning

Learning as an adult: Adults need a reason to learn something, they are involved in planning as well as evaluation, more interested in subjects having immediate relevance, more interest in problem-oriented (as oppose to content-oriented), and prefer more self-directed education (as oppose to taught).

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806 reads

Building Your Brand

Building Your Brand

Your brand is what people think about when they hear your name.

One should have a website under his/her name to establish the brand.

Robert Scoble started blogging when there were ~200 blogs in the world. Worked in NEC sales dept, eventually hired by Microsoft and that did not go well. Currently, working as the public face of Rackspace. His biggest credential being able to build his professional presence at the right time.

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713 reads

Entrepreneurial vs. Employee Mindset

Entrepreneurial vs. Employee Mindset

  • An entrepreneurial mindset focuses on contribution, outcome and moves towards big decisions even without authority.
  • The employee mindset, on the other hand, focuses on entitlement, output, and turns away even from small decisions.
  • Entrepreneurs see current circumstances as temporary, but employees seem them as permanent.

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839 reads

Work Yourself Out Of Your Job, To Take A Bigger Role

Work Yourself Out Of Your Job, To Take A Bigger Role

Entrepreneurial mindset people carve out their path as oppose to working on the path carved out by someone else.

Caesar Ritz started as a waiter, but he looked at himself in a waiter role, as a transitional point, to hotel manager one day.

Louis Marx fought hard with his employer (Ferdinand Strauss) to shut down the retail business and focus solely on toy manufacturing. He failed, so, he left and started his own company (Louis Marx and Company) which became the largest toy manufacturer in 1920s.

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CURATED BY

lucy_d

Investing and saving is not the same thing.

Move out of that bad job and do something on our own.

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