69th Edition – May 31, 2020
I believe that business is a lot like a world-class restaurant. When you peek behind the kitchen doors, the food never looks as good as when it comes to your table on fine china perfectly garnished. Business is messy and chaotic.Jack Welch – Straight from the Gut
1. The Inner Game of Tennis
Gallwey’s book could easily be The Inner of Business. What is that inner game?
It’s an intense competition between the ears with 2 competitors. One is Self 1 and the other is Self 2.
Self 1 – the negative conscious mind that sabotages your potentially-great results
Self 2 – quiets the conscious mind by letting go of self-judgments
If you deal with negative self-talk regularly whether personal or professional, it’s a quick and easy read.
2. Perhaps Self 1 Needs Laurie Santos
What kind of course has nearly 2.6 million students with an average rating of 4.9 from nearly 9,000 reviewers?
I would have guessed a course from either Tim Ferriss or Tony Robbins even though I don’t know if they sell online training.
Instead, Laurie Santos has created one of the most popular courses in Yale history entitled Psychology and the Good Life. Enrollment is free at Coursera.
3. The Martin Method
One of the best personal finance books I’ve ever read is The Millionaire Next Door. Remember the Martin Rule?
Mr. Martin never earned more than $75,000 annually, but he had a net worth exceeding $5 million thanks to wise investing in the stock market. How did he do it?
Early in his career, he asked his accountant for high-quality financial advisors he could interview. He also sought referrals from his accountant’s best clients.
4. Is Your Boss a PAW?
Speaking of The Millionaire Next Door, I also like some of the terms the authors throw to their readers:
PAW – prodigious accumulator of wealth
UAW – under accumulator of wealth
AAW – average accumulator of wealth
While these terms are aimed at individual accumulators of wealth, these terms aptly apply to business owners. If you work for a company, which kind of accumulator is the owner, and why is that the case?
5. Treasure Island is a Simple Strategy Book Disguised as a Young Boy’s Adventure Book
On my way back from Georgia this week, I listened to Treasure Island. I guess I loved baseball more than pirates as a youngster because I never got around to reading it as a kid.
But I wasn’t fooled at all. It’s a business book about strategy.
The story reminds me of some large boulders separating a person and a pot of gold. There are three types of characters in this story:
Character 1 sees the boulders and gives up going home dejectedly. Character 2 will either go through, below, above, or around the boulders to get to the gold. Character 3 approaches the boulders, ponders the path beyond the rocks and learns more about the treasure. Character 3 takes time to determine if circumventing the boulders is worth it. In short, she counts the cost.
Which character are you? Will Self 1 impact your decision?
This Week’s Podcast
Have you heard of the Kolbe A™ Index which measures our conative instincts? Amy Bruske is the President of Kolbe Corp., and she was this week’s guest on the CFO Bookshelf podcast to discuss the conative mind and the book she co-authored with Kathy Kolbe, Business is Business.
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