Being an Agent Always Works

A principle/agent relationship is one where an agent does what is in the best interest of the principle, rather than what is best for him or herself. It’s putting others above yourself.

It is the fastest way to success. It always wins, no matter the outcome.

Managers don’t work for shareholders. They work for customers and employees, which in turn increases shareholder wealth. Bring value for those that you care about and the rest handles itself.

The Quickest Way to Lose Before You Get Started

The quickest way to lose before you even get started is to have too much. A trust fund doesn’t motivate anyone. Lottery winners get bored and have to keep overspending for excitement (then they run out of money).

A nice-paying job robs you of the ambition to do truly amazing things. Why would you think outside of the box? Your already in it.

No One is Any Better Than . . .

No one is any better than anyone else who walked the same path in life. Never think your inherently better than others. Your experiences and the effect they have on you is what matters.

We all have had a unique set of experiences. What they were, and how we reacted to them is what determines who we are.

The Scariest Thing About Risk

Scared of risk? What you should be terrified of is not taking enough risks in the first place.

Try taking no risks for a day. You will quickly realize that, to get anywhere in life, literally, you have to take a few risks along the way. A life without some risk doesn’t exist.

If greater risk means greater reward, the most successful people must have taken significant risks to achieve their goals. Do you?

Why Does Everyone Hate Honesty?

We have a relatively short time on this blue ball, right? Why waste any?

Yet, it seems, everybody spends an inordinate amount of time not being fully honest. Being polite. Political correctness, they often call it. Except it has extended beyond politics, it seems. Why?

Does it serve you or the person your speaking to? I suppose both, if your goal is to keep the peace or not ruffle feathers. Is that your primary goal?

When you don’t speak your true mind your wasting your time and the time of the person your speaking to. Your inserting a detour in progress, by misleading. This is a cost of the lack of transparency.

Being completely earnest and transparent sets high standards and improves anybody that seeks to meet those standards. And if your pursuing a role of leadership, it also creates loyal followers among those that believe in your message. It’s your job to be honest. And if your true opinion is accurate, everybody wins.

The Only Two Reasons to Take Any Action

We only take action for two reasons. The first is that we are required to. Think paying taxes here. We do so because we have to. Plain and simple.

The only other reason to take an action is that it benefits us in some way. This can be a direct benefit, such as buying a candy bar. We enjoy it. Directly. Or the benefit can be indirect. For example, you might pay for your child’s college tuition because it will help prepare them for a fruitful life. And the idea that your kids will have a fruitful life makes you happy. Or giving to the homeless. It provides a positive feeling to the giver. That feeling loops back as a direct benefit. Whether direct or indirect, the activity has value to the person taking the action .

Other than a requirement or a benefit, whether direct or indirect, there are no other reasons to engage in an activity. Simply put, if the activity isn’t required of you, it must provide a benefit. It must have value. Otherwise, you wouldn’t do it. Right?

Does everything you do fit into one of these two categories? If not, why are you doing it?

You Don’t Need More Time

You have plenty of time. You aren’t pressed for time to do what “matters.” Your already doing what you think matters. If you didn’t think it mattered, you wouldn’t be doing it. Right?

Focus isn’t about concentrating. It’s about not giving attention to what doesn’t matter. The byproduct is that you become focused.

You don’t need more time. You need to learn to say “no.” Say no to the things that don’t really matter, and you’ll have the time and focus for what does.

Don’t Fall for the “Whistle Trap”

In one of Benjamin Franklin’s many writings, he told a friend, Madame Brillon:

“When I was a child of seven years old, my friends on a holiday, filled my pocket with coppers. I went directly to a shop where they sold toys for children; and being charmed with the sound of a whistle, that I met by the way in the hands of another boy, I voluntarily offered and gave all my money for one. I then came home, and went whistling all over the house, much pleased with my whistle, but disturbing all the family.

My brothers, and sisters, and cousins, understanding the bargain I had made, told me I had given four times as much for it as it was worth; put me in mind what good things I might have bought with the rest of the money; and laughed at me so much for my folly, that I cried with vexation; and the reflection gave me more chagrin than the whistle gave me pleasure.

This, however, was afterwards of use to me, the impression continuing on my mind; so that often, when I was tempted to buy some unnecessary thing, I said to myself, Don’t give too much for the whistle; and I saved my money.

Don’t pay too much for the whistle. Be careful what you want, as you may get it, and at the cost of something else. There is a opportunity cost for every choice you make. Spend your time, attention, and money on one thing, and you forego another.

Be sure about what you want, and ignore everything else.