Don’t be a victim

A victim mentality is a cage. It traps you. It renders you powerless when things don’t go your way.“Why me?” “Life is so unfair.” “I don’t deserve this.”Life is unfair. No one deserves anything. Sometimes bad things happen to good people. Accept it. Get on with life.Keep doing the right thing. Don’t forget that business…

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Stay away from bad thoughts

“What we think we become” BuddhaImagine your kids or your spouse or your parents could read your mind? Are you sure there’s nothing there that would embarrass you?It’s safer to stay away from bad thoughts.Avoiding nasty thoughts doesn’t mean being an irrational optimist. It doesn’t mean never contemplating negative scenarios. It doesn’t mean being naïve or unrealistic.It…

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Don’t react badly to bad news

Charlie Munger has a sign on his door that says, “Bad news welcome, good news can wait.”That’s because good news rarely needs urgent action. In fact, good news usually requires inaction. “Don’t touch it, it might break!”Bad news on the other hand requires urgency in order to mitigate the damage.Never react badly to bad news….

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Keep your conscience clean

James Stockdale was an American navy pilot who was shot down over Vietnam in 1965.After spending seven years in a POW camp, tortured and confined in a concrete block in leg irons, his realization was the greatest tool for making people do the wrong thing is “shame”.Shame creates guilt, which erodes willpower and leads you to…

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Have a big brother

Being a startup can be dangerous. Especially if you’re taking on the big guys. Entrenched corporate interests can be vicious when threatened.Don’t underestimate the power of a company with lots of cashflow, lawyers, and an insecure CEO.This is where having gone to a government school is useful.Everyone knows that the only way to avoid being…

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Don’t be desperate

When you’re in business there will be times of huge stress whilst you search for a key employee, partner of customer.You’ll be desperately scrambling around, convinced of your imminent demise should the answer to your problems not be found immediately.Be cool.You must do everything you can to attract what you’re looking for, be it a…

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Be careful what you write

Never write something about someone unless you’re happy for that person to read it. This applies to WhatsApp, email, SMS, all forms of electronic communication.The days of secret correspondence are gone. Not only is it possible you’ll one day be hacked, you’ll eventually send a message to the wrong distribution list.Imagine accidentally sending a message criticising…

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No one can harm you

Only you can harm you.Victim of bad press? Its only painful if you care what other people think. That’s a choice that you make for yourself.Lose a customer? Its only painful if you didn’t plan your cashflow for the worst case scenario. That’s a choice you make for yourself.Forced to pay severance to get rid…

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Make haste slowly

“Festina lente” was the motto for Augustus, emperor of Rome. He was not a dude known for hesitation. But he understood the dangers of being overly hasty.Before firing the laser, ask yourself, is this decision important?If it’s not important, go ahead and make a decision. The consequences are minor if wrong, and you can quickly…

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Your reputation doesn’t matter

Whilst reputation can be a useful tool in the game of business, in the final analysis it simply doesn’t matter what people think about you.It only matters what you think about you.What you think about yourself is entirely dependent on what you do with your life.If you do nothing, then you’re a nothing and the…

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Business is a game

The objective is to win, but when the game is finished life goes on. So don’t do anything that makes it impossible to go on with life.Don’t ruin your health. Don’t commit a crime. Don’t be alone.Whilst you’re playing the game, there are certain tools you can use to give you an edge. Reputation. Capital….

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