Case Interview Secrets Summary

Case Interview Secrets SummaryA Former McKinsey Interviewer Reveals How to Get Multiple Job Offers in Consulting

You always wanted to work as a consultant. And now you are invited for an interview. Or, you just went to an interview, and you failed badly.

Then, you are in the right place.

Our summary of “Case Interview Secrets” will give you the questions you can expect in job interviews at consultancies, and hence help you ace your interview, get the job.

So, scroll down and join us for the crash course on landing the job of your dreams.

Who Should Read “Case Interview Secrets”? and Why?

Once you have passed the seemingly hardest part of the job quest and have been asked to an interview at your preferred consultancy, it is time to consider how to become the candidate that they will employ.

Now, a job interview conducted at a consultancy most of the time is not just another job interview, where you will get a bunch of questions about your prior experiences.

Instead, you have to be prepared to answer both qualitative and quantitive questions.

In “Case Interview Secrets”, author Victor Cheng shows you how to ace the process by giving you an overview of the questions you might expect, and how to answer them.

We recommend this book to all readers who are preparing for a job interview and all of those who failed one and want to know what went wrong.

About Victor Cheng

Victor ChengVictor Cheng is a business book author, a public speaker, and a strategic planning consultant. He previously worked at the McKinsey & Company as a management consultant.

“Case Interview Secrets Summary”

Have you ever partook in a job interview at a major consulting firm?

If you have, you already know that it is not a mere conversation about your previous endeavors and qualifications. Instead, you will get a business case to solve.

The questions that you can expect in a case interview usually feature two types of quantitative questions.

First, you will get math questions that involve interpretation of data or arithmetic, percentage calculation.

Honestly, these questions can be daunting, but you need to try to answer them as quickly as possible. Do you know what you need to be able to do that?

Practice.

Just like with everything else in life, practice is the key to mastery.

So, what can you do daily to improve your speed and confidence?

One thing you can do is practice using old interview questions. Of course, keep in mind that the questions are always changing, so practicing like this will only automate your reasoning and make you comfortable with such types of problems.

The second type of quantitative questions that you can expect to get is computational-level estimates.

What are these?

These questions present a problem in which you are given a few pieces of information, with which you will need to work to make estimates.

Answering these types of questions can be hard since you will have to work with large numbers in your head.

To make the task easier, either break up the numbers or round up the numbers.

In fact, in most cases, you will just need to come up with a rough estimate.

If you ever go to a case interview, you will probably be confused because of all the obscure estimations interviewers ask you to do.

However, you need to understand that the interviewer does what the clients will make you do if you become a consultant.

So, case interviews are simulations of your future job.

Key Lessons from “Case Interview Secrets”

1.      Determining a Product’s Market Size
2.      The Need for Interpersonal Skills
3.      General Business Questions

Determining a Product’s Market Size

First, you have to know that the purpose of such questions, if they ever come up, is to observe how you decide to approach them.

Knowing that you will know that coming up with the correct answer is not crucial.

So, the first thing you need to do is to find proxies or factors that can help you get to your answer.

But remember, once you have found proxies, identify and keep in mind their limits, because they are only a rough estimates to guide your predictions.

The Need for Interpersonal Skills

Interviewers do not ask for correct answers to their questions. Yes, they will appreciate your accurate predictions and developed analytical skills, but they will also look for excellent interpersonal skills.

If you become a consultant, you will continuously work with people, so you need to be calm and confident. So, if you are nervous and fidgety, you will most likely fail at getting the job, since the interviewer knows that a client will not trust recommendations that come from a nervous consultant.

General Business Questions

If you successfully answered the two types of quantitative questions, your interviewer might ask you some general business questions as well.

To handle such questions use frameworks.

  • The Profitability Framework will help you conduct a quantitative analysis, by breaking profit based on its components in revenue group and cost group.
  • The Business Situation Framework will help you analyze the client’s business, market, and industry, and determine such things as why the variable costs are so high. It does that by dissecting the business and revealing information of its subsegments: company, competition, customers, and products.

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“Case Interview Secrets” Quotes

If there isn’t any obvious segmentation pattern, avoid stating the segmentation pattern you want to see. Instead, phrase your question such that the interviewer tells you which segmentation pattern is the right one to use. Click To Tweet Just like a scientist devises an experiment to test a working theory about a disease, you need to determine how to test your client’s problem or challenge. Interviewers commonly call this step problem structuring. Click To Tweet A fixed cost doesn’t change as the number of units sold changes. Click To Tweet A variable cost changes, typically linearly, with the number of units sold. Click To Tweet When analyzing costs, it’s often useful to segment them into fixed versus variable costs. You can do this in two ways. One way is to disaggregate your cost per unit into fixed costs per unit and variable costs per unit. Click To Tweet

Our Critical Review

“Case Interview Secrets” is an excellent book for beginners that would like to avoid the hurdles. More knowledgeable readers and seasoned campaigners may find many of the content familiar. However, the puzzles and problems that Cheng inserts in the book will make it enjoyable and fun for readers.

Overall, expect to get a good lecture on how to become more confident when going for job interviews in consultancy firms.

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The Freaks Shall Inherit the Earth Summary

The Freaks Shall Inherit the Earth Summary

Entrepreneurship for Weirdos, Misfits, and World Dominators

Have you ever felt like you don’t belong anywhere on this planet? Or daydreamed that there are other people like you and that some of them have succeeded? Have you ever wanted to meet them and get some guidance from them?

Well, Chris Brogan is a self-dubbed freak and he has some good news for you. In “The Freaks Shall Inherit the Earth,” he explains, in no less than 200 pages, that things, after all, may not be as bleak as they look to you.

And, yes, he gives an encouraging advice or two you’ll cherish.

So, let’s see which are they.

Who Should Read “The Freaks Shall Inherit the Earth”? And Why?

Don’t let the childish title fool you: this book is not about children! Well, more or less. Because, if we have to select one group of people who would want to read it, It’s definitely recent graduates. Usually, they don’t know what hits them once they enter the business world.

With this book under their pillows, they may feel that the world belongs to them – instead of working against them. Everyone who feels like the latter and wants to believe the former is welcomed to read this book as well. Especially, if he or she is a freelancer or has some start-up on his/her mind.

About Chris Brogan

Chris BroganChris Brogan is an American author, journalist, and sought-after marketing consultant. In addition, he is the CEO of Owner Media Group.

Recently ranked by “Forbes” magazine as the #1 social media power influencer in the world – ahead of people like Guy Kawasaki – Brogan has consulted everyone who matters in the business, from Disney and Coke, to Microsoft and Google.

He has written nine bestselling books, some of which, like “Social Media 101,” have gained the status of classics.

For anything more, you can reach Brogan at his website: http://chrisbrogan.com/

“The Freaks Shall Inherit the Earth Summary”

So, you dye your hair purple.

Or you read comic books and listen to bands who have neither a Facebook profile, nor a Twitter account.

So, you like foreign films more than domestic ones.

So, what?!

The world of today wasn’t created by those who did things the expected way. It was always moved by non-conformists.

A freak, a weirdo, a misfit, whatever you are: the future awaits you! And, better yet, the present is not as bad as it looks like.

How can that be?

Two words: the Internet.

It has not merely radically changed the world as we know it, but it is also more than guaranteed that it will change the ways we’re doing business once and for all.

And it has changed the ways misfits can take participation in it.

Namely, until not that long ago, the only way for a person to become an entrepreneur was by having a lot of money and lots of connections. Now, because of the Internet, nothing can stop you from reaching a wide and – this is the more important part – right audience.

You see, business never works in isolation. And, until recently, freaks had the problem of fitting in. Can you think of anyone you’d describe as a weirdo who’d be happy to work in a cubicle? Anyone you’d label a misfit who might be interested in saying yes to a well-defined routine? An eccentric who’d be a much-admired sales rep?

Best case scenario, he will evolve to become a lone wolf. An unhappy lone wolf in a company which doesn’t cherish his talent and qualities.

But, now, thanks to the Internet, he can be his own boss.

True, great ideas don’t make great business by themselves. And that’s where “The Freaks Shall Inherit the Earth” comes in handy. It advices newcomers in the business world how to tackle the reality of the corporate world, by taking all the necessary steps to succeed.

First and foremost, it suggests them that success begins with its definition. You can’t be a successful person if you don’t know what success means to you. Because, if you’re running for money and it’s actually serenity that you like – you are bound to be unhappy in the end.

Secondly, you’ve got to prepare the field before starting your business. Entrepreneurs are people who work a lot, and this doesn’t only include researching and formulating business strategies. It also means eliminating all distractions whatsoever.

You can’t be a successful businessman if you hang up on Facebook all the time!

Of course, as good your strategy is, there are numerous things you’ll be unable to predict. Don’t let this discourage you! Entrepreneurs are what they are because, in addition to a great idea and a good business plan, they also have the courage to risk.

So, overcome your fears and start doing. That’s the only way you’ll learn anything.

Finally, just like you can’t exist in a vacuum, your business can’t grow if not publicized. Once again, the Internet is here to help you. A single successful RTM campaign can do wonders.

Just like you can, you, beautiful misfit, you!

Key Lessons from “The Freaks Shall Inherit the Earth”

1.      Dear Misfits, I Need You. The Future.
2.      Business Is About Belonging
3.      Business is Also About Plans

Dear Misfits, I Need You. The Future.

The word “misfit” speaks volumes about the people who feel that way. They are unable to fit anywhere. Consequently, even if they ever had it, in time they lose their interest to and live an isolated life.

However, their heads are filled with great ideas the beauty of the future world depends upon. In fact, the world has been shaped by non-conformists.

So, all you misfits out there, never conform!

Business Is About Belonging

Now, it’s easy to say that misfits can develop start-ups which will change the world. The more difficult part is that their ideas need to be heard. And since the multitudes don’t care about the misfits, it’s of essential importance that misfits contact each other.

Fortunately, they have the Internet to help them.

Because, business is about belonging. And happiness is about not being an outsider. This applies to both your work, and your family.

Business is Also About Plans

However, don’t make any sudden movements!

The Internet makes it easy for everybody to be an entrepreneur nowadays, but it doesn’t mean that you can use it as a magic stick. You should still develop a sound business strategy and plan ahead.

While not letting fears paralyze you. Because, being an entrepreneur is also about being a risktaker. About falling down and getting up.

Freak or no freak.

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“The Freaks Shall Inherit the Earth” Quotes

The people who succeed are the ones who do the work that stands between them and their goal. Click To Tweet Find the people who are the same kind of freak as you and you’ll profit from serving that community in some form or fashion. Click To Tweet Most of what we fear is tied clearly to what we don’t know. If we’re not sure which steps to take, we balk at the process. Click To Tweet The amount of people who will convince you that your idea is wrong usually grows in accordance with how unique the idea is. Click To Tweet My success is built entirely on my ability to fail quickly and then learn and adapt from the results of that failure. Click To Tweet

Our Critical Review

“The Freaks Shall Inherit the Earth” is written in a conversational, easy-to-read tone, aimed at all the freaks and misfits in the world. It starts with a “Guardians of the Galaxy” reference and it ends with a call to declare your freakiness. It’s so down-to-earth that, in addition to URls and Twitter links, it even includes Chris Brogan’s personal email address!

(We’re guessing that Inbox is full at a daily basis!)

It is not exactly Chris Brogan at his personal best. But, Brogan at his usual self is still better than most of the so-called business experts at their best.

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The Tipping Point Summary

The Tipping Point SummaryHow Little Things Can Make a Big Difference

Some say that significant changes don’t happen abruptly. For example, there are internal mechanisms which regulate if the name of a certain actress will become a popular choice among parents or not.

However, Malcolm Gladwell is more a butterfly-effect kind of a sociologist. In his opinion, disruptions happen all the time and they spread around like viruses. Because, just like avalanches, after they reach a certain tipping point, events suddenly turn into trends.

And there are numerous examples which prove this.

Who Should Read “The Tipping Point”? And Why?

“The Tipping Point” was Gladwell’s 2000 debut and, just like many before us have noted, it was, ironically, the tipping point of his career. Suddenly, the “New York Times” staff writer became a name, and that name soon ended up on the cover of four more bestsellers in the two decades which followed.

So, not knowing Malcolm Gladwell today is not too dissimilar from not knowing, say, who Stephen Hawking is. He is another one of those few scientists whose words both matter and resonate among the general public.

Named one of the best books of the decade, “The Tipping Point” is one of those few scientific works which may act like a shortcut for the general reader to the complicated world of scholarship.

Don’t read it only if you want to be left behind. It’s a book for everybody.

About Malcolm Gladwell

Malcolm GladwellMalcolm Gladwell is an English-born Canadian author. He has worked for “The New York Times” since 1996. In 2000, he published “The Tipping Point” which became an instant success.

The book was followed by four more bestsellers: “Blink” (2005), “Outliers” (2008), “What the Dog Saw: and Other Adventures” (2009), and “David and Goliath” (2013).

In 2016, Gladwell created the podcast “Revisionist History,” currently expected to enter its third season.

“The Tipping Point Summary”

The tipping point is the moment when a snowball turns into an avalanche.

It’s the exact instant when a disease becomes an epidemic, when an idea becomes a philosophy. It’s what makes the difference between “oh, this looks nice” and “I got to have it, everyone has it!”

You know when you suddenly start seeing something that you either haven’t noticed before or have noticed it, but didn’t realize its importance?

Well, what happened was that that thing moved past its tipping point in the meantime.

You can’t really pinpoint this moment in time, but you can rest assured that it didn’t necessarily happen because of the inherent value of the thing itself. According to Malcolm Gladwell, epidemics happen because of the opinion of only few people, not because of objective judgements.

Economists call this the 80/20 principle, and it works in other areas, as well. In our case, it means that only 20 percent of the people will do 80 percent of the job.

In layman’s terms:

Michael Jordan wears Air Jordan Nikes? I got to get me some too, right away.

And these 20 percent of the people belong in one of these three categories: connectors, mavens, or salesman.

Connectors, obviously, are the people with the right connections. They know a lot of people around and function as the social equivalent of a hub in a network. They are the people who can link you with the person you want to get to.

Want an example?

Six Degrees of Kevin Bacon. What, you say?

It’s a game based on the principle “six degrees of separation.” Because Bacon has appeared in so many films, participants believe that you can link any other famous person to him in no more than six steps.

Now, turn that around. If so many people rotate around Kevin Bacon, what he endorses will probably resonate much more than what, let’s say, you advocate.

The world is not fair, right?

Mavens form the second group of epidemic-makers. Just like their name suggests, they are some sort of experts. They know many things about many topics, or almost everything about a single one. And everybody listens to them.

Consequently, mavens start “word-of-mouth epidemics” even if they don’t want to. Because, people believe – or have to know – almost every word they say.

For example, you’ve heard something about string theory, right? And how many physics books have you read, again? Also, do you know that that’s just one of the many concepts to explain the birth of our universe?

You can blame this guy for the popularity of string theory. He never tried to force it upon us. He’s just that good that whatever he says – he educates.

Speaking of forcing things upon us –

Salesmen form the third group. They are the persuaders, those loveable, charismatic people you’ll take at their words even when trying to sell you snake oil.  And they’re so good, that even after disproved, they lose nothing of the influence.

Want an example of all three?

Malcolm Gladwell.

First, a maven whose books are bought by millions, and whose talks are attentively listened to by so many more.

Then, a salesman questioned by many sociologists who, nevertheless, are ignored by the general public.

And, finally, nowadays, a connector who mingles with both scientists, celebrities, and ordinary people.

Key Lessons from “The Tipping Point”

1.      he Tipping Point
2.      The Rule of the Few
3.      The Stickiness Factor

The Tipping Point

“The Tipping Point” harnesses the power of sociology to analyze how trends are born. Its conclusion: that trends rarely depend on the objective value of the thing which trends.

The only thing that needs to happen for something to become an epidemic is that something to pass the tipping point, to reach the critical mass of people using it.

So, in other words, it’s not “the thing” which starts an epidemic, but the few people who endorse it.

The Rule of the Few

And these few are, quite literally, few.

80 percent of a trend is created by merely 20 percent of the participants. They can be celebrities, or scientists, or merely “people who know some people at high places.”

Either way, they belong to one of three groups of individuals. They are either connectors, i.e. people who know the right people, mavens, i.e. people who know the right information, or salesmen, i.e. people who are charismatic enough to influence the right people.

And the wheel goes round and round…

The Stickiness Factor

The stickiness factor is something inexplicable which some things have. No matter what you do, they stick in your mind and stay there. Many commercials have this. But, also, some ideas.

Malcolm Gladwell’s – any one of them – for sure.

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“The Tipping Point” Quotes

The tipping point is that magic moment when an idea, trend, or social behavior crosses a threshold, tips, and spreads like wildfire. Click To Tweet Emotion is contagious. Click To Tweet There are exceptional people out there who are capable of starting epidemics. All you have to do is find them. Click To Tweet That is the paradox of the epidemic: that in order to create one contagious movement, you often have to create many small movements first. Click To Tweet There is a simple way to package information that, under the right circumstances, can make it irresistible. All you have to do is find it. Click To Tweet

Our Critical Review

Malcolm Gladwell is a phenomenon: almost everything he writes turns to gold. “The Tipping Point” was published in 2000 and since then he has authored four more books. All five have become “New York Times” bestsellers.

Even more: his surname has turned into an adjective. “Gladwellism.” True, most of the people who use it, use it in a derogatory manner, but many of them have hardly ever set an eye on a book written by Gladwell.

Don’t be one of those who criticize an author without having read the books. Even if you’re not interested in sociology, reading “The Tipping Point” will be a refreshing experience for you. You may not like it, but you’ll hardly be able to remain indifferent to it. We didn’t.

And, of course, the sceptics that we are, we started rummaging through Wikipedia for the referenced studies. Don’t be surprised if you end up doing this as well after finishing “The Tipping Point.”

 

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The Hard Thing About Hard Things Summary

The Hard Thing About Hard Things SummaryBuilding a Business When There Are No Easy Answers

Building a business from scratch is not an easy thing to do. Keeping it in an unstable and rapidly changing market is even harder.

In our summary of “The Hard Thing About Hard Things,” we will present you a brief overview of Loudcloud’s story, and along with it, we will list the qualities you have to possess, and how you should act in times of crisis.

So, let’s begin.

Who Should Read “The Hard Thing About Hard Things”? and Why?

Author of “The Hard Thing About Hard Things” Ben Horowitz is the person who “sailed” the Loudcloud ship through turbulent business waters, before selling it to Hewlett-Packard for $1.65 billion.

In his book, he presents his ideas that not a thing exists in this world that can promise entrepreneurial success.

We recommend this part-autobiography, part guidebook book to everyone who is setting off to build a company or is going through a business struggle.

It may be just the thing you need to persist through the rough times.

About Ben Horowitz

Ben HorowitzBen Horowitz is a general partner and co-founder of Silicon Valley venture capital firm Andreessen Horowitz.

“The Hard Thing About Hard Things Summary”

If you have a start-up, you know it, if you want to have a start-up, you should know it: each start-up faces the struggle.

It is something you cannot avoid.

Unplanned things will happen. You will realize your product has flaws that are expensive to fix. Your finances will run low, and your investors may bail. Customers may leave you. Valuable employees may leave you too.

No exact formula can save you from those unplanned bumps on the road. Moreover, when you do encounter problems, no recipe will tell you how to fix them with certainty.

We have to be honest here; your company may not even make it.

However, what separates entrepreneurs who make it from those who fail is one essential trait. Winners do not quit.

There’s no way around the Struggle and no formula for fixing your problems. Your company might not make it. Entrepreneurs who make it share one characteristic: They do not quit.

If you are in a crisis, you will most probably need to cut your staff. Make sure that when you lay off, you do it the right way. Do not let the word out that you are planning on letting people go – this may cause you many more problems. Instead, fire people as soon as you decide to do so.

Additionally, make the managers deliver the bad news to their employees. Do not outsource the task. Keep being human, and explain to people that it is not their fault that they lost their jobs.

Keep taking care of people.

When Netscape veterans Ben Horowitz and Marc Andreessen founded their cloud services provider Loudcloud, they soon hit a bumpy road.

Seven months after they launched it in 1999 they had booked $10 million in contracts. They were hiring up to thirty employees a month – they did it so fast that workers had to sit in the hallways.

However, the dot-com crash followed. Start-ups were collapsing all over the place, and Loudcloud’s investors started backing out.

Facing such an issue in the private market, the board of Loudcloud decided to take the company public. It was indeed a risky move, and although the company raised money out of the IPO, nobody was celebrating.

The dot.com crisis grew even deeper, and Loudcloud had to layoff 15% of its employees.

Following the layoff, its stock prices fell.

However, as Horowitz built his software company, he never stopped acting. Instead, he responded to each issue he faced with bold moves. In the end, he decided to sell the company, and it was heartbreaking, but now he considers it to be one of the best business moves of his career.

“We’d built something from nothing, saw it go back to nothing again and then rebuilt it into a $1.65 billion franchise.”

You can read more on Horowitz’s journey in “The Hard Thing About Hard Things”.

And now, we move on to the key lessons that we picked out from his story.

Key Lessons from “The Hard Thing About Hard Things”

1.      Getting Through the Hard Times
2.      Running Your Growing Company
3.      What Makes a Leader?

Getting Through the Hard Times

  • “Don’t put it all on your shoulders.”

Remember that you do not have to bear everything alone. Two brains are better than one. More than two is even better.

  • Remember “there is always a move.”

Whenever you think you are out of moves, think harder. You are never out of options and always have a move to make.

  • “Play long enough, and you might get lucky.”

The world changes quite rapidly. Tomorrow may be the day you will find the answer to your problem, so hang on there and survive to see another day.

  • “Tell it like it is

Do not hide all of your issues from your workers. Instead, be open about your firm’s problems and let those who can help – help you.

Running Your Growing Company

If you succeed to grow your organization to a point when you reach 1000 employees, be prepared that it will be a completely different organization than it was in the beginning.

There are some new challenges you will have to cope with:

  • Minimizing company politic
  • Hiring employees with the “right kind of ambition.”
  • Promoting a strong culture

What Makes a Leader?

A leader’s character and behavior have to be a combination of the characteristics below:

  • “The ability to articulate the vision.”
  • “The right kind of ambition.”
  • “The ability to achieve the vision.”

Bear in mind that each quality enhances the others, so make sure you work on all of them, even though you may feel you are stronger in some of them.

To know where you stand as a CEO (if you are one), or how well your company’s CEO performance is, you can ask yourself three questions.

  • “Does the CEO know what to do?”
  • “Can the CEO get the company to do what she knows?”
  • “Did the CEO achieve the results against an appropriate set of objectives?”

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“The Hard Thing About Hard Things” Quotes

Hard things are hard because there are no easy answers or recipes. They are hard because you don’t know the answer and you cannot ask for help without showing weakness. Click To Tweet There are no shortcuts to knowledge, especially knowledge gained from personal experience. Click To Tweet The most important thing I learned as an entrepreneur was to focus on what I needed to get right and stop worrying about all the things that I did wrong or might do wrong. Click To Tweet The first thing that any successful CEO must do is get really great people to work for her. Click To Tweet Even with all the advice and hindsight in the world, hard things will continue to be hard things. Click To Tweet

Our Critical Review

By writing “The Hard Thing About Hard Things,” Horowitz shows that he is not only a successful business person but a first-rate storyteller as well. He teaches readers using a refreshing approach and allusions from real-life famous people such as Jay Z, Dr. Seuss, or Clint Eastwood.

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The Millionaire Fastlane Summary

The Millionaire Fastlane SummaryCrack the Code to Wealth and Live Rich for a Lifetime.

If you are already exhausted by the 40-hour workweek, DeMarco offers a solution.

Regarding prosperity, the world displays same possibilities for each and every one!

Who Should Read “The Millionaire Fastlane”? And Why?

In the world of countless wars, mind games and treachery, people have lost the eagerness to thrive on challenges. Even in such environment, giving up defies the fundamental laws of evolution that we inherited from the animals.

After centuries of struggle and survival, many experts reckon that the economy is finally fully-grown and ready to flourish. With this in mind, our team presents the “The Millionaire Fastlane Summary” and prescribes this amazing book for all persons.

About MJ DeMarco

MJ DeMarcoMJ DeMarco is a highly skilled author, who uses the expertise that he gained throughout his lucrative career in order to produce life-altering concepts. As an entrepreneur and founder Limo.com, he tasted the smell of richness before he reached 30.

“The Millionaire Fastlane Summary”

The tricky part of becoming rich and famous is that nobody knows what even “rich” means! So, before we start sharing thoughts on increasing your income and becoming a Rockstar, define the richness? According to some, the real fortune emerges from immaterial things, so you cannot be absolutely sure of where is this leading.

However, we’ll stick to the basics and instigate a process that money-thirsty individual should follow. Luckiness doesn’t have any substantial role in becoming upper class, despite the collective opinion that endorses such theory. Fate also has minimal influence on this never-ending development.

The bottom line is if you allowed the society to program your mind into believing that wealthiness is something unachievable absent mysterious forces, you need a new teacher! It’s like saying, my life is out of my control – absurd, isn’t it?

Don’t become a victim to your own mindset, decide the future and even if you fail to fulfill your dreams, the next time “luck” will be on your side, or should we say dedication.

To cut a long story short, there is another critical element of growth – the ability to manage your income. Your 100,000 $ + salary or yearly income is not sufficient to avoid bankruptcy.

How many sportsmen and athletes have acknowledged this theory (unconsciously), with a lot higher income than that. Technically, the chances of going broke are inclined towards the financial expertise, you possess.

Or, are you one of those who literally say – better now than never, because no one knows what the tomorrow holds. Instead of living the life cautionary on full alert, they choose to spend their earnings, = the spending Fastlane.

If you haven’t heard the thesis – Get a college degree, find a good job and then years later, you can enjoy the retirement stage; you are not out of this world. In practice, life doesn’t unfold according to some restricted strategies and long-term plans.

Investing your earnings is probably the only factor that truly opposes this idea. Let’s move slowly to unveil all hidden dangers.

First things first, never forget about the devastating effect of inflation. It’s possible that after all those years, your savings and money will decline in value, and you’ll receive only a small portion of your actual investment.

According to experts, formal education is perhaps the biggest culprit that is forcing you to think in a predictable manner. Such conventional behavior speaks against getting rich! After digesting all the knowledge, it’ll be quite hard to fly in the face of the “traditional” mindset.

Your out-of-box thinking patterns will end up buried, and your creativity questioned. In finance, this can be interpreted as an ability to calculate ROI or Net Present Value, but lacking critical thinking skills to handle thorny situations.

By now, you are starting to grasp what hinder professional growth, and how to confront these factors. These strategies executed by inexperienced individuals can endanger your capital.

In general, to really move one step closer to prosperity, in a race against time, one must become financially independent. Any independence comes at a price that not all of us are willing to pay. Raise the bar, and put in place various strategies that can help the process of diversification.

As an illustration of the DeMarco’s testimony, we can record that becoming rich doesn’t occur in a blink of an eye. It takes years of experience to develop the expertise where you can cope with any financial pressure, both internal and external. Your financial capabilities don’t make you wealthy if you lack the knowledge to manage such substantial amount of capital.

Such guidance and mastery are hard to find, but remember “Rich” = Guts, not knowledge!  

Key Lessons from “The Millionaire Fastlane

1.      The market hasn’t got any special requests
2.      The economy and its deliverables
3.      The ability to see behind the curtain

The market hasn’t got any special requests

In front of the eyes of the economy, we are all equal. Every deal must be concluded with utmost sincerity and awareness. After a thoughtful plan is designed, any company can facilitate the processes which contribute to the making of a diversified portfolio.

The economy and its deliverables

Freedom is the most desirable outcome, but a certain risk comes with it – in a subtle form. MJ DeMarco totally agrees that money isn’t the only aspect of happiness, but sure is essential.

Nurturing relationships, taking care of your body, having close contact with your relatives are some of the elements no capital can purchase.

The ability to see behind the curtain

Let’s jump to marketing. When you watch a catching ad displayed via Facebook for example, what are your first thoughts? – Instead of thinking about the invention, your main concern is what will this product give or generate. Such restricted mindset act as a “death sentence” in the hostile entrepreneurial community.

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“The Millionaire Fastlane” Quotes

Time isn’t a commodity, something you pass around like a cake. Time is the substance of life. When anyone asks you to give your time, they’re really asking for a chunk of your life. Click To Tweet All events of wealth are precluded by process, a backstory of trial, risk, hard work, and sacrifice. If you try to skip process, you’ll never experience events. Click To Tweet There’s a profound difference between interest and commitment. Interest reads a book; commitment applies the book 50 times. Click To Tweet If millions seek you, you will be paid millions. Click To Tweet Stop thinking about business in terms of your selfish desires, whether it’s money, dreams or “do what you love.” Instead, chase needs, problems, pain points, service deficiencies, and emotions. Click To Tweet

Our Critical Review

From top-to-bottom, we felt the pull from DeMarco’s fantastic ideas. In truth, not many books covering management, or entrepreneurship are able to bring something new to the scene as “The Millionaire Fastlane” does.

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The Now Habit Summary

The Now Habit SummaryA Strategic Program for Overcoming Procrastination and Enjoying Guilt-Free Play

Have you ever been on the verge of defeat? – If you answer is Yes – that’s fine if it’s No, you are lying.

In either case, we summarize only the most essential topics that can give you the inner edge to come out a winner in any “harsh” environment.

Who Should Read “The Now Habit”? And Why?

This is one of those inspiring, and life-altering non-fiction books, which tend to get too personal. It makes you aware of the danger, if you ever become the victim of your mindset, and gives you tips on how to overcome such overwhelming force.

In addition, it’s highly recommended to all people, who are tired of being enslaved by their thoughts.

About Neil Fiore

Neil FioreNeil Fiore is a well-known author, motivator, and psychology superstar. Over the years he became a productivity expert and master in all elements linked to performance.

In his rich career, he has collaborated with top-notch brands such as Bechtel Corporation, AT&T, Levi Strauss & Co, etc.

“The Now Habit Summary”

Procrastination is a highly unfamiliar term that actually represents the difference between progress and stagnation. In general, Neil Fiore explains it through several examples. For instance, surfing all day long, or spending time on Facebook, instead of doing something that can ultimately produce value is procrastination.

Some people reckon that lacking productiveness indicates the same point, but as we move slowly you’ll grasp the contrast. Doing your chores, going shopping, or painting; only make sure that you are not laying around and doing absolutely nothing.

Believe us, when we say, there is never nothing to be done. A simple phone call just to say hello is sufficient to start the day in high spirits.

By now you surely have a clue of what we are trying to convey and why are we dispatching this message to the world! The bottom line is, there is not a single person in this world, who was born lazy, absent skills, talent, and will.

It’s evident that we procrastinate most often while we are at work, or something similar to it. As we mentioned, instead of going for the “Golden Globe,” – you are making excuses to avoid fulfilling the assignments for today.

Let’s reveal three characteristics of the highly avoided types of tasks that make people sick:

  • The most common aspect, when a job has been assigned to you but comes with a heavy load like fulfilling someone else’s expectations and neglect yours.
  • Second, when the task you are about to do is incredibly dull. From the beginning, you don’t feel the pull from it, and you are not motivated to go all the way through.
  • And the worst of all, you have no idea why are you being selected for the job.

You mustn’t sidestep any phase if you wish to understand why are we inclined to believe that some people are destined to be less productive. Returning to the roots is job number one.

How many times did your parents punished you as a kid for not fulfilling your duties or vice versa (you’ve been given a reward)? From the other perspective, if your child doesn’t obey your rules, and continues to be stubborn, you should teach him/her a lesson or not?

Kids are intuitive, pushing them harder won’t produce the expected results, and years later you’ll realize that you’ve made the wrong call. As a matter of fact, this method is a pitfall, and using it will only generate a counter-productive outcome.

How did the “grown-ups’ world” make us lethargic, and inactive? There is no other explanation then the one – We acquired the “lazy-skills” under the patronage of adulthood.

The society unintentionally has produced a system in which, work and playfulness cannot act as one. Instead, they collide and are presented as two opposite realities. The kids from very young age, absorb these harmful concepts and implement them later.  

Once the children are infected with this “virus,” it’s natural that they seek employment and find it okay when their job doesn’t match their potential. People continue to interpret work as some survival tool, and entirely disregard the idea of converting your hobby into a daily job.

Is it possible to be errorless? Not even the Greek Gods had that power. Why are we referring to perfectionism? Procrastination is deeply rooted in perfectionist’s mind. The trust you develop in your workplace with your colleagues or yourself must only serve as an incentive for future successes.

You cannot be perfect, no matter how you try it. Even in the digital age, some bosses or leaders are too concerned with every little detail and shout at even the slightest mistake. These individuals are 10x more prone to failure then gentle and calm leaders.

Key Lessons from “The Now Habit

1.      You are responsible for yourself
2.      The right spell of success
3.      Be courageous and go for glory

You are responsible for yourself

First things first, being a victim of injustice, and judgemental attitude should only make you stronger.

At all costs, you must avoid becoming a whiner who looks for a guilty party for every professional failure. Break that self-created, invisible wall, and build your own platform of success!

The right spell of success

The other side of the story; from the shadows of procrastination a new type of personalities emerge who have a clear vision, and the guts to follow it. They don’t say – I know, they say I wish to learn!

They avoid saying – It’s my time; they prefer: When is best to start putting my ideas into action?

Be courageous and go for glory

The ultimate truth – No try = no fail. Absent attempts you’ll be deprived of two things: personal development and professional enhancement. So, think twice, before you judge yourself on every temporary failure.

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“The Now Habit” Quotes

There’s a myth that time is money. In fact, time is more precious than money. It’s a nonrenewable resource. Once you’ve spent it, and if you’ve spent it badly, it’s gone forever. Click To Tweet In most cases, you are the one who confuses just doing the job with testing your worth. Click To Tweet The healthy individual has an appetite for fruitful activity and for a high quality of life. Click To Tweet Replace “This project is so big and important” with “I can take one small step. Click To Tweet In extreme cases of perfectionism, there is no distinction between judgment of one’s work and one’s sense of value as a person. Click To Tweet

Our Critical Review

The Now Habit is a perfectly designed book for the digital age. It’s hilarious even to question the ideas of it, and we completely support and endorse Neil Fiore’s theory on productiveness.

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The Death of Money Summary

The Death of Money SummaryThe Coming Collapse of the International Monetary System

Cracks in the economy are characteristic for every country. You cannot escape the massive impact of potential crashes and collapses.

In today’s book summary, we outline why and how should the world solve such pressing matters.

Who Should Read “The Death of Money”? And Why?

The Death of Money” comes at the right money, to warns us of the danger lurking ahead. The world rolls towards another major economic blow caused by various factors.

In this book you’ll get the idea of how dangerous the situation actually is; it’s best-equipped for people who have at least elementary economic understanding.

About James Rickards

James RickardsJames Rickards is an American expert in law and wrote numerous articles and books based on finance. He is the author of Currency Wars, The New Case of Gold, The Road to Ruin and The Death of Money.  

“The Death of Money Summary”

It’s never good to look back at life, but recalling the economic elements which caused the crisis in the 30s and recent history 2008, can produce a trace we ought to follow.

Some experts can say with some confidence that we rose above the temporary blow and managed to save our economy. However, many people are skeptical, because it’s too soon to tell.

Only a few centuries ago, our ancestors paid for their desired goods and other commodities in pieces of silver and gold. From the start of the 20th century, almost anywhere in the civilized world, the governments issued a decree from which the project of “paper” money was launched.

Such initiative reinvented the way of doing business and managing transactions. In truth, the money we use doesn’t have a real worth; the actual value derives from the state regulate.

After the 1973 oil crises, the world realized that the governments through their legal representatives could not “order” the bankers to stabilize the currency. It was literally impossible, since the monetary policy lost its grip, so the world economy entered into e process of never-ending fluctuations.

Even cyber-attacks can produce such damage, even leading to total state bankruptcy.

In addition to the previous statement, we highlight the financial warfare as a new battlefront for world dominance. There are two types of it: offensive and defensive.

The offensive financial warfare means to provoke or instigate a reign of fiscal terror on foreign markets and threaten the country’s economic prosperity. Such stock frauds occur behind closed curtains.

The defensive financial warfare is acting in defense of free capital markets, or devise a strategic plan to retaliate against the institutes or organizations which have caused the worry.

According to many forecasts, the upcoming years are going to be tough for investors. The investment climate is gradually creating a bubble and endangers the investors’ funds. If the Chinese market falls or declines, all the potential and current investors would have their money stuck in fruitless projects and operations.  

Let’s expand on how to avoid being in that bubble:

The American dollar as a currency is not too secure as it once was. Many countries, especially the OPEC states are questioning the over-reliance of it and want to reduce the state reserves.

Although most of the trades on a global scale happen to involve the dollar, yet many superpowers like (China and Russia) don’t want to be enslaved by foreign country’s monetary policies due to inflation possibility.

Even today, politicians use the same methods intentionally to ease of the state’s debt. The currency value, can practically absorb the deficit but at what cost?

People will lose faith in the currency making it less valuable, which can lead to a financial collapse. A terrible price to pay for “irresponsible spending”!!

By now, you are aware that the dollar is in big trouble as the global reserve currency. To prevent a disaster, the world bankers must develop a long-term plan to handle the fluctuations.

So, what exactly can the banks do?

In recent years, one more quasi-currency has been developed to act on behalf of the IMF (International Monetary Fund) – the Special Drawing Rights or the SDR. IMF lends capital to third world countries in particular, but now the option is to rely on a self-made currency – more secure than the “green stuff”.

In general, this idea will allow countries to use the SDR in order to conduct transactions and swap or exchange currencies between them. This would ease of the process and set in motion real FREE-CAPITAL-MARKETS.

Even the U.S. representatives don’t oppose this idea, in fact, they think it would lead the American Economy in the desired direction.

Key Lessons from “The Death of Money

1.      The threat of inflation
2.      The famous claim
3.      The value of diversification

The threat of inflation

Inflation is pretty common term in economic circles. The Weimar Republic suffered a loss in the WW1; their substantial military debt had risen to unmeasurable standards. Such significant amount had to be repaid.

They caused hyperinflation to handle the massive reparations and brought the world to its knees in order to reduce it.

The famous claim

Warren Buffett openly discredited the value of gold and challenged all those investors who believe in it. Several years afterward, the global monetary system realized the mistake and gradually began to withdraw from the long-year partnership.

The value of diversification

Although there are thousands of ways to diversify your portfolio, it’s best if you apply some reliable tactics. Keeping 20% in gold bars and 30% in cash is a standard ground rule for investors. The other 50, you divide between arts, hedge funds, insurance, and real estates.

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“The Death of Money” Quotes

In our time, the aureate has become brazen—the golden has become brass. A return to true value based on trust is long overdue. Click To Tweet The economy is like a high-altitude climber proceeding slowly, methodically on a ridgeline at twenty-eight thousand feet without oxygen. On one side of the ridge is a vertical face that goes straight down for a mile. On the other side is… Click To Tweet SDR issuance can be viewed as “test drive” prior to. Click To Tweet Workers receive raises in nominal terms, while wages adjust downward in real terms. This is a form of money illusion or deception of workers by central banks, but it works in theory to lower real unit labor costs. Click To Tweet A gold standard is the ideal monetary system for those who create wealth through ingenuity, entrepreneurship, and hard work. Gold standards are disfavored by those who do not create wealth but instead seek to extract wealth from others… Click To Tweet When it comes to betting on a sure thing, greed trumps common sense and makes the bet irresistible. Click To Tweet

Our Critical Review

If you are open to finding out the truth, then there is no better way to do it, then to read “The Death of Money.”

In this case, the truth refers to the troubling economic times that lay ahead of us. In our opinion, this book deserves all the praises.

 

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So Good They Can’t Ignore You Summary

So Good They Can’t Ignore You SummaryWhy Skills Trump Passion in the Quest for Work You Love

People will not stop telling you to follow your passion.

It is a romantic notion, really, but it is always smart?

In our summary of “So Good, They Can’t Ignore You” we tell you why following your passion is not always a good idea, and how you can find work you love without making rash moves.

Who Should Read “So Good They Can’t Ignore You”? and, Why?

In “So Good They Can’t Ignore You” Cal Newport discredits the contemporary myth that following your passion always leads to happiness and success.

In his theory, he takes the “road less traveled by” and argues that pursuing your passions most of the time will lead to disappointment and an undeveloped skillset. Instead, he suggests that you will be much happier if you develop your skill set and career capital in the job you have. By doing that, you will become better at what you do and start loving it as a result.

Using case studies and stories of successful people to illustrate that success can only come with hard work and refining of the craft.

We recommend this book to all readers who are willing to work hard and find the more realistic way toward career advancement.

About Cal Newport

Cal NewportCal Newport is a writer and a professor in Georgetown University’s computer science department.

“So Good They Can’t Ignore You Summary”

There comes a time in life when most people think about quitting their current job position and start pursuing their passions.

Many writers and contemporary speakers have influenced people to follow their passions, promising them that if they do so, success is an inevitable outcome.

However, such a notion is an illusion. It does not take into consideration hard work and ignores the importance of developing valuable and hardly replaceable skills.

In fact, happiness is not related to passion, but to workplace longevity.

What do we mean by that?

Well, the longer you do a job, the better you become at it. Some theorists argue that to become great at what you do, you need to practice the craft for at least a decade. Hence, you cannot develop skills if can’t hold a job for some period. Moreover, when you become good at something, you start to enjoy doing it.

Furthermore, the longer you work at a particular company, the higher the possibility to develop relationships with your colleagues which will also lead to work-centered satisfaction.

We currently live in a “passion-centric” era where people are blindly following their passions, without understanding precisely what they need to turn their dreams into reality. However, the statements above discredit the theories that to be happy – you have to follow a pre-existing passion.

Instead, you can become passionate about what you currently do, by developing your skill set and creating bonds with the people you work with.

The truth is the reality that you face when you follow your dreams rarely matches the fantasy. Of course, there are exceptions.

But, let’s be honest – not everyone can be an exception.

Key Lessons from “So Good They Can’t Ignore You”

1.      Be So Good They Can’t Ignore You
2.      Turn Down a Promotion
3.      Think Small, Act Big

Be So Good They Can’t Ignore You

People who feel the need to follow their dreams often wish for independence and seek creativity. However, nothing comes at no cost. Thus that level of autonomy requires hard work and many sacrifices.

Job freedom comes at the highest levels and only to those who have shown that they possess crucial skills and an ability to lead.

To achieve such freedom, you have to become so good that those who promote employees cannot ignore you.

You have to be ready, however. Acquiring career capital is not as glamorous as you may think. You will most probably need to make numerous sacrifices.

So, before starting out, recognize that hard work is a fundamental ingredient to success.

Turn Down a Promotion

Sometimes, when you make nontraditional professional decisions, you will face skepticism and advice from people all around you.

Take for example turning down a promotion to go back to classes, or turning down a high-salary position for an internship that gives you valuable skills. People will surely protest!

Be ready to encounter resistance each time you use unorthodox methods.

However, even though people around you will think that you are moving a step back, stay true to yourself and your knowledge that acquiring career capital will lead to success in the long haul.

Think Small, Act Big

Whenever you decide to pursue a career, know the value of your mission. When we said that you should not follow your passion, what we meant was that you should not follow it blindly.

You should always go for the things you love, but not before you ensure that you have the right career capital and possess the right skills. Only then you will be able to thrive.

Beginning with a big picture is a mistake people commonly make. Do not start from scratch. Instead, work on smaller ideas and move step by step towards the big picture.

By doing that you will feel less pressure and let your big idea take shape by itself.

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“So Good They Can’t Ignore You” Quotes

Most jobs don’t offer their employees great creativity, impact or control over what they do and how they do it. Click To Tweet Working right trumps finding the right work. Click To Tweet How can we follow our passions if we don’t have any relevant passions to follow? Click To Tweet Become good at something rare and valuable, and then invest the career capital this generates into the type of traits that make a job great. Click To Tweet When deciding whether to follow an appealing pursuit that will introduce more control into your work life, seek evidence of whether people are willing to pay for it. Click To Tweet

Our Critical Review

Cal Newport gives a different point of view on what are the valuable things when developing a career for yourself. He does a great job at getting his points across, gives recaps of his main ideas for the reader to remember them, and teaches valuable and practical lessons.

Overall, “So Good They Can’t Ignore You” is a book with a captivating premise and excellent execution.

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The End of Jobs Summary

The End of Jobs SummaryMoney, Meaning, and Freedom Without the 9-to-5

Globalization destroys and rebuilds everything that is being done up to now.

In this book summary, we sympathize with Taylor and share his thoughts on this intriguing, unresolved question.

Who Should Read “The End of Jobs”? And Why?

Sometimes we fail to identify the reason that causes economic downfall. We as a society have come to an understanding that the economy is not developed on “facts” but predictions.

If you are more of a passionate knowledge seeker, “The End of Jobs” will not suit your thinking patterns, but if you are more on the risky side, get ready for a bumpy ride.

About Taylor Pearson

Taylor PearsonTaylor Pearson is young and eager “job” expert, who held meetings with entrepreneurs from all around the world.

He displays the same techniques, not paying too much attention to the industry or size of the company.

“The End of Jobs Summary”

Perhaps, there is not a single soul on this planet, that hasn’t been told that school is the only route to getting a job. As far as Taylor Pearson is concerned, these criteria must not be taken for granted – as we will expand on this, later on.

Regardless of the reasons, the proper education act as a beacon of hope in the “harsh” society.

But what has inflicted change?

Under the feet of globalization, everything trembles. Don’t get your hopes up, because even though the digital age offers bigger and better possibilities, this often comes at a high price. We can forget about financial security since the days of working half a century for a single company are also long gone.

From an economic standpoint, it’s relevant whether we are prosperous or not. The recession has been an integral part of growth, ever since we felt the destructive power of the Great Depression.

If you lack the expertise to contribute to this never-ending debate, no worries – listening to Goldratt is just as good as reading a book in order to understand every system. Think of it this way, whatsoever built is designed for some purpose, but it also draws the strings of restriction.

A huge part of the human evolvement is being put in several highly-effective systems, pick one, analyze it and you’ll have a clue of what’s been discussed.

In the middle of the expanding agricultural revolution when English landlords including the King protested against the Pope, they subconsciously marked the beginning of a new way of life.

How did the Vatican lose all the power in Britain?

Whosoever controlled the lands, controlled the economy. When King Henry VIII deprived Rome of the lands and pointed himself as the head of the church, the Pope lost its reign.

Three centuries afterward, European bankers, started growing in both numbers and domination. Even the kings, couldn’t go to war or implement reforms without their approval. As you can see; the limits are prone to change.  

This trend continued before during and after the devastating WWII. The economic boom, which started after the defeat of Nazi Germany, set the foundations for a new system. In such regards, the economy established a new group of job-seekers and caused an unpredictable turn of events.

People born in the U.S. somewhere between the 50s and 60s can give you their thoughts on the vast economic expansion and upside potential in those days. They even received a nickname – the baby boomers.

It was like, a job awaited you behind every corner – literally. No period in history was as prosperous and beneficial for the citizens as that one. According to many statistical factors, the demand for qualified workers and intellectuals grew almost twice the population in the second half of the 20th century.

The market growth followed by a competent workforce created the previously mentioned baby boomers. From today’s standpoint, people remember the era of –  get a college degree and wait for a call.

The next day you are at your desk. Such an example, serve as an illustration and reflects how easy it was to get the desired job with the right credentials.

When the medieval nobles and lords, demanded from the people to work on their lands in order to receive their fair share of the outcome, they obeyed. Their mindset was fixed on survival. As soon as someone created a new system, an entrepreneurial spirit emerged, and innovation took place, all shifted.

The economy has always been at the mercy of creativity and ingenuity. In the 21st century, each entrepreneur lacking the “aha-moment” is more prone to failure than the one who always thinks of an improvement.

Even the employers have a broader range of information, including the ability to hire experts from various industries for lower wage expectations. It’s beneficial both ways. 

Key Lessons from “The End of Jobs

1.      The era of having a secure job position is over.
2.      The thing of the future
3.      Ever-lasting improvements and enhancement

The era of having a secure job position is over.

If you don’t understand the market fluctuations and believe that your job is 100% secure, you are doomed to failure.

The economy doesn’t provide extra space for people who are not aware of its inconsistency and modified essence.  

The thing of the future

For instance, if you plan to hire a programmer, it will cost you around 70 – 90, 000 $ a year. However, with the help of technology, you can now consider lowering your costs by hiring experts from other countries who can do the same amount of work for a third of the price.  

Ever-lasting improvements and enhancement

Costless communication via Skype or other devices can sidestep all geographical boundaries. Talented people are no longer stuck to work and operate in their area since the age of possibilities knocks at our doors.

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“The End of Jobs” Quotes

While our first instinct is usually attempting to push harder, it’s more valuable to figure out where to push. Click To Tweet Because of the qualitative and structural changes to the economy, it’s getting harder to find jobs, they’re riskier, and they’re less profitable. Click To Tweet If you do things that are safe but feel risky, you gain a significant advantage in the marketplace. Click To Tweet A few major opportunities, clearly recognizable as such, will usually come to one who continuously searches and waits, with a curious mind loving diagnosis involving multiple variables. And then all that is required is a willingness to… Click To Tweet Happiness is a condition which can be prepared for and cultivated. It’s that ability to control our own inner experience that will determine the quality of our lives. Click To Tweet

Our Critical Review

Despite your current standings and progress, we firmly believe that “The End of Jobs” is a book that opposes the necessary machinery for reaching success.

If you are open to grasp the intention of an unbiased investigation, then don’t hesitate.

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Will It Make the Boat Go Faster Summary

Will It Make the Boat Go Faster Summary

Olympic-winning Strategies for Everyday Success

Nowadays, it’s all about winning. Life is a competition and you’re nobody if you don’t win once in a while. Now, who would you rather have educating you how to win: a regular teacher or an Olympic gold medalist?

Will It Make the Boat Go Faster” is a book written by one. Bonus: he won the gold medal by being part of a rowing team.

So, you can learn from him how to win, regardless of whether you’re a lone wolf, or a part of a large corporation, and irrespective of whether you are a staff member or a company manager.

Let’s get right to it!

Who Should Read “Will It Make the Boat Go Faster”? And Why?

Every so often, a sports analogy appears in a celebrated business book. This is because sports are great for analogies.

“Will It Make the Boat Go Faster” builds on this and it may be a useful book for anyone building a business strategy. But, ultimately, it will be more interesting to those who dream of becoming Olympic champions.

About Ben Hunt-Davies and Harriet Beveridge

Ben Hunt-DavisHarriet BeveridgeBen Hunt-Davies is a former British rower turned author and performance expert. He won an Olympic gold medal at the 2000 Sydney Olympics, as part of the first British rowing team to do so since 1912.

Harriet Beveridge is a performance and executive coach. She is the content writer for the online version of this course: https://www.willitmaketheboatgofaster.com/

Will It Make the Boat Go Faster Summary

No surprises here:

If you want to be a winner, set your goals right and set them from the start! And never forget that whether you’re going for a gold medal or for an employer of the month award, that it’s a marathon and not a sprint. So, split your goals into smaller chunks.

Olympians do this as well.

Hunt-Davies says that they split their goals into four layers: the crazy, the concrete, the control, and – no, it’s not another “c” – the everyday layer.

The crazy layer of your goal is, obviously, the outrageous one. And you can’t go much crazier than setting a goal to win an Olympic gold medal.

Of course, this is one of those goals which are basically going to float up in the air, driving you mad and making you feel much like Tantalus.

Unless you have a sound foundation.

That’s what the concrete layer is all about. The concrete layer is where the crazy layer becomes specific. So, winning a gold medal results in rowing 2km in 5 minutes and 18 seconds. That’s the world record and you’ll certainly get a gold medal with that time.

But, specific is not enough. You need to be in control of your goal as well.

And that’s the third layer. It means separating what you can from what you can’t control. You certainly can’t control the weather, for example, but you can control how often you would train.

And that brings us to the fourth and last layer: the everyday layer. Just like the second did for the first layer of your goal, the third does for the fourth one: it makes the control layer more specific. You can train every day, but now decide how much you’d train daily.

And start climbing the ladder from here to the top!

But, while doing it, make it at least somewhat entertaining. For example, training five hours a day is boring, but training with music isn’t. Dieting is not as much fun as eating chocolates, but signing up for pole dancing is fun and will help you get fitter as well.

Life’s not worth living if it isn’t fun. Can you spend a decade of your life doing things that aren’t entertaining? Of course, you can’t. And you shouldn’t.

Point taken.

Time for another: this all works well if you’re alone. If you’re part of a team, it’s merely the beginning. Because in a team, you will have to sacrifice your ego immediately. A great Navy captain thinks this. Disney more than approves it. And Olympians back it up.

There’s no “I” in team, you see, and, consequently, there are no several differing goals, but a single common objective. In its absence, there’s a team only on paper. In practice, there are still few people competing one against each other.

If that doesn’t spell defeat, what does?

Speaking of defeats –

This is probably a good place to tell you that, on your road to greatness, there will be many. The point is to look at them as necessary steps to victory. Gradually, you’ll learn to soften the blows. Until, one moment, you become all but invincible.

Here’s an example:

You’re stuck in a traffic jam and late for a meeting. What do you do? Do you: a) start shouting at everybody and spent the first ten minutes of the meeting apologizing and talking about the traffic? or b) take a deep breath, accept the fact, and call the office to tell that you’re going to be late?

Of course, the rational answer is b. But, remember that – the next time you’re in a traffic jam. Soon enough, you’ll never be in a hold-up.

Get it?

Key Lessons from “Will It Make the Boat Go Faster”

1.      Split Your Goals into Four Layers
2.      There’s No “I” in Team
3.      It’s Riskier Not to Risk

Split Your Goals into Four Layers

The main lesson of “Will It Make the Boat Go Faster” is this one: whenever you have a goal, you have to split it in at least four layers.

The crazy one is for the objective you can only daydream about. The concrete one is for specifying this objective into measurable quantities. The control layer is for deciding what you can, and what you can’t influence. Finally, the everyday one is for your day-to-day training program.

That way, you can achieve crazy heights by simply doing everyday things.

There’s No “I” in Team

This is an old adage and you probably already know it. But, it’s important to repeat it. Because, teams are built around common objectives, and because no team of brilliant individuals will ever win unless they decide to think and work as one.

So, site down and take notes: speak to every member of your team and decide together on the shared objective.

It’s Riskier Not to Risk

It’s paradoxical, but it’s true: if you don’t risk, you’ll lose nothing. But, you’ll win nothing as well. And you only live once.

On second thought, we’ll let Mark Twain tell you something about this: “Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do. So, throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails.”

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“Will It Make the Boat Go Faster” Quotes

A goal is simply where you are going. Click To Tweet Whatever our goal is, if we are aware of what we want, then it’s much easier to work towards achieving it. Click To Tweet The stronger our belief in goals, the more likely we are to get off our backsides and build them. Click To Tweet When we have a clear goal, it acts like a magnet drawing us forwards. Click To Tweet Research suggests that we tend to regret what we haven’t done much more than what we have done – even if we screwed up in doing it. Click To Tweet

Our Critical Review

“Will It Make the Boat Go Faster” is called a book written by winners – for winners. This is true, but only if you are a bit more specific. Not that the book isn’t great, but we guess it’s more about Olympians than for regular people.

Because, business-wise, there’s nothing really new here other than some real-life examples which – forgive us for saying – are for superhumans.

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