Business owners must make decisions that non-business owners will never face.
The next time you are tempted to be an arm-chair quarterback about business decisions, ask yourself one question, “How am i qualified to question business decisions when i’ve never run a successful business?”
An armchair quarterback, in case you don’t know, criticizes what a quarterback didn’t do and should have done. And the critique is launched from a comfy living room chair with the benefit of multiple wide-screen camera angles and instant replay.
And we all have blind spots about how other people’s lives are similarly played out.
PS. Everyone is going through a hell no one else knows about.
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What has historically been the best long-term investment strategy?
Brand Love. Not brand loyalty. When customers and the economy support a brand, it is reflected in the stock price. Companies that thrive, long-term, behave admirably and offer the world something it can’t get enough of.
This can also be applied to your personal brand at work, at home, and in your community.
I travel a fair amount, as a professional speaker and as Family man.
There’s never enough time in my life to do all the things I want, or need, to do. Therefore, it’s imperative that I prioritize. Otherwise, I may accomplish something that doesn’t matter, or worse yet, not do something that really does.