Wednesday, September 23, 2009
You know what, I have been going to Orchard every week, sometimes 2 trips there but I have not even walked into Ion or Orchard Central, only walked past them...
Just Finished reading this great book, Living the 80/20 Way, by Richard Koch. You know what is it meant by 80/20? It means 80% of the results, outputs or effects are produced by the 20% of the people, natural forces, economic inputs.
Dun agree with me?
5 people sit down to play poker, It's likely that one of them - 20% - will walk away with at least 80% of the stakes.
In any large retail store, 20% of the sales staff will make more than 80% of the dollar value of sales.
Crimes statistics repeatedly show that about 20% of thieves make off with 80% of the loot.
We often find an even more exaggerated picture than 80/20 where far fewer than 20% of people or causes, in some cases as little as 1% or less, lead to at least 80& of results. Here are some winky causes;
In Indonesia in 1985, Chinese residents comprised less than 3% of the population, but owned 70% of the wealth. Similarly the Chinese are only a third of Malaysia's population, yet own 95% of its wealth. In Mauritius, French families make up only 5% of the population but own 90% of the wealth.
Out of 6700 languages, 100 - the top 1.5% - are used by 90% of the world's people.
Far less tha 20% of the Earth's surface produces 80% of its mineral wealth.
A very small % of meteorites falling to earth produce more than 80% of the damage.
Whereever you go, fewer than 20% of clouds will produce 80% of rain.
Thursday, September 17, 2009
“I’m very sorry,” responded the night clerk. “We’re completely full and so are all the other hotels in the area, but I can’t imagine sending you out into the storm again. Why don’t you stay in my room?” the young man offered with a smile. “It may not be a luxury suite, but it’s clean. I need to finish my bookkeeping here in the office.”
The distinguished-looking man and woman seemed uncomfortable, but they graciously accepted his offer. When the gentleman went to pay the bill the next morning, the clerk was still at the desk and said, “Oh, I live here full time, so there’s no charge for the room. You don’t need to worry about that.”
The older man nodded and said to the clerk, “You’re the kind of person that every hotel owner dreams about having as a staff member. Maybe someday I’ll build a hotel for you.” The hotel clerk was flattered, but the idea sounded so outrageous that he was sure the man was joking.
A few years passed and the hotel clerk was still at the same job. One day he received a registered letter from the man. The letter expressed his vivid recollections of that stormy night, along with an invitation and a round-trip ticket for the hotel clerk to visit him in New York.
Arriving a few days later in Manhattan, the clerk was met by the distinguished gentleman at the corner of Fifth Avenue and Thirty-Fourth Street, where a magnificent, new building stood.
“That,” exclaimed the man, “is the hotel I’ve built for you to run! I told you at the time that it might happen and today you can see that I was serious.”
The clerk was stunned. “What’s the catch? Why me? Who are you anyway?” he stammered. “My name is William Waldorf Astor. And there is no catch. You are the person I want managing this property for me.”
That hotel was the original Waldorf Astoria, and the name of the young clerk who accepted the first managerial position was George C. Boldt.
This is a true story, and there’s a personal message in it for us. Why do we need a benefactor to come along and make us believe in our dreams? How is it that an outsider can perceive more potential in us than we can sometimes see in ourselves?
Usually, we hold ourselves back because of a little voice from the child of our past that recalls foolish mistakes we made or rejections we experienced. Don’t listen to those doubts and fears.
This week, don’t put your big dreams on layaway. Focus on believing you are worth the effort.
Five Secrets of Great Innovation
So what does it take to succeed with a great new product? Business expert Steven D. Strauss offers this advice:
1. Think of things that never were and ask, “Why not?” Bobby Kennedy’s famous motto is an apt description of the first ingredient necessary to create a successful new product. Terrific products come from terrific ideas.
2. Tap the power of one: Whatever successful product you look at, you will invariably find there was some man or woman steadfastly committed to its success. Ed Lowe was nothing but a young, ambitious veteran with tons of unsold clay when he decided that he had a better cat litter. He single-handedly invented a new industry.
3. Keep it simple: If you are going to offer something new and improved, make sure it’s simple and does one or two things very well. People famously cannot program their VCRs, but they don’t have to program their DVRs.
4. First is best. Getting your product to market first can mean the difference between having a winner and being a loser. Post-its were first. Pampers were first.
5. Try, try again. When Dr. Percy Spencer noticed that the chocolate bar in his pocket melted after standing near a magnetron tube, he realized something unique had occurred. Yet it would take almost 20 years of trial and error before Raytheon could turn that into the first microwave oven.
Read more from Steven Strauss on Innovation and Creativity.
Thursday, September 10, 2009
Moving from Procrastination to Proactivation
Here are some ideas to help make you a victor over change rather than a victim of change:
Set your wake-up time a half hour earlier tomorrow and keep the clock at that setting. Use the extra time to think about the best way to spend your day.
Memorize and repeat this motto: “Action TNT: Today, not Tomorrow.” Handle each piece of incoming mail only once. Answer your e-mail either early in the morning or after working hours. Block out specific times to initiate phone calls, take incoming calls, and to meet people in person.
When people tell you their problems, give solution-oriented feedback. Rather than taking on the problem as your own assignment, first, ask what’s the next step they plan to take, or what they would like to see happen.
Finish what you start. Concentrate all your energy and intensity, without distraction, on successfully completing your current major project.
Be constructively helpful instead of unhelpfully critical. Single out someone or something to praise instead of participating in group griping, grudge collecting or pity parties.
Limit your television viewing or Internet surfing to mostly educational or otherwise enlightening programs. Watch no more than one hour of television per day or night, unless there is a special program you have been anticipating. The Internet has also become a great procrastinator’s hideout for tension-relieving instead of goal-achieving activities.
Make a list of five necessary but unpleasant projects you’ve been putting off, with a completion date for each project. Immediate action on unpleasant projects reduces stress and tension. It is very difficult to be active and depressed at the same time.
Seek out and converse with a successful role model and mentor. Learning from others’ successes and setbacks will inevitably improve production of any kind. Truly listen; really find out how your role models do it right.
Understand that fear, as an acronym, is False Evidence Appearing Real, and that luck could mean Laboring Under Correct Knowledge. The more information you have on any subject—especially case histories—the less likely you’ll be to put off your decisions.
Accept problems as inevitable offshoots of change and progress. With the ever more rapid pace of change in society and business, you’ll be overwhelmed unless you view change as normal and learn to look for its positive aspects—such as new opportunities and improvements—rather than bemoan the negative.
There is actually no such thing as a “future” decision; there are only present decisions that will affect the future. Procrastinators wait for just the right moment to decide.
If you wait for the perfect moment, you become a security-seeker who is running in place, unwittingly digging yourself deeper into your rut. If you wait for every objection to be overcome, you’ll attempt nothing. Get out of your comfort zone and go from procrastinating to proactivating. Make your personal motto: “Stop stewing and start doing!”
-- Denis Waitley
Tuesday, September 08, 2009
Increasing Your ResiliencyResilience is the ability to return to the original form after being bent, stretched or compressed. That’s the dictionary’s definition of resilience. It’s the ability to readily recover from illness, or depression, or adversity.
In our lives, resilience specifically means being able to withstand setbacks, broken hearts and broken dreams, financial crisis, loss of loved ones, loss of enterprise, and loss of health. How would you ever handle it if you lost everything you had today? What would your next step be? How long would you be depressed and upset and angry? What would it take for you to pull yourself up and start all over again? How resilient are you? Could you handle it? Could you learn from all of your disappointments and start all over again? What would it take?
Number one, it would take a lot of self-discipline. It would take a lot of positive self-talk to muster up the energy to begin again. It would take a lot of concentration to block out the noise and the clutter of all the negative voices trying to get through, as well as the negative voices of others around you. That’s a lot! It would take a lot of discipline to balance the fear and anxiety with the knowledge that, if you did it once, you can do it all over again.
It would also take a lot of self-reliance. Whether your losses had anything to do with you or not, your future success has everything to do with you. It would take a lot of self-reliance to avoid blame. What’s happened has happened. You would need to get on with your life and begin again.
It would take a lot of faith. It would take a lot of faith and trust in God to move ahead.
If you lost everything tomorrow and you were gathering all the courage to try again, it would take a lot of self-appreciation. You need to know in your heart and mind that you have the skills, the talent and the strength to do it one more time.
Resilience is the ability to bounce back from adversity, no matter how large or how small. You lose a client, one of your biggest ones. This client accounts for more than 25 percent of your gross revenue. Losing this client is going to hurt, financially and emotionally. Losing this client is going to negatively affect things for a while. The first thing you do is figure out why you lost this business. What role did you play? In what way are you responsible? You can’t just rant and rave, yelling and screaming at everyone in the office. Even if it was the wrongdoing of someone else, you can’t act like this, because it’s not professional. You’ll lose respect. And respect is hard to regain once you’ve lost it, whether it’s the respect of those you work with, your trusted colleagues or your valuable support people. You have to approach the situation rationally and figure out how to bounce back from your loss.
You have to evaluate the situation and then start a plan to recapture the lost business. Consider how you can increase your market share with other businesses. Maybe you can network with associates to bring in a similar client or even a better one! You can’t sit back and dwell on what’s happened. You’ve got to get back into the marketplace and recapture what’s been taken from you. Get back at it and replace what’s gone.
Perhaps your loss is a personal loss. Maybe you’ve recently been faced with the death of a loved one, a divorce or the loss of a very special friendship. If your loss is a deeply personal one, you must approach the situation a little differently. You must be patient with yourself and give yourself time to grieve, time to mourn, time to regroup.
The stages we go through in loss, be it the death of a loved one, the death of a relationship or the death of an enterprise, are beautifully defined in Elisabeth Kübler-Ross’ book On Death and Dying. Whether the death is a literal one or a figurative one, the stages are the same: denial, anger, bargaining, depression and acceptance. And only by going through these stages and reaching acceptance can we rebound and begin again.
It’s said that children are more resilient than adults. Why? Maybe it’s because they don’t evaluate their current situation based on past experiences. They approach it in a fresh way, a new way. In their own minds, they deal with loss much better than adults.
Children who grow up in the unfortunate circumstances of poverty or abuse or neglect and later become successful are known as “dandelion children.” If they can succeed and prosper with terrible conditions, they can grow anywhere. It’s important to be more like a dandelion child. To be able to grow and prosper and succeed despite our current conditions. To be able to grow and prosper and succeed despite our losses. To be resilient.
Cultivating a resilient character turns what others would call failure into success. A resilient person won’t give up. A resilient person will, in spite of all obstacles and setbacks, keep doing it until.
In their book The Resilient Self, Steven and Sybil Wolin studied resilience and found seven key characteristics that compose it.
No. 1: Resilience requires insight. You need to develop the ability to ask tough questions of yourself and be honest with your answers. If you had something to do with your loss, be honest and responsible for it.
No. 2: Resilience is independent. As a resilient person, you can count on yourself to bounce back into life.
No. 3: Although resilience is independent, it’s also tied to others. The more people you are responsible to, the greater your motivation to begin again. The stronger the reason, the stronger the action.
No. 4: Resilience calls for initiative. You need to develop the ability to take charge of the situation, to take charge of the problem. You need to stand up and do whatever is necessary to get back on course.
No. 5: Resilience has an element of creativity. With resilience, you are able to look at a situation and creatively determine the best way out. You are enterprising in your approach toward starting over.
No. 6: A resilient person has humor. You may cry until you start laughing, but a sense of humor is so important when turning your life around. You’ve got to take your goals seriously, and you’ve got to take yourself seriously. But you’ve also got to be able to laugh at yourself and your situation at times. If somebody says, “You’ll look back on this and laugh someday.” Well, maybe today is the day to start.
No. 7: A resilient person has a strong sense of morality. Whatever you do to get back on your feet, whatever you do to bounce back into life, make sure it’s moral. Make sure that your upcoming success is at the service of others, not at the expense of others. Success, if it is yours to keep, must be at the service of others.
The more obstacles you face and overcome, the more times you falter and get back on track, and the more difficulties you struggle with and conquer, the more resiliency you will naturally develop. There is nothing that can hold you back if you are resilient.
Vitamins for the Mind by Jim Rohn
Miss a meal if you have to, but don’t miss a book.
Some people claim that it is OK to read trashy novels because sometimes you can find something valuable in them. You can also find a crust of bread in a garbage can if you search long enough, but there is a better way.
Most homes valued at over $250,000 have a library. That should tell us something.
Everything you need for your better future and success has already been written. And guess what? It’s all available—all you have to do is go to the library. And there’s probably a library in every neighborhood.
Some people read so little that they have rickets of the mind.
I now have one of the better libraries. I admit that I haven’t read everything in my library, but I feel smarter just walking in it.
Don’t just read the easy stuff. You may entertained by it, but you will never grow from it.
The book you don’t read won’t help.
Books are easy to find and easy to buy. A paperback these days only costs $6 or $7. You can borrow that from your kids!
It isn’t what the book costs; it’s what it will cost if you don’t read it.
I never watched SpongeBob Square Pants cartoon before but I heard this cute fella is a really positive character.
She is asleep now...
She got stomach flu....
Last nite I was carrying her cos' she is crying from her sleep. I sing her a song and she is laughing a bit cos' i poke her with my finger. She lay her head on my shoulder, I pat her little bum. I assumed she is asleep so I put her back on her mattress. Who knows she was feeling nausea and about to vomit out. I quickly carry her up and she vomitted all over me. Dun asked me what happen cos' I got no idea too. I take her to the bathroom to clean up, wipe her hands and legs a bit and put her to sleep again; this time she wanted to sleep on my bed. You know what, when she saw what she had done, she almost want to cry out. I had to pacify her "dun worri, it's not your fault... momo is a good girl.... papa won't blame you.... you be a good girl and sleep ok, pap go and wash up".
Guess what, she nodded her head. Now momo is getting clever. She knows how to nod her head. When I bring her downstairs and she doesn't want to go home cos' she wanted to go somewhere else, I told her that papa need to go home to get changed or momo need to get the backpack before we can come out again and she will nod her head.
"Now we are going home first, momo need to get the backpack papa buy for you, ok?" OR
"Now we are going home first cos' papa need to go poo poo"
Btw I bought for her a really cute backpack, a SpongeBob bag. I tired to upload here but apparently it got some problems, so later I will try again. In the meantime I shall leave you here now cos' I need to take a peek at how momo is doing.
Friday, September 04, 2009
Investments, it's all investments...
In my last post, I mentioned about:
Charlie “Tremendous” Jones says you will be in five years the sum total of the books you read and the people you are around.
I know what you're thinking right now when you read the words "Losing My Virginity". It was not what you think....
Richard Branson, founder of Virgin. You should have read his bibliography. Can you imagine he bought an island at the Carribean, as his home?
Thursday, September 03, 2009
Some years ago I went into the studio and recorded a 56-minute video for teenagers called Three Keys to Greatness. Although my focus was for teenagers, the principles I shared certainly apply to adults as well.
Recently I was asked to list these three things using one to two sentences for each. Now for your benefit here they are again.
1) Setting Goals. I call it the view of the future. Most people, including kids, will pay the price if they can see the promise of the future. So we need to help our kids see a well-defined future, so they will be motivated to pay the price today to attain the rewards of tomorrow. Goals help them do this.
2) Personal Development. Simply making consistent investments in our self-education and knowledge banks pays major dividends throughout our lives. I suggest having a minimum amount of time set aside for reading books, listening to audiocassettes, attending seminars, keeping a journal and spending time with other successful people. Charlie “Tremendous” Jones says you will be in five years the sum total of the books you read and the people you are around.
3) Financial Planning. I call it the 70/30 plan. After receiving your paycheck or paying yourself, simply setting aside 10 percent for saving, 10 percent for investing and 10 percent for giving, and over time this will guarantee financial independence for a teenager.
If a young person, or for that matter an adult, focused on doing these three simple things over a long period of time I believe they will be assured success!