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1.17.14 Buffett Formula

Story provided by Farnam Street Blog – 

“The best thing a human being can do is to help another human being know more.”
— Charlie Munger

“Go to bed smarter than when you woke up.”
— Charlie Munger

Most people go though life not really getting any smarter. Why? They simply won’t do the work required.

It’s easy to come home, sit on the couch, watch TV and zone out until bed time rolls around. But that’s not really going to help you get smarter.

Sure you can go into the office the next day and discuss the details of last night’s episode of Mad Men or Game of Thrones. And, yes, you know what happened on Survivor. But that’s not knowledge accumulation, it’s a mind-numbing sedative.

But you can acquire knowledge if you want it.

In fact there is a simple formula, which if followed is almost certain to…

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Small puddles of water on a smooth clean surfa...

Have you ever finished up one project and charged on to the next big thing without a second thought?

 

It happens all the time – we check off our daily and weekly to-do lists with the speed of a cheetah.  You have decide what needs to get done, you do it, and move on!

If you find yourself trapped in this cycle – you are not alone.

 

Successful Entrepreneurs and Puddles

In order to break free of this cycle of tasks and prioritized list you must add another step, the step that unleashes your true power as an entrepreneur.  Wanna know what successful entrepreneurs and puddles have in common.  They both reflect!

Puddles are a collection of water droplets, or ideas that have settled in one central location (for a common purpose).  As the water settles, some things sink to the bottom (the ideas that didn’t work) and other things float to the top (those things that rocked).  Common entrepreneurs walk away from the puddle at this point. What separates the good from the great is what happens next.  The successful entrepreneur peers into the puddles surface and sees a reflection.

Reflection is one of the most important phases of any project.  By truly understanding what did and did not work, you are able to continuously improve your business and professional practice.  Reflecting is the also time that allows you to honestly appraise your own performance.  This is not time to beat your self up, it’s a time to find opportunities to grow and become the best at what you do.

I recently developed and host a summer camp for students in my community in order to introduce them to careers in S.T.E.M. After closing out the program I took time to reflect on the highs and lows of the program.  I learned that I must plan for more parental contact before the camp so that they can play a bigger part in marketing the program.  I also learned that I need to gather as much information about students prior to camps and other activities so that the activities that I select are fun and accessible for all students.

Reflecting is not rocket science, it simply a time to pause and evaluate.  It’s a time to celebrate your hard work and planning.  What you come up with may not be ground breaking, but it could save you time and effort further down the road.

So that’s it,  reflection.  Taking the time to think about what has happened and searching for lessons or take-aways to make you better!  This process is a necessary step for all entrepreneurs to keep in your tool-kit!

Awesome infographics and reflective questions. You could have simply shared the graphic! I think that the questions that are included in this post are powerful too! Being reflective about your current practices is another way to show your everyday power.

In my opinion, the characteristic shown in the graphic also describe the growth and fixed mindsets. Those with a fix mindset are not actively seeking opportunities for learning and growth. This reminds me of people who say that they “hate to read”. That is the most ignorant mess I have ever heard. Think of all of the knowledge that is available to you and I. Pick up a book!!!!! Thanks!

Traffic routier

Whether you’re posting a text post, image, infographic, video, or quote post – without an audience, you are just screaming in the wind.

Generating traffic and dedicated readers to your blog or site is a skill that is super important as you build your online platform.  Your readers will form the community that you will create content and marketing efforts for.  Your followers will become the people that you turn to in order to obtain the research for your future products and services.  Your followers will let their co-workers know how much you rock and spread the word about your innovate new service.  In a nut shell: You need people to read your blog! 

Here are five free and easy ways to gain some attention and get your masterpiece in front of your prospective customers.

1. Use Social Media

In 2013, social media may seem to be the most obvious of options to promote your blog.  I have found that most people underutilize the power of Facebook, Twitter, and other social media platforms.  Many people simply post on their timelines and pray that their friends click thru and share with others.

In addition to posting on your timeline, find and join groups where your target audience hangs out.  This is where the prime real estate can be found.  Interact and contribute with these groups to establish you self as an expert.  When appropriate, share articles and posts from your blog that may be relevant or helpful.  Work smarter!  You are now targeting your efforts to a group of people who you know are interested in your particular niche industry or product.

2. Become a Guest Blogger

Creating content for blogs with similar area of focus or target audience is another way to increase the amount of traffic to your blog.  Find blogs with a small to medium readership and check out their content and start to build relationships with bloggers.  How do you do that?  Leave genuine comments where appropriate and become familiar with the blog’s content.  Then, after a few comments and replies from the blogger, ask if they accept guest posts.

If they say yes, send over your best and brightest content that compliments the other sites style and content.  Make sure that your blog contains an image as well as at least one link to some of the content on your blog.  In addition, include a signature line to the bottom of your post that includes a short bio and asks them to visit your blog.  Here is as example.

3. Join Blogging Networks

Join blogger networks such as Triond.com and MyBlogGuest.com to meet bloggers from around the world.  Use the networks to build relationships and possible guest blog opportunities.

4. Create a Multi-Media Platform

Create a wide variety of content for your blog.  You only have a few milliseconds to catch the attention of your potential readers.  Make them count.

Videos are popular and effective way to readers.  Don’t worry about creating Oscar worthy productions when you begin.  Just make sure that you have appropriate lighting and something worth saying.  Another great thing about videos is that when you post them to social sharing sites like Facebook and Vine, they are searchable by search engines.  That means that it is important for you to create tags and keyword phrases that adequately describe the content of your video.

5. Host a Virtual Tour

A virtual tour is the process of a person visits a series of blogs and promotes their business and/or products.  This is a wonderful idea that is a benefit for both the virtual tour hosts as well as those on tour.  The blogs get increased traffic to their sites from the virtual tour’s promotion as well as free goodies and promotional items.  The people on tour get to spread the word about their masterpiece and get their name in front of brand new customers.

Virtual tours are a great way to get your name out into the blogosphere.  Through video and text interviews, online radio interviews, articles, and video commercials virtual tours can turn into a media blitz for your blog and product/service.  Are you interested in hosting a virtual tour?  Click here and register TODAY!

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