Ringing in the New Year with a resolution isn’t new. However, sometimes the mental hurdle of foreseeing a grand accomplishment is enough to deter even starting. By focusing on daily steps in the direction of the ultimate goal, one can increase their chances of success.
Great repost on Lifehacker (a great website in itself) about how large goals can be accomplished by taking small steps everyday. Everyday.
According to the American Psychological Association, the main difference between high-achievers and everyone is grit.
What is grit? The article describes grit as “the disposition to pursue very long-term goals with passion and perseverance, sustained over time.”
This can be years or decades. Getting back up after failing over and over gain. Consistently showing up to take your beatings until you can start dishing out your own.
Fortunately, grit isn’t just inherent to some and not to others. To increase your grit, you need to focus on three things:
1) Optimism and a growth mindset
2) Passion about what you’re working on
3) Ignore the costs incurred while working hard
The full article can be found here.
Something as simple as a t-shirt is truly a feat of modern technology and demonstrates the reaches of a global economy.
A mini-documentary from NPR’s Planet Money, looks at the entire, remarkable process behind the unremarkable t-shirt. The mini-doc is divided into 5 parts: Cotton, Machines, People, Boxes, and You. A fascinating and sometimes difficult look into the people and industries involved in this ubiquitous product.
According to internet analytics firm comScore online retail sales in 2013 Black Friday topped $1.2 billion. This is a 15% increase over 2012 online Black Friday sales.
Looks like Black Friday and Cyber Monday is merging into Cyber Weekend and possibly “Cyber No-cember”
There is a lot that depends on chance. However, a lot (maybe more) depends on initiative.
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It is said to be better to find a product for a consumer than find a consumer for a product.
It’s worse to have a target market and then lose it.
The yoga-wear retailer is starting to lose their core consumer base after Lululemon chairman and co-founder Chip Wilson made some disparaging remarks about women’s bodies being the issue and not the pants. This is another stumble after their overly-sheer pants drew complaints.
In business school they had me read The Innovator’s Solut!on by Clayton Christensen. It wasn’t as profound of a read as my corporate entrepreneurship professor believed it to be; for example, Clayton stated that BlackBerry phone didn’t have a camera because it didn’t aid in the core function the end-user needed (i.e. business). Boy was Clayton wrong….especially now.
However, Clayton’s overall thesis of upstarts disrupting established companies to eventually become the dominant player in an industry is true.
At one point non-telecom companies that are now synonymous with telephones (e.g. Apple, Samsung) were merely new entrants into the hyper-competitive cell phone industry.
This kind of changing of the guards happens all the time in all industries. The latest well-known casualty, Blockbuster, is now closing. One thing Clayton did correctly observe is that disruptive technologies often debase established business models. We will see how Amazon Prime, Netflix, etc. all fare in this brave new world.
Is Asia heading for a 1990s-style financial crisis?
Credit growth since 2008 has been rapid, leading to a run-up in house prices, high growth rates and corporate mega-deals.
But as the tide of cheap money from overseas rolls back from emerging economies across the region, analysts warn that Asia could be at the start of a series of currency and credit crises.
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