As I recall, Chairman Baek Jong-won notes in his book that you should go work at a failing business to learn everything you can on their dime before starting your own business. He remarks that you should try everything in your power to salvage a failing business and only visit thriving stores so that their … Continue reading Business Prowess – You Can Only Move Up if You Can Carry a Failing Team
The Foundation of Marketing Seen from a Mobile Carrier Retail Store’s Perspective – Establishing a Funnel
Everyone's probably raised the following questions to themselves at some point in their lives. Why do they give out free gifts at new studio apartment ad booths? Why does Unicef have random sticker boards that ask people to choose between A,B, or C? Why do mobile carrier retail stores display free gift roulettes outside their … Continue reading The Foundation of Marketing Seen from a Mobile Carrier Retail Store’s Perspective – Establishing a Funnel
The Essence of Work – Understanding the Depth of Manageability
When you're working with other team members, it’s important to recognize and understand the depth of work they’re able to handle. The depth of work translates to the degree of work abstractness in which an individual can execute. I try to get a grasp of a person’s capabilities in terms of depth when working with … Continue reading The Essence of Work – Understanding the Depth of Manageability
Think From Behind
When you’re working on something, it's important to visualize your endstate, the effects of being in that endstate, and come up with ways to maximize the effects. Thoughtlessly executing tasks will result in unstable outcomes. This is similar to how Amazon writes up press releases before they even begin the R&D process. There’s no use … Continue reading Think From Behind
When Your Back is up Against the Wall, Just Bust Some Noggins! Even if it means you have to spill some blood…
There's a concept called ‘noggin’ in a map called ‘Fastest’ in the popular game StarCraft. Normal gameplay in StarCraft requires the player to mine minerals far away from the main headquarters. Workers traverse to and from the resources back to the base. The game regulates the minimum distance that main bases can be built in … Continue reading When Your Back is up Against the Wall, Just Bust Some Noggins! Even if it means you have to spill some blood…
Business and Spinning Plates – Why Professionals Have a Hard Time with Running a Business
How are businesspeople different when compared to professionals? Various aspects of businesses such as finance, human resources, marketing, and product management all come together to constitute a business. Let's compare these different elements to a plate. Consider the act of working on a single task to that of spinning a single plate. Running a business … Continue reading Business and Spinning Plates – Why Professionals Have a Hard Time with Running a Business
Sometimes You Just Have to Move Your Body
Attempting new challenges and pushing your limits beyond who you were yesterday are daunting tasks. From what I’ve observed thus far, people only attempt new things after they've thoroughly understood the task at hand. All things considered, I hold the belief that rapid growth can be achieved by taking action and attempting something in the … Continue reading Sometimes You Just Have to Move Your Body
Bitter Medicine: The Paradox of Painful Advice
The essence of counsel is captured within the proverb, “Good medicine tastes bitter”. There are two primary elements to consider when it comes to advice. [1] To what degree is it valid and useful? How accurate is the advice? How genuine is the advice? Does it teach me about something that I was previously unaware … Continue reading Bitter Medicine: The Paradox of Painful Advice
Characteristics of a Business Amateur – The Yes-Man’s Dilemma
I often find myself teaching new members of the workforce from the ground up due to the nature of the job where it’s difficult to find experienced seniors in the field. Many of these rookies tend to say yes to any job or task offered to them. Of course, there are certain individuals that refuse … Continue reading Characteristics of a Business Amateur – The Yes-Man’s Dilemma
The Essence of Business – Discovering My Golden Point
There are no right answers when it comes to business. When someone advocates for option A, there will always be another who advises against it. Numerous influential minds, books, and even those that took the same path you’re taking right now will overwhelm you with advice. It’s only natural for blooming start-up business owners to … Continue reading The Essence of Business – Discovering My Golden Point