Thursday, August 4, 2016

Reading Reflection No. 3

How to Fail at Almost Everything and Still Win Big, Scott Adams




1. The book talks about Scott Austin’s overall life experience with success and failure and puts a humorous twist to it. He surprises his readers with refuting a lot of beliefs that entrepreneurs have about success. He talks about how he failed at almost everything he tried from his investments to his job ideas, but tuned that into success. He stresses how much you can learn from failure and how that makes you that much stronger as a person. He also mentions how important dieting and exercising is and how it impacts one’s mindset. Overall, the book gives great tips on how to increase your success and how to learn from failures.
2. This book mirrors what I have learned in ENT 3003. Dr. Pryor always stressed how it is okay to fail and he wanted us to believe that and not just think it. So many times this semester I have failed with my business venture concept and only have gotten stronger and learned from that. Dr. Pryor always had us working on assignments that tried to pinpoint our failure and how we can avoid it in the future and how it has impacted us in a positive way.
3. The exercise would involve writing down a list of things you believe leads to success. I would narrow the list down to five common things you think help your path to success. I would do this because a lot of the things that I thought one needed to do for success, Austin refuted and put a twist on them. By having the class do this, it opens up a new mindset and erases everyone’s preconceived notions about the topic.
4. The most that I learned was that my preconceived notions about success were indeed not true!! A few examples include that passion does not lead to success, but vice versa. Goals are not important, rather having a system makes you a winner. The other aha moment was about being selfish. One has to be selfish for a number of different reasons to increase the odds of success.

4 comments:

  1. There are many explanations as to why people do this. And if this resonates with you then I’ve set out below the 3 main reasons why you don’t want to hire a virtual office services right now.

    You think that you’re saving money by doing it yourself. Why pay someone to do tasks when you can do them yourself ? It doesn’t make sense to you. However, those accumulated hours that you spend updating your website, typing up a report or putting together a newsletter are time that you could be focusing on doing client work and attracting new leads. Remember that every minute that you spend on these types of tasks is a minute that you’re not earning money for your business and if this stacks up then it could seriously affect your bottom line.

    Nobody knows your business like you do. That’s true especially if you’ve built the business from scratch yourself. But if you want to grow your business then you need to understand that it’s important to build a team of people to help you. Whether that’s a bookkeeper to handle the finances, or a virtual assistant to manage the back office tasks. If you try to do it all yourself then you’ll end up burnt out and your business will just become a burden on your shoulders. By delegating tasks to others, you will be able to leverage your time so that you can focus on what’s important for your business.

    You’re frightened of damaging your business reputation. Trust is a major issue for people when they start to delegate work to others. How can you trust other people to do a good job and not damage the reputation that you’ve built up with your clients? One way round this is to have a clear set of policies and values for your business and communicate these to anyone that you outsource work to. Also create a contract with terms and conditions for any associates or contractors that you take on so that there is no misunderstanding about what is required.

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