Today I want to talk about these buy local programs. It’s a chance to talk about the difference between good and bad economics, and feel good in reality. While everyone screams 'Buy Local', businesses fail. Business needs a path not a rhyme. What do I mean by that? First of all: Yes, there are some things that can be good about buy local programs, but they mostly feel good. They’re not sustainable. I’ll get to all of these, but there are some good things and some bad things, and there … [Read more...] about 54 – Buy Local Craze – Did You Buy It?
This is a particularly tough episode because it’s about economics, the economy. I’ve been asked over and over again to do this. What’s hard about it is it’s very difficult to really show how you can benefit, which is a little strange compared to the rest of the episodes. Maybe you can benefit by being better informed and protecting yourself from some of the things that you hear out there. The economy is often looked approached without understanding causality. Microeconomics shows what … [Read more...] about 45 – The Economy, Why They’re Wrong
I want to talk a little bit about predictability, planning, and being prepared for uncertainty, but it’s all about planning for the future, forecasting. This was partially motivated by the fact that I read something about you can’t predict or you can’t plan for the future, particularly in the long run. Quite frankly, not only is that wrong, it is really, really bad advice. Yes, the world is uncertain, and there are certain times you have to be cautious. I’ll explain and break this … [Read more...] about 41 – Forecasting Markets and Predictability?
Today’s topic is an important concept that came about as a result of things I noticed concerning WHAT people did and HOW they did it. It’s basically the WHY; you may have heard about the “Five Why’s” that originated from Toyota Motor Company. The WHY is a tool used to drill down to the root cause of a potential problem. There is some criticism of the process, mainly because people don’t execute it very well. The idea is to ask why, then why that, and keep on until there is an ultimate … [Read more...] about 40 – Why? A Question and A Solution
We are talking about technology and its impact on your future. Remember, “Today is the first day of your future.” There are factors about attitude, perspective, and phases we go through that are affected by the growth of technology. Always be aware of game-changing events; technology is just one of those areas that have changed and accelerated drastically over the last 30 years. Think about how people view events from the past and events in the future. Have you seen the commercial where … [Read more...] about 34 – Technology and Your Future