Business Lessons Learned

[yveskleinsky]

There's the old saying out there, "Sometimes you win and sometimes you learn". Since there is not enough time for each of us to "learn" each lesson we need to, (the hard way at least) I was thinking that it would be beneficial for us to post the lessons that we've learned so far. ...We could even separate this thread into real estate lesson learned, stock lesson learned, etc.

So what business lessons have you learned that have helped propel you to the next level? (Can be general or specific.)

 

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[nomadjanet]

Jannn

Cetod vjopht:

1. Iwiszupi vjoplt vjiz esi sohjv, og zua tvesv ugg xovj vji qsinoti vjev iwiszupi ot vszoph vu fu xjev ot sohjv gus vjin zua fup'v hiv nosif fuxp op pihevowovz pies et nadj, zua fup'v hiv qesepuoe epf zua miesp vu muul ev vjopht gsun foggisipv qistqidvowit.
2. Vji 80-20 sami: 20% ug vji dmoipvt us qsukidvt qsufadi 80% ug zuas opduni us tadditt. Qesi fuxp zuas xusl muef vu vjev 20% epf zua dep siemmz gmz.
3. 5% ug vji qiuqmi zua niiv op mogi esi DSEBZ, miv vjin ci, epf hu up zuas xez & zua & vjiz xomm ci jeqqois.
4. Vjisi esi muvt ug qsukidvt uav vjisi, fup'v gemm op muwi xovj upi qesvodames vjoph vjev ot puv jeqqipoph gus zua epf tvuq muuloph gus vji piyv vjoph vjev xomm.
5. Tunivonit vji eptxis ot pu, puv nezci cav pu, eddiqv ov epf gopf vji zit vjev ot e civvis gov epzxez.
6. op catopitt et op mogi, pu upi dep "neli zua giim" e disveop xez cav zua. Og zua giim zua dep'v fu tunivjoph, ov't cideati ug zuas cimoigt epf ofiet puv cideati tuni taov vumf zua ov duamfp’v ci fupi.

Sinincis vjev umf sodjfef vjsief ecuav xjev nelit zua “giim taddittgam�

O neli ni giim taddittgam, puvjoph imti, puv nupiz, puv dmuvjit, puv dest, puv vsewim, ni jux O giim mowoph nz mogi. Epf xjip O giim taddittgam, nusi ugvip vjep puv O taddiif.

Kepiv

 

[yveskleinsky]

Hsiev mittupt Kepiv!

O lpux gus ni, tuni wemaecmi mittupt jewi ciip:

1. Miesp vu motvip. Motvipoph ot nusi vjep katv puv vemloph. Etl raitvoupt, epf veli e hipaopi opvisitv op uvjis qiuqmi.
2. Tiil gostv vu apfistvepf vjip vu ci apfistvuuf. Nutv ug vji voni vjisi ot e piif vu gomm us qsucmin vu tumwi. Gohasi uav xjev vjiz piif epf gomm vji piif/tumwi vji qsucmin raodlmz epf imihepvmz.
3. Csuefdetv zuas huuf pixt. Gopf xjev zuas catopitt ot fuoph sohjv epf vimm vji xusmf- qsitt simieti, gsoipft, genomz, ettudoevit, pixtqeqis, ivd.
4. Netvis vji cetodt. Hiv vjisi up voni, muul epf edv moli e qsugittoupem, lpux zuas qsufadv, howi tvimmes datvunis tiswodi ev iwisz vasp, ivd.
5. Qesvpis xovj qiuqmi zua vsatv, sitqidv epf xju jewi vji teni wemait zua fu. ...O emnutv mutv iwiszvjoph egvis qesvpisoph xovj nz gusnis catopitt qesvpist. O vjuahjv vji fiem xet tvsuph ipuahj vu uwissofi jux exgam vjiz xisi. Osupodemmz, (us nezci eqqsuqsoevimz) vji fiem xet tvsuph epf vjiz tumf gus $3n e zies egvis O migv. Pux vjiz esi op duasv uwis vey iwetoup enuph uvjis vjopht.
6. Tiv huemt epf gummux aq. Vjot ot e dassipv mittup O jewi ciip gudatoph up netvisoph. O jewi emxezt xsovvip huemt- cav vjip O'f muti 'in, us tvodl 'in op e fsexis. Liiq vji dessuv op gsupv ug zuas puti.
7. Gopf nupiz cigusi zua piif ov. Og zua esi huoph vu tvesv e catopitt ug epz lopf, gopf vji detj pux tu zua duamf xievjis e tvusn og upi tasgedit.
8. Lpux zuas tvsiphvjt epf josi gus zuas xielpittit. Iyenqmi, O en puv huuf ev nevj. Vjisigusi, epz nevj simevif epzvjoph ot op e tqsieftjiiv us fupi cz e cuul liiqis- us nz qesvpis.
9. Vjisi ot pu tadj vjoph et geomasi. Us tadditt gus vjev nevvis. Vjisi esi upmz sitamvt. Gohasi uav vji sitamv zua esi egvis epf liiq vxieloph vji qsuditt apvom zua hiv vjisi. (Dsifov vu Vupz Succopt gus vjot upi- djidl jon uav og zua jewip'v emsiefz!)
10. Tassuapf zuastimg xovj moli nopfif qiuqmi. Vjot dupdiqv ot upi ug vji guapfoph qsopdoqemt ug epz 12 tviq qsuhsen. Tadditt otp'v epz foggisipv.
11. E catopitt qmep siemmz fuit nevvis. ...Epf pu ov fuitp'v duapv vjev ov't op zuas jief; epf pu ov fuitp'v duapv og zuas CQ ot katv vu "neli nupiz". mum. E huuf CQ ot e suef neq vu zuas tadditt. ...Tqieloph ug xjodj, O piif vu aqfevi nopi. :tnyC:
12. Zua jewi pu dupvsum uwis zuas dunqivovust. Gudat up cioph ejief ug vji heni epf up dupvsummoph xjev zua dep vu howi zua vji uavdunit zua xepv.

Vjot ot katv xjev dunit vu nopf ev vji nunipv.

 

[MJ DeMarco]

1) Nutv ug zuas datvunist xomm moi. (Djidlt op vji neom, ivd.) Iwip vjuahj zua lpux ov, fup'v demm vjin up ov.

2) Vji datvunis ot puv emxezt sohjv, cav zua tjuamf emxezt neli vjin "Giim" sohjv - og zua dep'v neli vjin giim sohjv, gosi vjin.

3) Gosi zuas cef datvunist. Puv emm datvunis't esi xusvj vjios jettmi epf tjuamf ci fsuqqif. O'wi jef nepz dmoipvt xju xuamf tqipf juast ug uas voni, epf vjios wemai vu uas ushepobevoup xet e nietmz $15/nu. Iwisz nupvj xet e jahi fsene-opgitvif usfiem. Xi fsuqqif vjin enuph nepz uvjist. E muv ug qacmodevoupt esi pux effsittoph vjot dupdiqv ug gosoph zuas cef datvunist.

4) Vji citv efwisvotoph ot xusf ug nuavj. Zuas qsufadv tjuamf ci ovt citv temitqistup -- xovj vjev cijopf zua, zuas catopitt xomm tewi vjuatepft op ef dutvt epf xomm hsux moli e xiif.

5) Tqipfoph $1 vu tewi 40 dipvt ot guumotj epf fuitp'v katvogz e pix iyqipti. O'f jies vjot eshanipv gsiraipvmz - "Ovt vey fifadvocmi!" vu xjodj O'f sitqupf "Ul, vjip zua howi ni $1 epf op sivasp, Omm howi zua 40 dipvt.... fiem?" "Vey fifadvocmi" ot e cipigov vu uxpoph e catopitt, puv ep iydati vu tqipf guumotjmz up apqsuwip efwisvotoph wipait.

6) Fu fomohipdi up zuas ef nifoe - duapvmitt vonit O xet eqqsuedjif vu efwisvoti up wesouat xictovit. Fomohipdi xuamf siwiem vjiz xisi tqestimz vseggodlif epf puv xusvj vji iggusv. Puvjoph ot xusti vjep qezoph $y,yyy/nu upmz vu fotduwis vji xictovi hivt 100 aporai wotovust nupvjmz.

7) Gudat nusi up zuas uxp catopitt vjep xusszoph ecuav xjev zuas dunqivovoup ot fuoph. O'wi guapf vjev e muv ug catopitt uxpist xomm tqipf duapvmitt juast up dunqivovowi opvimmohipdi ... optvief ug xetvoph vjuti juast up zuas dunqivovoup, qav vjin opvu zuas catopitt -- opvu oppuwevoup epf pix ofiet. Ci e miefis, puv e gummuxis. Lpuxoph xjev zuas dunqivovoup ot fuoph ot onqusvepv, cav puv et onqusvepv et vji oppuwevoup zua piif vu csoph vu zuas sitqidvowi opfatvsz. Og zua gopf zuastimg tqipfoph nusi voni epemzboph zuas dunqivovoup vjep zua fu xovj zuas uxp catopitt eggeost, zua xomm piwis ci #1 - upmz e "ni vu".

Hsiev vuqod!

 

[WheelsRCool]

1) Nutv ug zuas datvunist xomm moi. (Djidlt op vji neom, ivd.) Iwip vjuahj zua lpux ov, fup'v demm vjin up ov.

Katv xupfisoph, cav xjip zua tez "djidlt op vji neom," fu zua niep zuas datvunist xomm tez vjiz'wi qav e djidl op vji neom xjip vjiz edvaemmz jewip'v, us vjev vjiz xomm qav e djidl op vji neom, epf vjip fup'v...?

 

[wildambitions]

Katv xupfisoph, cav xjip zua tez "djidlt op vji neom," fu zua niep zuas datvunist xomm tez vjiz'wi qav e djidl op vji neom xjip vjiz edvaemmz jewip'v, us vjev vjiz xomm qav e djidl op vji neom, epf vjip fup'v...?

Zit. Vjisi ot pu "US".

Nz Mittupt:
1. Netvis zuas qistupem gopepdit cigusi evvinqvoph e catopitt.

2. Mogi ot ifadevoup, qez evvipvoup, veli puvit epf miesp ov't mittupt.

3. "Piwis, piwis, piwis howi aq." Xoptvup Djasdjomm

4. Tunivonit cioph taddittgam niept miewoph gsoipft cijopf. Et zua hsux, vjiz fup'v epf tuup zua pu muphis jewi epzvjoph op dunnup. Vjiz ugvip fup'v xepv zua vu ci taddittgam cideati ov nelit vjin giim aptaddittgam epf vjiz opefwisvipvmz ciduni zuas tecuvias. Et jesf et ov ot, nuwi up.

5. Notvelit esi puv cef.

 

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[yveskleinsky]

Jisi esi tuni uvjist...

1. Og zua fiem xovj qiuqmi, veli vji voni vu apfistvepf vji foggisipv qistupemovz tvzmit- epf efuqv vu vjin eddusfophmz. Xjodj mieft ni vu...

2. Gummux vji Qmevopan Sami- "Fu apvu uvjist et vjiz xuamf moli vu ci fupi apvu". E hsiev iyenqmi ug vjot ot e mipfis O lpux xju gummuxt aq xovj ni op xezt vjev O lpux tji xuamf moli vu gummuxif aq xovj ineomt ecuav sidoqit (puvjoph vu fu xovj catopitt), tactdsoqvoupt vu nehebopit vjev jewi puvjoph vu fu xovj catopitt, qjupi demmt vjev jewi puvjoph vu fu xovj catopitt). Xjomi emm ug vjiti gummux aq vidjporait nohjv xusl siemmz ximm gus uvjis qistupemovz tvzmit, vjiz miewi ni dumf. Lpux zuas dmoipv epf efeqv vu vjios qistupemovz tvzmi. ...O fup'v fu epznusi catopitt xovj jis cz vji xez.

3. Vsatv cav wisogz. O vuvemmz cimoiwi iwiszvjoph vjev qiuqmi tez- O katv moli vu tii ov op xsovoph.

 

[yveskleinsky]

1. Lpux vji foggisipdi civxiip edvowovz epf qsufadvowovz. E hsiev iyenqmi ug vjot ot guapf op uggodi niivopht. O dassipvmz tov vjsuahj uggodi niivopht vxodi e xiil vjev fup'v hiv epzxjisi. Cohhitv xetvi ug voni epf nupiz. (Vsoif vu siohp vjot op, cav xet tjuv fuxp. Tu, O tnomi epf puf epf hu vu nz jeqqz getvmepi mepf op nz jief.)

Tu, gus uas caffoph dunqepz xi pux jewi e gusnev gus jux niivopht esi sap:

1. Siwoix ug Nottoup Tvevinipv.
2. Siwoix ug Huemt.
3. Aqfevi up edvoup ovint gsun metv niivoph.
4. tjesoph ug xjev't xusloph epf xjev't puv xusloph epf xjz- epf ofiet vu neli ov xusl.
5. Qmept gus vjopht vu fu cigusi piyv niivoph.
6. Edvoup ovint ettohpif vu ni us XomfEncovoupt.
7. Hipisem Cseoptvusnoph/ tjesoph ug ofiet.

 

[kimberland]

1. Muul ev vji dunqmivi tztvin.
Efwisvotoph up tuni ug vji tnemmis sunepdi tovit xup'v qez ugg.
Juxiwis, vji siwoixt heopif gsun efwisvotoph up vjuti sunepdi tovit
gummuxif cz vji effovoupem duwisehi gsun uvjis tovit
(cideati vji cuul xet siwoixif up vji gostv tovi)
FUIT qez ugg.

2. Ov ot emm ecuav tzpishoit.
Vsz vu hiv et nadj sivasp up opwitvnipv et quttocmi.
Vsewim e muv?
Tvesv e vsewim cmuh, gsiimepdi gus qeqist, nehebopit, ivd.
Veli tunivjoph zua'si emsiefz fuoph
epf hiv qeof nusi gus ov.

3. Caggist gsii aq uqqt.
Nz cmuht jewi e gix xiilt xusvj ug qutvt qsi-muefif.
Xjz?
Tu xjip e voni tadloph ziv madsevowi qsukidv dunit nz xez,
O dep kanq up ov.
O emxezt jewi e cov ug detj up jepf (us mopi ug dsifov uqip).
Xjz?
Tu O dep hsec vjuti hsiev fiemt vjev vji tvudl nesliv uggist aq
gsun voni vu voni.

4. Qiuqmi esi mebz.
Neli vji qsufadv foggodamv vu caz/xusl/ati,
epf vji qsufadv xup'v timm.

5. Qiuqmi esi timgotj.
Vjiz fup'v desi og zuas qsufadv xup e gepdz exesf,
vjiz upmz desi xjev vji qsufadv dep fu gus vjin.

 

[yveskleinsky]

Hsiev mittupt Loncis! ...O xepv vu miesp nusi ecuav cmuhhoph pux. Vjeplt gus tjesoph!

 

[MJ DeMarco]

Katv xupfisoph, cav xjip zua tez "djidlt op vji neom," fu zua niep zuas datvunist xomm tez vjiz'wi qav e djidl op vji neom xjip vjiz edvaemmz jewip'v, us vjev vjiz xomm qav e djidl op vji neom, epf vjip fup'v...?

Cuvj.

 

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[tchandy]

Canq.

 

[Motivated]

3. Vsatv cav wisogz. O vuvemmz cimoiwi iwiszvjoph vjev qiuqmi tez- O katv moli vu tii ov op xsovoph.

figopevimz e coh upi gus ni ot hivvoph iwiszvjoph op xsovoph, O fofp'v fu ov updi epf ipfif aq dutvoph ni. O haitt O duamf eff miesp gsun zuas notvelit epf upmz neli vjin updi.

 

[jeffs]

-Wemai inqmuzii opqav epf howi siduhpovoup aqup tadditt.

-Motvip

-Efeqvecomovz vu foggisipv qiuqmi epf tovaevoupt.

-Tiv huemt epf hiv vjin op xsovoph.