Taking a little bit time away from the constant cacophony of the financial markets, I would like to discuss an important risk management strategy involving time vampires. These entities comprise of anyone or anything that diverts your attention from accomplishing your stated objective. More than just distractions, time vampires represent a hidden tax, an artificial liquidation of your intellectual assets in exchange for unnecessary aggravation.
As a business owner, attracting and maintaining a steady client base can be amongst the most daunting tasks, often failing those that cannot keep up with the rigors of an ever-evolving consumer landscape. That said, there is such a thing as client saturation. In any industry, turnover, or the constant motion of transactional business, is a critical ingredient of success. Even the Federal Reserve has a stated goal for turnover ; it's no secret that central bankers view a certain amount of inflation as desirable for economic growth. And if the bankers are clamoring over turnover, there's no reason why any business owner should ignore this metric. You have to run with your winners and cut your losers.
A loser in this context is easy to spot. They are the ones that have a million excuses for every proposal and must consult with an army of advisors before taking one step forward. While this seemingly gives off an air of prudence, what it really demonstrates is fear. Such individuals never really had an intention of committing to a proposed action plan but instead wanted to offer a pretense. In these circumstances, there's nothing you can do but let them go. Greatness has never rewarded the complacent, nor the craven.
In other cases, a time vampire is neither a client nor a subordinate, but an equal. This is a challenging situation but nothing that is unusually aggressive than in other potential incidents where time vampires lurk. When forced to work with one of these entities, it is best to play your game, not theirs. Your game is about achievement, to go with the money. Your opponent is about distractions, diversions and ultimate disenchantment with your mission.
Do not let the blood-suckers win! Control what you can control. Finish your task to the best and quickest of your ability. Attempt to make all communication with time vampires as efficient and professional as possible. A lurid but subtle mind game employed by the vampires is the use of key words or phrases designed to heighten your emotions. Don't fall for these juvenile tricks : focus on the task at hand and control your communication, keeping them short and to the point. The less words that you use, the less of an opportunity you open for misunderstandings. It also demonstrates a rising above of the fray, denying the vampire any chance of dragging you into their clutches.
Time vampires are all around us and with the moral decay of America, they will only increase in number. Fortunately, there are some easy tactics that we can utilize to deflect their attempts at subversion.
As a business owner, attracting and maintaining a steady client base can be amongst the most daunting tasks, often failing those that cannot keep up with the rigors of an ever-evolving consumer landscape. That said, there is such a thing as client saturation. In any industry, turnover, or the constant motion of transactional business, is a critical ingredient of success. Even the Federal Reserve has a stated goal for turnover ; it's no secret that central bankers view a certain amount of inflation as desirable for economic growth. And if the bankers are clamoring over turnover, there's no reason why any business owner should ignore this metric. You have to run with your winners and cut your losers.
A loser in this context is easy to spot. They are the ones that have a million excuses for every proposal and must consult with an army of advisors before taking one step forward. While this seemingly gives off an air of prudence, what it really demonstrates is fear. Such individuals never really had an intention of committing to a proposed action plan but instead wanted to offer a pretense. In these circumstances, there's nothing you can do but let them go. Greatness has never rewarded the complacent, nor the craven.
In other cases, a time vampire is neither a client nor a subordinate, but an equal. This is a challenging situation but nothing that is unusually aggressive than in other potential incidents where time vampires lurk. When forced to work with one of these entities, it is best to play your game, not theirs. Your game is about achievement, to go with the money. Your opponent is about distractions, diversions and ultimate disenchantment with your mission.
Do not let the blood-suckers win! Control what you can control. Finish your task to the best and quickest of your ability. Attempt to make all communication with time vampires as efficient and professional as possible. A lurid but subtle mind game employed by the vampires is the use of key words or phrases designed to heighten your emotions. Don't fall for these juvenile tricks : focus on the task at hand and control your communication, keeping them short and to the point. The less words that you use, the less of an opportunity you open for misunderstandings. It also demonstrates a rising above of the fray, denying the vampire any chance of dragging you into their clutches.
Time vampires are all around us and with the moral decay of America, they will only increase in number. Fortunately, there are some easy tactics that we can utilize to deflect their attempts at subversion.
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