Wikipedia explains that the Kaldor-Hicks improvement criteria is essentially a less stringent version of a Pareto improvement, something where in practice, everyone is made better off. In the Kaldor-Hicks view, merely the ability of the winners to compensate the losers is grounds for claiming something is optimal, regardless of whether such compensation occurs. The basicContinue reading “Suspicious of Kaldor-Hicks as Optimality Conditions”
Tag Archives: business
The Seth Godin Formula: Assessing Seth’s Books
I’ve read 3 of of Seth Godin’s books at this point, Tribes, Linchpin, and Purple Cow. Tribes is about the idea that you must become a leader. Linchpin argues that in order to be appreciated, you must do things that make you important. Purple Cow suspects that uniqueness and difference are important in order toContinue reading “The Seth Godin Formula: Assessing Seth’s Books”
The Juicy Bits of Part 3 of ‘Become Your Own Boss in 12 Months’
Chapter 13: Launching Your Business Make sure you register your EIN number, completed the relevant business licenses, set up a filing system, have a safe to keep critical documents, purchase business forms, set up IT, hire a lire to draft templates, a bookkeeper, conducted background checks on people handling things, send out invitations to openings,Continue reading “The Juicy Bits of Part 3 of ‘Become Your Own Boss in 12 Months’”
Overcoming Objections Successfully
A key skill in sales is overcoming objections successfully. This is often a process of trial-and-error as you begin to understand what appeals and what frustrates your key customer profiles. Being good at sales requires a requisite amount of empathy. You need to be able to feel what grinds the gears of the person you’reContinue reading “Overcoming Objections Successfully”
Take Risks With Cover Letters
Most jobs that are desirable have tons of applicants, and even ones that don’t prefer to hire people that they want to work with. If you think about the hiring process, and what the employer wants out of it, it immediately becomes clear that the optimal strategy- much like in dating- is to be polarizing.Continue reading “Take Risks With Cover Letters”
Delayed Strengthification
A topic I’ve been writing and thinking about is strengths: how to find them, why you should focus on them, and more. A slightly different angle to think about the concept of ‘strength’ for a given topic is in the context of cultivation. While you may naturally be above-average at something, to remain world classContinue reading “Delayed Strengthification”
A Simple Framework For Understanding Strengths
Generally, something that is underrated is playing to your strengths. People are constantly told to better their weaknesses, but some weaknesses are deeply entwined with strengths, or are otherwise not the most leveraged use of one’s effort. In this post, I want to argue that focusing on weaknesses rather than strengths may prevent gains fromContinue reading “A Simple Framework For Understanding Strengths”
Do Things You Love
If you struggle to identify what you want to make into a small business, you should default to something you love doing. There will come times when problems arise, revenue is low, and stress is high. At these moments, it becomes hard to sustain progress. When this happens, if you don’t have some illuminating reasonContinue reading “Do Things You Love”
The Juicy Bits of Part 2 of ‘Become Your Own Boss in 12 Months’
This is a continuation of my series where I summarize biz books to save you time. Here is part 1 of my reading of this book. Chapter 8: Who Is Your Target Customer? Stop and Consider who your target customer is, who you are going to serve, who will you target by gender, age, orContinue reading “The Juicy Bits of Part 2 of ‘Become Your Own Boss in 12 Months’”
The Juicy Bits of Part 1 of ‘Become Your Own Boss in 12 Months’
Chapter 1: So You Think You Want to Be An Entrepreneur… 5 Questions You Should Ask Yourself: How much does it cost to make your product or deliver your service, How much do you sell the product for? Can your business be easily copied? Does your marketing and braning make sense? Can you sell yourself?Continue reading “The Juicy Bits of Part 1 of ‘Become Your Own Boss in 12 Months’”
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