Great Business Advice – The Business Insider War Room
I always love to read excerpts and sound bytes from leaders in business – here are a few that have caught my eye tonight from ‘The Business Insider – War Room’:
By: Daniel Goodman / Business Insider
“In every war in the last 200 years conducted between unequally matched opponents, the stronger party won about 72% of the time. However, when the underdogs understood their weakness and used a different strategy to minimize its effects, they won some 64% of the time, cutting the dominant party’s likelihood of victory in half.”
“Over time, you will become more like you’re acting — self-assured, confident, and more strongly-convinced of the truth of what you are saying.”
Source: “Power: Why Some People Have It — And Others Don’t,” by Jeffrey Pfeffer
15 Tips On How Successful People Think
2/17 – Figure out where you need to focus your energy, and then use the 80/20 rule
Devote 80% of your energy to the most important 20% of your activities. Remember that you can’t be everywhere, know everyone, and do everything. And avoid multitasking: it can cost you 40% efficiency.
4/15 – It’s one thing to have an idea, another to follow through
“Ideas have a short shelf life. You must act on them before the expiration date.
How Successful People Think: Change Your Thinking, Change Your Life – John C. Maxwell (Author)
23 Successful People Who Wake Up Really Early
The former head of publishing company Rodale turns to poet William Blake for inspiration on how to start his day:
“Think in the morning, act in the noon, read in the evening, and sleep at night.”
This has made a huge difference in my life.”
Thinking and planning in the morning makes Murphy — in his words — strategic and proactive, rather than reactive.
24 Executives Share The Best Advice They Ever Received
8/24 – Sheryl Sandberg, COO, Facebook
Business Insider / Matthew Lynley
When Sandberg was thinking she wouldn’t accept an offer to be Google’s general manager, Eric Schmidt told her, “Stop being an idiot; all that matters is growth.” She says that’s the best advice she ever got.
9/24 – Warren Buffett, chairman and CEO, Berkshire Hathaway
Photo by The Daily Ticker – From a 2010 interview with Yahoo!
Berkshire Hathaway director Thomas Murphy told him:
“Never forget Warren, you can tell a guy to go to hell tomorrow — you don’t give up the right. So just keep your mouth shut today, and see if you feel the same way tomorrow.”
“Warren Buffett has taught me a lot of things, but he got me thinking very early on that at some point I’d have the opportunity and responsibility to give the wealth back.
“And so, literally decades before the foundation got started I was reading about philanthropists from the past … what they’d done and how it worked.”
Wishing you Great Execution today!