Learning to Say No

On the ladder to success, it’s awfully tempting to take every great opportunity we’re given. It’s only natural to want to make the very best of them. All of them.

The problem with this kind of opportunism is that in a very short time, you can find yourself overloaded and spread too thin. I’m talking about literally overloaded, in terms of the shear amount of time devoted to different projects and priorities.

You might find that your mind is also overloaded. With too many parallel initiatives, it can be difficult to focus and think critically about them. They all suffer individually because of the mental weight of the collective.

But opportunism also has another, even higher, price. The opportunity cost of taking every great opportunity that comes along, is that you will soon be confronted with one you simply cannot take because you are overcommitted. And it may be the one opportunity that could have meant the most to your career or life goals.

So next time you are presented with an opportunity, think carefully about your other obligations before jumping in and saying “yes.” Although it’s difficult, sometimes the most valuable opportunities are the ones we said no to.

Why The 3/50 Project Can’t Save Small Businesses

The 3/50 ProjectI recently came across an interesting display in a local store in downtown LaGrange. The banner (see photo) said the following:

Save Your Local Economy… Three Stores at a Time

Saving the Brick and Mortars Our Nation is Built On

3. Think about which three independently owned stores you’d miss if they were gone. Stop in, say hello, and pick a little something up. That’s how they stay around.

50. If just half the employed U.S. population spent $50 each month in independently owned stores, their purchases would generate $42,629,700,000 in revenue.

68. For every $100 spent in independently owned stores, $68 returns to the community through taxes, payroll, and other expenditures. In a national chain, only $43 stays here. Spend it online and nothing comes home.

1. The number of people it takes to start the trend… you.

The premise of this campaign is to encourage people to support (i.e. spend money) in local, independent shops and restaurants. The first time I saw this, I didn’t think that much of it, but then as I was eating lunch the other day (in a locally owned restaurant) I actually read the flyer and it just didn’t sit right with me.

Don’t get me wrong, I’m all for shopping locally. I don’t like the huge chain stores or “big box” retailers any more than the next guy. But I’m also the owner of an small, independent online store and I’m friends with several entrepreneurs who have been fortunate enough to grow their businesses into regional and national businesses.
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How Business is Like Poker

Tonight I was relaxing a bit… I was watching the 2009 World Series of Poker on ESPN2 and playing in a Sit-n-Run tournament at Full Tilt Poker. As I played, I came to a realization…

Business is Just Like Poker

People who can’t play the game will tell you it’s all the luck of the draw, but it’s really much more about skill, practice and knowledge of the game.

So are you the type of person that just complains about not being lucky enough, or are you the one that gets in there and learns the game?

Teach Your Kids to be Entrepreneurs

I never really did well in school. In all honesty, I sucked at school. From an early age, I was extremely bored and did everything possible to get out of going. I always thought it was just me… other kids seemed to like it and do well. I was the odd one. I wasn’t dumb, I actually got good grades (when I showed up). My senior year I had a 3.66 GPA despite being “absent” over half the year. They didn’t like the part about me being absent all the time.

I always thought something was wrong with that. I had better grades than most of the students and spent only half the time there. Sure, if I was there every day I might have made a 4.0, but who cares? Is the difference between a 4.0 and a 3.66 really worth half a year?

You might say I was just lazy. Why spend all your time sitting in class when you can find better things to do? While others were sitting in class, I was learning to design, running a printing press, or something else I thought was interesting. [Read more...]

Great Deal From SitePoint Today Only

SitePoint SaleEvery day this month, SitePoint is putting together a crazy deal on their special sale website. Today’s deal includes my book, Online Marketing Inside Out. It’s a great value for anyone looking to promote their website and make money on the Internet. The bundle includes:

  • Online Marketing Inside Out ($29.95 value)
  • Darren Rowse’s 31 Days to Build a Better Blog eBook ($19.95 value)
  • The Web Site Revenue Maximizer Kit ($197 value)

At a value of $226.95, it’s a great deal at only $99.95 + shipping. The only downside is it’s only good today, December 4, 2009. You can order the bundle here.

(Disclaimer: NOT an affiliate link but it does include my book so I am a little biased)