- January 5, 2009
- Posted by: admin
- Categories: Blog, Business Dynamics, World Economics
GM, Lehman, AIG, CitiGroup, and of course, dear ‘Bernie’ Madoff.
With the past behind us, and a substantial part of our prospective future buried with it – many of us think about what we learned from all the economic dilemma surrounding us, and how it has (supposedly) made us better at what we do.
A minor contrast to the usual questions about 08: What is the one thing that you’ve decided NOT to do, ever again, from the last 2 fiscal quarters- business/career perspective.
(This question relates to business/career related endeavors, not otherwise).
overextend lines of credit.
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I resolve to (try to) never forget the appearances are deceiving!
Never again work without a contract on someone’s — hahahahahahaha — word. Nor do work for a start-up venture out of state. Both of these clients have cost me a lot of income and tremendous stress as a result.
Learned not to listen to others about investing — my prudence kept my money a lot safer than people who threw it all into sexier, riskier investments.
Learned not to work as hard on unpaid volunteer projects without a clear vision how they might translate into paid work, no matter how much fun.
NOT “sacrifice” life over work
1. Borrow more than you can afford
2. Invest your money into things you don’t understand
3. Trust people (like Madoff) blindly
Doesn’t everyone going into a business or career endeavor hope or expect for the best? I don’t believe anyone ever truly knows what they are getting into until they are in it.
“You can never plan the future by the past.”