These reviews
Recently, no, I just read the book moat of Life today. I thought it was interesting.
Compare life to a company
The author tries to look at life from a new Angle. Think of life as a company and let business thinking inspire us.
What is business thinking?
The business model of search engine is search advertising.
The business model of game companies is items.
The business model of a bank is the spread between interest rates on deposits and loans.
The business model of fund companies is commissions.
A business model should be a source of capital to run a business for a long time.
So if life is a company, what is our business model? Most people’s business model is to sell their time and skills in exchange for money and compensation.
A good business model is the premise of high economic returns and also the key to help individuals stand out from the competition. The moat of life
So what other business models do we have in our lives besides time and skills?
- No leverage sell time, that is, unit time can only sell once. That’s what we do when we work
- There is leverage time, that is, it can be sold multiple times per unit of time, and it can be sold to multiple people. The leverage ratio is limited to individual brands. Software products can be considered to have leverage to sell time. Once a product has been produced, it can be replicated at very low cost.
- Buy time
- Pay for the time of the badass
No leverage selling time
Why do most of us work so hard that we end up being “downsized after 35”? Because we’ve always chosen the “wrong” business model. This business model is not sustainable enough to sustain us into our 40s. Let’s look at the business model.
Let’s start with the good point. It is easy to be productive at the beginning and pay is visible. If you show up on time, if you show up on time, if you show up for a day, you’ll get a day’s pay. And in the early stage, the rise of wages is also very objective. There are cases where wages can be doubled in just a few years.
However, it’s also because you get a day’s pay for every day that you sell your time that you don’t get paid. It doesn’t matter how long you work, one year, five years, ten years, when you stop working, you don’t get paid anymore. Another is that the later, the increase in wages is not large, basically a year can have a 10% is not bad. Maybe even get laid off later.
There is leverage to sell time
But once we know the pros and cons of selling time without leverage, our inner desire is to get out of this place and find another place where we can continue to grow. Yes, many people have started to run official accounts and write articles, which is a kind of income that can be leveraged to sell time. As long as you write an article, as long as you have enough fans, it will bring you several times the revenue. At this point, you become the artist, the writer of this role. However, the disadvantage is that it is very difficult at the beginning. Many professional writers earn very little to support their families.
If you know the concept of compound interest, this is actually compound interest. Selling time without leverage is a matter of no compound interest. No matter how much effort you put in at the beginning, no matter how long you stick with it, once you stop doing it. Then it’s not going to be profitable for you. You have leverage to sell your time. The more you work hard and devote your time and energy to writing, the more people will know you, know you, and know you. In this way, from a small number of people supporting you at the beginning to more and more people will support you and be influenced by you. In the end, it will do you more and more good. That’s a compound interest thing.
Compound interest is the process by which A strengthens B, and B in turn strengthens A. Study hard – An Improved Guide to Personal Knowledge Management
This is today’s moat of Life.
About writing
From now on, I will write an article here every day, with no limit on subject matter, content or word count. Try to put your daily thoughts into it.
If this article has helped you, give it a thumbs up and even better follow it.
If none of these are available, write down what you want to say when you finish reading? Effective feedback and your encouragement are the biggest help to me.
And I’m going to pick up my blog. Welcome to visit and eat watermelon.
I’m shane. Today is August 21, 2019. Twenty-eighth day of the hundred day Writing project, 28/100.