Danny Choo is an entrepreneur in Japan. He once worked for Amazon Japan and Microsoft Japan. Now he worked for himself.
He recalled his years in Amazon and Microsoft (some interesting comparisons herein), then gave out his two cents which I will always remember.
“Never let yourself get to comfortable and fall into the Comfort Zone as it can be difficult to get out.
Always have a grasp of your achievements and how much you want to grow within a company.
If you feel there is no more room to grow then it may be a prompt in life that there are no more pieces of your life jigsaw puzzle to be collected where you are – time to move on.“
This March, “The Maker” Magazine interviewed Warren Buffett.
The interview is quite long, and Buffett carefully answered all the questions. If you want to know his thoughts about nearly everything, I think you should read this piece.
There are two parts I got most enlightments.
The first is he said how to find a good manager who work for you.
“If I had someone managing an apartment building for me, my arrangement with him is important.
It’s important not only in terms of how the profits will be shared, it’s important in assessing the person’s attitude.
You want someone running a place that looks at you as a partner and not as an adversary.“
The second is he said how to defense the inflation.
“The ultimate defense against inflation is your own talent, your own earning power.…Next to your own talent the best thing to own is a business with talent.
So I always emphasize to students, develop your own talents, no one can take them away from you, no one can even tax you until you start bringing money in from them. And inflation can’t take your own talent away from you.”
There is a programmer’s joke:
“Some people, when confronted with a problem, think ’I know, I’ll use regular expressions.’ Now they have two problems.”
According to it, we could make a similar joke:
“Some people, when confronted with a problem, think ‘I know, we’ll just work some overtime.’ Now they have two problems.”
The first problem is their original problem, and the second problem is their working overtime.
Why overtime is bad?
Because it leads to:
- Undertime – low efficency in regular working time
- A Demotivated team
- Turnover – employees will quit, which in turn results in a loss of tacit knowledge to the organization
- A reduction in quality
- Lack of predictability and increased variance