Capitalist economies grow
(You know that old story about the poor guy who wins the lottery and where he is in 5 years?) Capitalist economies grow because they reward wealth to it's creators, who have already proven they know how to invest it and increase it. Can you be a creator and…
Meritocracy at work
I don't pay some people more because they have been here longer, because of their age, or for any title. I pay them based on the value they bring to our customers and goals. It's the right thing to do. What do you think?
Process
There's a process for getting the results you're getting now - it's what you're doing. There's also a process for getting the results you want. Do you know it? Do you follow it?
Social Program Administrator
The best social program going is a job. Businesses like yours create jobs by adding value to their customers lives, so that those customers freely exchange money for the company's product or service. Congratulations! You are making the world a better place and taking care of people!
Trust
You can't own trust. It's a two way exchange, and given to you by others. It's a mutual relationship of transparency and sharing. There more ways you can reveal your authentic self, listen to others, and give them control, the more you will build trust. Do your people trust…
Go Home
It's 6 pm and you still have lots of work you think you need to do. Your family needs you. Dinner is ready. You are pulled in two directions and you feel the pressure and frustration. What do you do? Is it worth having a poor family life and regrets…
Just do it
On the job and elsewhere, trying is the best way to learn. Try it, get stuck, ask questions, keep going. Are you and your employees learning on the job?
Let Employees Breathe
When a tree grows in a crowded forest it competes with others and can only grow one way - up for survival. They're all skinny and weak, none reach their full potential, and many don't make it. When a tree grows in a field it expands multi-dimensionally, and becomes…
The smartest person in your company
If that's you, you are training everyone to copy you, and all your people have the same weaknesses (and blindness to knowing where the gaps are). Hire some people with different knowledge, skills and personalities. Diversity is good.
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Larry, the “fly in the ointment” in the 3 minute video is whether the value of those savings is maintained or decreased. Those “greenbacks” you see floating around in the video are to be presumed to be maintaining their purchasing power. The problem with our dollar is that once President Nixon severed all ties between the dollar and gold back in 1973, the dollar has been allowed to “float” in relation to other currencies. This has led to the cycles of inflation and deflation our economy has experienced since 1973. Even the oil shocks were more the consequence of the dollar losing value because our central bank was managing the value of the dollar poorly.
Overall, the video is correct, but it depicts a very simplified scenario. Take the Fed out of the picture and anchor the value of the dollar to something like gold, which cannot be manipulated by central bankers, and the scenario presented will be “spot on.”