business

Work ethic, income, advancement, and business ownership

Just saw this: “Never let your boss convince you that ‘work ethic’ is working extra hours for free. It’s the same as writing a check to the business owner.”

Technically that’s true, a good observation, and I can’t argue with it.

Conversely, when I got out of college, my wife’s grandfather told me the phrase, “If you do more for what you’re paid to do, you’ll eventually be paid more for what you do.” As an employee, I made a lot of money with his philosophy, rapidly doubling and tripling my income.

Later, as the owner of a small business, I didn’t mind it when employees didn’t work overtime – and we always paid for overtime. I respect people who want to work forty hours a week and have a balanced life. But I also knew that those people would never become partners in our business. I never thought of it as good or bad, just a fact of business life.

Why O’Reilly no longer sells books and videos on oreilly.com

Here are some details behind why O’Reilly no longer sells books and videos on oreilly.com.

If you’re interested in business, an important part of this is seeing that O’Reilly defines itself as a distributor of knowledge. When you think in terms like that, it’s probably easier to say, “We’re not just a seller of books.” If they defined themselves only as a book-seller, they might be out of business by now.

You are free to choose your own vision

In daily life, each of us is a vehicle for something. Our choices of values determine the kinds of vehicles we are, the way we move in the world and relate to each other. All individuals (and organizations) are free to choose values that they feel are important, that express their vision.

(A quote from the book, Zen at Work.)

My oldest sister is five years older than I am, and when she was in high school she was involved in activities outside of school, like the foreign student exchange program. I was an extreme introvert and could never imagine myself doing those things, but she was very involved in making our community a better place, and I was proud of her.

Back then I didn’t know that I was free to choose my own vision ... the mental weight of being an extreme introvert kept me from seeing that. I may always struggle with being an introvert, but these days I understand that I can choose my own vision, and I do so consciously.

Five books you’ve never heard of that will change your life

From the URL:

1. Collected Maxims and Other Reflections by La Rochefoucauld

2. The 48 Laws of Power, by Robert Greene

3. Xenophon’s Cyrus the Great: The Arts of Leadership and War by Xenophon

4. Letters from a Self-Made Merchant to His Son

5. Models of my Life by Herbert Simon

6. Meditations by Marcus Aurelius

Reorganization at the company

Had an unexpected reorganization at the company today.

Moved the desk around, re-positioned some lamps. (I work from home.)

DispatchHealth - Denver, Colorado Startup Business of the Year

A company named DispatchHealth just won an award for the 2016 Denver, Colorado “Startup Business of the Year,” as awarded by the Denver metro Chamber of Commerce. Per their website, “DispatchHealth is bringing back the house call. Our skilled medical team arrives with the tools necessary to provide simple to advanced healthcare in the home or workplace.”

Stock market and business definitions (cheat sheet)

This page is my personal “cheat sheet” of stock market and business/accounting definitions. I don’t offer many explanations of things, but I generally link to the Investopedia website for more details. It’s also safe to say that this page is a work in progress.

The Accounting Equation

Equation: