Wednesday, December 19, 2012

Future Proofing: Selling (Part 1 of 2)

With all this talk of the world ending on Friday, at least to those who believe the Mayan Calendar.  One of the unintended consequences of this quirk of time keeping is that many people are taking long views of their lives and asking questions that they had never really considered before.

Some of them are the obvious, the meaning of life, what am I doing with my life, why am I in this relationship, why am I living in this situation, etc.

Couple this with the traditional New Year’s Resolutions that people will inevitably make, stop smoking, lose weight, start a diet, write a book, read more books, etc, there are a lot of questions that are being asked and answers few and far between.

One of the strategies that some do is read what successful people do, and then emulate their thoughts and conduct and hope by osmosis or formulaic behaviors will bring them success.  (I do find it funny that many of these people will not even define success but that’s another story.)

One of the patterns that  separate successful people from those who are not is successful people ask questions:  When buying a stock, successful people answer the question “when am I going to sell this stock”?  This implies a strategy for buying and selling where unsuccessful people will simply open an account and buy stocks not thinking of when they should be sold.

Many people start businesses and never answer the obvious question, “when should I get out of this business which I am starting up?”  Usually the answers are death, forced retirement, or when some random person comes around and makes an offer to buy the business.  As you can imagine, this leads to unsuccessful results.
So, in our series on future-proofing, let’s go over this question: When are you going to leave the bot business?  I will expound on this topic next time.

No comments:

Post a Comment