Every morning I sit and journal for 20 minutes to unload my mind and declutter my thoughts. If you’ve ever read The 5 am Club by Robin Sharma, then you know what this 20/20/20 rule is all about. I digress though. If you want to know what it’s about you’ll have to read the book. Wink Wink. Once I’m done with this journaling practice, I write down 5 things I am grateful for that day. It can be as complicated as, “I am grateful for the ability to shift my focus to things I can control when I am burdened with situations that are out of my control.” Or they can be as simple as. “I am grateful that I woke up today or for the roof over my head.”
Business Strategy vs. Business Tactic
Strategy: an action plan that you will take to achieve a final goal. These are set to help businesses figure out what their long-term goals are. Tactic: individual steps taken to help the business achieve the end goal. These two work synonymously together to help a brand reach its goals. Both are necessary for brand success. How do you know if you have a good strategy and a good tactics plan?
Calculating Risk vs Reward
We all make mistakes, especially in business. But to repeat those mistakes is another story. Making mistakes are important. It is how we learn and improve as business owners. In business there will always be risks involved. But sometimes you must weigh the risks vs the rewards to see if that risk is even worth taking. But how do we do that? How do you discern whether those decisions foolish or calculated? Let’s first define a calculated risk.
