I have to do more in 6 months than people do in 20 years!
A few years ago, on the sidelines of the trial of the trillion-dollar divorce between the founders of Trung Nguyen Group, Mr. Dang Le Nguyen Vu had many opportunities to share his entrepreneurial journey. When asked if it was difficult at the beginning of his business, Mr. Vu said it was very difficult.
“There were no advantages, it was very difficult at that time. Actually, there is a saying that follows Qua all the time. The first is when comforting yourself when you are too tired: “God, before giving a big job to someone, you must torture people. That’s it” It’s not zero anymore. Now it’s conditional on everything. It’s the environment. In the past, Qua was a negative number, not a zero.” Mr. Vu replied.
Of course, in order to have a strong Trung Nguyen like today, Mr. Vu believes that it is necessary to think big.
“When Qua was born, it was different from other people. Qua’s first solstice was very big. In the past, people put “base” but Qua had to write “company”. Qua told his students, 6 months I have to do 20 years more than others do. But you have to be able to do it. But it’s so tiring“, he advises young people who want to start a business.
Today we tend to think of the success of famous billionaires like Bill Gates, Warren Buffett or Dang Le Nguyen Vu in terms of wealth and achievements. These metrics are not wrong, but the problem is that we are so obsessed with these achievements that we ignore the sacrifice necessary to achieve it.
Time is a factor when it comes to sacrifice. As Warren Buffett famously said, “It’s the only thing you can’t buy. I mean, I can basically buy anything I want, but I can’t buy time.” .
Warren Buffett is absolutely right. To pursue passions that deliver great value when you only have 24 hours a day, you have to give up low-value activities. Effective use of time to work 6 months as someone else does 20 years also has deep implications in the advice of the chairman of Trung Nguyen Group.
Making decisions isn’t easy, but the good news is that we all do it naturally. A 2009 study from the University of Adelaide’s School of Psychology found that people are more willing to give up choices for greater rewards than others. However, if the returns are not clear, it will be more difficult for us to give them up. That’s why it’s so important to examine the opportunity cost and return. You really have to take the time to figure out the opportunity costs and benefits of each and see what’s really worth pursuing.
Bill Gates and Warren Buffett have strategies to do this, summarized by CNBC as follows.
Check every action
Although Gates’ love for technology has helped him build a multi-billion dollar company, he refuses to let technology distract him from what’s important.
“I stopped listening to music and watching TV in my 20s. It sounds extreme, but I did it because I thought they would only distract me from thinking about software,” the billionaire wrote in a post. Posted on personal blog. He applies the same values when it comes to parenting. Gates did not allow his children to have cell phones until they were 14 years old. Bill Gates also keeps the principle of “no phone calls” during family meals.
Buffett is also not a fan of the distractions of technology. The chairman of Berkshire Hathaway does not use a computer in his office. Warren Buffett limits the distractions of the Internet by owning a flip phone – despite numerous attempts by Apple CEO Tim Cook to convince him to join the iPhone revolution.
Passions bring high value
Don’t assume that just because an activity is “productive” means it can’t be fun. The interests you pursue on the outside should always be rooted in what you are passionate about on the inside. If you find it really interesting and rewarding, stick with it. Just sitting still can do wonders for your brain. That increases your creativity, improves your decision-making skills, and may even force you to come up with creative solutions to existing problems.
For Buffett, that hobby is playing cards, a game that requires a lot of patience, strategy and tactics. “It has to be the best mental exercise out there,” he once declared. “You’ll see new situations every ten minutes. Playing cards includes weighing profit-loss ratios. You’re doing calculations all the time.”
Buffett also enjoys reading. When asked about his secret to success during a talk at Columbia Business School, he pointed to a large stack of newspapers and replied, “Read 500 pages like this every day. That’s how knowledge works. It accruals, like compound interest”. Even today, the billionaire spends 80% of his day reading.
Every hour counts
In that sense, Malcolm Gladwell explains in his book “Outliers: the Story of Success,” which discusses how part of Gates’ success is built on the foundation of the “10,000 rule.” hour”. The rule says that mastering a world-class skill takes 10,000 hours of practice. In Gates’ case, it’s the practice of programming.
Obviously, that’s a lot of time – and not all of us can afford to spend 10,000 hours mastering a skill. The results here show that Bill Gates found something he loved, spent time on it, mastered the skill, and built a business out of it. You can follow in his footsteps and of course to the best of your ability by figuring out what you have the potential to be an expert on and then choosing activities that will help you grow in that area. .
Let your mind be balanced, sober
You can still enjoy the mindless pleasures of life. Enjoy happy hour. Play cards or watch a Netflix movie over the weekend. Feel free to shop if that makes you feel better. The time Bill Gates stopped watching TV and music lasted only about 5 years. It’s just a matter of cutting back on things that are less effective, not forcing yourself to eliminate them altogether.
By Business and Marketing
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
