- The 80/20 rule
The 80/20 rule, also known as the Pareto Principle, states that 80% of the results come from 20% of the causes. This means that 20% of your activities are likely to produce 80% of your results.
2. Assume Rapport
Assuming rapport is a great way to make a good first impression. When you approach a new person with the mindset that you already know and like them, it shows confidence and makes them feel more comfortable. This can lead to more natural and engaging conversations.
3. How to manage your time
Time management is an essential skill that can help you be more productive and less stressed. There are a few different ways to manage your time:
- Set priorities.
- Break down large tasks into smaller ones.
- Schedule time for specific tasks.
- Take breaks.
- Learn to say no.
4. Mistakes and failures are good
When you are young you just try things and fail until you learn. As you grow a bit older, you learn from – for example – school to not make mistakes. And you try less and less things.
This may cause you to stop being proactive and to fall into a habit of being reactive, of waiting for someone else to do something.
Don’t be afraid to fail. Failure is a part of learning and growing.
5. How to manage stress
Stress is a normal part of life, but it can be harmful if it’s not managed effectively. There are a few different ways to manage stress:
- Exercise regularly.
- Get enough sleep.
- Eat a healthy diet.
- Practice relaxation techniques, such as yoga or meditation.
- Talk to a therapist or counselor.
6. How to build a network
Your network is made up of the people you know and the people they know. Networking can help you find a job, get a promotion, or start a business. There are a few different ways to build your network.
Attend industry events. Join professional organizations. Reach out to people you admire. Be helpful and supportive.
7. How to invest
Investing is a great way to grow your money over time. There are a few different ways to invest, so it’s important to do your research and find an investment strategy that’s right for you.
Start small. Don’t invest more than you can afford to lose.
Diversify your portfolio. Don’t put all your eggs in one basket.
Be patient. Investing is a long-term game. Don’t expect to get rich quick.
8. How to read a balance sheet
A balance sheet is a financial statement that shows a company’s assets, liabilities, and equity. It can be a helpful tool for understanding a company’s financial health.
Assets are the things a company owns, such as cash, inventory, and equipment.
Liabilities are the things a company owes, such as debt and accounts payable.
Equity is the value that would be returned to a company’s shareholders if all assets were liquidated and all debts were paid off.
