Two success habits to get yourself ahead of the crowd

There are good habits and there are also bad habits. And the great news is that we have control over which habit to form.

Habit is a regular practice or tendency, which often is hard to give up. Habit is an automatic reaction to a specific situation. Habit can be addictive such as drugs… (Dictionary)

We have many habits whether we know them or not. Something we do repeatedly long enough will become a habit. Check in your experience for yourself to see the force of habit such as which foot you put your shoe on first, your daily sleep schedule, ….even how you work.

There are good habits and there are also bad habits. And the great news is that we have control over which habit to form (yes, it’s hard and tedious and of course requires discipline to form good ones).

From my own experience as well as deep study of successful billionaires (they are often older than 80 years old and have lived long enough to prove what works and what doesn’t), these two habits will serve us and form a basic for great successes.

The first one is habit of promptness. This includes being on time to an appointment. It is to pay debt when it’s due. It is to meet an obligation or keep a promise of any kind. Essentially, promptness is being a person of integrity, a person of one’s own word. If you are what you say you are, you are much further ahead of the crowd. People can count on you and want to do business with you.

The second one is habit of thrift. Thrift element is often a deciding factor to any business success formula. By being thrifty, one will instantly recognize any opportunity to lower overhead and production cost. This will translate into increasing profit. In addition, a person of thrift will always have a reserve. A reserve will enable one to meet contingencies and carry one through tough times. A reserve will also make it possible for one to expand or make improvements without having to borrow.

Practice those two habits (promptness and thrift) until they become your second nature. They will greatly help you achieve your goals.

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About the author: Hoan Do is a certified leadership coach. Hoan have led multiple teams at Symantec Inc. across the globe delivering world-class solutions to protect consumers and businesses. Hoan is an expert in building highly performing teams. He believes that the best leader is the leader that could grow his followers to be leaders. Hoan has been organizing mastermind groups to share with other leaders about transformational leadership and coaching. He has trained many leaders via mastermind groups, workshops, and one-on-one coaching.

If you would like to have a conversation, open your email and send me an inquiry at coach@hoanmdo.com

Masayoshi Son: how to build a billion dollars company from a big dream

Masayoshi Son is the founder of Softbank and the richest man in Japan. He’s known to the world as:

  1. Lost 99% net worth ($70 billion) overnight in the dotcom crash.
  2. Invested $20 million into Alibaba which is now worth $140 billion
  3. Bought Vodafone Japan for $15.1 billion
  4. Bought 70% Sprint for $20.1 billion

When asked what he would want people to remember about him after he leaves the earth: “A crazy guy who bets on the future.”

The following is the except from Son’s interview with HBR in 1992 when Softbank was 10 year old. This is how Masayoshi Son started Softbank:

For a year and a half, I did research and made business plans. While I prepared, I had no income. I spent money, I had a new baby. My wife was worried. All my friends, my father, my mother, everybody was worried. They asked me, what are you going to do? You spent years studying in the United States, and now you aren’t doing anything. I spent all my time just thinking and thinking, studying what to do. I went to the library and bookstores. I bought books, I read all kinds of materials to prepare for what I would do for the next 50 years.

I came up with 40 new business ideas—everything from creating software to setting up hospital chains, since my wife’s father is a doctor and has a hospital. Then I had about 25 success measures that I used to decide which idea to pursue. One success measure was that I should fall in love with a particular business for the next 50 years at least. Very often, people get excited for the first few years, and then, after they see the reality, they get tired of the business. I wanted to choose one that I would feel more and more excited about as the years passed.

Another factor was that the business should be unique. That was very important to me. I didn’t want anyone else doing exactly the same thing. A third was that within 10 years I wanted to be number one in that particular business, at least in Japan. And I wanted to pick a business where the business category itself would be growing for the next 30 to 50 years. I didn’t want to choose a sinking ship.

I had all those measurements, about 25 in all, and 40 new ideas. I took a big sheet of paper, and I drew a matrix and put down scores and comments for each. Then I picked the best one, which turned out to be the personal computer software business. That was the start of Softbank.

…….

I thought about making software myself and starting a software business, like I had done while I was at Berkeley. But, I thought, if I make good software, who would sell it? Making software and selling software are entirely different businesses. Even if I make good software, if there’s no one to sell it, I’d have to close the business.

I looked around for someone who was selling software, and I couldn’t find anyone. So, I thought, if no one is going to do it, I should do it. I made a list of the software producers and went to see them to find out what kind of software was available.

………

I had a very long-term vision. I didn’t have any evidence, but I believed in myself. I believed that someday I would have a very big company, a global business, and a very successful company.

While in college, Masayoshi Son wanted to become financially independent as soon as possible. He started looking for jobs that only required 5 minutes working and would pay $10,000 a month. His friends thought he was crazy. There were illegal jobs such as selling drugs but Masayoshi Son did not want to do anything illegal.

Masayoshi Son learned from Konusoke Matsushita, the god of management, that inventions can generate money. He set out to do inventions. His goal was to have a new idea for inventions every day. He would set his clock to go off in 5 minutes and in these 5 minutes he would come up with one invention. He wrote all those ideas in a notebook. This notebook has 250 ideas logged.

Through this process, Masayoshi Son chose one idea and created a patent which later sold to Sharp for $1 million. This was when he was still at University of California Berkeley and 21 years old. When also in college, Masayoshi Son create video games and later sold for $2 million when he returned to Japan.

Reference: https://hbr.org/1992/01/japanese-style-entrepreneurship-an-interview-with-softbanks-ceo-masayoshi-son

Quotes from Masayoshi Son:

“Life is short. I will regret if I don’t act boldly when I am young.”

“Because time is limited. We must live life to the fullest.”

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Other popular articles:

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  2. Making 6 figures? How to avoid being one of 69% of Americans who have less than $1000 in the bank.
  3. How to guard yourself against negative influences
  4. Making 6 figures #2? How to avoid being one of 29% of American households with no retirement savings
  5. This simple skill is worth millions, helped many become millionaires, billionaires
  6. A SPECIAL GIFT FOR YOU – WHY SHOULD I HIRE A COACH?
  7. How to get your dream job with no experience – Lessons from Bill McDermott
  8. Life lessons from a Uber driver who was laid off
  9. 20 minutes that can change your life

About the author: Hoan Do is a certified leadership coach. Hoan have led multiple teams at Symantec Inc. across the globe delivering world-class solutions to protect consumers and businesses. Hoan is an expert in building highly performing teams. He believes that the best leader is the leader that could grow his followers to be leaders. Hoan has been organizing mastermind groups to share with other leaders about transformational leadership and coaching. He has trained many leaders via mastermind groups, workshops, and one-on-one coaching.

If you would like to have a conversation, open your email and send me an inquiry at coach@hoanmdo.com

 

Warren Buffett – Educational videos

The following is a collection of videos of Warren Buffett. There are few videos of him that I watched and listened to for the entire year repeatedly everyday when I was learning value investing. I hope it will helps you as well.

P/S: if you find a new video of his, I’d appreciate you to leave the link in the comment

HBO documentary of Warren Buffett in 2017 (#mustwatch):

Warren Buffett shared great lessons for small businesses and entrepreneurs :

Warren Buffett at University of Nebraska 2003:

Warren Buffett speaks to University of Georgia students in 2001:

Warren Buffett on how to stay out of debt (#mustwatch)

Warren Buffett & Bill Gates talk to students

Warren Buffett in India (#mustwatch)

Berkshire Hathaway Annual Meeting playlist

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Other popular articles:

  1. Leaders are readers
  2. Making 6 figures? How to avoid being one of 69% of Americans who have less than $1000 in the bank.
  3. How to guard yourself against negative influences
  4. Making 6 figures #2? How to avoid being one of 29% of American households with no retirement savings
  5. This simple skill is worth millions, helped many become millionaires, billionaires
  6. A SPECIAL GIFT FOR YOU – WHY SHOULD I HIRE A COACH?
  7. How to get your dream job with no experience – Lessons from Bill McDermott
  8. Life lessons from a Uber driver who was laid off
  9. 20 minutes that can change your life

About the author: Hoan Do is a certified leadership coach. Hoan have led multiple teams at Symantec Inc. across the globe delivering world-class solutions to protect consumers and businesses. Hoan is an expert in building highly performing teams. He believes that the best leader is the leader that could grow his followers to be leaders. Hoan has been organizing mastermind groups to share with other leaders about transformational leadership and coaching. He has trained many leaders via mastermind groups, workshops, and one-on-one coaching.

15 must-have skills to land a job

Be aware of the skills most employers are looking for regardless of the position you are seeking.
Those include:
  1. Being punctual. Arrive on-time, preferably early, and stay till the quitting time, better live late.
  2. Being dependable.
  3. Having a good attitude.
  4. Having drive, energy, and enthusiasm.
  5. Wanting more than a paycheck.
  6. Being self-disciplined, well-organized, highly motivated, and good at managing time.
  7. Handling people well.
  8. Using language efficiently.
  9. Being committed to teamwork.
  10. Being trainable and loving to learn.
  11. Being project-oriented and result-oriented.
  12. Being good at problem-solving.
  13. Having integrity.
  14. Being loyal to the organization.
  15. Being able to identify market trends and opportunities.

 

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Other popular articles:

  1. Leaders are readers
  2. Making 6 figures? How to avoid being one of 69% of Americans who have less than $1000 in the bank.
  3. How to guard yourself against negative influences
  4. Making 6 figures #2? How to avoid being one of 29% of American households with no retirement savings
  5. This simple skill is worth millions, helped many become millionaires, billionaires
  6. A SPECIAL GIFT FOR YOU – WHY SHOULD I HIRE A COACH?
  7. How to get your dream job with no experience – Lessons from Bill McDermott
  8. Life lessons from a Uber driver who was laid off
  9. 20 minutes that can change your life

About the author: Hoan Do is a certified leadership coach. Hoan have led multiple teams at Symantec Inc. across the globe delivering world-class solutions to protect consumers and businesses. Hoan is an expert in building highly performing teams. He believes that the best leader is the leader that could grow his followers to be leaders. Hoan has been organizing mastermind groups to share with other leaders about transformational leadership and coaching. He has trained many leaders via mastermind groups, workshops, and one-on-one coaching.

If you are curious about the above method and how you can apply it to your life successfully, open your email and send me an inquiry at coach@hoanmdo.com

Brilliant response to those who say “stay-at-home moms and housewives don’t work “

I saw a post from a friend on Facebook saying that a post from a tattoo artist Ryshell Castleberry has been shared more than 400,000 times. Ryshell shared an imaginative conversation between a husband and a psychologist. The more the husband responded to the psychologist, the more he revealed how much work his say-at-home wife does.

The only thing I’d add to Rushell’s post is that stay-at-home mothers are real leaders and. exercise leadership effectively. My friend wrote a book called “Fatherhood is leadership. There should be a book called “motherhood is leadership”.

I am sharing the conversation below as it’s very powerful. Thanks Ryshell for the great post.

Please share it with all the stay-at-home moms, and anyone really, and especially guys who ever have a thought that stay-at-home moms don’t work.

Conversation between a husband (H) and a psychologist (P):

P: what do you do for a living Mr. Rogers?

H: I work as an accountant in a bank.

P: Your wife?

H: She doesn’t work. She’s a housewife.

P: Who makes breakfast for your family?

H: My wife, because she doesn’t work

P: What time does your wife wake?

H: She wakes up early because it has to be organized. She organizes the lunch for the children, ensures that they are well-dressed and combed, if they had breakfast, if they brush their teeth and take all their school supplies. She wakes with the baby and changes diapers and clothes. Breastfeeds and makes snacks as well.

P: How do your children get to school?

H: My wife takes them to school, because she doesn’t work.

P: After taking their children to school, what does she do?

H: Usually takes a while to figure something out that she can do while she is out, so she doesn’t have to pack and unpack the carseat too many times, like drop off bills or to make a stop at the supermarket. Sometimes she forgets something and has to make the trip all over again, baby in tow. Once back home, she has to feed the baby lunch and breastfeed again, get the baby’s diaper changed and ready for a nap, sort the kitchen and then will take care of laundry and cleaning of the house. You know, because she doesn’t work.

P: In the evening, after returning home from the office, what are you doing?

H: Rest, of course. Well, I’m tired after working all day in the bank.

P: What does your wife do at night?

H: She makes dinner, serves my children and I, washes the dishes, orders once more the house, makes sure the dog is put away as well as any left over dinner. After helping children with HW she gets them prepared to sleep in pajamas and the baby is in fresh diapers, gives warm milk, verifies they brush their teeth. Once in bed she wakes frequently to continue to breastfeed and possibly change a diaper if needed while we rest. Because she doesn’t have to get up for work.

 

 

-This is the daily routine of many women all over the world, it starts in the morning and continues until the wee hours of the night… This is called “doesn’t work”?!

Being a housewife has no diplomas, but has a key role in family life!

Enjoy and appreciate your wife, mother, grandma, aunt, sister, daughter… Because their sacrifice is priceless.

Somebody asked her…“You are a woman who works or is it just “housewife”??”

She replied:

I work as a wife of the home, 24 hours a day..
I am a mother,
I am a woman,
I am a daughter,
I’m the alarm clock,
I’m the cook,
I’m the maid,
I am the master,
I’m the bartender,
I’m the babysitter,
I’m a nurse,
I am a manual worker,
I’m a security officer,
I’m the adviser,
I am the comforter,
I don’t have a vacation,
I don’t have a licence for disease.
I don’t have a day off I work day and night,
I’m on duty all the time,
I do not receive salary and…

Even so, I often hear the phrase: “but what do you do all day?” Dedicated to all the women who give their lives for the welfare of their families

The woman is like salt: Her presence is not remembered, but its absence makes everything left without flavor.

Share with all the beautiful ladies of your life.