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Business Lessons You Can Learn from Poker

posted from https://www.dumblittleman.com/play-poker-online/

Business strategists routinely cite several games when discussing the most effective methods to run an organization. Power players in the business world often refer to games like chess, soccer and even poker when deciding upon what strategy to use.

Unfortunately, too much emphasis is placed on the knowns – playing your cards close to your chest, bluffing when appropriate etc. These clichéd adages will not add value to your business operations unless you understand the psychology beneath these references.

Poker Pros and Business Leaders: A Deeper Understanding

poker

World-class poker players and strategic business people have many things in common. They know how to read situations and they both have big match temperament. Winning the war is what they do, even if it means losing a few battles along the way.

An astute poker player is much like an astute business person. Both of them have great mental acuity to understand what is needed in a situation and how they can make the most out of their resources and environment.

Of course, it pays to be humble in victory and gracious in defeat. Nobody likes a braggart in the game of poker or in the game of life. And nobody likes a sore loser, too.

In business and in poker, everybody wins and everybody loses at some point or another. The goal is to smoothen out that whipsaw motion and build a strong uptrend over time.

Fold to Play Another Day

poker play

The world’s most skilled poker professionals take it all in their stride, much like the legendary business people of our time – Bill Gates, Steve Jobs and Richard Branson.

Business and poker are predicated on hard data and not on intuition. Professional online poker players dabble in numbers, whether it’s Texas Hold’em, Omaha Hi-Lo, Stud or Razz.

Pro players know how to pick their battles. They are strategic about the games they play and the competition that they go up against. They carefully pick the right variant of the right game and the right betting structure.

Whether it’s pot limit, fixed limit or no limit, be sure that your bank account can service the game’s requirements.

It is no secret that the world’s finest poker players, such as Nate Silver, are experts at probability. They are skilled at adopting a multi-option approach to betting and the associated probabilities.

In much the same way, a typical business person cannot expect his high-tech startup to be as big as Instagram, Twitter or Facebook. That is simply delusional thinking. Poker players aren’t expected to continuously pull an inside straight flush either.

The game of life, like the game of poker, is based on reality. The shrewd player knows how to manipulate odds in his/her favor by molding the situation to expectations.

Defeats Serve as Lessons

Poker players and business professionals should bear in mind that losing is okay. What’s not okay is accepting defeat and not learning from it. Everybody loses a hand every now and then since there are things that are out of our control.

If you are given lemons, learn how to make a lemon juice. If you know you have an edge over your competition, make sure to maximize that edge by fully exploiting it.

It’s okay to sacrifice short-term profits for long-term gains as that is the name of the game. Many business professionals and market leaders make seemingly silly short-term decisions. Why did Amazon founder and CEO Jeff Bezos purchase the Washington Post? We’ll know in the long-term.

Perhaps the most important lesson we can take from poker players and business professionals is the following: Don’t throw good money after bad. You must know when to throw in the towel so that you can live to play another day.

Most skilled online poker players and traditional poker players sit out most starting hands. They simply don’t want to chase down pots with weak hands.

It never pays to get baited into a game if you don’t have the goods to deliver. Fold now and live to play another day. In a no-win situation, why waste valuable resources? If you’re dealt a poor hand, suck it up and toss in your cards. Be patient since it can’t rain all the time.

See Also: 7 Poker Skills You Can Use in Real Life

The post Business Lessons You Can Learn from Poker appeared first on Dumb Little Man.


By |November 15th, 2017|Categories: Blog|

3 Things to Do Before You Quit Your Job to Become an Entrepreneur

posted from http://feedproxy.google.com/~r/pickthebrain/LYVv/~3/j3iTiq8wDi0/

You're reading 3 Things to Do Before You Quit Your Job to Become an Entrepreneur, originally posted on Pick the Brain | Motivation and Self Improvement. If you're enjoying this, please visit our site for more inspirational articles.

Being a successful entrepreneur and running your own business is hard. If you dream of quitting your job to become an entrepreneur, there are 3 things you should do today, in your current job, before you take the leap.

Create a Part-Time Side Hustle

Before you leave the comforts of your reliable health coverage and paycheck, start small and do some of your entrepreneurial work part-time. Find a way to create a side hustle to test your idea before going all in and quitting your job. It does require that you spend your free time working, but you will be further along when you do decide it's time to quit. Ideas to consider before you quit:
  1. Create a website to sell or promote your idea and start testing who responds favorably.
  2. Spend your weekends and evenings creating your business plan and share with friends and mentors for feedback.
  3. Attend networking events related to your idea. Start to build your tribe of potential clients, customers, or supporters.
The opportunity to launch your own company is an enticing one, be sure to do as much as you can with the stability of your current job, before you take on the risk and try to launch your new idea.

Evaluate Your Current Job

Before you quit your job, ask yourself this question: are my ideas and passion something I could tap into with my current job or company? If you can become an intrapreneur and launch new ideas and products within your current role, that could be the entrepreneurial sweet spot you are craving. Intrapreneurs have the opportunity to create new things, but with less risk, as you will still have your company's resources available to you. NOTE: You won't have the same upside as a wildly successful startup. You won't have the same equity in the idea as you would if you started it out on your own. That said, starting something new, right where you are, could be great practice and just the training wheels you needed to get your entrepreneurial feet wet and ready to do your own thing.

Assess Your Needs

Make sure being an entrepreneur is what you want. Do you need a change? Are you passionate about seeing your idea come to fruition? These are great reasons to become an entrepreneur, but you also need to be equipped to handle failure, rejection, and ready for the long-term implications that entrepreneurship brings. Start by spending time self-reflecting on what would help you tap into your passion. Talk to mentors that know you, and start to uncover your internal motivations, and how you could get closer to your goals. Also, spend time identifying what infrastructure you require to succeed. For example, do you need a steady paycheck to support your family? Do you work best when surrounded by a collaborative team? Think about how you will you manage the ambiguity that comes with entrepreneurship, and not having the built-in support and structure your current job provides.

Proceed with Caution

If you take these 3 steps, you will be better equipped and ready for launching your own product or service as an entrepreneur. It delays quitting your job today but gives you some tools to leverage if you do take the plunge further down the line. Taking these steps will ultimately ensure that you make a career choice that will make you happy and lead to success.

About the Author:

Entrepreneur turned intrepreneur. Co-founder of Pick-A-Prof and MyEdu. Launched new products at the California Department of Education and IDEO. Karen’s work has been highlighted in media publications including The New York Times, TechCrunch, NPR, CNN, and more. She has spoken at SXSW, COIN, Tech for Schools, EDVenture, and worked with companies and organizations across the public, civic, and non-profit sectors. You can follow Karen by visiting her blog or connect via Facebook and Twitter.    

You've read 3 Things to Do Before You Quit Your Job to Become an Entrepreneur, originally posted on Pick the Brain | Motivation and Self Improvement. If you've enjoyed this, please visit our site for more inspirational articles.


By |November 15th, 2017|Categories: Blog|

Staying Focused At Work: How To Be Productive In A Challenging Environment

posted from https://www.dumblittleman.com/staying-focused-at-work/

A lot of organizations deal with challenges like maintaining productivity and quality of work. Employees constantly complain about the increasing chaos that hampers their productivity and this directly affects the business. Because of that, managers are quite pressed to find a solution that can motivate their team members while boosting their productivity.

In this article, we’ll share with you few essential tips on staying focused at work.

Prepare a To-Do List

prepare to do list

Half the battle is won once you prioritize your tasks. Make a master list of what needs to be done.

For example, you can put all tasks that require urgent attention under “A”.  Create a list “B” for things that are important but not urgent and List “C” for tasks that can wait for a while. Complete all tasks under “A” first before you move on to “B” and “C”.

Plan your day through these lists and set realistic deadlines to accomplish each one of them. Once you’ve completed everything, don’t forget to reward yourself to keep your spirit up. When you start prioritizing, you won’t just be focused but efficient, too.

Start With Cognitively Challenging Tasks

After preparing your to-do list, start with cognitively demanding tasks. Suppose your List “A” has three tasks. Start with the most difficult tasks before moving on to the easier ones. Do the same thing for the “B” and “C” lists.

Once you complete the difficult tasks, you are all set for the rest of the day. Now, you can relax and take care of the other tasks that aren’t as mentally draining.

Schedule Your Work

Don’t overstretch yourself with your work. Rather, split your work into segments and sub-segments. Try working within a 2-hour window and then take a break. Don’t sit for more than two hours at a stretch or else you’ll feel exhausted. Even a leading study suggests that “Sitting is the New Smoking”.

To avoid such burnouts, take a walk to revitalize your brain, allowing it to concentrate better. Though breaks are essential for a healthy workday, you must learn to take them with a pinch of salt. Frequent breaks can be addictive and can hamper work.

To draw a line, you can optimize your breaks by doing the following:

  • Schedule your breaks
  • Keep a track to ensure you are not overdoing or under doing your breaks

Learn to Set Priorities

Responding to each and every request of your co-workers can immediately affect your focus, preventing you from doing deep work. If you have a habit of entertaining every request, you are most likely to lose your value. On top of that, tackling on-the-fly requirements can also deplete your focus.

With that, you have to make others understand that their requests will be entertained but only once you are finished with your priorities. For better focus and results, it’s also important to avoid indulging in non-work related discussions or “grapevine.”

If there are sudden urgent tasks, you can deal with them with a simple project management tool. Simply make a note of the new task, assign a deadline and you are good to go. Once you’re done with your current task, start finishing the others one at a time.

Desist Multitasking

It might feel tempting to do multiple tasks simultaneously to enhance your productivity. But, honestly, it just makes things worse.

Multitasking drains your mind and it can cause a significant decline in your mental sharpness with time. It can prevent you from achieving your most important goals and make you more vulnerable to work errors.

Avoid Distractions

Nowadays, being online on various social media platforms is a trend. Several notifications pop up every now and then, commanding your attention. If you are constantly attending to such notifications, how are you supposed to do meaningful work?

One of the greatest tips in staying focused at work is to identify distractions and just get rid of them. While working on an important project, put your phone on silent or switch it off. If you really want to stay updated with your social media accounts, you can designate dedicated time slots to check your phone.

Be an Email Ninja

Though emails are important, they can be distracting, too. They have the potential to divert your attention from your work to something that can wait.

So, lay down personal rules and follow them religiously. Set specific times for your emails and stick with them.

Pay Attention to Chat Status

More often than not, people take your chat status wrongly. If your chat status says “available” all the time, they’ll think of it as a sign to forward more requests.

When you are doing a task that demands a razor-sharp focus, set your chat or email setting to ‘busy’ mode. Needless to say, you can change the chat status after you’re done.

Cut Outside Noise

avoiding noise distraction

Managing your focus in an office environment can be quite tricky. Until you do away with noise, you won’t be able to focus.

Limiting auditory distractions is crucial in increasing attention span. You can use noise-canceling headphones for that. If you still feel distracted, you can move to a quieter place, such as a conference room. In case that doesn’t solve the problem, opt for remote work for a day or two to regain your lost focus.

Manage Stress

Working on a crucial project with close deadlines? Growing expectations, increased competition, and pressing deadlines can increase your stress at work. This can make your productivity suffer.

To solve this, try turning on a soothing music to lower your stress and calm your mind. Apart from that, you should also pay close attention to your diet. As much as possible, avoid the following:

  • Nicotine
  • Caffeine
  • Alcohol

Don’t forget to exercise regularly and sleep well.

See Also: 4 Ways To Reduce Stress Inside and Outside of Work

Declutter Your Workdesk

Visual clutter can take away your focus, preventing you from doing any meaningful work. Therefore, you must declutter your office desk to increase work performance.

Keep everything that’s essential to your work, like your pen, notepad, marker, and files, on top of the table so you can easily get them when needed. Lock all other unnecessary things inside your drawer.

See Also: 12 Desk Hacks To Make You More Productive At Work

In Summary

Focus on bringing tranquility to your workplace, so the whole environment undergoes a positive change. You can add positive images to your work desk or you can write down quotes to boost your focus. Practice a simple routine of keeping a clean desk and make sure that you don’t leave food or other things lying on your desk.

Keep on practicing these positive habits and you’ll surely see a noticeable improvement in your productivity level at work.

The post Staying Focused At Work: How To Be Productive In A Challenging Environment appeared first on Dumb Little Man.


By |November 15th, 2017|Categories: Blog|

5 Skills You and Your Partner Need to Master to Become an Unstoppable Power Couple

posted from https://addicted2success.com/life/5-skills-you-and-your-partner-need-to-master-to-become-an-unstoppable-power-couple/

Power Couples: Those two words have to be the sexiest two words in the business world when placed together. What’s even sexier is when OTHERS label you and your significant other as a power couple.

I pride myself on being able to call my girlfriend and I a power couple. We are always on the same wavelength when it comes to goals, ambitions, and our vision. While we weren’t always such a strong couple, what it took to get to that point was a long journey of daily commitment and consistency.

In this article, I am going to share with you what has worked for our relationship over the past 6 years. While most of us feel we can run our business on our own, there are many that wish their significant other were just as involved and passionate about entrepreneurship as we are.

Stay focused on these five power couple truths and watch your relationship and businesses thrive:

1. Shared Vision & Goals

A couple should share a similar vision. Two people with a shared vision is so powerful because both people can always hold each other accountable for their goals in order to achieve that shared vision. If one person cannot buy into the other person’s vision, there won’t be the full support of the actions steps and the process it takes to achieve those goals. I personally love the fact that my girlfriend and I share a similar vision.

“The more people you help become successful the more successful you become.” – Steve Harvey

2. Effective Communication

Business or not, people need to be able to communicate effectively, which was extremely difficult to me when I first got into business. I mean, come on; up until I was 28 years old, I never even knew what “networking” was. However, over time within the business community I learned that communication in relationships is just as paramount as in business. Through solid and effective communication we have been able to understand each other’s struggles more, which has led us to daily masterminding sessions and a growth in our shared vision, mindset, and businesses.

3. Personal Development

Personal development is crucial in business and as a power couple. Being able to grow together professionally and intellectually is such an awarding feeling in my relationship. If you are both learning and growing together, imagine how strong your two minds are together. It’s a proven fact amongst entrepreneurs that focusing on personal growth builds confidence and a strong mindset. Multiply that strong mindset by two and you have one hell of a  power couple, ready to take over the world.

4. Quality Time

If you’re in an entrepreneurial relationship, chances are you have had challenges at times when it comes to quality time with your significant other. Hey, I understand. We all have a “Love for the Hustle,” and so does my significant other. She comes from an entrepreneur household and can hustle with the best of us. So the key to making sure we have our quality time is all based on time management. Remember folks, priorities first.

Although you may be supportive and you are okay with less quality time or cancelled dates, always stick to your values to each other and what’s most important to you both and your shared vision and goals. A power couple is only a power couple because of how strong and committed the two are to their relationship just as much as their business.

They know when to turn off the phone and make time for each other genuinely. Remember, with that also includes effective communication to get schedules aligned.

“The quality of your life is the quality of your relationships.” – Tony Robbins

5. Endless Support & Encouragement

A true power couple cannot stress how much support and understanding there has to be in their relationship. When you’re on the grind and you hit those roadblocks, not too many people are in your corner. As for me though, when I hit those rough chapters in business, other than my mastermind group, I know there is always one person I can count on to always have my back and bring me back into high spirits and push me further than the day before.

Bottom line, a power couple is a couple that are truly confident in their relationship and in business. Two people in a relationship with a shared goal, vision, and mindset are more powerful than business partners. You both know more about each other than you would even care to know about your business partner and accept each other through all the flaws and mistakes.

There is an unspoken commitment that goes beyond business or friendships. In my experience, being with someone who has just as much hustle as me has been a blessing. There aren’t questions about what time I will be home or who I am meeting. We know we are committed to one another and also hustling for a shared vision or our future.

What are some relationship goals every power couple should have?  Comment below!


By |November 15th, 2017|Categories: Blog|

4 WordPress Formatting Tips to Make Your Posts More Readable

posted from http://feedproxy.google.com/~r/ProbloggerHelpingBloggersEarnMoney/~3/aOslo9Evoy8/

More Readable blog posts WordPress Formatting

This post is by ProBlogger Writing Expert Ali Luke

You’ve finished your post, and you breathe a sigh of relief. After a quick edit you publish it to your blog, and wait for the comments, tweets, shares, or any sort of feedback.

But once again, you get nothing. There may as well be no-one reading it.

So what’s the problem? It could be that your writing isn’t as strong as it needs to be. But there’s also a very good chance the problem isn’t your writing.

It’s your formatting.

Over the years I’ve reviewed dozens of different blog posts, and most of them were fairly well written. But some were really let down by poor post formatting: the post just didn’t look good.

If you’re not convinced that formatting matters, compare this screenshot…

… to this one.

These are two versions of my post Six Simple Ways to Improve Your Writing Environment (and Get More Done). They both have exactly the same text. But I know which one I’d rather read.

Your readers are busy. They’re distracted. They want an easy, engaging read – not a daunting wall of text.

So what’s stopping you from getting the formatting right? Maybe one of these sounds like you:

  • You haven’t really thought about it before. You’re a writer, not a designer, and it never occurred to you to bother with formatting.
  • You’ve got a vague idea that formatting matters, but you’re not really sure how to go about doing it. What if you make your post look worse rather than better?
  • You haven’t figured out how to use the formatting features built into WordPress.

I’m going to take you through four key formatting features you can use straight away to make your posts more readable. And don’t worry. I’m definitely a words person and even I can manage these.

I’ll also be showing you how easy it is to format text using the WordPress editor. Even if you’re not using WordPress, most blogging platforms have similar features.

(As you read this, you might want to have a draft post or old post ready for editing in a different tab so you can try out the different features.)

#1: Short Paragraphs

Plenty of white space helps make your post readable. White space is all the stuff around the words. If you have short paragraphs (or lists, which we’ll come to later), you’ll already have extra space where your words can breathe.

Adding extra paragraphs is super easy. Just position the cursor wherever you want a new paragraph and hit Enter:

There’s no absolute rule on how long is too long for a paragraph. But if it goes over four or five lines, you may want to consider splitting it.

Tip: If you’re used to more formal writing (perhaps academic or business writing), having short paragraphs may seem odd. If that’s the case, you might want to read How to Write a Paragraph in 2017 (Yes, the Rules Have Changed).

#2: Subheadings

I like to think of subheadings as signposts that help orient readers within my post. Almost any post can be broken up into subsections, and each one should have a clear (and hopefully enticing) subheading.

While it helps readers who are skimming for information, it’s also useful for readers who are reading your entire post. Subheadings prevent them from feeling lost or confused along the way.

I like to use Title Case (capitalizing all major words) for my subheadings, but you might prefer to capitalize only the first word of the subheading. Just make sure you’re consistent.

To create a subheading in WordPress:

  1. Type your subheading on its own line wherever you want it in your post.
  2. Click on the subheading and select “Header 2” from the “Paragraph” dropdown.

Before:

After:

Tip: When you’re planning your post, think about the subsections and potential subheadings you want to use. This will help you create a good structure right from the start.

#3: Bold Text

Bold text is a great way to call attention to a key point or important sentence. But it’s easy to overuse, and I suggest bolding only one or two sentences per subsection (depending how long your subsections are).

Some bloggers use coloured text instead of bold text. This can work if it fits with your branding, but it can also look a bit amateurish and distracting.

To create bold text in WordPress:

  1. Highlight the sentence you want to bold.
  2. Click on the “B” in the WordPress editor.

Tip: Try to avoid bolding only one or two words – it can make your text look choppy. I also tend to bold only the first sentence of a paragraph. Having a bold sentence in the middle or at the end of a paragraph can also look a bit odd.

#4: Lists, and Using Bullet Points

Sometimes it’s easiest to write a list as a regular sentence. For instance, I might write:

In this post, we’ll take a look at paragraphs, subheadings, bold text, and lists.

But if each item on your list is more than a word or two, it will be easier for readers to take in if you lay them out using bullet points.

In this post, we’ll take a look at:

  • Paragraphs – keeping them short
  • Subheadings – helping your reader navigate your post
  • Bold text – pulling out key points
  • Lists – using bullet points

To create a list in WordPress:

  1. Set out your text as a list, with each item on a different line:

  1. Highlight the entire list and click the “Unordered List” icon, which looks like this:

Tip: This method creates an unordered list with bullet points. If you want to number each item on your list, use the “Ordered List” icon (next to the “Unordered List” icon). A numbered list will automatically renumber your items as you add new ones – even if you add them to the middle of your list.

I’m sure you’ve already seen these formatting features in use, and have tried using some of them yourself. Hopefully you’ll feel a lot more confident about using them now to make your posts more readable.

Here’s a mini-challenge for you: look back at your three most recent posts, or perhaps your three most popular ones. Try using at least two of my suggestions to improve the formatting, and let us know how you got on.

The post 4 WordPress Formatting Tips to Make Your Posts More Readable appeared first on ProBlogger.

      


By |November 14th, 2017|Categories: Blog|

A Glimpse Into The Future By Revisiting Our Past

posted from http://feeds.lifehack.org/~r/LifeHack/~3/ij7TnC0_l7M/a-glimpse-into-the-future-by-revisitng-our-past

In the everyday pursuits of our dreams, goals and wants, have we stopped to take a look at what was before us, way before us? Back to the beginning of ‘time’, to see how we as humans have grown and evolved to this current state of being? History allows us to learn important lessons lest we repeat the same mistakes. It allows us, and the world to become better, so just how much of our history do we really know and understand?

It Allows Us To Understand More About The Human Species

In Sapiens: A brief History of Humankind, Dr. Yuval Noah Harari, a renowned historian, gives a strong narrative of humanity’s creation and evolution. This is a book that explores the ways in which biology and history have defined us and enhanced our understanding of what it means to be “human.”

See how human beings have evolved and the possibilities we hold

Dr. Harari draws on insights from biology, anthropology, paleontology and economics, to explore how the currents of history have shaped our human societies, the animals and plants around us, and even our personalities. From the shifts in cognitive, agricultural, scientific, industrial and now to the biotechnological revolution, this book highlights real possibilities of what the future holds.

Dr. Harari compels readers to look ahead, because over the last few decades humans have begun to bend laws of natural selection that have governed life for the past four billion years. Today, we are acquiring the ability to design not only the world around us, but also ourselves. Could this signal the end of Sapiens?

A bold and provocative read, Sapiens challenges everything you thought you knew about yourself, your society and the world around you. The dreams, goals and wants that you have today, how is it going to impact the greater future?

Reading duration: 9 hours 35 minutes

Sapiens: A Brief History Of Humankind is available from Amazon at $21.00

The post A Glimpse Into The Future By Revisiting Our Past appeared first on Lifehack.


By |November 14th, 2017|Categories: Blog|