clips of logic

For those of you who are addicted to self-employment and solving problems to make a living, here are some interesting lessons and tips.

1. Passion – We all know how important passion is as a driving force for anything you do. But your passion can also be your business greatest weapon. Jonathan Betz makes an interesting point where the founder’s passion can make a huge difference.
2. Find (and solve) problems that others have ignored – Quote from Intuit’s co-founder Scott Cook in an interview about how they built Quicken and Quickbooks.  This should be obvious but it’s worth reminding that unless your product solves a real problem, it’s not a business.
3. Test your idea first - It’s very common for you to want to jump in and start working on your idea right away but you should test it out first. Test if there’s a market and if anyone would pay for it. What Buffer app did to test their idea is something we should all learn from.
4. Advertising isn’t a business model for everyone – The idea of starting a site and slapping Google Adsense to make a quick buck sounds easy and attractive but it isn’t viable for everyone. Advertising is only valuable when a user arrives at your site with an intent to buy/search for something. Read this post on how the position of your product/site in the customer’s decision process makes a big difference. Ideally, you’ll want to be first in the process like Google/Facebook/Twitter.
5. Patient for growth, impatient for profit - Clayton Christensen said in his book, Innovator’s Solution that there are good money and bad money. Businesses should become profitable before they become big. Raising money to grow and scale before finding a solid foundation for profit can be very dangerous. This is exactly what’s happening with Groupon.

I’m a big fan of Kung Fu movies. Both the more realistic ones (Ip Man, Fearless) and those with supernatural powers like Storm Riders. (only the first!) Kung Fu Masters are basically the Asian version of superheroes.

Like how we learned from Spiderman that with great power comes great responsibility, there’s plenty of values and lessons entrepreneurs can learn from Kung Fu Masters.

1. Motivation and Drive – It takes a lot to get up every morning and go through the same process over and over again. At some point, you are going to get bored hitting a wooden dummy but Kung Fu Masters never give up. They know that the path to success takes a lot of commitment and focus.
2. Practice, practice, practice – Even after they master a technique, formed their own school and defeated the villain, Kung Fu Masters never stopped practicing. Practice is the only way to maintain your skill and focus. Life is a constant learning process and practicing is one way to learn.
3. Many paths up the mountain – Kung Fu Masters understand that there aren’t just one way to reach the summit of awesomeness. There are multiple routes you can take. Similarly, the journey to success for an entrepreneur isn’t predefined in anyway. Part of entrepreneurship is to discover a whole new way to success.
4. Experiment - It’s always extremely cool when a Kung Fu Master reveals his new technique that will blow his enemies away. But how did he come up with it? He experimented! What do you think he was doing hiding inside a cave? Entrepreneurs should never stop trying and testing things to see what works. Eventually, you’ll come up with your own special home-brewed technique to defeat your competitors.
5. Calm & Wise – A Kung Fu Master is always calm and wise. They don’t rush into things and always seem to have the wisdom to get everyone out of trouble. An entrepreneur is a leader for his/her employees. Similarly, an entrepreneur have to be a calm and collected figure for the employees and use his/her wisdom to guide the company. You don’t have to be smarter than your employees but at least be smart enough to realize that.
6. Everyone has a weakness – No matter how powerful a Kung Fu master is, there’s always a weakness to exploit. An entrepreneur must realize that no matter how big or well-established a competitor is, there will be a weakness somewhere to take advantage of. Just remember that you too have a weakness.
7. Marketing – A Kung Fu Master knows the importance of marketing. This is why they are so eager to show-off their strengths to others. You must however maintain a good reputation and standing among your peers. Make business not enemies.
8. Disciples - When you are passionate about something, you’ll want to share it with others. This is why Kung Fu Masters start schools/guilds and recruit disciples. Similarly, an entrepreneur must have the passion and willingness to share. You have to inspire others to follow your lead.
9. Competition - This is a fact of life. There’s always someone better out there but Kung Fu Masters use it as the drive to push the limits. Let the competition be your fuel for your journey.
10. Lonely at the top – There are always sacrifices to be made in order to reach greater heights. Kung Fu Masters know that as you move up the ladder, things around you will change and people will start treating you differently. But no worries, there are 6 billion of us, so surely there will be a few great ones up there to welcome you.

This is by no means all that you can learn from Kung Fu Masters. I’m sure there are many more insights and teachings that can help you in your journey. Now where did I put my Ip Man DVD…

I came across this theory on how we tend to value our own creation more than others while reading Dan Ariely‘s latest book, The Upside of Irrationality.

Toothbrush Theory

Everyone wants a toothbrush, everyone needs one, everyone has one, but no one wants to use anyone else’s

It is also known as the Not-Invented-Here bias. This applies to things you buy, food you eat and even your ideas.

We tend to overrate and overvalue our own ideas and creations. In fact, we continue to do so even when someone else made it seems as if we came up with it ourselves.

This bias is useful in keeping us motivated and committed to pursue our own work but it could also blind us from better solutions and ideas out there.

On the other hand, it seems quite of Malaysians including myself tend to prefer products from other countries. I think we need to strike a balance on this and give some of the local products a chance.

Finally decided to switch over to Facebook Comments box. I’m using this plugin and there were quite a bit of modifications required on my theme. You have to disable and hide WordPress own commenting system and make sure the theme is using Facebook comments count.

Before you take the jump and move your blog over to use Facebook comments, here’s some pros and cons to consider.

Pros

1. Integrated with Facebook. Comments can easily be posted on Facebook to increase views and publicity. You also get the cool Facebook Insights stats.
2. You’ll get comments from actual people with their name and photo. Makes it easier to figure out who is who.
3. Less spam. Well, there are spammers on Facebook but definitely less than those annoying spam bots.

Cons

1. Not exactly easy to setup. Might require some knowledge in HTML/CSS/PHP.
2. No longer integrated with WordPress Comments. Meaning you won’t be managing your comments from your WordPress admin site.

If you are planning to use Facebook Comments, you have to create an app on Facebook and set it up to point to your blog. The settings page for the plugin have all the information you need to get started.

You may also need to modify some of these files to hide the existing commenting system and change how the comments count are displayed.

• comments.php
• single.php
• index.php

Here’s the comments count code.

<a href=”<?php echo the_permalink() ?>#comments”><fb:comments-count href=<?php echo the_permalink() ?> /></fb:comments-count> Comments</a>

Depending on the theme you are using, this can be really simple or quite a task. On Flexnode Blog, there were more modifications required on the theme functions and the styling of the comments area. If you need any help, leave a comment below.

My dad used to complain that I spend too much time gaming. But I always argue there’s plenty of things to be learned from playing games.

It turns out that if you play any RPG games like Diablo or D&D, you are learning important values and lessons to be an entrepreneur.

How you ask? Well let see what we can learn from the generic classes found in RPG games.

• Tank:
  Take everything head-on and always be the first to get into action. As an entrepreneur you must be ever ready to lead the charge into the unknown. It’s your job to protect those who decide to follow you on your adventure.
• Rogue:
  Precision strikes. Execute with pin-point accuracy. Ideas are useless without execution and good execution can make a huge difference.
• Wizard/Magician:
  Resourceful and knowledgable. To be an entrepreneur, you need to know more than just business or finance. You have to know a little of everything. You got to be able to do things that no one thought possible. You need to surprise people.
• Healer:
  Realize that you can always recover from whatever that hurts you. What doesn’t kill you only makes you stronger. The game doesn’t end when you fail. Just resurrect and fight another day.
• Bard:
  Ability to affect other people around you is crucial for an entrepreneur. Charisma is important if you want to inspire and recruit others to your cause. A bonus, if you can strike fear into the heart of your competitors.

So next time, if anyone complains about your gaming sessions, tell them you are preparing for your future business ventures.

After all, it pays to be well prepared and casting spells or slashing monsters are just too fun to resist. Just remember to actually do something after all that practice and preparation.