I dutifully installed the new security update this morning and now Safari has been crashing like crazy. I have of course submitted reports to Apple, so I hope it gets fixed soon. I the meantime maybe I will switch to Camino as my main web browser.
Steve Pavlina has written another great bind twisting piece on changing the way you think about your time outside employment. He says we need stop focusing on our regular hourly rate, but instead focus our attention on those $10,000 hours.
It is really a great way of thinking and it really does make me think. Don’t worry about your time as such, but worry about pursuing those ideas that cause big payoff:
Almost always the $10,000 hour is the result of a great idea. And great ideas can strike at any time. When I get one of those $10,000 candidate ideas, I’ll normally drop everything and implement it right away. If it flops (and usually it does), I’ve lost an hour, but I still learned something. Most of the time it isn’t a total loss. I end up with a lot of $10, $50, and $250 ideas too. But I can afford to endure dozens of those relative flops for the chance to hit just one more $10,000 idea. And when it works, I must say it’s pretty darn nice. How to Earn $10,000 in One Hour
It just makes so much sense. The idea of putting a value on each hour of work is comes from the industrial age and does not make sense with creative types such as entrepreneurs.
I is about how you put effort into something and you reach a point where the effort pays off, but eventually starts decreasing. His point is that when you reach what he calls the local max, which is that initial peak and it starts going down hill it really hurts. You should however keep fighting because as points out it will start increasing again and this time by much more. Read the article.
I suppose one way of applying it to someone like myself is that I put the effort in while I had my 9 to 5 after a while there is a limit to what I could do with the amount of effort I had to give so I quit my 9 to 5 and I’m somewhere in the bottom around point C now. Doing something like that is scary for many people, but as Seth points out you have to face C bravely and you will come through.
One point that I think Seth probably meant, but isn’t mentioned specifically is that at some point your Big Max will become the next Local Max and you have to keep at it. Also the Local Max will some times by itself start a downwards trend and you will have to reach for point C.
Famous in recent years Point C’s was Microsofts Internet attack in 1995 (and Live in 2005) and Apple’s (OSX in 2000 and Intel in 2005). Good leaders have to make the often unpopular choice of going to point C.
So today is my last day at my day job. It will be great to have more time for other things. I have a few things todo this week in the annoying paperwork department, but then again not much so I’m cool.
Join my Blockchain newsletter
Receive all my latest articles on Bitcoin, Ethereum and building businesses using Blockchain technologies.
More about me:
- What I'm doing now
- Bio and contact info
- Selected clients
- Open Source projects
- My GitHub Account
- My Linked In profile
Other under Morale
- Nassim Taleb's Top 10 Life Tips
- Vote No to the screw your local Taqueria Proposition
- You are the one who will change the world, not the next president
- Think like Luke, Frodo and Neo
- The real world is a projection of your own fears
- The Speed of Innovation
- Does it get any better than this?
- Should entrepreneurs and geeks talk politics (or should we shut up)?
- Learn from your family
- Don't listen to your families
- 21 more...
- Rights and Obligations in and out of blockchains
- Previously unreleased interview with me from Kenya about Kipochi
- OpenTransact vs PaySwarm part 2 - yes it's still mostly out of scope
- OpenTransact the payment standard where everything is out of scope
- The Geeks Guide to Currencies: Trust and Promises
- Anti-patterns (16)
- Bitcoin (6)
- Black Swan (3)
- Blockchain (8)
- Business Ideas (1)
- Business Models (6)
- Data Portability (14)
- Ethereum (10)
- Financial Innovation (23)
- Funding (26)
- Global (20)
- Legal (34)
- Marketing (15)
- Money (13)
- Morale (31)
- Partnering (6)
- Payment systems (18)
- Programming (40)
- Think outside the rounded box (4)
- Third World Problems (3)