When is it time to let go?

That non-performing investment?

That unpleasant relationship?

That anger towards someone?

That anger towards yourself?

That regret?

Life will move on and so should we.

Learn to identify the things to let go of quickly.

Life will be much better.

Do you know someone with a mental illness?

Depression, narcissism, burnt out, schizophrenia, etc.?

How do you judge their behaviour? How do you treat them?

Does your perspective change once you know they are ill?

People can behave very strangely.

Sometimes its due to illness.

Due to an illness they might not be able to behave differently.

Have compassion, but set your boundaries nevertheless.

Do you take the first step?

Or do you wait for others to do so?

What is there to fear?

Taking the first step can make things possible.

Without it, there might be no opportunity.

Thus, there is nothing to lose.

Take that first step.

Are you sure they got it?

Did you make yourself clear?

Did the other party understand your reasoning?

Everyone gets the strategy, right?

It serves to double down.

After you say it, send a written message.

Then ask the others to explain it back to you.

After 6 months, check if people are still on track.

Then check again.

Are you aware of your feelings before a conversation?

Can you place them accurately?

What do you feel about the other person?

What do you feel about the topic?

What do you feel about having the conversation?

What do you feel about yourself?

Being able to discern your feelings into these areas is crucial.

If not, you will not be able to address the issues.

Do you act upon your gut feeling?

Is it instinct you act upon?

Or is it intuition?

Instinct is our primal urge.

Fear, anger, anxiety and other feelings govern our instincts.

Intuition is your well of experience.

Before acting upon your gut feeling, try to discern if it is instinct or intuition.

Try not to act on instinct, but on intuition.

Friendship or business?

Which is more important to you?

Or do you like to combine the two?

Doing business well with friends is hard.

Just as hard as with family.

If it works it can be amazing.

If it doesn‘t the friendship often breaks.

Be cautious of business with good friends, its a risk.

Do you ever do something for free?

How do you decide when to do so?

How do you decide who to do it for?

Why do you do it?

Why, when and who are crucial to answer.

If you don't consider carefully you will be disappointed.

Are you trusting?

Are you happy?

Are you healthy?

Are you intelligent?

All four are related to each other.

The more we trust, the happier we are, the healthier we are.

Sadly we don't get more intelligent, however more intelligent people are more trusting.

Trust is risky business though. Learn to trust in everyday life, but be more skeptical when it comes to business dealings.

Do your emotions ruin things for you?

Does anger destroy conversations?

Does shock let you be abused?

Does shame let people take advantage?

Do your emotions break relationships?

The most important skill in life is to be in control of your emotions.

Do not eat them down, manage them, let them out at the right time.

Who are you?

Can you answer this question?

Do you ponder about the answer often?

Often, we feel lost. We lack direction. Some call it purpose.

Your identity is critical to anything you do.

We change constantly.

Knowing where you stand, and deciding where to stand is paramount.

Your relationships...

produce baggage.

Every interaction that goes wrong adds to it.

Every negative assumption we make adds to it.

Every unmet expectation we have adds to it.

The more baggage the harder it is to have conversations.

Have them before the baggage gets too big.

Do you keep postponing specific conversations?

Why is that so?

Are they hard to have?

And are they important to have?

Then you have a vital conversation.

Vital conversations need to be had, right now.

Postponing them will not improve the situation, but deteriorate it.

You are the leader...

and something goes wrong.

Who is to blame?

You are!

Your assistant forgets something

Your fault!

An earthquake stops your delivery?

Yes, you guessed it, your fault again.

Being a leader is tough, and it means you are responsible for everything. If you want to be a leader, this is a fact to accept.

Have you ever created a problem by solving a problem?

You are chuffed, that you solved it, but behold...

It may be like a hydra, for each you solve, two more are born.

This is part of life. It is not you. It is like this for everyone.

The solution? Become Herkules.

Getting it done...

Or performing well?

What will you choose?

Often you have to choose between one or the other.

Postpone a negotiation, because you are iffy?

Write that offer at 3 am?

Add in one more appointment on Saturday?

You could have made this decision sooner...

Why didn't you?

Did you not understand the consequences?

Did you underestimate the costs of staying in?

Did you misjudge the trajectory?

Did you overestimate your skills?

The reasons can be many. Are you ready now? Move on, don't regret.

Your plan…

Is not working!

What now?

Take some action! But what? Doesn‘t matter, just anything.

Sound familiar?

Strategic plans may take time.

Plans will not work out 100%.

Patience, patience and patience.

To continue or to stop?

How do you decide?

Have you calculated the costs of walking away?

Have you calculated the costs of continuing?

It can be better to take a financial loss, but du so consciously and quickly.

Don‘t waste resources on a slow demise.

#familybusiness #costs #dailythoughts

Do you calculate opportunity costs?

Do you even think about them?

What could they be?

Which opportunities will you miss by saying yes to something?

This can cost you: Money, Time, Energy, Happiness

Which commitments would you say no to, now that you experienced opportunity costs?