The Road Not Taken
Two roads diverged in a yellow wood, And sorry I could not travel both And be one traveler, long I stood And looked down one as far as I could To where it bent in the undergrowth; Then took the other, as just as fair, And having perhaps the better claim, Because it was grassy and wanted wear; Though as for that the passing there Had worn them really about the same, And both that morning equally lay In leaves no step had trodden black. Oh, I kept the first for another day! Yet knowing how way leads on to way, I doubted if I should ever come back. I shall be telling this with a sigh Somewhere ages and ages hence: Two roads diverged in a wood, and I— I took the one less traveled by, And that has made all the difference." — Robert Frost Posole Verde
2 tablespoons vegetable oil 1 large onion sliced thin 2 garlic cloves minced 1 and a half cups roasted green chiles seeded and chopped 1 pound boneless pork shoulder 2 cups canned hominy, drained 1 cup chopped cilantro Half a cup lime juice 6 cups vegetable soup stock Sliced limes 1. Place the oil in a large pot over medium heat. Add the onions and garlic and cook until the onions are soft. 2. Add the chiles and the pork and cook, stirring occasionally until the meat is brown. Add the hominy, water, and vegetable soup stock until meat is covered and simmer for two hours, or until meat is tender. Add salt and peeper to taste. 3. Serve in warm bowls, top with cilantro and lime wedge Making money and living large - Income autopilot Notes - Four Hour Work Week by Tim Ferriss9/19/2010
Income autopilot Notes - Four Hour Work Week by Tim Ferriss
Some people ask why this blog, and also why this format and the short answer is actually pretty simple, this is where I put notes on processes and interesting people that I find so that I can refer to them where ever I may be via the internet. I decided to leave as a open blog so that may be someone else might be interested, and my notes, which are sometimes cryptic, may help someone out. I find Tim Ferriss interesting in that his book, although a mix of several ideas from other books, does show his way of thinking, and he has a knack of looking at things in a slightly new way. His website is good and worth reading. http://www.fourhourworkweek.com/blog/ Notes; Finding a product ( ignore service businesses for now, products will require less upkeep and get you to your monetary goal much quicker.) the man who grasps principles can successfully select his methods. the man who tries methods, ignoring principles, is sure to have trouble. - Emerson The plan is to do smart testing, smart positioning, and equally smart distribution. MRI before selling their product created a book on the subject and sold through an ad in a men's health magazine to see demand, and once understood through the book orders, the priced high and sold through only one channel to insure there was no competition from other distributors to drive the prices down. 1. The more competing resellers, the faster you lose pricing. 2. If you offer a manufacturer or distributor exclusive rights, you can negotiate better margins. 3. The more middlemen, the higher the margins must be to maintain profitability for all the links in the supply chain. Don't create a product and then find out if there is a market or a demand - Find a market - define your customers - and then find or develop a product for them. Look for niche markets, small but not too small that will have lower media costs and less competition. Pick two markets that you know and review the magazines for that group, and insure there are more than 15,000 readers. The main benefit should be explainable in one sentence or phrase. The product should cost the customer $50 to $200 - look for a 8 to 10 x markup. The product should take no more than 3 to 4 weeks to manufacture, and ideal time line is one to two weeks Look at costs, talk to contract manufacturers to see costing to see if markup is feasible and then work up production cost per unit for 100, 1000, and 5000 units. You could resell a product, it is the easiest and fastest way to start but also by far the least profitable unless you have exclusive rights. You can license a product but it is difficult and intensive to work up deals. The ideal route is to create a product, which is not complicated. If you can find a generic stock product from a contract manufacturer that can be repurposed for a new market, that is a easy route. Keep setup costs, per unit costs, and order minimums in mind. Best kind of product to create is a Information Product, which is a low cost, fast to manufacture, and hard for others to duplicate. Create content yourself by paraphrasing several books on a subject Repurpose content that is in the public domain and is not subject to copyright law License content or compensate an expert Aim for a combination of formats that will lend itself to $50 to $200 pricing, such as two CD's, a 40 page transcript, and a quick start guide. To find out whether people will buy your product, don't ask them if the would, ask them to buy. Do micro testing by using small and inexpensive ads to see response before manufacture. ( Google adwords) Look at competition and try and improve on their web site and marketing Test offer with Google adwords campaigns Run with the winners and cut losses Create a 1 page ( 300 to 600 words) website with testimonials and pictures Look for specific terms that have higher conversion rates and lower cost per click Use Google analytical to check responses. You can use ads to check guarantees, product names, and domain names Start with automation as your goal and start with an end in mind, and make sure the architecture is scalable Do most the of the work yourself initially to document so that you can create a FAQ The more options you offer customers, the more indecision you cause, and the fewer orders you get. Offer one or two purchase options Do not offer multiple shipping options, choose one No expedited shipping Eliminate phone orders and have them all do online ordering No International shipments Offer a lose- win guarantees instead of trials Four ways to improve your study skills
Reading an brief article in the New York Times, Sept 9, 2010, I read how common accepted beliefs about how learning and studying are wrong. The article brought up four different concepts, that I have always used, that I know work, and these simple techniques can dramatically improve how much you can learn from studying and how fast. These concepts undermine the assumption that to master a topic requires immersion. Alternating Study Environments - don't stick to one study location but alternate rooms or places that you study. Forcing the brain to make multiple associations with the same material may give that information more neural connections. I often will read or study by leaving related course materials in two or three places and when there, pick up where I left off last time I was there. I also will read for twenty minutes at a time, and then will get up and walk around to refresh and think about what I read, often repeating key concepts three times spacing them apart by one minute. Mixing Content - don't focus on a single topic but study distinct but related concepts in one sitting.. When the context is varied, the information is enriched. Use multiple types of material - alternating in one session vocabulary, reading, and speaking in a new language. Musicians and athletes mix up workouts and practice sessions. I will read two to three related books on a subject, jumping back and forth, and also listen to audio podcasts or books when unable to read. On key concepts I will often write them down so that it helps lock it into my memory and then often will post on line so I can review from other locations ( this blog for example.) Spacing Study Sessions - Spacing in study sessions, an hour tonight, an hour on the weekend, another hour a week later will allow you to hold and build concepts longer. The idea is that forgetting is a friend of learning as it allows you to learn, and then relearn, and to do so effectively. Self Testing - testing is a powerful tool of learning more than it is a tool of assessment. Testing not only measures knowledge but changes it and charges it with more certainty than less. I often will try to do a concept to see if I understand how it works and test myself, or find on line tests to see if can complete. It is the organizational structure that will matter the most.
Rigid structures are unable to adapt as quickly to a rapidly changing environment as a decentralized system. Ultimately, it is a battle of organizational theory. - Patrick Meier The Dokkodo “The Path of Aloneness” or “The Way to be Followed Alone”) was a work written by Miyamoto Musashi
The precepts
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Some of the links in the post above are “affiliate links.” This means if you click on the link and purchase the item, I will receive an affiliate commission. Regardless, I only recommend products or services I use personally and believe will add value to my readers. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising.” |