I came across an interesting interview with Garrett Gunderson. I found out about Garrett through social media and an associate of his Chris Miles. I think it was LinkedIn that we first met through but I can’t quite remember. Anyways, I was intrigued by some of the things I saw on LinkedIn and on his website, FireYourFinancialAdviser.com. So Chris and I had a conversation. That conversation led me to buy Garret’s book, Killing Sacred Cows. Don’t you love the name?
Now the purpose of this post is not to review the book. If you are interested in hearing about the book you can find it as well as reviews at Amazon.com. I will tell you that I enjoyed reading the book and it does have a very powerful message that I’m sure I will continue to touch upon in future posts.
What made me write was this interview titled Unusual Business Tips. (I apologize for not being much of a tech guy because I can’t figure out how to inlay it in this post.)
Here are Garrett Gunderson’s 6 tips for business owners:
1. Raise Salaries: His reasoning here is for a vote of confidence for your employees. Focus on the people and the productivity. This will remove any anxiety and get them motivated.
2. Spend More: People are cutting spending in the wrong spots. Do you want to grab more market share? There’s a huge opportunity out there because everyone else is cutting back in their marketing efforts. You will make more money.
3. Meet Less: Have you ever left a meeting wondering what the purpose of that was? Focus on purpose and productivity. Brief meetings can be a lot more productive. Get rid of reactive meetings. Know the purpose and outcome of your meetings. Eliminate all others.
4. Stop Saving for Retirement: People don’t know or understand where they are putting their money or what’s going to happen to it. There are too many unknowns. He calls in gambling. The rough 2008 beat down people’s confidence and made them less productive in other areas of their lives. Invest first in yourself and focus on effectiveness of your dollars.
5. Put All Of Your Eggs in One Basket: Entrepreneurs over diversify themselves. He calls it de-worse-ification. People diversify because they don’t know what will work. They spread themselves thin. So instead focus on what you do know and what you are committed to. It is better to invest in a business that you do know and have passion for.
6. Go Back to School: Continue to invest in your education and learning. Don’t cut spending in the areas of furthering your knowledge.
I love a person that thinks outside the box and is not afraid to go against what people believe. The biggest point here that I think he is trying to make is to have faith and confidence in something. What better than yourself? If you can believe in what you do and what you know it will make you more productive and happier. I couldn’t agree more with this sentiment as I’ve seen it in my own life. We all have down days or bad days here or there. Do you get as much work done on those days? What is the quality of your work on those days? If you can build and grow the confidence and faith in yourself then you can drastically reduce your non-productive time and you might just surprise yourself in what you are able to accomplish.
Now I purposely did not add my commentary into Garret’s tips. They are his tips and I wanted to keep that intact without my opinions of them. I want to open this up to you. What do you think of what he has said? Do you think it can work? Does or will anyone actually do these 6 things?
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