Category Archives: Business 1

Time allocation is an effective time management strategy, yet most people overlook it, this is because they get to busy with other things in life and forget what task is more important than the other.

 In this essay I will be talking about three things that I will be implementing the strategy of time allocation in my life.

Screen Time

My daily screen time is something that I want to limit my time with, but this is difficult since most of my school work requires me to be on a computer. I usually set aside fours hours of computer time to finish my school(I do a total of six courses each day), each day except on weekends and holidays, when my screen time is limited to only two hours at the most.

Limiting my screen time will give me enough time to do better and more important things, and make sure that my brain will not get damaged from the screens, which are very harmful for your health.

Cleaning

Cleaning is pretty important in my family, having a clean house is very beneficial and makes your life less cluttered and disorganized. I would like to set a specific time when I can help my Mom clean the house or clean my room and bathroom.

Cleaning regularly will make each future cleaning job easier since there is not much to clean, instead of procrastinating and letting the mess pile up, I will clean a little each day to keep the mess under control.

Fresh Air

Getting fresh air is pretty important to me, it helps me clear my brain, and get a good dose of clean fresh air in my lungs. Lately I have been too busy to go for regular walks because of school and other things. Cutting down my screen time will help me achieve this goal of going on daily walks.

Conclusion

These are the three things that I will be implementing time allocation to in my life.

Most people have overcrowded and busy schedules. Most of theses things in the schedule is completely unnecessary such as, to much extracurricular activities or social time, and could be cut out from your schedule altogether.

My Schedule

My schedule may sound busy but it actually is not; and I feel that I do not need to cut anything out, to increase my efficiency. The extra things I do during the week other than school are, swimming, which is important for exercise, skiing, also important for exercise, but I only do this in the winter, my job, I only work four hours a week, and it’s my source of income, my christian youth group for socialization, and the occasional meet up with my friends, which is not often since I see most of my friends at the christian youth group I go to.

Because, my schedule is practical and not too busy, I do not want to cut anything out. This is because all the things in my schedule are quite important. Swimming and skiing is my PE,which helps my body remain healthy physically, my job is my form of income, and my weekly christian youth group and occasional meet up with my friends is my social time.

I like the way my schedule is laid out, it’s not too busy, but with that said I could cut out my extra free time, I have when I am not doing school work, I get this free time when my siblings are using the computer, instead of using that time doing nothing, I could read a book or reread my school notes, but this is not exactly in my schedule.

Conclusion

Like most people I cannot spend my time doing school for the entire day, that would probably make me go insane; I need my break, to stay healthy mentally and physically.

Personally, I will not be altering anything in my schedule to become more efficient since all the things in my schedule helps me become more efficient, because physical activity and social time helps me remain healthy mentally and physically.

This week I read a book called The Breakthrough Principles of 16x, by Richard Koch, the book was about how to use minimal effort to get results that are sixteen times better.

The main themes of this book are, focus, focus, focus, defy the tyranny of routine, do it your own way, recruit the support of potential allies, and recycle the world’s best ideas.

The book explains how to use the 80/20 principle to your own personal advantage, to get sixteen times better the results to anything you do. The 80/20 principle is a principle that states that eighty percent of the results are from only twenty percent of the action. There are many examples of this principle in daily life such as, you probably only wear twenty percent of your clothing eighty percent of the time, twenty percent of the customers bring in eighty percent of the money, and etc. As you can tell there are many examples of this principle in daily life.

A Chapter In The Book That Influenced Me The Most

A chapter that influenced me the most in the book was, Recycle The World’s Best Ideas; this chapter helped me realize that great already used ideas, can be reused, and applied for your business.

Conclusion

The Breakthrough Principle of 16x, was a very interesting and helpful book, and I highly recommend reading it.

Usually people that have a better understanding of their money and finances usually do not get a loan  or avoid getting one at all times. This is for a good reason, the stress of paying back a loan is not wonderful at all; but that does not mean that all loans are unacceptable and bad ideas, some are actually very useful and healthful like a mortgage or house loan. But still a large percentage of loans are unnecessary and most likely very troublesome to pay back.

What is Something That Depreciates?

Something that depreciates loses value over time. Some examples of things that depreciates are, cars, houses, clothing, etc. 

The reason why these things depreciate in value is because these things get old and worn out over time, and they don’t last long except maybe for a house. A car when you drive it out of the parking lot where you bought it loses a huge percentage of its value, that is the reason why most people buy an already used car since it loses value less rapidly. A car is an item that loses its value very rapidly, houses on the other hand loses its value much more slowly but it still is something that depreciates in value over time.

Something That Does Not Depreciate?

Things that don’t depreciate in value over time are paintings(they actually may rise in value if the artist is famous), gold, and jewelry, a lot of people get loans for these items, but it is a foolish idea to get a loan for these items still, even though these things don’t lose value.

Conclusion

Loans should be mostly avoided, except maybe if you want to start a business and need a loan to get started, or a mortgage for a house, and a car loan, these loans are fine and very common and normal to get. But getting a loan for an unnecessary item, is pointless since it will most likely leave you in a pile of debt. If you don’t have the money for an item save up for it and be patient or reconsider if you actually really need the item.

Saving a percentage of your income is very important. You should always give some money to yourself. What I mean by this is, well a lot of your income goes to things like expenses such as food, clothing, housing, charity, and etc, but before paying for all these things pay yourself. In order to pay yourself you have to give up on certain things; these are the things I would have to give up in order to save 10% of my income.

I make an estimated 3,800 dollars a year, most of this money comes from my job, extra chores, and babysitting, if I save 10% of this I will be saving 380 dollars per year. I really don’t have to give up anything to save 10% of my income since I budget myself regularly. I never buy anything 50$ or more, but I still believe that there is room for improvement and that I can still cut some things off.

The thing I would have to give up in order to save 10% of my income is, jewelry. I don’t spend a lot of money on jewelry, I never buy jewelry that is over 30$ at the most, but lately I have been buying a little more jewelry than average since I got my ears pierced. Now I realize that I really didn’t need to buy those extra earrings since one pair of earrings will work for a long time as long as you don’t lose them. So from now on I will be limiting my spending on jewelry.

Conclusion

Spending money on jewelry is something I have to give up in order to save 10% of my income.

Many people get jobs which they do not like or one they do enjoy that does not pay enough. Starting a business is a huge advantage, it takes hard work but there are many advantages if you are successful.

Now, would I rather start a small business or become a minimum wage apprentice to a mentor? Well at the moment I have a job at a small local business I make a minimum wage income and I work with the business’s owner and I am going to start working for my Dad’s business too under his watch and guidance, which will benefit me greatly since I will be learning about advertising, marketing, and etc . At the moment I have been working as a minimum wage apprentice and it has benefited me overall, it has made me more alert, have more of an eye to detail, a greater work ethic, and a little cash in my pocket. Now this does not mean I am not considering, starting a business; starting a business will benefit me also, and I am planning to start a geology blog which will support my calling with my Dad.

At the moment a minimum wage apprenticeship is where I am at the moment so I would rather have a minimum wage job then starting a business, but that does not mean I do not consider starting a small business when I am a little older with my Dad’s help, but for now and the next few years I will most likely have a minimum wage job, and that being said for the next few years I will rather have a minimum wage job as an apprentice then starting my own business.

Conclusions

In this essay I answered the question would I rather have a small business or minimum wage apprenticeship to a mentor? I answered this question by saying that for the next few years from now I would rather have a minimum wage job as an apprentice, but that does not mean I will not consider starting my own business.

Watching TV is a popular pastime, but it is also a huge time waster especially when you watch a ridiculous amount of hours per week.

The average amount of TV watched by a child per week is twenty-two hours, the average adult watches twelve hours more or thirty four hours of TV a week! 

Humans need downtime; a time where they don’t need to use their brain and focus but instead relax, TV is a good thing for downtime but it should be limited, even a small percent of your time watching TV is too much.

This week I recorded what my average time watching TV is, this week was pretty average I watched roughly six hours of TV. This is much less than the average, so I do not think it’s too much, I will probably discipline myself and cut down my TV time by an hour to challenge myself.

With that said, even though I don’t watch a huge amount of TV I still will lose a lot of money from wasting this time.

I learned in this course that if I multiply the number of hours I watch TV by twenty dollars, that sum will be how much money I will make when I am twenty if I start a business at fifteen. I then estimated that I watch about 25 hours a month of TV the sum came out as six hundred dollars. I inputted this amount with a ten percent interest rate over fifty six years. The amount I got was $15,067,856.13; this is how much money I will lose if I continue watching TV at six hours a week until I am seventy. Fifteen million and a little bit seems like a huge sum of money and it is; but if you actually think of it, it’s not a lot in comparison to the average amount of time other people watch TV; so I do not think I will cut off too much of my time spent watching TV.

Conclusion

TV can be a time waster and you can lose money because the time you spent watching TV can be used to make money. A little bit of TV is fine but an excess amount is not.

One year from now I am willing to settle being finished with this business course. I may be moving in a year so my life is a little unpredictable, but if I am not moving it will be easier to predict. If I do move, it may be in the same town I live in or a different one close by, I will probably be working for my father by then, also I will have set up my geology blog which supports my calling. If I do not move, my life will be a little different, I will probably be working at a local town business part time, my father’s business part time, and set up a geology blog which like I said supports my calling.

What Am I Willing to Settle For My 18th Birthday

On my 18th birthday I am willing to settle being finished with high school, taking clep exams, working for my father, and managing my geology blog full time. For my calling I would work on getting forward on being a geologist and studying as much as I can to become one.

What Am I Willing to Settle For My 25th Birthday

By this point I am willing to settle that I am now a geologist, I will be working for my father full time now, and having at least two writers for my geology blog. For my calling I will most likely have met someone who I plan on living with for the rest of my life, and also thinking of starting a family with this person.

How Can The Strategy of Going The Extra Mile Help Me Attain These Goals?

The strategy of going the extra mile is something that all successful people in business do. Going the extra mile is just doing more than what is required; this is very important because, if you put in more effort into something, the better your outcomes will become.

The more effort I put into my study of geology books before actually starting my geology blog, will help me put good and true information on the site. Putting a lot of effort studying these books and working with my geology site will make it easier for me to pass and understand the real geology classes I will be doing in the future.

Going that extra mile sounds like a pain at first in the short run, but it is very worth it in the long run, especially when you are achieving your goals, and becoming successful thanks to this method.

Most people can do simple tasks and have a job. But the people who put effort in the things they do will be more successful than the people who don’t put in any effort.

This method applies to all careers, jobs, and even sports careers. The more effort you put into something the better the outcome in the end.

Technology is getting better and better as time goes by, one of the many technologies that are getting better are Robots, or Artificial Intelligence. Robots and Software are special machines that can do things very closely to humans, this is great but it can also cause issues for humans, since Robots and Software are always improved and new Robots and Software are being invented, the work that humans do, Robots can do it better, faster, and cheaper, which replaces the human workers.

Since less human employment is needed thanks to Robots and Software a lot of people will lose their jobs and be unemployed. 

 To guarantee I will be making an income in 2030, I must run my own business, this saves me not only from not being replaced by a Robot or Software, but instead I will manage the Robots or Software, being on top of a company or business will guarantee mye employment and an income.

Most people do not have the guts to run a business because either they are not capable, or they are scared of the risk that a business may cause them.

Conclusion

Many jobs are disappearing because of Robots or software, many people will be unemployed and struggling, the thing to prevent myself from being unemployed and struggling is to run my own business, and being on top

The Secret of Selling Anything by Harry Browne, is a book on how to sell things which is of course very obvious. But the way Browne approaches a sale makes the book unique. His ideas of selling is based on a principle known as The Principle of Service.

What is the Principle of Service? 

The Principle Service of course is a way to sell people, but instead of putting the product first, you instead put the customer first, this enables you to find what the customer exactly needs or wants and sell it to them. Most salesmen are way to pushy, they always try to sell things that the customer does not need or want, instead you should listen to the customer and help them find what they need.

Example

An example of someone that uses this principle, is my boss (I work at a Health store); she does not push the customer to buy some new fancy product instead she asks them what they need, say if the customer has a cough, first she will let them talk about their symptoms and how they are feeling etc, then she will guide them through some products that can ease the sickness, to find the perfect product, she doesn’t push them. These customers most of the time come back to her store and may even become regular customers there.

Conclusion

If a salesman uses this principle when they are selling they have a higher chance of selling and gaining more customers who will come back to this business to buy something again. This is Harry Browne’s principle to selling; put the customers first.