Saturday Musings - Empowered Relationships

20180506_power

Over the last few weeks I’ve been sharing in “Saturday Musings” a number of principles that I try to live my life by. The last two articles in this series cover the result of living a life of truth/trust and truth/learning. This article will address the topic of empowerment and why trust/learning are fundamental to everyone’s success.

Escrow.com

At it’s core, trust has two aspects:
1.    Relationships – trust is all about developing strong relationships.
2.    Longevity – trust is also in it for the long-term.

What learning is all about is making sure we don’t continue to make the same mistakes with those all important relationships in our lives. Let’s face it, we’ve all made mistakes with relationships. Learning also has another sense to it that many people don’t consider……and that’s humility.

Empowerment

When you are truly trying to learn and strengthen your relationships you’re not worried about whether you are right. What you are seeking is understanding and this often requires that you suspend your own opinions in order to understand the other persons point of view.

Continue reading
  373 Hits
  0 Comments
373 Hits
0 Comments

Where’s the Innovation Revolution?

20180501_revolution

One of the most frustrating things about the domain industry is the complete lack of innovation. This isn’t necessarily because companies don’t want to innovate but more because they are caught in a bind and can’t innovate. What do I mean by this?

Escrow.com

Every company should be evolving. Evolution has the sense of slow change over a long period of time where internal processes are streamlined, website made “snappier” and customers are being looked after. These are all important things to do but they stem from the evolutionary basket not the revolutionary.

A revolutionary change is where a company completely transforms an industry, and everyone looks up and says, “Why didn’t we think of that?” It’s looking at domains and saying, “I think there is an aftermarket for them.” In its day, this was a revolutionary concept. It’s looking at domain traffic and matching it up with advertisers…..again, another revolutionary concept.

The problem the domain industry has is it’s been caught in the revenue bind. This is where the bean counters look at resourcing a new idea as a cost rather than as an investment into a competitive advantage. Serious innovation often means cannibalising existing revenue streams and this is regarded as a “no go zone” by managers that are given quarterly targets.

Continue reading
  579 Hits
  0 Comments
579 Hits
0 Comments

Saturday Musings – The Strength of Enlightenment

20180428_enlightenment

Becoming enlightened is that “aha” moment when the penny drops as you perceive something that you were not aware of before. It’s often the power of these enlightened moments that drive innovation and entrepreneurship as individuals gain a glimpse of what could be rather than what is. So how do you become enlightened?

Escrow.com

On the "Life Principles" diagram that I have been sharing with you over the past weeks enlightenment is the relationship between the truth and learning. You can not have enlightenment unless you are open to both these characteristics.

Enlightenment

For example, at the core of the scientific method is the quest for truth. A scientist will not achieve enlightenment in their field of studies if they refuse to face what their data is showing them.

There’s a problem with this position though….we view the truth through our own set of filters. This means, one person may look at the data and see one thing and another person see something completely different. Does this mean the first person is wrong? Not at all……and this is where learning comes into play.

Learning is the foil to truth that provides the check and opens us up to the idea that there may be other answers to the problem we are trying to solve. Learning is all about possibilities and it acknowledges the fact that everyone can potentially contribute to the issue at hand.

Continue reading
  532 Hits
  0 Comments
532 Hits
0 Comments

Saturday Musings – Developing Strong Relationships

20180421_tim2

I wanted to continue the series I’ve been writing about on what it means to conduct your life through principles. I hope you appreciate and value the openness of which I’m sharing and that you receive a benefit for your own life from reading these articles.

Escrow.com

The previous articles in the series can be accessed from the following links:
Three Vital Aspects of the Truth
How to Develop Trust
The Power in a Learning Mindset
It’s All About Character

In this article I would like to start exploring the relationships between the three underpinning principles. If you wish to build strong relationships with others, then there is no better way of doing it by conducting yourself under the guidance of the principles of truth and trust.

Strong Relationships

Too many people expect to have great marriages and wonderful relationships with their children while conducting themselves in a manner that is contrary to a positive outcome. The key that unlocks the power of truth and trust is consistency.

I remember many years ago I had a disaster in one of my businesses. I ended up leaving to go to work at 5am and getting home at around 9pm each night. Our son Timothy was around eight years old at the time and one of his chores was to set the table for dinner each night.We’d talk on the phone and he used to ask me if I’d be home for dinner. Of course, I told him, “Yes”. The reality was that I didn’t make it and was inevitably caught up in all the things at work. Eventually he learned and stopped asking me the question.

Continue reading
  600 Hits
  0 Comments
600 Hits
0 Comments

What will you do if China has an economic meltdown?

20180417_chinamoney

For a while now I’ve been concerned that due to China’s massive appetite for debt it was going to experience a severe correction. When you consider the debt levels in China, they absolutely dwarf the levels the USA experienced during the global financial crisis of 2008. So where is China at now and are the debt levels like an elastic band that is being stretched more and more?

Escrow.com

It’s estimated the total Chinese debt-to-GDP ratio has risen to 317 per cent at the end of 2017. Compared to 158% at the end of 2008 means this number is continuing to rapidly increase.

Chinese debt

In real terms this means the amount of debt in China grew to RMB 262.1tn at the end of 2017, representing a year-on-year grown of 13.5 per cent. Considering China’s nominal GDP growth was at 11.2 per cent yoy in 2017, the rate of credit grown continued to exceed the rate of nominal growth.

The International Monetary Fund (IMF) pointed out in 2016 that it took four units of debt to raise the GDP by one unit. A decade ago the ratio was 1.3 to one. It’s clear that China has a serious debt problem that could potentially drag the global economy down.

Continue reading
  638 Hits
  4 Comments
Tags:
Recent Comments
mgilmour
I agree it's a question of when and not where. The Chinese government is trying to create a "soft landing" for the economy but giv... Read More
19 April 2018
mgilmour
The more concerning question I have is the impact a China meltdown will have on the US economy and the rest of the world. I know t... Read More
19 April 2018
638 Hits
4 Comments