I'm thinking way ahead of the process I'm currently in although I thought I'd keep this written down in case I forget it.
profit maximization occurs when marginal revenue equals marginal cost.
Since I'm dealing with digital items my marginal costs should remain relatively the same throughout. Basically the change in cost would be = to 0 so profit maximization for me in this situation would be at $5 per unit sold since total marginal change in revenue from 5 to 6 is 0.
I got some incredibly awesome ideas from David Allens book "Getting Things Done".
After about a year of applying what he talks about in his book here's what I've found to be most effective for me day-to-day.
His system of organization starts with this concept of capturing documents and list items he calls "buckets".
I have a 'bucket' in my backpocket everywhere in the form of a tiny spiral notebook. Its the same retangular shape of a legal
I was toying around with some numbers in excel when I realized something profound but something I've heard over and over.
I've heard it from MJ.
I've heard it from Steve Jobs.
I've heard it from Michael Jordan.
I've heard it from some motivational talks on sports.
Time is limited.
I'm 21. I'll be 30 and those 9-10 years will seem like a blink. Just how I was once 7 years old and wondering "Wow I've only been alive
I'm not working hard enough.
- Get distracted easily.
- Am not conscious enough of my time.
- Aren't motivated enough/ consistently enough.
I guess I have to
- Remove my distractions - block facebook and other distractions
- Get conscious - Create a daily and weekly account of where my time was spent.
- Continually remember why I'm doing this with pictures and morning/night time rituals.