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    My receptionist has too much free time. What can I have her do?

    It also depends on how much she's willing to tackle. If she's a go getter, pile it on and see what she can do. If she performs, give her more and more abstract requests and see what she comes up with. If she's not, well, then you may have to spoon feed her tasks.
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    Money and Wealth: Zero Sum Game?

    EXECUTION 
    You need to define your system boundaries. If you consider the stock market as a closed system, then it is actually a negative-sum game. Every transaction has a buyer and a seller--one is profiting, one is losing, and the broker and exchange always win by taking transaction fees. The world, as...
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    My receptionist has too much free time. What can I have her do?

    Have her research market opportunities. You could have her survey customers for feedback or competitors for ideas. Educate her if necessary. Turn her into a salesman with a commission incentive on either new clients, upsales, or new market opportunities. Make her know she's valuable.
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    $500,000 revenue so far... Warning: Protect Your Idea

    IDEA 
    This most certainly violates E--and smells like MLM, or some form of "system". Sounds like selling an event, not promoting a process.
  5. N

    Money and Wealth: Zero Sum Game?

    EXECUTION 
    There's much more to it than that. Nixon certainly can't be held entirely to blame. But discussing the why's, who's, and hows would delve into a lot of history and a lot of politics stretching back much farther than Nixon--which IFAIK is off-topic for this forum. Summarizing, though, you are...
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    Money and Wealth: Zero Sum Game?

    EXECUTION 
    Sounds like some people skipped their economics class. The fundamental concept used is *utility*. Utility takes many forms, both tangible goods and services. Supply and demand of something with utility determines it's market value (not necessarily intrinsic worth--just what people are paying for...
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    Money and Wealth: Zero Sum Game?

    EXECUTION 
    Wealth has many definitions. http://dictionary.reference.com/browse/wealth says: noun 1. a great quantity or store of money, valuable possessions, property, or other riches: the wealth of a city. 2. an abundance or profusion of anything; plentiful amount: a wealth of imagery. 3. Economics. all...
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    Money and Wealth: Zero Sum Game?

    EXECUTION 
    There is no set amount of money--at least not in our current monetary system. A bank charter is literally a license to print money. When someone goes to the bank and takes out a loan, the signed loan document--which is a promise to pay, is *new money* created out of thin air by the banker. That...
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    Amazon plans to only pay authors per page read

    PUBLISHING 
    Not sure how amazon intends to remain auditable on something like this.
  10. N

    Amazon plans to only pay authors per page read

    PUBLISHING 
    I'm not involved with publishing, but saw this and thought it may be relevant to some of you http://www.theatlantic.com/business/archive/2015/06/amazon-publishing-authors-payment-writing/396269/
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    How much funding do Startups need?

    If it's software, most of it goes to server infrastructure and developer salaries, with another big chunk going to marketing. Quite often (at least in the startups I've been involved with) the founders don't draw much of a salary at all--just living expenses (if even that). They take an equity...
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    Are People With High IQs More Successful?

    HOT! 
    Also, don't forget the impact of belief which is also independent from reasoning ability. Some of the sharpest minds in science fall into the trap of believing things not actually proven, and subsequently make life decisions founded on those beliefs, not always to their financial benefit. It can...
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    Are People With High IQs More Successful?

    HOT! 
    Ability to reason is completely independent from choices to act and persistence to ignore failure and keep working towards a goal. Well, the last half of that is only partially true--you have to be smart enough to realize when a goal is actually not possible and it's time to make a different...
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    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    I read it last week--it took me two days. I've told several friends about it and I usually lead with: I just read the best business book I've ever found. It perfectly summarized everything I'd already learned about business from disparate sources over the years and provided some new, extremely...
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    What if you don't love your idea?

    IDEA 
    Why does loving the product matter? You might hate pretzels, but still be the pretzel king. Isn't loving *satisfying a market need* more important than whether you personally have that need yourself? While I won't say that it can't help to *also* love the product itself, I would hesitate to...
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