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P789

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I have a problem of one of the commandments, which is CONTROL. Any business violates this commandment not because of being controlled by one Huge Business but the government controls ALL of the businesses, including large-scale ones.

The government can shut down any business within its territory which is already demonstrated when ABS-CBN (Alto Broadcasting System and Chronicle Broadcating Network) got off-air last May 4, 2020 after they refused to give their franchise.

So, to have control of your business, simply follow government regulations.

Correct me if I’m wrong.

EDIT: Added something
 
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Saad Khan

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I feel like anyone who doesn't know about CENTS is at a huge disadvantage. Love your thought process MJ
 

thechosen1

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Time and Scale seem to be the most elusive commandments.

Of the two I’m not sure which is more rare, but if you include magnitude with scale, time seems to be the rarest of all...
 

MJ DeMarco

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I have a problem of one of the commandments, which is CONTROL. Any business violates this commandment not because of being controlled by one Huge Business but the government controls ALL of the businesses, including large-scale ones.

The government can shut down any business within its territory which is already demonstrated when ABS-CBN (Alto Broadcasting System and Chronicle Broadcating Network) got off-air last May 4, 2020 after they refused to give their franchise.

So, to have control of your business, simply follow government regulations.

Correct me if I’m wrong.

EDIT: Added something

Kinda like saying, Well if an asteroid hits the earth, do you really have control?

If aliens invaded earth, do you really have control?


If my country voted for NAZIS to run the government, do you really have control?

Stop being ridiculous for the sake of being argumentative.
 

P789

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Kinda like saying, Well if an asteroid hits the earth, do you really have control?

If aliens invaded earth, do you really have control?


If my country voted for NAZIS to run the government, do you really have control?

Stop being ridiculous for the sake of being argumentative.
Ok thank you for clarification and I’m sorry because I was so pragmatic lately in the recent situation here.

P.S. I need to calm down
 

MJ DeMarco

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Ok thank you for clarification and I’m sorry because I was so pragmatic lately in the recent situation here.

P.S. I need to calm down

No worries. If we dig deep enough, you realize we control nothing. Control is just relative to the system we find ourselves in.
 

Flint

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It's never been about full control over all possible variables.

In my book, C in CENTS stands for risk control. Through diversification, abundance, multiple channels, safety margins, redundancy measures, reduction/prevention of a single point of failure etc.

Trying to reduce all possible risks to zero is analysis paralysis. Going all in without any risk control and hoping for the best is learning the lesson the hard way.
 

Vasili27

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I have a question when you say "need(value)" does it have to be a need with in the market or can it be a need you create for example, say company 1 sells shirts and they are making good money, but then company 2 decides to sell shirts but makes the experience and the quality way better.
 

MJ DeMarco

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say company 1 sells shirts and they are making good money, but then company 2 decides to sell shirts but makes the experience and the quality way better.

Value skew:
1) Quality
2) Experience
3) Marketing

You have 3 reasons why someone should buy your t-shirts over the "company making good money".

Need isn't always about "need" per se, but about WANT, DESIRE, and EMOTIONAL connections.
 

Vasili27

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Value skew:
1) Quality
2) Experience
3) Marketing

You have 3 reasons why someone should buy your t-shirts over the "company making good money".

Need isn't always about "need" per se, but about WANT, DESIRE, and EMOTIONAL connections.
thanks MJ appreciate the feed back
 

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