The Money is in the Pages

The Money is in the Pages

Warren Buffett spends 80% of his day reading. When asked what was the key to his success, he said, "Read(ing) 500 pages like this every day. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will." His buddy and bridge partner Bill Gates reads 50 books a year.

In praise of documentation

In praise of documentation

Break your business into simple steps and write them out clearly so that you can train other people to perform those steps. That way, you can grow your business to operate outside of your individual labor. There are $20/hour jobs, $200/hour jobs, and $2000/hour jobs. You want to create processes for others to do all the lower paying jobs so you can concentrate on the higher paying ones.