A Quote by James Altucher
I find that many entrepreneurs are trying to do everything when it would be cheaper and more time-efficient to delegate, even if there are monetary costs associated with that.
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Americans believe that the private sector is always more efficient and cheaper than big government, and particularly when you go among Republicans, even after five beers, they still believe it. But I always say, "If it's really true, why would they need that 12 percent extra on a traditional government program? Explain to me why something that costs more saves me money as a taxpayer.".
Farmers the world over, in dealing with costs, returns and risks, are calculating economic agents. Within their small, individual, allocative domain, they are fine-tuning entrepreneurs, tuning so subtly that many experts fail to recognize how efficient they are.
Even when you are right, there are costs and taxes associated with being tactical. When you are wrong, there are opportunity costs.
You know, seeing the analytics explosion in the NBA. It wasn't something I was really into in college but in the NBA everything is numbers and how you can be more efficient, so that led to me trying to make my body more efficient, and obviously Fitbit was at the top of the line for that so it made sense.
The kind of work you do, when you do it, how much of it there is, and who you delegate it to are often the cause of the quasi-schizophrenic behavior seen in many business owners and entrepreneurs.
There will be new businesses that will digitally enable the planning and consumption of passenger and goods movement to be more efficient, enjoyable, productive, safer, cleaner, and cheaper. That could mean everything from maintaining vehicle fleets to remote monitoring.
Delegate it to the manager. You have this really good staff that will take care of everything for you. You just have to delegate it and trust it.
A common misconception is that the costs of health care are cheaper in rural America, when in fact the reality is that they are more expensive and more difficult to access.
Reasoning based on cost has been strenuously resisted; it violated the Hippocratic Oath, was associated with rationing, and derided as putting a price on life... Indeed, many physicians were willing to lie to get patients what they needed from insurance companies that were trying to hold down costs.
Don't be a bottleneck. If a matter is not a decision for the President or you, delegate it. Force responsibility down and out. Find problem areas, add structure and delegate. The pressure is to do the reverse. Resist it.
Wellness is cheaper than illness. It costs us time and money when children get sick.
If there wasn't anything to find out, it would be dull. Even trying to find out and not finding out is just as interesting as trying to find out and finding out; and I don't know but more so.
The only way to handle big business is to delegate, delegate, delegate.
There may have been disillusionments in the lives of the medieval saints, but they would scarcely have been better pleased if they could have foreseen that their names would be associated nowadays chiefly with racehorses and the cheaper clarets.
The Lord Jesus died for the ungodly. He was obedient at all costs : He bore everything, and went down into the dust of death, man's hatred, God's desertion, and Satan's power ; we find Him there at the cost of everything. Everything that was against us was done away. By one man's obedience many are made righteous.
Craft takes time, and therefore it is luxury. You cannot do an amazingly well-made garment without taking time—not just the time it takes to make something but also the time it took the maker to come up with the idea. That is all luxury, and that has been lost because were trying to make things faster and faster, cheaper and cheaper. The consumer tends to lose track of what luxury is.
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