Business-Risks-Preconceived Notions-Bob Davis Podcast 827

Business-Risks-Preconceived Notions-Bob Davis Podcast 827

We Are Our Own Worst Enemy

We are often our own worst enemy. This is an idea especially relevant to business owners. Financial and Business Consultant Todd Rooker and I talk about it in Business-Risks-Preconceived Notions-Bob Davis Podcast 827.

Our Psychology Can Kill Our Business

Moreover these days wherever you turn for information you’re likely to get a prediction based on the past. It all adds up to preconceived notions and cognitive dissonance which can be fatal to a small business.

Perception Can Be A Reality You Don’t Want To Live In

Financial Consultant Extraordinaire Rooker says it comes down to business owners wanting what they want, when they want it. I think it also has to do with this habit of pundits and commentators everywhere trying to compare our time, to the past rather than the present.

Assumption Is The Mother Of All F-Ups

Consequently business owners need guidance. Its very easy to get off the path or the plan. Especially when we might not have had much of a plan to start with. We talk about all this in Business-Risks-Preconceived Notions-Bob Davis Podcast 827.

Rooker Tells It Like It Is

Finally if you’re a business owner you won’t hear business being discussed with this level of clarity and authenticity very often. Rooker has worked with thousands of business owners over the years. When you add life and business experience, he has a lot of wisdom to share.

New World

Topics include the business mindset, cognitive dissonance and how to effects business owners, how different generations think about business overall, and our fast moving new world.

An Extraordinary Time

In conclusion I have certainly said over and over in these podcasts that I think we’re living through an extraordinary time. Never before have we faced the challenges we face. In addition we have never had tools with the power and scope we have these days. It’s a unique combination of factors we’ve never really seen before.

Despite the challenges it is a great time to be in business, as long as we don’t operate from preconceived notions.

Sponsored By Reliafund Payment Processors and John D Scott Personal Injury Lawyer

Business-Risks-Preconceived Notions-Bob Davis Podcast 827

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Ending Personal Finance Delusions-Road To Recovery-Todd Rooker-Podcast 719

Ending Personal Finance Delusions-Road To Recovery-Todd Rooker-Podcast 719

These days there’s a great deal of positive talk about ‘the economy’. Moreover, the focus is on government and big companies. Not a lot of realistic talk about our ‘personal economy’. We’ll talk about it in Ending Personal Finance Delusions-Road To Recovery-Todd Rooker-Podcast 719.

Unvarnished Observations Of Someone Who Knows

In Ending Personal Finance Delusions-Road To Recovery-Todd Rooker-Podcast 719 we hear the unvarnished observations of an experienced corporate and personal financial advisor.

Forget Wall Street. How Is Our Personal Economy?

What are the pitfalls for small business owners? How are families and individuals doing when it comes to personal finance? How is our personal economy these days?

Living The Dream. I Mean Delusion

When it comes to day to day financial management, it’s especially relevant to learn it’s pretty easy to live in a delusion, apparently. That goes for personal finance and business finance. Especially small businesses. This is just one of the key takeaways from our talk about why small businesses fail.

Spartan Lifestyle

To be sure financial advisors love to talk about retirement and living your dreams and passions. Thing is, living the dream requires a spartan lifestyle. When you’re living high on the hog, spartan is not something you want to do. So, business owners sometimes find it easier to avoid accounting for all expenses.

Todd Rooker’s observations are important for younger adults and small businesses. One of the most useful is a detailed explanation of how to account for all spending. I was surprised to learn some of the most knowledgeable and self aware see only what they want to see, when it comes to expenses. Delusions. There’s that word again!

Psychology 101. Our Own Worst Enemy

Human psychology determines what we’ll admit when we start totaling up the monthly budgets. Effective planning means short circuiting our own biases.

Following Our Passion

People want to follow their passion. How do you do that? Why doesn’t it always work out? Lots of great suggestions in Ending Personal Finance Delusions-Road To Recovery-Todd Rooker-Podcast 719 along these lines.

Day To Day

Truth is, most people are living day to day. Businesses started to serve a passion can fail. The root cause may be a surprise. Most noteworthy, is the idea it may be all about accounting for all the details and potential pitfalls when you first start out.

How do we plan and prevail?

Surviving and prospering is what it’s all about!

Sponsored by Reliafund Payment Processors and Ryan Plumbing and Heating of Saint Paul

Ending Personal Finance Delusions-Road To Recovery-Todd Rooker-Podcast 719

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Playing The Something Is Going To Happen Game-Podcast 644

Playing The Something Is Going To Happen Game-Podcast 644

You can already feel it. The long fourth of July weekend approaching. We’re starting to slow down. So, for the ride to the lake. During periods of rain. It’s fun to think about what might happen. In Playing The Something Is Going To Happen Game-Podcast 644.

Podcasts Have To Go Deeper

I podcast a lot about media’s role in our society. For a deeper look at angst listen to Podcast 643. We’re awash in media informing us of the latest developments. ‘Breaking News’ is the norm these days. Podcasters have to go deeper. We’ll do that in Playing The Something Is Going To Happen Game-Podcast 644.

The Next Black Swan Event Is…

Truth is, I do feel a growing sense that ‘something is going to happen’. A true ‘Black Swan’ event is something unpredictable. An event that changes the course of history. Black Swan events like the stock market crash of 1929 or the September 11th Terror Attacks were not predicted, although some might have had some forewarning. Some predicted the financial crisis of 2008, but on the whole, it was a surprise.

A Personal Story Of A Shocking and Unexpected Event

A recent example of an unpredictable event in my own life illustrates the kinds of changes we go through when things change, unexpectedly and unpredictably. Moreover in my experience a sense expectation can mean something good is about to happen too. Especially important and relevant is an expectation of a major event that changes history. This kind of expectation is a sense of foreboding.

Not The Latest Dispatch From Washington

In a broader sense our social angst is driven by constant coverage of breaking news and new opinions on every little thing that happens in a place called Washington DC. Playing the ‘Something Is Going To Happen’ game is not anticipating news out of Washington.

Making History

A true Black Swan event is something out of the so called left field. An event in the financial world. Something breaking loose from the sense of normalcy in the rest of the world. An unexpected and totally new development from the world of invention. An event that changes history.

We Don’t Change on A Dime…Or Do We?

We think of eras as decades. The 1950’s, the 1960’s, and so on. We think of changes taking place when governments transfer power. So, the Obama era gives way to the Trump era. Except that is not the way it works, Steve Jobs said what we think of as the 1960’s actually happened in the 1970’s. Events actually determine when we move from one era to the next.

To sum up, a new president took office in January. After a lot of chatter and fireworks, nothing substantial has really happened. The test of the new president hasn’t really emerged yet. Fertile ground for our imaginations to break free from the daily news feeds and imagine what could happen. Enjoy the July 4th holiday! (Editor’s Note: In This Podcast I refer to Nouriel Roubini as the person who coined the term ‘black swan’. It was in fact  Nassim Nicholas Taleb.)

Sponsored by X Government Cars and Ryan Plumbing and Heating of Saint Paul

Playing The Something Is Going To Happen Game-Podcast 644

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