“The men who try to do something and fail are infinitely better than those who try to do nothing and succeed.” - Lloyd Jones

“Efficiency is doing things right; effectiveness is doing the right things.” - Peter F. Drucker

Commentary: Peter Drucker is one of my favorite thinkers and quotes like this one show why. Many small businesses correctly focus on efficiency but they end up being efficient in things that don’t matter. Conversely, some small businesses are doing the right things very inefficiently. The key is to make sure you are doing both: focussing on the right things and doing them right.

“A good plan, violently executed now, is better than a perfect plan next week.” - Gen. George Patton

Commentary: As we’ve written before, planning can go on forever until everyone thinks it’s perfect. However, many times a good plan is good enough and the quicker you start working on it the faster things will get done.

“Anyone can be a genius, if they pick just one specific subject and study it diligently just 15 minutes each day.”   - Albert Einstein

Commentary: Einstein is right. Is there something that you want to become a genius/expert at? If you dedicate just a bit of time everyday to the study of that topic you can be amongst the greatest in the world at that subject.

Which one topic or subject, if you could become an expert at, would make the greatest difference in your life and/or business?

“The distance between you and your dreams is often the length of a single idea.”  – Vic Conant

Commentary: Sometimes all it takes is a new idea or thought to make you look at the world differently. One business idea (intelligently acted upon) can change your life. In business, you only need to be successful once and you’re set for life. Always be on the lookout for the idea that could change your life.

“We don’t want to be rich, we just want to be richer that other people” - John Stuart Mill

Commentary: Small business owners tend to focus on money when we should be focussing on lifestyle. Acquiring more and more money is an endless game that never brings satisfaction. The best thing to strive for are the lifestyle of wealth: time-off, family time, not worrying about money, vacations, etc. When you focus on lifestyle, you’ll find that it takes much less money and requires you to focus on making your business run without you rather than requiring your constant attention in the pursuit of more money.

“Plans are only good intentions unless they immediately degenerate into hard work.” - Peter Drucker

Commentary: Sometimes the planning process goes on forever. Some people are obsessed with planning to a point where actual work never gets started. It is important that planning is effective, but as Peter Drucker states, it is imperative to get to work!

“If people knew how hard I worked to achieve my mastery, it wouldn’t seem so wonderful after all.” - Michelangelo

Commentary: One common thing about people who master a skill is that though they may make it look easy, nobody sees the thousands of hours practicing, refining, studying and hard work.

“Don’t worry, be crappy. Revolutionary means you ship and then test… Lots of things made the first Mac in 1984 a piece of crap - but it was a revolutionary piece of crap.” ~ Guy Kawasaki  

Commentary:

I think it is a myth that a new product that will solve problems or fill a need (especially a technology product) must be perfect before you launch it. Modern experience is showing that may not be true - lots of great products were buggy at first, incomplete when first launced: MySpace.com, Google, Xbox 360, etc. The key is to launch but then improve based on user-feedback.

1. A person who never made a mistake never tried anything new.

2. Education is what remains after one has forgotten what one has learned in school.

3. I am enough of an artist to draw freely upon my imagination. Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.

4. The secret to creativity is knowing how to hide your sources.

5. The value of a man should be seen in what he gives and not in what he is able to receive. Try not to become a man of success, but rather try to become a man of value.

6. There are two ways to live: you can live as if nothing is a miracle; you can live as if everything is a miracle.

7. When I examine myself and my methods of thought, I come to the conclusion that the gift of fantasy has meant more to me than any talent for abstract, positive thinking.

8. In order to be an immaculate member of a flock of sheep, one must above all be a sheep oneself.

9. You have to learn the rules of the game. And then you have to play better than anyone else.

10. The important thing is not to stop questioning. Curiosity has its own reason for existing.

~Albert Einstein