Psychology

Network Effect

What is Network Effect? When more usage (not adding number of users) of a product increases its value for other users, we can say that network effect is created. Not all types of companies can have it and not all types of companies need it. This is just one way of growing. For manufacturing companies,…

Jailbreak From Prison Procrastination

Procrastination has caused serious troubles in many lives. You should take a moment to congratulate yourself for reaching a stage where you will start arming yourself to confront this devil. But it would be wise to first understand the problem in depth and then move forward to finding ways to address it. I’m attaching a…

Prison Procrastination

Let us all be honest with ourselves here for once and accept that we all have, at least once in our lives, engaged into the socially frowned upon word ‘PROCRASTINATION’. And how can we forget the super-heavy (literally hulk-like heavy) guilt that eats us inside out for days! Yes I said ‘days’… Now that’s the…

Circle of Competence

Today, we are going to talk about “circle of competence” – a concept, which many successful people say, is of paramount importance. Let’s break the words and try to figure out what does this phrase mean. So there is the word “circle”. We know that circle is a geometric shape with curved but definite boundaries.…