I’m an entrepreneur because I enjoy having extreme control over my circumstances, my business, my lifestyle, and my bank account. The decisions I make today directly impact the situation I’m in tomorrow and next week and 5 years from now. The past month has completely turned that upside down.a

Ray Dalio, in his book Principles, talks about the search for truth over the desire to be right and convince other people of your way of thinking. Things are changing fast. The close-minded folks are getting left in the dust. The radically open-minded entrepreneurs will win. Remind yourself that three things are at play when you’re making decisions: 1. You filter information based on what supports your previously held beliefs and desires 2. You actually understand things a lot less than you think you do (the can opener effect) 3. Your emotions (fear, anger, greed) impact your logic in a negative way Change your mind often. Accept all new information based on what it’s worth. Understand your blindspots. Keep a bead on your emotions. The last 10 year run has made it easy to succeed. A rising tide floats all ships. This hardship will separate the winners from the losers. Stay strong!

Change spells opportunity.

Debt is what makes the world go round.

Tough balancing act right now between keeping people liquid and motivating the wrong behavior.

I've seen a lot of emails and from people saying that they've figured it out: businesses have poor online presence, so they'll be the middle man to connect the customers who are searching online to the businesses that are not online. In this episode I break down why that is NOT a good business plan. 

I've spent the last 2 weeks talking to as many smart people as I can about the economy, what they're afraid of, and what they think will happen. Here is a breakdown.

When change happens entrepreneurs get windows of opportunity to add new value in new places. This is an opportunity!

How you chose to spend your time makes all the difference. Doing an 80/20 analysis can help you figure out what 20% of your efforts generate 80% of your results.