4min snip

The Knowledge Project with Shane Parrish cover image

#189 Chris Davis: Three Generations of Wealth

The Knowledge Project with Shane Parrish

NOTE

Lessons on Quality, Selectivity, and Respect in Business and Personal Life

Quality in business is not about having more clients, but about carefully selecting the right ones. Building a board of directors with individuals you admire can serve as motivation to work harder. It is crucial to have measures in place that make it difficult for people to trade in and out of your business, as this can prevent potential scandals. Keep out clients whose expectations do not align with your values to maintain a high standard of service. Avoid prioritizing profit over respect by choosing clients who align with your principles. Physical reminders can influence mindset and behavior, such as having a bust of a respected figure or adhering to certain traditions like dressing respectfully. Demonstrating respect through attire can communicate professionalism and readiness for work. Maintaining a level of formality and respect can also be beneficial in personal interactions to convey professionalism and set a positive tone.

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