Tuesday, March 13, 2012

Keeping your mind sharp

Keeping your mind sharp is one of the best investments you can make of your time.  Having a sharp  mind will let you enjoy the fruits of labor, and will also allow you to share those fruits with others more effectively.  


Here are 10 tips for keeping you mentally fit.

http://www.livescience.com/12915-10-ways-mind-sharp.html

1. Exercise regularly
2. Eat regularly
3. Diet carefully
4. Take care of your body
5. Get plenty of rest
6. Enjoy your caffeine (This was news to me)
7. Eat fish (knew that!)
8. "chill out" (meditate, do yoga, live a balanced lifestyle)
9. Don't take supplements
10. do puzzles (like crossword puzzles, sudoku, etc..)

And here's 5 tips from howstuff works:

5

http://people.howstuffworks.com/5-ways-get-smarter1.htm

1. Meditate
2. Exercise your brain
3. Ingest bacteria (of a certain kind)
4. Get some sleep
5. Take care of your body.




Wednesday, March 7, 2012

Always learn new things

"Data" is becoming a new measure of wealth in this new "knowledge" economy.   One skill that entrepreneurs need in this new economy is the ability to learn new ways of doing things, and adapt QUICKLY to change. Never be satisfied with the status quo.

Tuesday, March 6, 2012

Virtual Wealth

Almost everything I have done since the early 1990s to earn a living has involved computers or programming in some fashion.  Thus I have created a fair amount of wealth for myself (and my customers) by manipulating bits in computer memory in various ways, and tricking this amazing piece of technology to make lives and businesses run smoother (at least that is the hope -- it hasn't always worked out that way).

And I am not alone there are many entrepreneurs and consultants who are making a very good living selling/packaging/building this intangible thing called software that yet creates real value for a lot of people (often very substantially).

I get so busy just coding or thinking about how to make our service (webchalet.com) better, how to make my consulting practice better, that I forget how truly unique this situation is.

We have a larger and larger segment of our population that is generating real wealth by producing (virtual) intangible goods  (as opposed to tangible goods like real cars, radios, etc..).  And many of those tangible goods are being produced by robots. 

This is why even though manufacturing jobs are declining, more cars and other items are actually getting produced (because more and more of the work can be automated).

Eventually we will reach a point in time when most of our daily needs could in theory be provided through robots and automation.

Monday, March 5, 2012

Virtual Currencies & Ven

Virtual Currency is used to purchase virtual goods or services in online setting like a social network or an an on-line game.  Often, these virtual currencies can only be used to buy or sell goods in a virtual world or social gaming context, like Zynga.

Ven is different.  It is a virtual currency "backed" by a basket of real-world currencies and can be traded like any real currency.  You can (theoretically) trade dollars (or gold) for Ven, and vise versa.  Ven is one of the first virtual currencies to be traded like a traditional currency in the real world.




Saturday, March 3, 2012

Startups are everywhere

I just got back from an event linking dog lovers and those running startups -- http://www.meetup.com/Bay-Area-Startup-Dog-Enthusiasts/.  It seems I am meeting people everyone who are starting a new business or service.  For example, in addition to the startup I am involved with these days (www.webchalet.com), my partners are also running a site that sells pickles (http://pickapeckpickles.com/), and at the event today I met two more startup founders --a husband and wife team, Chris and Kim Wake, who run a startup for linking people w/ pets who need to run errands w/ those who can help,  (spotwag.com) and Peter Olfe, who runs a site (near2there.com) that can bookmark locations with your mobile phone.

All of these new businesses and services are great because they have the potential to add tremendous value to our economy by experimenting with new ways to deliver products and services, making it easier for people to do things or to shop on-line.

The mindset to innovate and to think of new ways of providing products and services is what made America the largest economy in the world, and it can turn reverse our deficit and turn our sluggish economy around.