Make Stronger Decisions by Giving Value to Your Time

via lifehacker.com

Every person has an implicit hourly rate of value they create, in business and beyond. Determining that number is tough, but if you don't have an estimate—you don't have a framework within which to make decisions. SeatGeek founder Jack Groetzinger explains.

Let's use a business example to illustrate hourly rate of value. Perhaps Bob, SeatGeek's (fictional) traveling salesman, provides $150 of value for every hour that he's working. If Bob catches the flu and is forced to spend a day hunched over a toilet rather on the road selling, then the DCF of future earnings decreases by $1,500.

Posted via email from Inspiration

Improve Your Mental Toughness in 2 Minutes

via openforum.com

It is no surprise that it takes stamina and mental toughness to be successful in small business. The truly challenging part is achieving this level over an extended period of time. Dr. Jason Selk, a performance specialist and author of Executive Toughness, believes that "The way a person chooses to think will really control the way they behave." Having the right mental focus will lead to more successful business outcomes in the long term.

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The World's Strongest Economy?

via forbes.com

The annual Artprice report is out – the first of a group of annual analyses of the global art market, most of which generally repeat each others’ findings in one way or another. The biggest news: art sales for 2011, according to ArtPrice, were the highest in history:

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What Kinds Of Silicon Valley Companies Are Dying Right Now?

via businessinsider.com

The tech market has booms and busts, but one thing stays constant: most startups don't succeed.
That means that whatever the market is doing, there's a more or less constant stream of companies that get shut down because they simply couldn't raise enough money or get enough customers in time to repay their investors.
Today, blog peHUB posted a great interview with Marty Pichinson, the founder of Palo Alto consulting firm Sherwood Partners. The company is known as the undertaker of Silicon Valley for its role in shutting down startups and auctioning off their assets.

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