Category: Business plan

The Importance of Research as a Tool for Growth

As an entrepreneur, it seems that one has to be an expert in close to everything, including software, marketing, human resources, and sales. However, it is next to impossible to have specialized knowledge in all of the departments that are needed to run a business successfully. Although it would be ideal to have advanced degrees in these fields, research and self-study can be the next best tools for acquiring the needed information for growth.

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Ray Dalio on His Powerful Principles: Part 1

I just finished reading Ray Dalio’s book Principles: Life and Work, which was released in September 2017. Ray Dalio is the founder of Bridgewater Associates, the world’s largest hedge fund, and his book was highly anticipated due to the scale of his renown and success. His work is about the principles he developed to guide him both personally and professionally. Dalio has chosen to share these principles so others can benefit from the wisdom and experiences he and his company have accumulated over the years.

Despite his unusual approaches, Dalio’s book carries tremendous wisdom and practical insight. I highly recommend reading Principles: Life and Work because his principles apply to everybody who has goals, and his ideas provide an extremely valuable way of looking at the world. In case you haven’t had a chance to read it, here are some of the points that I found most impactful in “Part I: Where I am Coming From” and “Part II: Life Principles.” I will continue next week with my analysis of “Part III: Work Principles.”



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