Saturday, February 16, 2008

Saturday's focus on systems is a focus on the path to wealth -- monetary, physical, psychological, and spiritual wealth.

Hattie and I just met a long-time viewer of the show, Dan Swiger, the founder of Mentor Capitalist. He's been watching the show since 1994. He is a de facto systems thinker. Most of us are, but Dan is particularly good. He is constantly thinking about how people and ideas are connected.

That is the beginning of systems thinking: 1) How do things relate? 2) What makes things cohere? 3) How is value created? As you might expect, the answer is a simple-but-deep word: Systems.

The web is a great place to explore systems and ask those three questions. Each defines the heart of business. The best business people constantly think like a World Wide Web. The billionaires and multi-millionaires are very good at it.

On this Presidents' Weekend, we should all think more presidentially by learning how capital and systems cohere and how more value is created. I recommend the following:
1. Spend some time with Michael Novak to grasp the inherent systems within capital.
2. Grasp the power of your financials, as ratios. You'll begin seeing your business is one big system.
3. Protect your systems. Simple stuff. We all have to do it.
4. Teach everybody to respect each others Intellectual Property

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