I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
Your ego is costing you lots of money
|
I say it many times. People prefer to be right than making money. Successful people though have less ego and more money in their pocket. Don’t believe so? Let me ask you what you would do in this situation. In 1997, the movie The War of Troy premiered, with a production budget of $15 million. Easy… probably you never heard of it, right? Well… after it was completed, it was shown in two theatres, sold $309 in tickets, and Warner Brothers pulled it. Sent it to hell. Why? Why not show it in more theaters and at least try to recover part of the investment? The movie was already made, what difference would it make? The reason is simple: money over ego. Do you know what the most expensive part of a movie is? Advertising. Warner Brothers thought the movie was a piece of sh*t and preferred to write off $15 million rather than spend another $30 or $40 million trying to save it. A $15 million loss added to the profit and loss statement, and they moved on. Easy. Fast. Next project. Let’s make more money. I don’t know what you would have done, but I can imagine things like social media campaigns, big billboards, interviews on TV, complain about the economy, the algorithm, etc. Instead of accepting defeat and changing course. Ego over money, as I said. This happens every day to billions of people out there. They keep the job they don’t like. They keep the business that does go anywhere. They keep the partner that is stealing them. They keep their position in the company that is going to hell. They keep away of investing. They keep the same bank for their mortgage. Etc. You can do much better than that… If you need a hand, click below.
PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. |
Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
In Japan, they often say: “Your life is like a garden.” If you’re not intentional… it gets overrun with weeds. Randomness. Distraction. Noise. This happens when you have too many goals. Too many priorities. Because let me tell you something. If you don’t have a clear maximum of 3 priorities… you have none. You get distracted. With lesser goals. Stupid goals. Or worse… scrolling. Looking for your next dopamine hit. This applies to your life. But also to how you work. If your door is always...
Hospital PPPs have a bad reputation. Delays. Overpricing. Rigidity. You’ve heard the stories. I remember when I work at ACS that any RFP announcement of a hospital was received as the last Trump’s tweet… We didn’t know what to do about… Let’s now talk about the Alzira Hospital PPP in Spain. Launched in 1999. First of its kind. A full model: Design. Build. Finance. Operate. Not just the building. Healthcare delivery. High risk. High exposure. High scrutiny. And still… It worked. Well… somehow....
Yesterday I learned that the European Union, the climax of bureaucracy in human history, will require passports for all dogs and cats. Some countries want to be wealthy. Others want to lead in technology or AI. Others want to be the best place in the world to do business. In the meantime… the EU is busy with things that will surely make it richer, more prosperous, and a better place to live. I’m telling you this because the EU is not unique. This is everywhere. Every country, government,...