Thursday, February 25, 2010

Balancing Life

Some people view life like a balance sheet.  And in
many ways this is re-enforced in business with - "I'll scratch your back,
if you scratch mine".  Or - "I'll help this person out because
it puts a “receivable” on my side of the balance sheet that I can call upon
sometime in the future.

So we count the credits and debits to determine if our life is in balance.  But where is the equity (for those
non-accountants assets = liabilities plus equity)?  

It takes equity to balance life out.  And in business
the important statistic is return on equity.

So building equity is the goal.  And there is only one place to get
equity.  You figure it out.

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