Every Day Entrepreneur, who runs a consulting business out of India, wrote a piece titled, “Great pieces of advice”. He says, “When I started the company, I had absolutely no idea on how to provide consulting services, let alone run a business. A lot of people gave us a lot of good advice, and I thought I would list out the more unconventional pieces of advice we received, and immensely benefited from.”
Truly unconventional was this piece of advice he got from his Dad:
“Increase your expenses: This is the one where I violently disagree with my Dad. His is the pure consumerist approach. Spend now, increase your expenses, increase the pressure to earn more revenues. Mine is the more conservative response: “Dad, I need to see those reserves in my bank, to be able to sleep well at night!”. To which, he will usually say, “You should have the confidence in your future earning abilities to not need 6 months’ expenses lying idle in your account”.
Sounds a bit insane, but I know many of us rise to meet challenging situations. Why not this one?
Thanks to Ken Dyck for directing me to this.