Tag Archives: tools

Theory of Constraints spelling

Yeah I misspelled Theory of Constraints in my rush to post earlier. I don’t normally spell it Thoery of Contraints.

I thought I’d add another point that I learned from The Goal. In business accounting Inventory is an asset, which normally means it is a good thing. However inventory must be insured, counted, protected and marketed. Inventory becomes obsolete. Inventory consumes working capital. You can go broke with inventory.

As an exercise, value your inventory at fire sale prices. Then realise that someone, somewhere in the world is offering a product that is a replacement for yours at a fire sale price.

Inventory is only an asset at the moment it is turned into cash – not sold, but when you actually get paid.

A Thousand Dollars

A Thousand Dollars photo by Tracy Olson Victoria, BC, Canada sxc.hu 387599The psychology of wealth creation works on a subconscious level. It is hard to develop that radar in an environment where wealth is absent. So it’s hard to forget the plan with images of the goal all around.

That’s why dieters put images on their fridges. Images of them slim, somebody with a similar body type at the ideal weight, the treat they’ll have when they reach some goal — whatever.

Notice the image is different for each person. The image must be personally meaningful. One person’s motivational image is anothers de-motivator.

So when I found this image of a thousand dollars I thought “oh yeah!”. What images, totems, reminders do you have in your space of you goals. Give your subconscious the fuel it needs to serve your dreams.

I found the image at Stock.XCHNG, the leading FREE stock photo site. You can get a high resolution shot by clicking through to http://www.sxc.hu/browse.phtml?f=view&id=387599, and clicking the photo. It’s by Tracy Olson of Victoria, BC, Canada.