In the wonderful world of business, you will encounter all kinds of interesting characters. Some friend, and some foe. But on a deeper level, you will have to discern whether or not you want to associate yourself with that person, and it's not easy. Maybe you want to invest in their company, or perhaps just get coffee on Wednesdays. Maybe you've known them for years, or perhaps just bumped into them at Staples. Regardless of your desires in the situation, you need to understand how they function. Will they be an asset in your life? Or a liability?
Fortunately, there's a neat way to go about doing this. It's called personality typing. More specifically, jungian functional preference ordering. It's a mouthful, but the concept is what's important here. It's also commonly known as Myers-Briggs personality typing. It focuses on four main questions and works as follows:
1. How do you focus, Extraversion or Introversion?
2. How do you take in information, Sensing or Intuition?
3. How do you make decisions, Thinking or Feeling?
4. How do you live your life, Judging or Perceiving?
Once you identify one characteristic from each question, then you'll have your personality type. For example, my type is INTP (i.e. Introversion, iNtuition, Thinking, Perceiving) when using Myers-Briggs. If you can learn the basics of this method you'll be able to identify these traits much easier in individuals, which will help you determine if you can function around said person. This model can get really deep in theory, but isn't necessary for everyday use. Try finding your own personality type first, then you'll have a grasp on how this method can benefit your entrepreneurial endeavors in the business world.
Yay! The Dow just finished above 23,000 for the first time in history. This is good, right? Well, from one perspective it may seem great, but in our current state of affairs, this is scary. Think about it for a minute. We have total inaction on Capital Hill, trillions of dollars in debt, dollars being printed for free, subsidies being given out like candy on Halloween (yes, it's that scary), and relief funds that the government really can't afford. There are many reasons, but they all have the same conclusion. An economic disaster.
The stock market right now is, "a fugazi. It's a wazzy, it's a woozy".
I'll tell you one thing for certain. This market is being bolstered by those that are buying into President Trump's promises of tax cuts, healthcare reform, and infrastructure projects. If congress doesn't push his agenda forward going into 2018, one of two things are likely to happen. Either you'll see politicians ousted very quickly for those that will support the "Trumplican" party or the stock market will take a hit as government distrust continues to escalate amongst citizens and causes alternative means for investment (is this where Bitcoin comes in?). Maybe both scenarios happen. Who knows! But something is going to happen, period.