I met with an entrepreneur yesterday who, in passing, mentioned Warren Buffett’s method of prioritizing (ruthlessly). To sum it up:
Jot down a list of the 25 most important things you want to accomplish (in a month, in a year, in life).
Circle the 5 absolutely most important ones, and move them to a “must accomplish” list. This can be hard, since they’re all important.
Then — and this is the trick — move the remaining 20 to your “avoid at all cost” list.
Make a commitment to absolutely avoiding everything on that list (until you’ve accomplished your top 5).
Maybe this is old news to everyone, but it was the first time I’d heard it, and it really stuck with me.
The (obvious, when you think about it) point is that the twenty remaining things on your list will kill your focus on your top 5 in a death by a thousand cuts, and then you won’t actually accomplish anything.
The person I was talking to goes through this process with his team on the last day of every month, and they stick with it. It has resulted in a pretty impressive track record of focus and execution.
I like this, and I am going to give it a go for March. Will report back.
This week, the NYC’s black car association (limos and car services) filed suit to block the e-hail pilot that was set to begin today. The argument is that there has traditionally been a formal divide in NYC between taxis you hail on the street (yellow cabs) and cars you reserve in advance (black cars / limos / car services); that that divide serves an important public interest goal; and that e-hail crosses that divide. This raises two questions: 1) why do we distinguish between street hails prearranged pickups? and 2) does e-hail actually cross that line? I’d like to start with the first one because I think it’s more interesting. What we have is a rule — a bright line between heavily regulated, street hail-only yellow taxis and more lightly regulated pre-arranged rides in livery cars. Why do we have that? My suspicion is that there are good reasons why that rule was originally created — but that we now have a Regulation 2.0 opportunity — to satisfy those public interests using tools and techniques not available when the original rules were written. So, why do we have this divide? I can think of:
Passenger safety - since you are hailing on the street, you need to know that you can trust the driver and car. Therefore yellow cabs are subject to greater regulation — when you call a car service you are vetting the company in advance.
