Liminist’s Post

This study (about pizza!) answers a critical business question… What’s stronger: Our desire for MORE, or our fear of LOSING WHAT WE HAVE? To test this, University of Iowa researchers created two groups of participants: GROUP 1 was given a plain pizza, and told to add as many ingredients as it wanted. GROUP 2 was given fully loaded pizzas, and asked to remove any ingredients it didn’t want. The result: GROUP 1’s pizzas were simple and cheap. GROUP 2’s pizzas were loaded and expensive. Why? In GROUP 1, people added only what they reasonably wanted. In GROUP 2, people struggled to eliminate stuff they already had. (And yes, this study was done in both America *and* Italy, with the University of Rome. Same result.) THE TAKEAWAY: Studies like this have been done for decades, confirming what's called "loss aversion." We protect what we have, even if we don’t need it. The next time you resist change, ask yourself: “Do I really need this — or am I just protecting this because I have it?” The answer could change everything. If you found this helpful, please share it with others and follow Jason Feifer for more. 🔥 Want to improve your work? My newsletter, One Thing Better, helps you weekly: jasonfeifer.com/newsletter

Years ago my daughter wanted to organize her room. I had just read Marie Kondo’s book and thought we’d give her approach a try. We cleared out my daughter’s room into an adjacent space and once clear, she could go “shopping” through her things to fill back up her room. The rules were that anything could go back that she loved it found useful, if it had a place. This effort started with great enthusiasm as she rediscovered her favorite things and gave them places of honor in her room. By the end, she was kicking around things with her foot and losing interest. We bagged up everything left that was in good shape and viola! The room was cleaned and remained so. We ended the day still enjoying each others’ company and feeling proud and energetic about her tidy room. I contrast this with previous attempts to “clean up” which involved identifying tidying things that she didn’t love or find useful to take out of the room. Wildly different results and energy. We learned focusing on what you dislike and want to remove is life draining. We all have to do things we don’t enjoy, but we can do them in the “spoonful of sugar” way (as Mary Poppins taught us). Some friends in my Liminist grow group reminded me today that as we approach our family move, it is easy to be sad about what we are leaving behind and stressed all the tasks ahead, or we can be excited about what’s next. God is already blessing this next chapter (including future visits back to Atlanta to see family and friends). Loved the reframing. After all, we still have our friendships, memories, and more to build ahead. We are adding to, not just taking away. Jason’s share below echoes the sentiment and backs it up with research. What has your experience been with “take away” or “add to” choices? #attitude #leadership #decisionmaking #wellmadedecisions

Are you clinging to current conditions, because you fear losing what actually isn’t meaningful now? Maybe it never was, or once was, but losing what no longer serves you is not actually a loss at all. Certainly it’s not worth avoiding change with meaningful upside to keep. Every change has gains and losses. Focus on the gains, mourn and/or release the losses. Don’t let the latter foil the former.

Just love this article and the analogy is perfect for anyone in the sales world. Please take a few minutes to read this well written piece by Thomas Otter

🌟 Master Inventory Management in an Inflationary World 🌟 Inflation is hitting our industry hard. Your food costs are rising, and that’s cutting into your bottom line. But what if you could control it? By embracing advanced inventory management systems, you gain the power to track every ingredient, predict demand, and reduce waste. Imagine knowing exactly what you need before the rush hits, and never over-ordering again. That’s how you keep your costs in check, even when prices are out of control. These systems let you manage your inventory like a pro, keeping your shelves stocked just right—enough to serve your customers without losing profits to spoilage. The result? A more profitable, efficient business that still delivers top-notch quality to every guest. In a time when every penny counts, smart inventory management is your secret weapon. It’s more than just software; it’s the difference between struggling to stay afloat and thriving, even in tough times. 🌱 Invest in the right tools, and you’ll see the difference in your bottom line. Let’s navigate this challenge together and keep your business thriving. 💪 #ilkitchencoach #restaurant #chef #pizza #entrepreneur #business

Have you ever felt like your business processes sometimes resembles a tangled bowl of spaghetti? It's delicious, it works. You keep going back to it but it can get a little messy! And takes a lot more time and concentration to eat it than its other pasta counterparts! We’re here to help you untangle that mess, maximise productivity and profitability and help transform your business into a well-oiled machine!  Find out how to Maximise Productivity and Profitability: The Essential Guide to Streamlining Your Business Systems here 👇 https://lnkd.in/efnpbqEq #smallbusiness #supportsmallbusiness #smallbusinesssupport #smallbusinessowner #smallbusinessowners #entrepreneurlife #smallbusinesses #enterpreneur #businessowner #newbusiness

I love coffee... but part of it isn't why you think... Sure, it's delicious 🤤 And has variety (hot, cold, black, milk) And prevents caffeine withdrawals... 😅😭 But it's a great way to describe what goes into processes. Here's why: 🔀 There are understandable steps to follow 🔀 There are decisions (what type of order, brewing method etc) 🔀 There are visible inputs and outputs 🔀 There are measures (temperature, volumes, timing, pressure) 🔀 There is even automation (looking at you, grinder and tamp) Talk to any barista, they will tell you the importance of having a solid workflow. Now think about the importance of having a solid workflow in your business. ☕ Cheers. 📣 PS. While coffee is unfortunately not featured, our 2024 Business Systems Guide does describe how you can systemise your business through understanding your processes. 🔗 Get it from the link in the comments.

Graphs are Simplifying Today's Complex World I believe that in this overengineered world, graphs make the difference. Consider how even buying a coffee has doubled its complexity over the years. What used to be a simple process has now become intricate, requiring a Chain of Thoughts just to execute the purchase. The term "overengineered" struck me while reading “Building Knowledge Graphs” by Jesús Barrasa and Jim Webber. They advise against creating overly complex graphs, highlighting the importance of simplicity. I just can wish that a coffee shop owner reads this book and designs the coffee vending process using graphs. Anyway, the conclusion is that we should increasingly utilize graphs in our daily tasks to break down the complexities. #knowledgegraphs #overengineered #keepitsimple

Building a great business is like baking the perfect cake. It's not just about slapping on the icing that the customer thinks they want. No, no, no. You've got to crack the eggs of insight, sift through the flour of feedback, and mix in the sugar of strategy. If a customer says, "I want a dinosaur-shaped cake," you don't just preheat the oven; you dig up the bones of the problem. Maybe they really need a cake that roars to impress their friends! So, you whip up a solution that's more T-Rex than teddy bear, and voilà, you've got a product that's top of the food chain. Remember, the customer's always right about the problem, but the solution? That's your recipe to invent. 

Does anyone else struggle cooking eggs?😂 Just me?😂 If I try and poach them, they end up just disintegrating in the water. If I try to fry them, I end up breaking the yolk. If I scramble them, they end up dry. If I try to boil them, I either under or over cook them. 😂And don't even get me started on peeling a boiled egg 😂 Sometimes I've got it bang on, sometimes not so much and I have to try again. How many of us have undercooked, over cooked, broken, etc. the eggs? What? ✅ I reflect on what happened. So what? ✅ I think how to do it differently. Now what? ✅ Take the learnings - go again. We use trial and error in the simplest of things in our lives. Done right, this can lead to increased productivity, efficiency, sales, deals, improved working relationships... All of which we can't shake our heads at! Remember: 💭What? 💭So what? 💭Now what? Do you use reflective practice in your business?