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20/20 Vision

December 26, 2019 By Tom Mungavan Leave a Comment

The start of a new year is often a time to review the past year and look ahead to the next year. For some of us it is a time to catch our breath. When we have time to rest and think … we tend to see the bigger picture. What do we want the next year to be for us? What resolutions do we want to make?

New Year’s resolutions are often broken by Valentine’s Day. After many years of falling short, it is easy to make the resolution to never make another New Year’s resolution. An easier one to make and keep.

General Rules

I encourage you to be a little more positive as we face 2020. Even if a resolution is broken by Valentine’s Day … that’s 12% of the year. OK – you want something more encouraging? There are many techniques promoted to make and follow goals. They all have merit and yet are not sufficient.

What we do know from looking at all the approaches is that simply writing down what we want to accomplish in the coming year, in some detail, is beneficial. Even if you put the list in a drawer or a computer folder and don’t look at it again for a year … your chance of accomplishing that goal goes up significantly.

Conclusion

Taking some time to think and write down a few goals in detail is very powerful. The clearer and more specific the better. If you review the list weekly or monthly, your chances of achieving your goals is highly likely. If you detail out your plans and put them in a drawer, they are still more likely to be achieved than if you give up making goals and resolutions altogether.

Three to five clearly written goals is something you can do. Mark on your calendar to review them monthly. Whether you review them or don’t review them every month, you are ahead of the game. If you are able to keep your resolution to look at them monthly, you will overcome your hesitancy to make resolutions you don’t keep.

Have a wonderful vision for 2020!

50 Years Ago

August 1, 2019 By Tom Mungavan Leave a Comment

Man landed on the moon 50 years ago. It was an amazing feat. It was an aspirational and inspirational accomplishment that was watched by 20% of the world population. That was probably close to everyone who had a television.

What made the accomplishment even more amazing at the time was the rudimentary tools available. The computers had very little capacity compared to even our Fitbit or iWatch. The interfaces from the computer to the physical world were very unreliable. NASA would have loved the gyro or the ability to monitor your heart rate in your watch today.

Moon Landing Stamp

I may be the only person you know who was programing computers 50 years ago. (There were not many of us.) I was a systems engineer for IBM in 1969. I was not putting people on the moon at that time. I was helping companies run their entire business on computers with as little as 8K processors and 5 meg of disk memory. IBM was revolutionizing companies and processes. The fears at that time were that computers would obsolete workers … much like the fears today about robotics in the workplace.

President John F. Kennedy showed the vision and executive presence to inspire an entire nation to get behind an audacious goal of going to the moon.

You probably have seen movies that show computers with blinking lights and levers. Fifty years ago, those lights and levers allowed a programmer to stop the computer program at a certain point and change the program and data using the levers to replace the “0” and “1” (that instructed the computer and represented the data). Much more rudimentary capability than your Fitbit or watch.

There was so little computer memory that programmers recorded years in two digits rather than four (1969 = 69) to save space. It was always assumed that the programs being written at that time would be replaced before the year 2000. Many old programs were not replaced and thus there was the “Y2K” crisis at the turn of the century. Another way to look at the capacity in 1969, capturing one average photograph today would have exceeded all the computer capacity for an entire medium sized company.

IBM 360 Computer
IBM 360 Computer

In 1969, people wrote letters by hand or typewriter and mailed them. Delivery was measured in days and weeks.

In today’s dollars, long distance phone calls (on landlines) cost $5 to $50 per minute with the help of a phone operator. There were no answering machines or VCR’s. People used cash and checks. Most stores were not air conditioned. Most stores were closed on Sundays and evenings. In addition, Vietnam protesters were setting off bombs in restrooms. It was a very different time.

We have many technological things that we now take for granted. It is difficult to imagine how major the accomplishment was to land on the moon and return. A number of people (including my 85-year-old grandfather) found the accomplishment so hard to believe that a they were convinced it was done in a movie studio and we actually did not land on the moon.

Fortunately, the national news was more trusted than it is today so most people accepted the truth of the accomplishment. Landing on the moon 50 years ago is certainly a tribute to what a nation working together for a worthy vision can accomplish. It is worthy of celebration.

Happy Thanksgiving!

November 22, 2017 By Tom Mungavan Leave a Comment

We know that we are blessed by all those who support us in thought, word and deed.

$31,000 Per Month in Tips

March 31, 2017 By Tom Mungavan Leave a Comment

A friend of mine was concerned about his son’s income potential with an English Literature degree from a small liberal arts college. His son was a junior at the time.  The father knew his son was doing weekly video podcasts from his bedroom, and that he had received some fan mail. What he was surprised to learn was that his son was earning $120,000 that year from advertising.  The son now has multiple podcast channels and is able to buy a nice house, get married, and live a comfortable financial life.  That surprise came five years ago.

Seeing the Future is the Currency of Strategy

Band rehearsing in a studioIt is now 2017. Today, live-streaming is a way many musical groups and comedians are earning money.  The top 20 content creators make an average of $31,000 per month using the Live.ly App, according to the Wall Street Journal. The wide availability of Internet music has devastated the income stream for most smaller market musicians. What if they are able to use that same Internet to do virtual music tours, or create connections with their audience, without the road trip? Fans provide tips via the mobile app. One-third of the tips go to Apple or Google through app payments, a small percentage to the app writer, and most goes directly to the talent.  Facebook is  considering adding a “tip jar” to its struggling live-streaming platform.

Future Customers and Employees

Performers are providing interaction with their audience that changes the dynamic of the relationship. In exchange, the fans are giving money to the performers. Most users are young mobile users. They can access the stream for free, and they still choose to contribute.

How is this changing the expectations of the next generation of talent who will be your customers, or your employees? Do you need to be able to live stream with your subordinates or your customers/prospects in a whole new way? It’s hard to imagine any answer, other than “Yes!”  Just as my friend was shocked five years ago at the earning power of his son in college, I was very surprised at the financial success of those using streaming.

Remote Relationships

We are still in the early stages of the online video revolution. I believe there is incredible power to change global communications for the better. I have actively pursued the best ways to harness these technologies to make that connection happen. I use videoconferencing regularly with clients, and with my colleagues. With my optimism and belief in the potential for the success of the streaming “tip jar”, used on a global basis, it has my attention.  We need to view this shift strategically for the benefit to each of us personally, and for our businesses.

See also link to blog “Twilight of the Rock Gods”

 

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