![]() i could picture the babies we would grow. i could picture the vegetables we would grow.from what i can tell, it means a nurse will come in here every five minutes, wake you up and ask if you’re resting okay. it doesn’t mean you don’t deserve to be happy. that’s what’s keeping you awake at night. and it’s not so much the choice, it’s the fact that you now know you’re capable of making that choice. it’s just inside, rotting deep inside you, the choice you made.you chose your own happiness, and that’s not sitting so well with you now. if i didn’t know better, i’d say you still have feelings for me.i will bury him, and i will dance on his grave.did i do this to you ? or have you always been like this ? because if it was me.The data was also very easy to come by given all the history available on past transactions.* change pronouns / tenses as you see fit ! This would be very easy to code into a simple formula to program into the CRM. In our case study, the ‘Foreground Knowlege’ was straight forward… If there was a low probability of recession in next 6 months, and a property’s ARV was between 150k and 500k, and the property had been owned for more than 10 years, and the owner was behind on their mortgage or tax payments then the property may be good to purchase, fix & flip. As a side note… This always reminds me of the following quote:Įveryone has a plan until they get punched in the mouth – Mike TysonĪs a new CEO it is very important for you to separate the ‘Foreground Knowlege’ from the ‘Background Knowlege’ used to make decisions at every stage of the real sales process. Can you rely on ‘Foreground Knowlege’ analytics to predict those markets? Maybe, but you won’t know how to be successful in those new markets without a thorough understanding of the ‘Background Knowledge’. Marketing Automation systems as ‘Foreground Knowledge’.Īs the new CEO you must grow the business and that requires you to choose new markets to push into. The ability to build Algorithms that you can easily program into your CRM and Successful on to that data turns it into ‘Information’ and provides you with Values (ARV), tax and mortgage records is quite easy. Getting ‘Data’ on the housing market such as After Repair Now, let’s relate the Pyramid to the case study outlined in the previous article. This usually requires a lot of experience and it’s why your best employees almost always have great situational awareness. It’s the experience and knowledge of success, and potential difficulties and dangers of the vertical. The key differentiator, and what I have referred to in the previous article as ‘Street Smarts’, is the ‘Background Knowledge’ that encompasses a general understanding of how the physical world works, how human motives and behaviors work and knowledge of common facts that an average professional working in this field possesses. Regarding the weather example in the graphic below: Machine learning can be used to ‘Predict’ the weather but this is not really ‘Wisdom’ (knowing the right thing to do) and we are also likely a few years away from a computer having ‘Intuition’ (something that one considers likely from instinctive feelings rather than conscious reasoning). I find that looking at the pyramid in this way bridges the gap between Information and Wisdom given the wide use of CRM and Machine Learning solutions available today (Note that I added 3 new categories to the Pyramid: ‘Background Knowledge’, ‘Prediction’ and ‘Intuition’). I’ll use a version of the DIKW Pyramid that I modified to illustrate. I’ve been asked a few times what I meant by the phrase “Street Smarts” that I mentioned in Action #3 in the note titled “ Your next 5 months as CEO” so I am going to go into more detail below given its importance… Google Glass–will this platform be ubiquitous?.Recommendations for how to effectively manage a product group in a professional services organization.Selling a 5M-30M Revenue Private Tech Company in 20 Steps.Trump is not the problem – have you heard the story of the frog and scorpion?.11.6 million people are going to die next year by something that can be prevented.Using Ripple to understand valuation, risk and the SEC in the brave new world of blockchain.Blockchain: A lot of money, momentum and hope… but what is real?.How to Sell US Federal Customers (& Investors) On Your Company?.Want to live longer-get skinny and find some young blood!.DMD, Going one level deeper – a personal problem….Will the US debt eventually make the economy implode?.How do new blockchain/crypto business model incentives differ from old school companies like Facebook?.Every time I visit the doctor, I feel like I live in the dark ages.Bitcoin Technical Analysis Doesn’t Make Sense To Me.Set up future payments on Stripe using Laravel.Image Alignment (Feature Based) in OpenCV.js ( JavaScript ).
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