Thursday, October 8, 2020

Making the most of our evenings



Bismillah.

I am a morning person and thus I tend to focus my energies on trying to make my morning productive. Over this past few weeks, I have noticed that my evenings haven't been that productive or fufilling. This morning, I started researching afternoon/evening habits that can I hope to incorporate in the upcoming days/weeks, iA.

As an aside, I am reading  The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM) by Hal Elrod with one of my teammates. I will plan to share some of lessons learned from this book in the a few days.

Going back to making better use of afternoon/evenings, I didn't see any books that popped up easily with my initial Google searches. I did find some of articles and will share some those links below.
John Rampton from Entrepreuner.com wrote the following piece: 11 Afternoon and Evening Routines That Will Make You Much More Productive Tomorrow

His list of routines include the following:
  1. Stop while you are ahead
  2. Get up and Move
  3. Take a micro nap
  4. Save the easy stuff for last
  5. End your workday on a high note
  6. Chillax when you get home
  7. Do one more thing that you love
  8. Eliminate negativity and reflect
  9. Prepare for tomorrow
  10. What good did I do today?
  11. Turn your bedroom into a cave
Thomas Oppong from medium.com wrote the following article:  8 Powerful Evening Habits That Will Prepare You For a Better Tomorrow. He included the following habits:
  1. Get ready for tomorrow today
  2. Create a shutdown ritual
  3. Establish a restorative place to unwind
  4. Make time to reflect
  5. Focus on mastery experiences
  6. Read something you enjoy
  7. Cut out the blue light
  8. And prioritize sleep
I  haven't really been as structured on my evening habits. I plan to try some of the aforementioned routines and see how that changes my evenings. Feel free to leave a comment below if you have figured out to make the most of your evenings and/or are working to making your evenings more productive.





Friday, October 2, 2020

Take advantage of 5

 Bismillah.

The Prophet (S) says, "Take advantage of five things before 5 others.. 

  1. your youth before you become old; 
  2. your health, before you fall sick; 
  3. your wealth, before you become poor, 
  4. your free time before you become preoccupied, 
  5. and your life, before your death."
This is an excellent reminder to prioritize life's blessings before they are gone or diminished. 

John Maxell says in his book, Today Matters, "You will never change your life until you change something you do daily."

Lets always be proactive in the way we approach life and our daily challenges.

Have a wonderful and productive Friday- 

Wednesday, September 30, 2020

Fail or Succeed Quickly

 Bismillah.


Failing or (succeeding) quickly allows us to test hypothesis or potential solutions efficiently. I am a believer in executing on your vision or idea as quickly as possible so that you can either build on your idea and/or move on to your next contribution to the world. 

John Maxwell writes in his book, Failing Forward, "The difference between average people and achieving people is their perception of and response to failure."

John Maxwell also cites a Thomas Edison quote, "Many of life's failures are people who did not realize how close they were to success when they gave up."

I haven't read the full book, Failing Forward, but Maxwell's main thesis to redefine how we look at failure and treat it as a stepping stone towards success.




Saturday, September 26, 2020

notes from today matters by John Maxwell

 Bismillah.


I'm reading Today Matters 12 Daily Practices to guarantee tomorrow's success by John Maxwell with one of my teammates.


I listed some quotes from chapter one that resonating with me. In terms of reflection, John Maxwell’s main point is to take full advantage of today, don’t stress about what happened yesterday, and don’t push off something worthwhile to start tomorrow. 

Hope some of the notes below inspire you to make the best use of today. I’ll try to add more reflection in future posts IA.

"Real, sustainable change doesn't happen in a moment. It's a process."

"Growth comes from making decisions and following though on them."

"The secret of your success is determined by your daily agenda...Successful people make right decision early and mange those decisions daily."

 "One today is worth two tomorrows; what I am to be, I am now becoming." Benjamin Franklin

Today can become a masterpiece

The only adequate preparation for tomorrow is the right use of today.


Today's Priorities give me Focus

Devoting a little of yourself to everything means committing a great deal of yourself to nothing." Michael LeBoef

Ralph Waldo Emerson advised, "Guard well your spare moments. They are like uncut diamonds. Discard them and their value will never be known. Improve them and they will become the brightest gems in a useful life."

Priorities help us to choose wisely. Author Rober J. Mckain says, " The reason most goals are not achieved is that we spend our time doing second things first."

John Maxwell recommends asking yourself three questions when determining your priorities:

  1. What is required of me?
  2. What give the greatest return?
  3. What gives me the greatest reward?

Today's Health Gives me strength

Successful people make the major decision in their life early and mange them daily.

Today's family gives me stability

Decide on your philosophy

  1. Commitment to God
  2. Continual growth
  3. Common experiences
  4. Confidence-- in God, Ourselves, and others
  5. Contributions to Life

Today's thinking give me an Advantage

  1. Big Picture Thinking
  2. Focused Thinking
  3. Creative Thinking
  4. Realistic Thinking
  5. Strategic Thinking
  6. Possibility Thinking
  7. Reflective Thinking
  8. Questioning Popular Thinking
  9. Shared Thinking
  10. Unselfish Thinking
  11. Bottom-Line Thinking


Today's Commitment Give me Tenacity:

Today's Finances Give Me Options

Today's Faith Give me Peace:

Self Evaluation 

  1. Attitude: Choose and display the right attitude daily
  2. Priorities: Determine and act on important priorities daily
  3. Health: Know and follow health guidelines daily
  4. Family: Communicate with and care for my family daily
  5. Thinking: Practice and develop good thinking daily
  6. Commitment; Make and keep properly commitments daily
  7. Finances: Earn and properly manage finances daily
  8. Faith: Deepen and live out my faith daily
  9. Relationships: Initiate and invest in solid relationships daily
  10. Generosity: Plan for and model generosity daily
  11. Values: Embrace and practice good values daily
  12. Growth: Desire and experience improvements daily. 


Thursday, September 24, 2020

Some notes from 7 Habits from Highly Effective People- Stephen Covey

 Bismilah. 

I'm going to try and be consistent on this blog again. I listened to a talk from Seth Godin recently and he spoke of the benefits of writing/blogging every day.

I am currently reading a few books with my team members at Altenew. I will share some of the lessons/takeaways that are in my mind from two of the books today.

The 7 Habits of Highly Effective People- by Stephen Covey

Stephen Covey discusses the concept of P/PC balance. P stands for production of desired results and PC stands for production capability. He gives an example of a goose that lays golden eggs. Golden Egg in this example would be the P and the goose itself would be the PC. Covey makes the case to nurture both P and PC to be most effective. Focusing on just one of these concepts isn't optimal.

See below for Covey's own words:

Effectiveness lies in the balance. Excessive focus on P results in ruined health, worn-out machines, depleted bank accounts, and broken relationships. Too much focus on PC is like a person who runs three or fours hours a day, bragging about the extra ten years of life it creates, unaware he’s spending them running. Or a person endlessly going to school, never producing, living on other people’s golden eggs-- the eternal student syndrome

The P/PC concept instilled a stronger initiative in me to produce more results  (i.e. share my own golden eggs with the world). Sometimes it is easy to get caught up in reading and learning, and not spending enough time in executing and contributing to the world. I agree with Covey that there needs to be a balance between developing skills and achieving results. 

For those of you that are not aware of 7 Habits that Covey illustrates as fundamental are listed below:

  1. Be Proactive
  2. Begin with the End in Mind
  3. Put First Thing First
  4. Think Win-Win
  5. Seek First to Understand Then to Be Understood
  6. Synergize
  7. Sharpen the Saw

The 21 Indispensable Qualities of a Leader by John Maxwell 

Out of the 21 qualities of a leader highlighted by John Maxwell, the one on Vision probably made me reflect the most.  Maxwell discusses the importance of vision in guiding a leader and helping them provide a pathway for their team. 

On a personal note, I plan on outlining a vision statement for Altenew, my family and personally in the upcoming days. Let me know if you want to compare notes and if you want to hold each other accountable.

Hoping these thoughts sparked something in you to contribute a bit more today, inshAllah- NR


Wednesday, September 4, 2019

Build to Last continued- clock builder vs time teller

Bismillah

In chapter 2, Collins discuss the importance of being a clock builder vs time teller. A person who can tell time by just looking at the stars has a remarkable skill, but the person who can build a clock that can tell time forever even after he/she is gone is more remarkable. 

Similarly visionary companies had leaders and systems that worked on building lasting companies rather than focusing on increasing one's influence or ego within the company.

In own lives and within our companies, are we taking actions that focus on making the best company or the best possible family, or we taking steps that only benefit us personally? This is my biggest reflection from this chapter.



Monday, September 2, 2019

Build to Last Successful Habits of Visionary Companies Mini Review (by Jim Collins)

Salams all:

I am trying to get back to blogging, iA. The hope is that I can share some of the concepts and ideas that I am reading about in a more consistent manner.

So, I picked up a book I started a while back, Build to Last, by Jim Collins. Jim Collins and a team of researchers performed research of a visionary companies and distilled their findings in this book.
Visionary companies were selected through a CEO survey and typically outperformed the market by 15 X and outperformed comparison companies by 6x

In chapter 1, Collins defuses 12 misconceptions on the visionary company habits:

It takes a great idea to start a company
Visionary companies require great and charismatic visionary leaders
The most successful companies exist first and first foremost to maximize profits
Visionary companies share a common subset of "correct" core values
The only constant is change
Blue-chip companies play it safe
Visionary companies are great place to work, for everyone
Highly successful companies make their best moves by brilliant and complex strategic planning.
Companies should hire outside CEOs to stimulate fundamental change
The most successful companies focus primarily on beating the competition
You can't have your cake and eat it too
Companies become visionary primarily through "vision statements"


Two things that stuck with me from the 1st chapter were that visionary companies were committed to "Big Hairy Audacious Goals" (BHAG) and that they were primarily focused beating themselves (rather than competition).

Anyhow, hope I can be consistent with these posts. iA.


Sunday, August 6, 2017

Restaurant Success by the Numbers- by Roger Fields, CPA- review of the first few chapters

Bismillah.

My plan is to post on this blog regularly, iA.

I was recently approached to invest in a restaurant at a local mall. I bought Roger Fields' Restaurant Success by the Numbers book on setting up restaurant as a reference tool to orient me to this industry.

I read the first five chapters and glanced through the remaining 10 chapters. I will share some of Fields' thoughts below:

Fields provide a decent framework based on his experiences and other case studies. I found the case studies most useful and made the material more engaging. His methodical discussion on developing the restuarant concept. identifying the target market, securing the appropriate location and making pro-forma statement based on reasonable assumptions was useful and pertinent to gain an insider's prepspecitve of launching a restaurant.

Fields splits the book into three sections:

  • Dreaming for success (Chapters: The rules of the game, The restaurant concept, Your target market, Location, location, location, Dollars and sense) 
  • Developing The Details (Chapters: Constructing the menu, Fashioning designs & ambiance, Setting the table, Raising the bar, Designing the kitchen, Staffing) 
  • Getting Down to Business (Chapters: Getting the Money to Make it a Reality, Setting up Your business, Taking it to the street, Opening Day and beyond) 


Fields begins the book with the assertion that it is a myth that 90% restaurants fail by the first year; his assertion is that 26% fail in the first year ans that 59% fail within three years. Fields asserts the following reasons on why independent restaurants fail:

  • unrealistically high rent and occupancy costs 
  • undercapitalization and lack of working capital 
  • lack of attention to details in managing financial resources 
  • poor operational management 
  • excessive investment in construction, equipment, renovation, and acquisition costs 
  • poor choice of location 
  • poor choice of concept 
  • poor or inconsistent food and service 


Fields lists a few basic rules to consider for an aspiring restuarant owner/investor:

  • Keep your foot firmly planted in realities of business and the other in your passion for your restaurant
  • Consider starting small event you've had previous experience as a chef or a manager 
  • Set initial realistic goals and objectives 
  • Recognize from the get-go that the amount of financial resource you have access to will limit the type and size of restaurant you can realistically open 
  • Make a commitment to find and surround your self with the right people to help you get the job done

In regards to my thoughts on making the investment into a restaurant, I offer the following recommendations to the operator that reached out to me:
  • Consider finding a co-founder who is familiar with local laws and jurisdiction
  • Since, the restaurant concept is Mediterranean and target market is individuals who seek out halal meat options, consider approaching existing halal meat stores and figure out if there is opportunity to collaborate in their existing location
  • Draft a well-thought out forecast and projections

Tuesday, August 5, 2014

Review for Jeffrey Gitomer's The Little Red Book of Selling: 12.5 Principles of Sales Greatness

Bismillah.

I recently listened to Jeffrey Gitomer's The Little Red Book of Selling: 12.5 Principles of Sales Greatness and wanted to share some high level notes.
http://www.audible.com/pd/Business/The-Little-Red-Book-of-Selling-Audiobook/B002V9Z58A

Good ideas/perspectives are most useful when we act upon them.  So, how do you act upon these ideas? I suggest you focus on a couple of principles a week and try implementing a new strategy or action from these principles in a routine basis. Internalizing concepts/ideas occurs with focus and persistence.

Much thanks to Mr. Gotimer for sharing his experiences/perspective in a user-friendly manner.

I listed Mr. Gitomer's 12. 5 principles for sales greatness below:

  1. Kick your own ass
  2. Prepare to win, or lose to someone who is
  3. Personal branding is Sales: It's not who you know, its who knows you
  4. Its all about value, its all about relationship, its not all about price
  5. It's not work, its NETwork.
  6. If you can't get in front of the real decision maker, you suck.
  7. Engage me and you can make me convince myself.
  8. If you can make them laugh, you can make them buy!
  9. Use CREATIVITY to differentiate and dominate.
  10. Reduce their risk and you' convert selling to buying.
  11. When you say it about yourself its' bragging. When someone else says it about you its proof.
  12. Antennas up
  13. Resign your position as general manager of the universe. 

I wish you fulfilling success.
 Nabil

Why customers buy (per The Little Red Book of Selling)

  1. I like my sales rep
  2. I understand what I am buying
  3. I perceive a difference in the person and the company that I am buying from
  4. I perceive a value in the product that I am purchasing
  5. I believe my sales rep
  6. I have confidence in my sales rep
  7. I trust my sales rep
  8. I am comfortable with my sales rep
  9. I feel that there is a fit of my needs and his/her product or service
  10. The price seems fair, but its not necessarily the lowest
  11. I perceive that this product or services will increase my productivity
  12. I perceive that this product or services will increase my profit
  13. I perceive that my salesperson is trying to help me build my business in order to earn his. My salesperson is a valuable resource to me. 


18.5 secrets of success (per The Little Red Book of Selling)

  1. believe you can
  2. create the environment
  3. have the right associations
  4. expose yourself to what's new
  5. plan for the day
  6. become valuable
  7. have the answers your prospects and customers need
  8. recognize opportunity
  9. take advantage of opportunity
  10. take responsibility
  11. take action
  12. make mistakes
  13. willing to risk
  14. keep your eyes on the prize
  15. balance yourself
  16. invest, don't spend
  17. stick at it until you win
  18. develop and maintain a positive attitude
  19. ignore idiots and zealots


Saturday, November 16, 2013

Strong Believer is better; Be Determined, Make Dua, and Work Hard

Bismillah.

I listened to Shaykh Yasir Qadih's khutbah on the following hadith:
Abu Hurayah reported that the Prophet (S) said, "A strong believer is better and more beloved to Allah than the weak believer, and there is good in both. Be eager to obtain that which benefits you, ask Allah's help, and don't be lazy. And if something happens to you (result was different that your plan/expected), then don't say, "If only I have done this, then such-and-such would have happened, but rather, say, Whatever Allah has willed has occurred, and whaterer He wants to He will do."

This hadith has many benefits and I will summarize Shaykh Yasir's points below.

Some commentary from the khutbah:

Strong believer (one who has stronger iman) is better than a weak believer (weaker believer). How do you know if you have strong iman? Look at your commitments to the deen, how often do you pray, how often do you stay away from evil.

People' faith differs, based on their inner and outward deeds. Allah loves the stronger believer. How does one know if ones' iman is strong? All you need to look at inner/outer deeds. Look at your commitment to islam and you will know how strong your iman is? How often do you pray? How often do you think about Allah?

Allah's loves also differs, based on our commitments. if you want Allah loves you, have strong iman.
How do you know if Allah loves us? In the Quran, Allah says he  loves those who have taqwah, ones who have patience. Allah doesn't love who are extravagant, oppressors
.
How do you become  a better mumim? Look at Allah what loves and follow them ,and avoid actions that Allah doesn't love.

Going to the next phrase in the hadith, "and in both is good." Both categories of believers have good in them. This illustrates the mercy of the prophet (S), that even when he is contrast two groups of believers, he points out a positive so that weak believer don't feel negative emotions. Prophet (S) gives us a methodology, that even in criticism, one should highlight the positive.

The next part of the hadith, "Be eager that which benefits you,"  serves as the basis of our actions. You need to have a resolve, determination, drive. Prophet (S) wants us to aim high for all matters of benefit, both in deen and in the dunya.  It could be a successful business, medical school, or other aspirations. Wise person/true believer is always aiming for the best, wants that which is good.

Once you have made up your mind on your goal, "And Seek Allah's help,"

Before undertaking anything, make dua, asking for Allah swt's guidance.  We need the realization that we need Allah's help for everything. We need to have the right frame of mind. Attitude of the believer is that you need Allah's help/decree And, then the hadith says, "don't be lazy", there is no substitute for hard work.

So, three necessary conditions for success
1. Right intention
2. Dua
3. Right action

 And if something happens to you (result was different that your plan/expected), then don't say, "If only I have done this, then such-and-such would have happened, but rather, say, "Whatever Allah has willed has occurred, and whatever He wants to He will do."

Ultimate success is not necessarily guarenteed. You can do everything right, but it might not be decreed. Don't blame yourself, don't be depressed. This hadith contains profound Islamic psychological advise.  Belief in Qadr fundamental part of faith. Accept Allah's decree and trust it.  A believer is always optimistic. True believer can never be depressed over results as long as the three conditions for success are being followed.

Don't dwell on the past. This hadith teaches us to have a positive attitude, rely on Allah, and to be happy with the result.


Tuesday, October 1, 2013

Review of Marketing Myopia (by Theodore Levitt)--> Leveraging these lessons in a job interview


Bismillah

I just read a classic HBR article, Marketing Myopia, written by the Theodore Levitt (HBS professor). Professor Levitt discusses the importance of defining industries broadly and focusing on customers' needs and desires (i.e. defining railroad industry as transportation oriented instead of railroad oriented).

Professor Levitt encourages a focused approach on customer satisfaction and urges businesses to work backwards in terms of developing a product.  The following excerpt from his paper illustrates his point:

"The view that an industry is a customer-satisfying process, not a goods-producing process is vital for all businessmen to understand. An industry begin with the customer and his needs, not with a patent, a raw material, or a selling skill. Given the customer's needs, the industry develops backwards, first concerning itself with the physical delivery of customer satisfactions. Then moves back further to creating the things by which these satisfactions are in part achieved. How these material are created is a matter of indifference to the customer, hence the particular form of manufacturing, processing, or ... cannot be considered as a vital aspect of the industry. Finally, the industry moves back still further to finding the raw materials necessary for making its products."

This mind-set can be applied to other parts of business/professional life. For instance, if you are applying for a job, consider your potential employer as your customer, and try to determine his/his needs and think through how to present your skills to meet the employer's needs. Emphasize how your past skills are translatable and applicable to current job's needs. And, finally, if you need to gain more skills/learn code/go to school, then develop yourself with the appropriate training and then present your product (i.e. yourself) to your potential employer.

You can find the full article via the following link or buy it from HBR:
http://www.commerce.uct.ac.za/managementstudies/Courses/bus2010s/2007/Nicole%20Frey/Readings/Journal%20Articles/Classics/Marketing%20Myopia.pdf

Monday, July 15, 2013

Can Electronic Medical Record Systems Transform Health Care? Potential Health Benefits, Savings, And Costs? Health Affairs Article

Bismillah
I recently read through a study performed by RAND researchers that examined the benefit/cost analysis of EMR adoption/interoperability, "Can Electronic Medical Record Systems Transform Health Care? Potential Health Benefits, Savings, and Costs?"

The study predicts efficiency and safety savings of $142-371 billion dollars (didn't see a time frame) with the adoption of interoperable EMR systems.

The study speaks to efficiency savings, safety and health benefits. I listed some high level detail below. For more details to the headers below and study design, feel free to review the full article:

http://content.healthaffairs.org/content/24/5/1103.full.pdf+html
 
1.      Efficiency savings in outpatient setting included eliminating transcription and chart pull services, easier access to lab/radiology tests, better decision support for drug prescription, etc.

2.      Efficiency savings in the inpatient setting included decreased nursing times/length-of stay, simpler access to medical records, easier access to lab/radiology tests, etc.

3.      Safety benefits from HIT including reducing adverse drug events in inpatient and ambulatory settings

4.      Using HIT for short-term term preventive care

5.      Using HIT for near-term chronic disease management

6.      Using HIT for long-term chronic disease prevention and management








Saturday, July 13, 2013

Reviewing Islamic Finance

Bismillah.

I recently enrolled in Ethica's Certified Islamic Finance Executive course (http://www.ethicainstitute.com) and am learning about basic Islamic Finance principles and products.

For instance, Islamic Finance is built on 4 principles:

  1. interest free
  2. risk sharing, asset and service backing
  3. contractual certainty
  4. ethical

I will share some of the notes from the class through upcoming blogs, iA.

Be safe and I hope you are taking advantage of these blessed days of Ramadan.





Sunday, June 2, 2013

Giving positvity presentation to a youth group

Bismillah.

I spoke to a group of youth ~ 20 boys and girls (8-16 years old) about positivity and how it relates to the deen.
For anyone who is interested in giving a talk to group of youth on importance of positivity in our deen, feel free to use the agenda below, PowerPoint presentation (click link) and listen to the lectures listed on reference page of ppt.  (Many thanks to wife, Tasnim Ahmed for making the presentation) 


 Agenda:
1.     Establish Ground Rules (e.g. raising hand meant everyone should be quiet)
2.     Ask everyone to itroduce themselves (say your name and say anything positive)
3.     Review Positivity PowerPoint presentation and asked for participation after each slide
4.     Begin Group Activity (split into groups of 2-3 and chose one hadith or Quranic ayat from the presentation to discuss and come up with a life scenario where that the Quranic ayat/hadith could be applied (kept the summary page up on the  projector during session as a reference))
5.     Present findings (each group presents their story/scenario to the larger group)
6.     Recap lessons learned 

Lessons learned about content:
1.     Reminders on maintaining a positive outlook on life is beneficial and is part of the Islamic tradition.
2.     Focusing on other's positive traits helps individuals and communities grow
3.     In terms of criticism, focus on ones' own shortcomings, rather than pointing out other's faults

Lessons learned from presentation delivery
1.     Planning agenda is key to keeping event on target in terms of time/message
2.     Thanking all the kids and community members who attended the event is important (I forgot to do this). The kids could have been  somewhere else, but came and spend their Fridays nights in a community setting
3.     Establishing ground rules in the beginning of the event helped maintain order (i.e. raising hand meant everyone should be quiet)
4.     Setting up competitions/prize for case study analysis helped focus the attendees (competition/prize should have been announced in the beg of the event)
5.     Presenter should be prepared to be interrupted and be patient (teenagers and young kids are rowdy)

Monday, May 27, 2013

Interested in taking the PMP exam?


Bismillah.

I recently studied for and passed the Project Management Professional (PMP) exam, alhamdullilah. If you are interested in learning about leading project management practices, working towards the PMP certification maybe for you. 

In my opinion, the PMP gives two main benefits, it gives you an opportunity to review and learn about concepts within project management that you might not have formally encountered through your work experiences and it serves as a signal to employers who are looking for candidates with an understanding of project management methodology. Even if you are an entrepreneur and/or are not working in the project or portfolio management space, studying for the PMP will give you a useful perspective on various issues that should be considered when working in a team or project with varying customers/stakeholders. 

In regards to study tips, I suggest you read through the office PMBOK Guide and work through all the practice problems listed in Rita's guide on the pmp (2) listed below. Working through practice problems will be very important to cement the knowledge and will prepare you for the exam. Please read the benefits of practice problems/tests via the following NY times article:  http://www.nytimes.com/2011/01/21/science/21memory.html?_r=0

I used two main books as a reference for the exam:

1. A Guide to the Project Management Body of Knowledge (PMBOK® Guide)-Fifth Edition

2.
4/11/13 update
Although I used 7th edition when I took the exam, it probably makes most sense to use the 8th Edition in preparing for your exam (8th edition is based on PMBOK 5th edition, which is currently the frame of reference for the PMP exam)

PMP Exam Prep, Eighth Edition: Rita's Course in a Book for Passing the PMP Exam
http://www.amazon.com/gp/product/1932735658/ref=s9_simh_gw_p14_d1_i1?pf_rd_m=ATVPDKIKX0DER&pf_rd_s=center-2&pf_rd_r=1RK86GMZMA91N94GH9VY&pf_rd_t=101&pf_rd_p=1688200382&pf_rd_i=507846


PMP Exam Prep, Seventh Edition: Rita's Course in a Book for Passing the PMP Exam

In addition, I also did practice problems/exams from http://practice.pm-exam-simulator.com/.

Reach out if I can help-

Sunday, March 10, 2013

Review of What the Most Successful People Do on the Weekend

Bismillah.

I recently listened to a quick talk on making better use of weekends, What the Most Successful People Do on the Weekend: A Short Guide to Making the Most of Your Days Off (by Laura Vanderkam)

Mrs. Vanderkam central thesis is to strategically plan weekends for two main reasons: anticipating enjoyable events adds value to overall happiness derived from an activity + there are too many hours in a weekend not to plan, however lightly.

I listed some notes  from the Mrs. Vanderkam's guide. Feel free to check it out.
  1. Make a weekend plan. Weekends is all about things you want to do. You need to hit Mondays refreshed and rejuvenated.
  2. Don't wait till Sat to plan the weekend. Plan 3-5 anchor events (3 hours each). Increase the joy of an activity by planning,optimize your bliss. 
  3. Ask yourself what will you really enjoy doing, and make a plan, and stay committed to it. 
  4. Most of us think of weekends as Sat and Sun. Friday 6pm to Monday morning,  60 hour blocks: 24 hours sleep, there are 36 hours left. Would you take a job,  without knowing what you will do?
  5. Loafing time needs to be consciously chosen.
  6. Choosing labors.of different sorts,  yes, your weekend needs to be different thank work week
  7. Make a List of 100 dreams- anything you want to do. Weekends are precious, they ought be cultivated. .
  8. Simply knowing that you will leave the house will give you more order in your life.
  9. Exercising,  spiritual,  and socializing. Choose from one event from each category will make an optimal portfolio. 

Specific action items for weekends
  • Use your mornings
  • Create traditions : Fulfilling habits lead to happiness
  • Schedule downtime
  • Make time to explore
  • Plan sometime fun on Sunday night

If you want to read it for yourself, check it out on Amazon:
http://www.amazon.com/What-Successful-People-Weekend-ebook/dp/B00AEDDPP0/ref=sr_1_1?ie=UTF8&qid=1362924058&sr=8-1&keywords=Laura+Vanderkam

Wednesday, March 6, 2013

Review of The 4-hour Work Week (by Timothy Ferriss)

Bismillah

I listened to The 4-Hour Workweek by Timothy Ferris and believe that is filled with useful and practical advice on how to be more fulfilled and active in your life. The book is the author's plight of making better use of time and looking at net salary from two dimensions: money + free time.

I believe that central thesis is develop a razor-sharp focus on your goals/objectives and to challenge yourself to question and achieve your aspirations. Mr. Ferris leverages lessons learned from his life's accomplishments to help others realize their dreams and aspirations. He gives tangible action-items through out the book (e.g.  to become an expert in a topic, read three books on the topic, and summarize them in one page, contact schools/local business and start speaking on the topic)

I listened to most of book on the Long Island Railroad and at times took notes on the phone. I will paste some of the notes/lessons learned in a google document for more insight/further reference.

I find that writing out the table of contents helps me  recollect and act upon lessons learned from a books.

Table of Contents

D is for Definition
  1. Cautious and comparisons: how to burn 1000000 a night
  2. Rules that change the rules: everything popular is wrong
  3. Dodging bullets: fear-setting and escaping paralysis
  4. System reset: being unreasonable and unambiguous

E is for Elimination
  1. The end of time management L illusions and Italians
  2. The Low-Information Diet: Cultivating selective ignorance
  3. Interrupting interruption and the Art of Refusal

A is for Automation
  1. Outsourcing life: Off-loading the Rest and a taste of geo-arbitrage
  2. Income Autopilot  1: Finding the Muse
  3. Income Autopilot 2: Testing the Muse
  4. Income Autopilot 3: MBA--> Management by Absence

L is for Liberation
  1. Disappearing Act: How to Escape the Office
  2. Beyond Repair: Killing your job
  3. Mini-Retirements: Embracing the Mobile Lifestyle
  4. Filling the Void: Adding Life After Subtracting Work
  5. The Top 13 New Rich Mistakes

Last but not the Least
  1. The Art of Letting Bad things happen
  2. Things I've loved and learned in 2008
  3. How to travel the world in 10 pounds or Less
  4. The Choice-Minimal Lifestyle: 6 formulas for More Output and Less Overwhelm
  5. The Not-to-do List: 9 Habits to stop now
  6. The Margin Manifesto: 11 Tenets of reaching (or doubting) profitability in 3 months
  7. The Holy Grail: How to Outsource the Inbox and Never check email again
  8. Tim Ferris Processing Rules
https://docs.google.com/document/d/1KzcImGH6ssM5MjTSrr2fb_r9WDiE3jthknrtO2xj8Dc/pub

Tuesday, March 5, 2013

Review of Strategic Project Portfolio Management (written by Simon Moore)

Bismilllah

I recently read Strategic Project Portfolio Management (PPM)- Enabling a productive organization (written by Simon Moore). The book had a excellent review of the application of PPM theory in the workplace. The book is filled with case studies and provides a easy-to-read background on the intersection of PPM and technology.

For those new to PPM theory, Microsoft defines PPM as the following: "Project Portfolio Management (PPM) is the continuous process of  identifying, selecting and managing a portfolio of projects in alignment with key performance metrics and strategic business objectives."

I listed notes that summarize key lessons from the concluding chapter on leading PPM practices:

  1. Set bold goals for the business and therefor the portfolio, and share these goals repeatedly and broadly.
  2. Collect far more project ideas than you can execute on from as broad and diverse group as possible
  3. Manage your portfolio as a whole against your strategic goals for the business.
  4. Estimate key project parameters early and improve on those estimates over time.
  5. Share portfolio information broadly with as many employees as possible
  6. Monitor and report on the portfolio with a view to faster and more effective decision making.
  7. Track everything that is consuming resources go beyond formal projects to anything that is a meaningful piece of work or use of resources.
  8. Drive communication across everyone involved in the portfolio.
  9. Support extensive planning before-hand and postmortem processes afterward.
  10. Recognize the portfolio management skills that your organization already has.
  11. Keep everything as simple as it can be.

How is the book organized?

  • Chapter 1, 2: Focuses primarily on creation of business goals and strategic alignment of projects to them
  • Chapters 3,4: Emphasizes benefits from disciplined planning and cost focus
  • Chapters 5,6,7: Serves as a guide to best practice implementation
  • Chapters 8,9, 10:  Expands on the prior chapter to explore the need for effective communications structures, people-centric processes, together with appropriate use of workflow, and process overall
  • Chapter 11: Takes a more theoretical look at project management, surveying the key perspectives
  • Chapter 12: Looks at future trends across project and portfolio management, combining a business and technology perspective

If you are interested in reading more notes from, feel free to click on the link below:
https://docs.google.com/document/d/1RR14wnn-FNXmpw2oMGZXDqNlndEwyrawXiMfrw1gfM4/pub

If you would like to read a white paper by Microsoft on PPM, click below:
http://download.microsoft.com/download/C/A/B/CABA5F40-FDF5-46D6-9610-A2AF2A2014B5/Project%20Portfolio%20Management%20White_Paper.docx

Wednesday, February 6, 2013

Interested in business school PhD programs?

Bismillah.

Interested in business school PhD programs? I sat with a leading business school prof and asked him for his thoughts (listed some notes from the conversation below).

For some context, this professor finished his PhD about 5 years ago, and is about 3-4 years from reaching tenure in an institution that is research-focused.

Ultimately, he recommends the PhD route if you like long hours of analyzing data, re-writing papers, research, and occasional teaching.

For most professions, staying in industry is probably more lucrative. In terms of specific Business PhD programs, the demand characteristics of accounting PhDs in the job market alone requires exploring the program.

Phd offers a choice to make a difference (e.g. there are opportunities such as starting a business program overseas).
Teaching is mostly good.

You need to think about the PhD in terms of a 15 year investment, 6 years getting a PhD, 9 years getting tenure.

Professor is working 6 days a week.  Lifestyle is tough, you are spending a majority of the time performing analysis, rewriting papers. Typically, business school professors don't have to worry about raising money/funding.

A professor's life is a bit entrepreneurial, you have a lot of independence, and you are responsible for your success. Top 5 business prof salary is about 160k, accounting is about 200k. In academics,  you are making 60% of what you will make in industry, these industries (business, computer science, medicine) income is mark to market.

If you don't have accounting or finance work experience, think about starting some research or accounting work. As an alternative to business PhD programs, consider data science jobs at LinkedIn, Facebook, Google.

One cautionary thought:
What will be the state of business school in 20 years? What will happen to mid-tier universities with the advent of virtual academic institutions such as Khan Academy or Coursea?

Tuesday, February 5, 2013

Questions to ask when drafting a project (using Mircrosoft Project as your project management tool)

Bismillah.

Are you thinking about planning a project using Microsoft Project? I listed some notes on what information to gather in preparation to developing your Project Plan.

Determine your final deliverable and/or list of deliverables
. The gathering requirements phase will be very important to planning and ultimately executing your project/goal.


  1. What are your project’s work breakdown structures (i.e. tasks/work that need to be completed)?
  2. Have you determined summary headers (group headers of logically related tasks (WBS))
  3. What are the milestones (key events of a project such as a beginning or completion of a deliverable)
  4. Who or what will be working or are needed to complete the project (Resources)?
  5. What is our project’s availability (Calendars for the project/resource or task; need to know when the tasks, resources, projects are available)
  6. Are there any deadlines?
  7. How much time will each task take?
  8. How are tasks dependent on each other (finish to start, start to start, start to finish); Per UMT workbook, generally, all tasks and milestones must have at least one predecessor and one successor
  9. What are the fixed and variable costs of your resources? What is your project's budget?
  10. How will you categorize your task types (fixed duration, fixed units, fixed work)?
  11. Should you add contingency tasks to the plan?