Robert PožarickijTech & SoftwareSome time ago
A nugget of motivational material. Today while driving I was listening to an audiobook version of The Snowball by Alice Schroeder (a biography of Warren Buffett). One of its sections stuck with me and it hasn't faded away yet. Sharing a text version of it below. “When I was sixteen, I had just two things on my mind - girls and cars. I wasn't very good with girls. So I thought about cars. I thought about girls, too, but I had more luck with cars. Let's say that when I turned sixteen, a genie had appeared to me. And that genie said, 'Warren, I'm going to give you the car of your choice. It'll be here tomorrow morning with a big bow tied on it. Brand-new. And it's all yours.' Having heard all the genie stories, I would say, 'What's the catch?' And the genie would answer, 'There's only one catch. This is the last car you're ever going to get in your life. So it's got to last a lifetime.' If that had happened, I would have picked out that car. But, can you imagine, knowing it had to last a lifetime, what I would do with it? I would read the manual about five times. I would always keep it garaged. If there was the least little dent or scratch, I'd have it fixed right away because I wouldn't want it rusting. I would baby that car, because it would have to last a lifetime. That's exactly the position you are in concerning your mind and body. You only get one mind and one body. And it's got to last a lifetime. Now, it's very easy to let them ride for many years. But if you don't take care of that mind and that body, they'll be a wreck forty years later, just like the car would be. It's what you do right now, today, that determines how your mind and body will operate ten, twenty, and thirty years from now.” Listening to this while operating a car made me appreciate the gravity of the above point on a weirdly visceral level. Has anything struck you (in a good way) recently when you wasn't expecting it?
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Nerija Skvernelytė on What it takes to manage a team?Head Of Marketing @QoorioSome time ago
Have a lot of thoughts buzzing in the head, but feel crap at articulating them to your team or others? I feel you. It happens to me. ALL.THE.TIME! 🙄 You feel like you have a lot of ideas and have the reasoning why they are great and that you can take over the world with them. But when they come out of your mouth, what you say doesn’t have the same power when you vocalize them. And unfortunately what sounds great in your head just doesn’t translate to anything valuable, impressive or inspiring to your team. Not all of us are born great orators, but when we have a passion, we can talk hours about it. Meaning, we have a bunch of words and sentences around the topic, but the key is to concentrate the most valuable part of the whole idea into a short pitch. So…what to do? Basically you have to practice explaining things to people. Here’s a few tips I from my experience, that I feel helped me a lot: 1️⃣ TREAT IT LIKE A STORY “It all started, when…” Not everyone operates on the same level of information as you do, so even if it feels stupid and common sense most of the time when working in a team, start with giving a back story to why your topic/suggestion/idea is important. This introduction is a great way for you to keep the flow of your talk, have everyone onboard and not jump into the middle of the story where context might get lost for people that have less information about what you are telling. 2️⃣ HAVE A PLAN Have the end goal in your head, where you want the listeners to be taken to by your story. Even if what you will be telling or discussing goes all different directions, you will have this powerful lighthouse - the main point that you want to conclude to. 3️⃣ BE PREPARED if you have time, let’s say - have a meeting about something - do some research and challenge your idea asking WHY it is important to discuss and HOW it could be perceived different than you think. In that case - you will feel solid if you get these questions, will express your opinion more firmly, taking possible doubts into consideration, and increase the chance that conclusions will be made as you expected. 4️⃣ MAKE IT FLOW Thoughts usually are very chaotic. In our heads, they are random keywords which you roughly know how to combine into this huge concept. Try putting your thoughts into text. When you do this exercise, you will be faced with a challenge of construction - have to write it down so that it has structure, flows nicely and makes sense in general. After doing so, you will have the structure in your head: what is starts from, why it matters, how you propose to approach it and what value will this idea bring to listeners. 🙃 P.S. See what I did here? I think Qoorio insights are a great way to start practising structuring your talks and inspiring your team 😉
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I have been in programming since 1990. There was a period when I didn’t program anything for a few years, but I still kept a “hand on pulse” and observe what was going on in the world. At that time, the inscription "4th Industrial Revolution" came to my attention, which intrigued me and became an object of observation. I have been following the events of the 4th Industrial Revolution for many years and the further I go, the more fascinated I am by what awaits us in the near future, and a lot of things are happening right now. I wrote a little bit about it in my previous post. Today, I want to share my vision of what corporate accounting might look like in the near future. The three areas of the 4th Industrial Revolution will, in my view, completely change accounting as we see it today: 1. Blockchain 2. Artificial Intelligence (AI) and Machine Learning (ML) 3. Internet of Things (IoT) In today’s post, I’ll touch on Blockchain’s influence, and next week I’ll talk about AI, ML and IoT. Many people, and maybe even the vast majority, think of Blockchain, it’s Bitcoin, or some sort of crypto currency. No. Blockchain is a technology, and crypto currency is a product created with the help of that technology. This technology is revolutionizing data storage by eliminating third parties such as notaries, brokers and so on. Certain countries use it to sign cadastral contracts (avoiding notaries). Many companies use this technology to transfer batch data for products such as coffee (eliminating brokers), and so on. There are many areas of application. But when this technology comes into use at the state level, I mean State Tax Inspectorate (STI), Social Insurance Inspectorate, Registry center and so on, then the management of business processes will change, one of which is accounting. Example scenario: You come to the store and buy stationery supplies for your company. The cash register of the store is connected to the STI blockchain system, which records the transaction, it is the purchase of your goods and the sale of the seller’s goods. An accounting company (like Virtualus buhalteris), which provides you accounting services is connected to the STI blockchain network. After the transaction, the data is received by STI, accounting services company and your company’s ERP system as it is also connected to this STI blockchain network. You will not need to print a cashier's check, invoice and hand them over to an accountant. The accountant will not need to enter them into his accounting system, as the data will be available from the STI blockchain, where the transaction is recorded. This saves time, eliminates the possibility of errors and, most importantly, reduces the cost of accounting services for you. Blockchain is like a huge, highly secure, database that stores all transactions. All tax reports and other documents will be submitted at the click of a button, as all data will already exist in the blockchain. Many of you will say that the state will see everything and that way it will collect more taxes. Yes, I agree with that, but the talk is not about that. Whether we like it or not, progress will not stop. We can only adapt by adapting to it and use it to achieve our goals. In the next post, I will share my thoughts on how artificial intelligence affects accounting. In the meantime, what do you think about how block chains can affect your business?
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In today’s post, I want to share how artificial intelligence and machine learning (AI & Machine Learning) and the Internet of Things (IoT) can affect accounting. Artificial intelligence (AI) covers a wide area of usage. It is currently very widely used in search engines (Google, Yahoo, Bing, Yandex). It is also used in the analysis of consumer behavior (Facebook, Amazon, AliExpress). Wall Street investment companies and banks use AI to set indexes for securities, currencies, etc. The pioneer in using AI in Wall Street is Ray Dalio's investment company Bridgewater Associates, which started using AI in the last century (sounds good :)). So, AI has already come a very long way. And it’s time for AI to penetrate simple businesses and their processes. One such process is accounting. In my opinion, this is one of the easiest processes that AI can handle because the accounting (bookkeeping) process is strictly described. Accounting programs already do this, but only at the logical level. They only lack a larger amount of data from different business areas and a description of the learning algorithm. Once that is done, there will be no accounting as we now know it. There will also be no more modern accounting systems that keep primary documents, payments, various records related to employee accounting, as all data will be available from the blockchain and artificial intelligence will do all the work currently done by the accountant. For example: Blockchain technology will be used to collect the primary documents (records), as example STI (State Tax Inspectorate) blockchain (I wrote about it in my previous post). The Internet of Things (IoT), like smart watches, phones, clothes that have an internet connection and so on, will be used for employee accounting. When an employee comes to the office in a blockchain (this may be some kind of business blockchain) it is recorded that he has come to work. If he got sick, thanks to the IoT, the doctor already has primary data on his body. The doctor then determines the process of his treatment and records his illness in the health care blockchain (the most amazing thing about this is that the patient does not even need to visit the doctor). AI collects, “ponder” on all data, and prepares reports for STI, Social Security, Statistics and other state institutions, and of course for company managers. To sum up both my posts, I want to say that we have a wonderful time of transformation in all areas of business. I took accounting as an example because one of my companies, Virtualus Buhalteris, specializes in this area. This transformation opens up new opportunities for businesses. However, those opportunities will only be open to ambitious people who look out of the box and don’t try to deceive themselves that change will happen later and that they won’t be affected. It will affect. The question is just how strong. How can this transformation of the 4th Industrial Revolution affect your life?
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