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Improve Your Strategic Decision-Making Skills with this Simple Game

which_wayAnita Bruzzese is the author of 45 Things You Do That Drive Your Boss Crazy. We were fortunate to meet her at a conference we attended a few months back. She had a great post recently, where she discussed a game she played with her kids called, “Which would you rather?”

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georgeWith this game, you present your fellow players with a choice. For instance, I asked Mary-Lynn which she would rather give up for a month – chocolate or her cell phone.

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marylynn That was a tough question, but I would give up chocolate. My phone is my mobile device; there’s no way I could live without it for a month!

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georgeHmmm … Mary-Lynn with no chocolate. I’d plan to be away that month!

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A fun way to keep a conversation going

When we discussed conversation continuers recently, we said that games are one way to keep a conversation going. This is a great example of a game you could play to do that. For example, you could ask … 

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marylynn Who would you rather work for – a boss who’s super-demanding or a boss who’s never around? Anita posed more great questions in her post.

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georgeIf you check out her post, you can see how I answered the questions she asked.

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A fun way to improve strategic decision-making

Decision trees are a great way to visualize possible business strategies, since a business can be thought of as a series of either / or options. Sounds like a ramped-up version of “Which would you rather”, doesn’t it? Question 1 leads to Question 2 and so on.

For example, let’s say you plan to start a restaurant. Play “Which would you rather?”

  • Which would you rather open – a big restaurant or a small restaurant? Let’s say you choose bigg … with two g’s of course!
  • Which would you rather be – part of a franchise system or an independent? You really want to create your own brand, so you want to be independent.
  • Where would you locate – in a strip center or a free-standing building? You could do some research to determine which one seems to work better for restaurants like the one you plan to start.

We could keep going, but you get the idea. The reason you create the decision tree is to see the impact of your choices. For instance, if you chose “franchise” for the second question, they may specify whether you’re inline or free-standing.

A fun way to teach your kids critical entrepreneurial skills

Play this game with your kids and help them develop critical entrepreneurial skills! Just add the “decision tree” dimension one question at a time. So instead of asking your kids to think of one question, ask them to think of three – the initial question and a follow-up question for each of the possible answers. They’ll be thinking like an entrepreneur in no time!

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Next time, we’ll examine a highly-touted way to pay off your mortgage early. Until then, here’s to your bigg success!

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You've Heard of the Purple Cow, but Have You Seen The Purple Tree?

One of the most frequent questions we get is how we come up with show topics. So we thought we’d give you a peak behind the curtain and show you how we arrived at today’s show idea.

We were eating!

That’s why today’s show topic is really … I can’t believe I ate that whole thing! Plop … plop … fizz … fizz!

Mary-Lynn recalled …
We were at a family diner. I started reminiscing about when I was a kid. There was this restaurant that we would go to when we went to visit my grandma. It was called the Hen House. The outside looked like a big red barn. The inside had a country décor and a fun little gift shop that my sister and I would always visit after eating. They had games and books and candy …

George added …
We’re showing our roots here. For those of you who aren’t familiar with it (which is likely most of you), the Hen House was a Midwestern chain. Sort of a smaller version of Cracker Barrel.

I have a book by William Dooner, the guy who started the Hen House chain. And to me, the most memorable thing from his book is when he talks about the purple tree in the forest.

Hence the subject of today’s show!

The Purple Tree

Dooner says to picture yourself walking through a lush green forest. In the middle of it, you come upon a tree that is painted purple. You keep walking, but you can’t get that purple tree out of your mind. Most likely, your impression is negative … because it doesn’t fit. Why someone would paint that tree that color?

Mary-Lynn …
When I heard this story, I wondered if this is where Seth Godin got his idea for The Purple Cow. Because I’d never heard this purple tree story before, but I’d definitely heard of the purple cow.

We can’t speak to Seth Godin’s inspiration, but they are different concepts. William Dooner said to look for something that stands out because it doesn’t fit. It probably leaves a negative impression. Seth Godin encouraged us to purposefully not fit in so that we stand out. By doing that, we make a positive impression.  

In either case, purple tree or purple cow, you remember it.

So, as it applies to real estate, the purple tree in the forest means properties that may be run-down, out-of-the-way, unused, underused … that sort of thing. What Dooner did with the Hen House chain is a perfect example (see, we’re about to make it all fit … you were starting to doubt us, weren’t you?).

The $10 million purple tree

He saw this vacant land next to gas stations along the interstate. It was ugly, smelly, littered with junk, no landscaping. A purple tree. 

This land had never been used commercially. At that point in time, there often wasn’t any place to eat when you stopped to fill up with gas. So Dooner had a bigg idea – he invested $15 thousand to start a restaurant chain on that unwanted and unused land. He later sold that chain for $10 million!

Beyond real estate

We highly recommend Dooner’s book. It’s called How to Go from Rags to Riches in Real Estate. It’s a must read if you’re interested in real estate investing, but this purple tree concept goes beyond that.

Think about customers nobody wants to serve, employees nobody wants to hire, jobs nobody wants to do. Maybe one of those is your purple tree! So look around today … where do you see purple trees?

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Related posts

How Opportunity Often Presents Itself

6 Factors to Help You Succeed When Opportunity Knocks 

(Image by Mailjozo)

You’ve Heard of the Purple Cow, but Have You Seen The Purple Tree?

One of the most frequent questions we get is how we come up with show topics. So we thought we’d give you a peak behind the curtain and show you how we arrived at today’s show idea.

We were eating!

That’s why today’s show topic is really … I can’t believe I ate that whole thing! Plop … plop … fizz … fizz!

Mary-Lynn recalled …
We were at a family diner. I started reminiscing about when I was a kid. There was this restaurant that we would go to when we went to visit my grandma. It was called the Hen House. The outside looked like a big red barn. The inside had a country décor and a fun little gift shop that my sister and I would always visit after eating. They had games and books and candy …

George added …
We’re showing our roots here. For those of you who aren’t familiar with it (which is likely most of you), the Hen House was a Midwestern chain. Sort of a smaller version of Cracker Barrel.

I have a book by William Dooner, the guy who started the Hen House chain. And to me, the most memorable thing from his book is when he talks about the purple tree in the forest.

Hence the subject of today’s show!

The Purple Tree

Dooner says to picture yourself walking through a lush green forest. In the middle of it, you come upon a tree that is painted purple. You keep walking, but you can’t get that purple tree out of your mind. Most likely, your impression is negative … because it doesn’t fit. Why someone would paint that tree that color?

Mary-Lynn …
When I heard this story, I wondered if this is where Seth Godin got his idea for The Purple Cow. Because I’d never heard this purple tree story before, but I’d definitely heard of the purple cow.

We can’t speak to Seth Godin’s inspiration, but they are different concepts. William Dooner said to look for something that stands out because it doesn’t fit. It probably leaves a negative impression. Seth Godin encouraged us to purposefully not fit in so that we stand out. By doing that, we make a positive impression.  

In either case, purple tree or purple cow, you remember it.

So, as it applies to real estate, the purple tree in the forest means properties that may be run-down, out-of-the-way, unused, underused … that sort of thing. What Dooner did with the Hen House chain is a perfect example (see, we’re about to make it all fit … you were starting to doubt us, weren’t you?).

The $10 million purple tree

He saw this vacant land next to gas stations along the interstate. It was ugly, smelly, littered with junk, no landscaping. A purple tree. 

This land had never been used commercially. At that point in time, there often wasn’t any place to eat when you stopped to fill up with gas. So Dooner had a bigg idea – he invested $15 thousand to start a restaurant chain on that unwanted and unused land. He later sold that chain for $10 million!

Beyond real estate

We highly recommend Dooner’s book. It’s called How to Go from Rags to Riches in Real Estate. It’s a must read if you’re interested in real estate investing, but this purple tree concept goes beyond that.

Think about customers nobody wants to serve, employees nobody wants to hire, jobs nobody wants to do. Maybe one of those is your purple tree! So look around today … where do you see purple trees?

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Related posts

How Opportunity Often Presents Itself

6 Factors to Help You Succeed When Opportunity Knocks 

(Image by Mailjozo)

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