Sign up to save your podcasts
Or
Share Business Is All About Math
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Business Is All About Math
Thoughts on Math and Business success.
https://www.youtube.com/watch?v=m8-2sCl2wy4
Transcription
Business is all about math.
Hi I'm Brian Pombo, welcome back to Brian J. Pombo Live.
There was a story I'm reminded of, there was a supervisor that needed to hire someone real quick. And so he had a whole bunch of resumes, he had like 300 resumes. And he, he went to his assistant and said, here's what we're going to do, I need you to take the top 50 out of this pile, just the top ones sitting on the top of the pile, just count out the top 50 take the rest, throw them away, we're just gonna call these people and go off that.
And the assistant said, Well, what do you mean, we're not throwing away 250 resumes, I mean, what if the best candidates are in there, you haven't even looked at him yet?
He said, Well, you got a good point. But I don't need a buddy with bad luck.
That idea brings out well, we go a whole lot of directions. But the thing that spoke to me about that is math.
Whether you're talking about hiring somebody, whether you're talking about bringing on new clients, or customers, whether you're talking about vendors or partners, or anything having to do business is all about people.
And to find the best people for the best spots in your business, regardless of what that is, whether it's someone you're working with directly, or whether it's somebody that you're hiring as a customer.
No matter what, there's going to be better and worse and everybody in between in terms of quality in terms of what you're looking for, from that person. And you know, a high-quality customer is going to be less of a headache, they're going to be willing to spend more they're going to behave more interest in whatever the product or services that you provide.
They're going to be happier, they're going to be less likely to complain, you know, they are going to be a good fit for what you've got.
Okay, that's just an example.
And there's a spectrum, no matter what, no matter what you're talking about, any human being that you want to work with there's going to be a spectrum in terms of being really high end in terms of how you, you were considered these are relative terms, right?
There are no high-end people, there are people that there are certain qualities you're looking for, and there are certain qualities you're not looking for. And there's going to be a spectrum of everybody in between, from one extreme to the next.
How do you get to your best-case scenario, when you're dealing with people?
Whether you're looking to hire somebody or what have you?
How do you do that?
Simple, it's math, it's pure math, pure statistics, you need to go through more people. And there's a whole lot of math to business a whole lot.
I mean, you go on and on about the types of situations you get into where you have to know at least some real basic math, you got to know how to multiply, divide, add, subtract, I mean if you've got those down, you're, you're well on your way.
And this is a simple concept is if you're looking for the best-case scenario, you have to test a whole lot of people.
Now sometimes that test is nothing more than an app going through applications. Sometimes that test is taking your customer through an application process to sometimes that test is doing interviews it depending on which point the more people you can have to go through.
View all episodes
By Brian J. Pombo
5
11 ratings
Thoughts on Math and Business success.
https://www.youtube.com/watch?v=m8-2sCl2wy4
Transcription
Business is all about math.
Hi I'm Brian Pombo, welcome back to Brian J. Pombo Live.
There was a story I'm reminded of, there was a supervisor that needed to hire someone real quick. And so he had a whole bunch of resumes, he had like 300 resumes. And he, he went to his assistant and said, here's what we're going to do, I need you to take the top 50 out of this pile, just the top ones sitting on the top of the pile, just count out the top 50 take the rest, throw them away, we're just gonna call these people and go off that.
And the assistant said, Well, what do you mean, we're not throwing away 250 resumes, I mean, what if the best candidates are in there, you haven't even looked at him yet?
He said, Well, you got a good point. But I don't need a buddy with bad luck.
That idea brings out well, we go a whole lot of directions. But the thing that spoke to me about that is math.
Whether you're talking about hiring somebody, whether you're talking about bringing on new clients, or customers, whether you're talking about vendors or partners, or anything having to do business is all about people.
And to find the best people for the best spots in your business, regardless of what that is, whether it's someone you're working with directly, or whether it's somebody that you're hiring as a customer.
No matter what, there's going to be better and worse and everybody in between in terms of quality in terms of what you're looking for, from that person. And you know, a high-quality customer is going to be less of a headache, they're going to be willing to spend more they're going to behave more interest in whatever the product or services that you provide.
They're going to be happier, they're going to be less likely to complain, you know, they are going to be a good fit for what you've got.
Okay, that's just an example.
And there's a spectrum, no matter what, no matter what you're talking about, any human being that you want to work with there's going to be a spectrum in terms of being really high end in terms of how you, you were considered these are relative terms, right?
There are no high-end people, there are people that there are certain qualities you're looking for, and there are certain qualities you're not looking for. And there's going to be a spectrum of everybody in between, from one extreme to the next.
How do you get to your best-case scenario, when you're dealing with people?
Whether you're looking to hire somebody or what have you?
How do you do that?
Simple, it's math, it's pure math, pure statistics, you need to go through more people. And there's a whole lot of math to business a whole lot.
I mean, you go on and on about the types of situations you get into where you have to know at least some real basic math, you got to know how to multiply, divide, add, subtract, I mean if you've got those down, you're, you're well on your way.
And this is a simple concept is if you're looking for the best-case scenario, you have to test a whole lot of people.
Now sometimes that test is nothing more than an app going through applications. Sometimes that test is taking your customer through an application process to sometimes that test is doing interviews it depending on which point the more people you can have to go through.