Your circumstances are different than most everyone else’s.
However, we can learn from other professionals’ approaches
if we have a mind to it– that is remain curious, or make up
our minds to be curious.
I can not tell you how beneficial it is to be generous and
thoughtful to people who serve you. They may work for you
individually or be part of an organization. Took time to drive
with our daughter to do some quick shopping where each of
us had our own shopping lists. I watched as she hustled to
put items in our basket, but could not find “just” what I wanted.
Thought to myself, we could find a premium item as a takeout
from a suitable restaurant. So we stopped and purchased the
delectable salad for 2. While waiting we got into a idle time
conversation with the server. We asked if we might get a “short”
cup of coffee while waiting and she cooperatively brought it out
as we continued our conversation. So, as we paid our bill we
asked if we could write a thank you note to management for her
kind and thoughtful service. She did not exactly know, as she
was a summer hire…. She brought out her manager who informed
us how to perform the act online with detailed instructions. Then,
went on to say by doing this in a specific order, she would be
rewarded, he would be rewarded and we would receive a modest
gift certificate online.
Back in our ride home, we chatted about learning from others’
behaviors is such an adult way of developing and improving skills…
especially in an entrepreneurial world.
We used three of Travis Bradberry’s
9 Skills that pay dividends:
asking for help, staying positive and taking initiative. Six other items
knowing yourself (personal self assessment),
know how to say “no”,
knowing to pause and remain quiet, and
determining priorities to do the most important things.
These apply critically to entrepreneurs who either have too much time
on their hands or too little time.
an episodic income stream need to be mindful of:
a. formulate an exit strategy that propels your next direction– musts
and wants for yourself and your current employer as a win-win outcome
b. accumulate reserves and strategize how you can live lean should
events require ‘belt tightening’
c. Set up long term retirement, big purchase, and emergency insurance
accounts and make the necessary contributions (insure matching
contributions can happen and are accessible)
d. Know the rules and double check on the amounts about estimated
taxes. Use an accountant if you are new. Perhaps fall back on
Turbotax, if you have some experience.
e. Read the fine print, consult legal input on the fine print of signed
agreements and understand their implications and recourses.
One of the subtopics we cover in our Professional
Development course is LCA or Life Cycle Assessment
in our class on ethics.
This is a broad impact area that leading organizations have
adopted for processes, final products, side reactions and
Recently, a committed network
colleague, John Warner,
shared a pertinent article in Chemistry World
“better design of pharmaceuticals” that do no harm to the
environment when disposed. The article cites:
- birth control and antidepressant drugs persisting in our clean
water supply impact dependent animal life
- certain drugs remain present and active in vegetable irrigation
supplies and are found in consumable purchases (wash all food
As a result, certain first world countries have implemented extra
cleaning steps to scrub water before it enters water supplies.
The article, however addresses an alternate approach I know
John has been pursuing for over 30 years and is gaining more
supporters… designing active molecules to decompose when
Yesterday’s first year graduate student seminar involved
a pre-class homework assignment.
Since the group was large, eleven of the 16 preference
types were represented. That meant that there were a
variety of learning styles in the seminar.
The larger group size meant that we could not go into
detail into each individual preference class.
We did reveal how preferences can influence us in both
subtle and explicit ways by asking each individual their
name and whether they were left or right handed and
whether they liked cats or dogs. These are preferences
that are genetic and influenced by our early life
experiences… much the same as MBTI.
To maximize the experience we had each person
sit with their own similar preference groups and
complete and compare a Values
and a Behaviors
They learned that despite similar MBTI profiles their
values and behaviors revealed different trends and
these are also important to learn in working in teams.
The second half of the seminar involved two
exercises– one involved discussing projects which
troubled several since they had to come up with their
own project and a physical constructing project where
they had to describe their result.
-In the first, one outstanding group had an individual
take leadership and point out how each person, by
name, would contribute to the expected outcome.
-In the second we had a group presenter relate a
story to describe their constructed model she asked
for a volunteer to participate in a short role play and
provided a reward for the participant.
In short, they learned about themselves, about
working together in teams and how to interact
with others and develop a baseline for continuing
learning about themselves– this session was not
over at the end, but a beginning.
Jennings Taylor and Maria Inman apply a ‘technologist
lens’ to patent law that is useful for learning about
Two articles offer
1- What intellectual property entails and the concepts
involved in patent examination
They frame what intellectual property is by a clearly
logical figure comparing physical property ownership
Owner <—————-> Inventor/Assignee
Sell/Purchase <——–> Sell/Acquire
Charge/Rent<———-> Charge License Fee
Pay Taxes <————> Pay Maintenance Fees
Repossessed <——–> Abandoned
Trespass <————-> Infringe
Mortgage <————> Loan/ Financing
Deed <——-> Claims descriptions and specifications
Survey/ title search <-> Examination/ prior art search
The article describes a patent application examination that
involves a prior art search of knowledge and expertise in
the public domain and compares the claims of the
application to determine if there is overlap.
offers the right of a patent (and property owner) and
motivation of the patenting process, which is to promote
progress. [p. 45-46 in hard copy journal]
The third article coming out in the fall addresses how to
overcome legal aspects of rejection. [A comment will
be inserted when it comes out in press.]
These article will be included in future course sections
on Patents and should be included in ACS Pflags
You should start early in paying attention to legal issues.
Online resources can provide some questions for you to ask.
They can also alert you to steps that you should take at
various points in your life span.
PENALTIES RESULTING FROM RETIREE ACTION
Social Security benefits reduction and earnings test
RMD Required minimum distribution from IRAs after 70 1/2
Medicare sign-up regulations and penalties
Estate taxes (consider forming a revocable trust document)
A no cost estate planning step you should regularly update
is your savings, investment accounts and property ownership
beneficiaries. It is too easy to make assumptions and assume
your wishes will be followed. Specific forms should be
regularly updated while you are in good health and mental
If this reminder gets you to look at your beneficiaries, it
is worth posting.
POWERS OF ATTORNEY
and interpretations of wording can be specific and different.
I have spoken with each of our adult children about this
step that almost no one wants to think about until it is too
Another amazingly important entry talks about unsavory
things that can happen when documents are not properly
formulated. This means page numbering, dating, headings
and information ‘to be filled in later.’
This topic of reading contracts is not a common topic, as
we often do not bother reading the details of formalities.
It is very important in employment, loan, severance,
noncompete and many other documents. So, it is worth
each of you to have a knowledgeable and interested third
party look at your documents with your interests in mind.
(Remember, they are constructed to serve the interest of
the other party.)