The Millstone Times January 2022

Five Secrets for Success in Business By Pam Teel 1. Murphy’s Law. Welcome to the world of Murphy’s Law. It is a law, stating if anything can go wrong, it will. If it can’t go wrong, it will go wrong anyway. This is the basic premise of Murphy’s Law. Murphy’s law states that “Anything that can go wrong, will go wrong,” “The more you fear something, the more it will happen.” However, as with many suc- cessful business theories, the original law has been extended over time to cover specialist areas, several of which are given here: Project Planning -If anything can go wrong, it will. Usually at the most inopportune time. Performance Management- If someone can get it wrong, they will. Risk Assessment- If several things can go wrong, the one you would LEAST like to happen will occur. Practical creativity- If you can think of four ways that something can go wrong, it will go wrong in a fifth way. Another allegedly correct and original reading of Murphy’s Law is that if there are two or more ways to do something, and one of those ways can result in a catastrophe, then someone will do it. But the statement that best expresses the explosive nature of Murphy’s Law is undoubtedly the idea that you will inevitably make the wrong choice whatever you decide, and it may just be right. This isn’t because of some mysterious power the law possesses. In reality, we can give relevance to Murphy’s Law in our day-to-day life. When things go well, little is made of it. After all, we ex- pect that things should work out in our favor. But when life goes badly, we look for reasons. It’s food for thought, but there is no evidence to sup- port Murphy’s Law itself – it’s all down to perception. The law captures our imagination. There are countless examples in today’s culture which has been accept- ed throughout the world, for example, that bread will always land but- ter-side down when dropped, that there will be rain as soon as you wash your car, and that when queuing, the other line will always move faster. Many people will naturally interpret this law as a pessimistic view of life. In fact, they couldn’t be further from the truth. Losers can take advantage of a good knowledge of Murphy’s Law to help better prepare for the un- expected problems and challenges that life throws our way. Murphy’s law helps us to analyze and prepare for the future. It assists in project planning by analyzing the risk. It incorporates practical creativity by discovering the other way of thinking, predicting something will go wrong. Practically makes us ready with plan B. 2. Kidlin's Law. “If you can write the problem down clearly, then the matter is half solved.” Kidlin's Law is a program created to solve prob- lems. Often times, the problems experienced seem like a mess. Therefore, this law arises, considering that the beginning of solving a problem is the formation of rationality. 3. Gilbert's Law. “The biggest problem at work is that no one tells you what to do.” The rule discovered in 1931 is also called the proportional growth rule or law of proportional effects. Gilbert's Law is a rule that states that the proportional growth rate of a company does not depend on its absolute size. 4. Walson’s Law. "If you put information and intelligence first at all times, then the money keeps coming in.” The law of success in business is the forerunner of "financial freedom". To get an unlimited source of money, solve a problem that many people have so they will continue to use your product. 5. Falkland’s Law. “When you don’t have to make a decision, then don’t make a decision.” This is an idea to be safe. Since many sudden de- cisions have brought disaster, Falkland's Law was created so that humans do not take wrong steps.

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