This is Scott Becker with the Becker Private Equity Podcast. These are five concepts that we're working on this morning and thinking about this morning. We hope you find some of these helpful. These were inspired by a couple of close colleagues, two of my best. Thank you. The first concept is that your first job won't be your last job, that there's going to take some trial and error in figuring out the right job for you. Then the other thing that we end out of this concept of trial and error on to this concept of trial and error, and your first job won't be your last job. Part of this is not to be so paralyzed at choosing that first job, because you have to have a first job, and it won't be forever, is that it's often more important the team and people that you work with and how much your boss or seniors care about you holistically and not just you being a robotic part of the job in terms of long term success and long term enjoyment of the job. The concept is your first job won't be your last job, so don't stress about it too much.

Second is there's this concept of business that we see of people that manage up versus managed down. Those are the people that treat bosses well and people beneath them in the org chart poorly. We think this is despicable behavior for a billion different reasons. There are selfish reasons why it's a despicable behavior. The selfish reasons are if you see people coming up, you're going to see other people coming down, so you better treat them well. That's selfish. The more important reason is it's just the right thing to do to treat people with courtesy and respect at every level, on the org chart and whoever you deal with in life. That's that concept. The third concept is life is short, and in life, there's a ratio of things you have to do, things you want to do. This ties into another concept of rules-based cultures at work. The first thing is to think that right balance, to really understand, There's things I have to do, so I better do them. I better earn a living so I could support my family or support myself. Hopefully, I enjoyed as well. There's things I get to do, and I better enjoy and thrive on those too, and constantly make those choices of things I want to do versus things I have to do versus things I should do and shouldn't do and so forth.

I think it's a critical concept just to be constantly aware of, What am I doing that I have to do versus what I want to do and hitting the right balance to make life work for all of us is an add-on to this thought. When we think about this concept of workplaces that are these rules-based cultures. Now, there is an old phrase that rules are meant to be broken, and that's not here nor there, but the concept is if a place has rules-based cultures, everybody knows it sustains themselves in an organization over a very long period of time that there are always balances to those rules. If you follow the rules religiously, perfectly all the way through, it's almost impossible to live. The concept is you have to give yourself space and grace. If you have to go to the doctor's appointment, you go to the doctor's appointment. If you have to take time out some days and it's not the most important client meeting to go get your exercise, you go do it. The great secret, the great trick of all this is anybody who is successful at work is doing that as well.

Any boss who doesn't allow some of that is a complete moron and won't have a great team for the long run. That's this concept of rules-based cultures and finding the grayness in those and the room in those to live life as you need to live it to actually make it sustainable. The fourth concept that we talked about is there are things again, and this comes back to life is short, this obligation of things you have to do, the things you want to do. This is the concept of can you train your mind to embrace those things that you have to do, that you actually enjoy those things and turn that mindset from I have to do it to I want to do it, which makes everything so much better. I have the right, the opportunity to do this, and it's great that I do and trying to see it that way versus the alternative, which I have to do everything. There are certain things in life we just have to do. They're obligatory. They're part of everything. They're part of what we have to do. But the more you could turn them to, I get to do this, and I'm thrilled to do this, the better off we are.

The last thing, and again, it comes to this toleration issue. There are so many things we have to tolerate that we can make a choice to tolerate them with a smile versus being negative about them to being positive of the fact that I have to do this, that this person wants to do this, or he has to do this, and rather than taking it as a negative, when that person takes me all over the place, from place to place to place, from the northwest to the east, wherever it might be, is to view this positively and to be receptive to it versus necessarily negative to it, and just to understand this is how those people are. Some people are like that and embrace it and love it versus view it as a negative. But this concept of being receptive versus passive-aggressive or negative towards it, just embrace that's how the person is, and it is what it is. In any event, those are five concepts that we're thinking about. The same is true of boss. The system boss is act a certain way. Rather than immediately resenting it, just embrace it and live with it as long as it's truth and reason.

Thank you for listening to the Becker Private Equity Business Podcast. Five concepts we're thinking about today. Thank you.