There are phases in life when you feel absolutely stuck in the middle of the road. It seems like your feet are stuck in the mud, and you cannot take another step forward. The times when you are not seeing the face of success or everything seems like a standstill can make you feel the same.
Embarking yourself in the corporate world could be one exciting and life-changing moment. As you look forward to applying the concepts and principles you diligently studied and toiled for in the last few years in school, you realized that not everything matters in the real world.
Suddenly, everything went back to square one and you are actually vying to be given the opportunity to at least start a career and prove yourself.
There will come a time in your life that you will thirst for something better, more challenging, or more exciting things. At some point, you will also feel that colleagues are starting to take over you in terms of successes. And somehow when you reflect, you realize you are afloat in that sea called “mediocrity”.
Resourcefulness is the ability of using resources in your environment at your full capacity. A resourceful individual will not break under pressure, no matter the circumstance and rise like the Phoenix from the ashes. It is noted that creative and successful individuals like Sam Walton, Temple Gardin and Walt Disney were resourceful personalities. They found inventive solutions and optimized assets in their environment. Most importantly they worked hard and smart.
Diminishing returns law is something you can be very familiar with or something you have no idea even exist. Usually, people who are studying or have studied economics are familiar with the term. An interesting fact is that this law applies to businesses and also to life. We will explain it and give you a complete insight into the diminishing return law.