Randhir Singh Solanki's Key Ideas from Invent and Wander
by

When buying a company or hiring talent, ask, does it have a strong mission.

👉That’s ‘missionary’. Else, its mercenary. 

✅In investing, ‘missionary’ is long term. Mercenary is ‘trading’, always trying to flip.

🟡Be afraid of your customer. They always want more. They are always dissatisfied. They will always grow you.

‼️When I pitch, I try to follow this. Like an elevator pitch. Like a story.

One door decisions – binary outcome, you can’t change them; take all the time. 

Two-door decisions – you can course-correct; don’t take too much time.

✅Listen to your heart.

I listen to my gut. Don’t always listen to the inner critic, the inner Amrish Puri. It is okay.

Focus on free cash flow.

Cash flow is reality.

🟠Negative reviews may cost you in the short-term but helps customer make better decision, ultimately pays off. The villain needs to be seen.

❌Don’t focus on what will change. focus on what won’t change in the next ten years. That’s a great business to be in.

- the worst/best decision you’ve ever made?

- the consequences of it?

- all the possible perspective you had?

Go to an upper level of decision making and make you mind to be on auto pilot mode.