10 Lessons from Great Businesses - Deepstash

Bite-sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

created 11 ideas

Nice pointers for businesses to go from also rans to success.

READTHEGENERALIST

10 Lessons from Great Businesses

10 Lessons from Great Businesses

readthegeneralist.com

STASHED IN:

349 reads

Be Persistent

  • Attracting exceptional people is a startup's most important task outside of finding product-market fit.
  • The most effective way to hire extraordinary people is to be so persistent it hurts.
  • Persistence and pestering are twins with scarcely a mark to distinguish them.
  • F...

Maximize Deep Work Time

High impact work requires concentration, often for hours at a time. Levels Health gives its team the maximum possible deep work time by actively discouraging tools like Slack and meetings.

This creates a business that runs asynchronously, reducing interruptions and...

Obsess Over Your Customer

Every successful company cares about serving its customers to some extent, but very few are genuinely obsessed with pleasing them in that word's truest meaning.

To please your customers, you must obsess over them.

A good example of true customer obsession is Coupang, who take extr...

CHARLIE MUNGER

Never, ever, think about something else when you should be thinking about the power of incentives.

Think Like a Nation-State

As tech insinuates itself into every aspect of our lives, companies and protocols act as pseudo-nation states with enormous impact and broad scope

Terra, a crypto project, takes inspiration from the founding of Singapore and how prime minister Lee Kuan Yew fostered prosperity.

Align the Incentives

Sometimes aligning incentives involves tinkering, like spinning out part of the team to capitalize on an idea directly.

The goal is the same: maximum incentive alignment.

Example: AngelList constantly tinkers to align incentives for its many experiments.

Invest in Soft-Power

Move to a space that captures instant eyeballs, especially if you have missed the early train.

There is a difference between having a well-known brand and an influential one. FTX has made one of the most ambitious attempts to secure the latter.

Enteri...

Provide Optionality In Products

Built optionality into the product by designing the platform to host the long-tail of assets.

  • Devin Finzer and Alex Atallah founded OpenSea when NFTs were scarcely a blip on the world's radar.
  • They preserved optionality by keeping burn low and ...

Intensify Your Advantage

Focus on how you can intensify your most pronounced advantage.

For example, Tiger Global focuses on its greatest strengths by moving quickly and relying on an encyclopedic knowledge of successful business models to pick winners, even at the cost of outsourcing commoditi...

Find Your Counter-Positioning

Define yourself by what you're not.

  • Telegram has defined itself as a user-friendly private alternative to Big Blue's surveillance state.
  • As Facebook has fumbled through data breaches and congressional hearings, Telegram's allure has only grown ...

Proactively Reinvent Yourself

Great businesses never sit still. They are constantly in a state of reinvention and internal bottoms-up disruption. Doing so opens new opportunities and protects against competitive displacement.

To stave off staleness and disruption, businesses must innovate from within.

1 Reaction

Comment

MORE LIKE THIS

created 9 ideas

Experiences and life stories of great minds can inspire, motivate and encourage us to take the right action and step towards what we want in life and career. 

4

Comment

1.38K reads

It's time to

READ

LIKE

A PRO!

Jump-start your

reading habits

, gather your

knowledge

,

remember what you read

and stay ahead of the crowd!

Takes just 5 minutes a day.


TRY THE DEEPSTASH APP

+2M Installs

4.7 App Score