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Network Effects (Demand-side Economies of Scale)
Network Effects and Flywheel Effect are very commonly conflated because they so commonly occur together.
- Network effects almost always lead to or create a Flywheel Effect, but the Flywheel Effect can occur where network effects do not, as we’ve seen in the previous examples.
- Network Effects are the most powerful source of the Flywheel Effect.
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What is the Flywheel Effect?
Flywheel Effect: Positive feedback loops that build momentum, increasing the payoff of incremental effort.
When good things you do lead to more good things “just happening”.
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Dissection of the Flywheel Effect
The Flywheel Effect is used to describe a handful of concepts at once, which are rarely split apart:
- Momentum: Flywheels are hard to get moving. If they get moving, they are likely to continue.
- Feedback Loops: The faster the wheel is spinning, ...
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How to Push the Flywheel
- Pick the right direction as early as possible: Changes in direction (except small corrections) reset the Flywheel. The earlier you can get moving in the right direction, the sooner the efforts will compound + the momentum will build.
- Focus Efforts: Find the things really moving the F...
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7 Things You Need To Understand About Anxiety And Depression
No, we are not over yet. After discussing the topic with my friend’s Dad (he is a doctor), I’ve made a list of things you need to understand and avoid anxiety attacks (hard to breathe moments).
- Think of your anxiety as a biological problem, rather than thinking there is something wron...
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