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Ideas from books, articles & podcasts.
Every moment in business happens only once
- Successful people find value in the most unexpected places. They think in terms of principles, not formulas.
- Refining an existing idea moves the world from 1 to n, but to move from 0 to 1, we must create something new.
- Progress comes from Monopoly, not competition.
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created an idea from a book:
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The best place to find secrets is to ask questions no one is asking and look where no one else is looking.
- It's better to be bold than inconsequential
- A Bad Plan is better than none
- Don't Compete: competition destroys profits
- Sales Strategy matters as much as product
A start-up is the largest group of people you can convince of a plan to build a different future.
Small changes have disproportionate results.
- Proprietary Technology: 10x Better than next best alternative.
- Network Effects: Provide immediate value to early adopters.
- Economies of Scale: Cost per unit declines as production increases.
- Branding: A reputation that differentiates itself from competitors and guaran...
The first and most crucial decision is whom to start it with.
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