10 Wise Lessons From the Book ”Invent and Wander” - Deepstash
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10 Wise Lessons From the Book ”Invent and Wander”

1. Always Day 1.

Always. Have the same hunger you had when you started your first day towards your dream. 

✅Every day when you wake up, its Day 1. Nothing can beat that.

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4. Customer obsession not competitor obsession.

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

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2. Regret Minimization Framework.

When in doubt, move forward, imagine yourselves at 80 and ask, will I regret not doing this? 

🔴If yes, then do. Else, delete.

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50 reads

3. Missionary vs Mercenary.

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.

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41 reads

Can you remember…

- 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.

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21 reads

8. Focus long-term shareholder value creation. 

Focus on free cash flow.

Cash flow is reality.

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28 reads

9. Allow negative reviews.

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

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30 reads

5. Write your pitch. Story-tell. But never more than 6 pages!

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

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37 reads

6. One door and Two door decisions

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.

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60 reads

7. Use Intuition. 

✅Listen to your heart.

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

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30 reads

10. Focus on what won’t change in the next 10 years

❌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.

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27 reads

CURATED FROM

CURATED BY

randhir_singh

To be blissful is a pleasant state of life-energy, which cannot be disturbed by physical, mental, or emotional causes.

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