Learn more about business with this collection
Why happiness is the ultimate goal
The importance of creating value
How to create wealth in the modern era
Industry leaders can help
Name recognition can allow a company to automatically be viewed legitimately by most industries. A well-known name like Elon Musk backing a company or product can help it succeed.
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MORE IDEAS ON THIS
Offering varied services/products
- Offer additional services when compared to other competitors. Consumers are willing to pay more for all-inclusive services that provide convenience.
- New products should be high-quality. A test run of products before a full launch can be helpful. ...
7
99 reads
Finding top talent in the industry
Remote work is a very attractive form of work for most professionals.
Perks attract top talent, and the ability to work from anywhere in the world from home is the ultimate perk.
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93 reads
Competing with large companies
Small businesses can compete with large corporate companies by offering a superior service or product at the right price.
Entering a saturated market means the company must innovate to set itself apart from the competition.
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109 reads
Digital marketing is imperative
- Content will always allow a company entering a competitive market to thrive.
- Podcasting is another great way to generate in-depth content at a low price.
- Social media keeps content in front of the eyes of potential customers.
- Search engine rankings help drive daily le...
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90 reads
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Other curated ideas on this topic:
Use Decision Trees
Elon Musk uses decision trees to make big decisions (a tool that uses a tree-like graph or model of decisions and their possible consequences, outcomes, and resources). They are particularly useful for avoiding stupid risks and big bets that aren’t likely to succeed.
Most became a billionai...
First Principles Thinking
Also known as Deconstruction, it’s a way of thinking supported by Elon Musk and many scientists. It consists of breaking what you know into its components until its fundamental parts can be understood.
We have a lot of assumptions. Breaking something apart yields more information all...
9. "Stay on target!"
And finally, people like Elon Musk know the importance of staying focused. While it is relatively easy to set goals, sometimes staying focused on them can be daunting.
Learn to figure out what you want and why. And...
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