Short-term vs Long-term - The I.G.Y. Foundation
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Short-term vs Long-term - The I.G.Y. Foundation
Embracing a business model that prioritizes long-term customer value over short-term revenue is not easy.
recently noted • You Are Your Business Model -
Success in business comes from helping people — bringing the most happiness to the most people. The best marketing is being considerate. The best sales approach is listening. Serve your clients’ needs, not your own. Business, when done right, is generous and focused on others. It draws you out of yourself, and puts you in service of humanity.
Derek Sivers • How to Live: 27 conflicting answers and one weird conclusion
“’Take the long view’ is an operating principle at Duolingo that we’ve stuck to for years. We believe it’s key to building a durable business. It means: if something works in the short term but hurts Duolingo in the long term, it’s not right. We make decisions that keep us moving toward our big goals.For example: If you offer subscription pricing... See more
Lenny Rachitsky • How to win in consumer subscription
Short-term performance is often what earns you the right to think long-term.
Short-term execution builds trust from those around you. This trust is the atomic asset—it creates the foundation that enables a long-term orientation.
Imagine two investors:
· Investor A raises $10 million to start a fund. Her performance is bad in the short-term. She
... See more