How to succeed in Business

Patience without action leads to a passive life.

Patience with perseverance leads to us fulfilling our goals.

Narrow your focus: The book introduces the “Hedgehog Concept,” which managers can use as a strategic tool to focus their organizations on three intersecting circles:

• What they can be the best at.

• What drives their economic engine.

• What they’re passionate about.

For managers, this concept is invaluable in clarifying and simplifying the strategic

without a list of individual projects, you can’t connect your current efforts to your long-term goals.

“Your job isn’t to sell—it’s to help people,”

be clear about your intentions.

A systems-first mentality provides the antidote. When you fall in love with the process rather than the product, you don’t have to wait to give yourself permission to be happy. You can be satisfied anytime your system is running

The amount of serendipity that will occur in your life, your Luck Surface Area, is directly proportional to the degree to which you do something you’re passionate about combined with the total number of people to whom this is effectively communicated. It’s a simple concept, but an extremely powerful one because what it implies is that you can

If you incentivize hitting the schedule on time, overtime, it will cost people to hit the schedule every time. If you incentivize shipping the best version of something, you will tend to ship the best version of something.

Health club operator Renaissance has raised membership fees for a typical plan twice since the pandemic started, by around 10% each time. It also has renovated its sauna facilities and started 24-hour operation at some gyms in response to customer demand. In July, the company raised workers’ pay by 5%, compared with 2% to 3% raises in the