How to succeed in Business

Ultimately, the only way to achieve meaning and a sense of importance in one’s life is through a rejection of alternatives, a narrowing of freedom, a choice of commitment to one place, one belief, or (gulp) one person.

Don’t just sit there. Do something. The answers will follow.

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

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

Consistency is key: The “Flywheel” concept is another valuable tool for managers. Collins describes it as the process of building momentum through consistent and disciplined actions, which over time lead to breakthrough results. For managers, this means focusing on steady, incremental improvements rather than seeking quick fixes or dramatic

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

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

successful companies design their products to automate, eliminate, or simplify as many steps as possible. They reduce the number of fields on each form. They pare down the number of clicks required to create an account. They deliver their products with easy-to-understand directions or ask their customers to make fewer choices.