How to succeed in Business

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

Stop operating from the assumptions of your past self, and start finding new and unique pathways. Find the people and pathways to get where you’re trying to go.

You can choose the vision you’re looking for. You can choose the standard.

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

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

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

If you do everything the way the average startup does it, you should expect average performance. The problem here is, average performance means that you'll go out of business. The survival rate for startups is way less than fifty percent. So if you're running a startup, you had better be doing something odd. If not, you're in trouble.

The Japanese companies looked for every point of friction in the manufacturing process and eliminated it.

“Professionals stick to the schedule; amateurs let life get in the way.”