Personal MBA
... See moreThe typical large business 20 years hence will have fewer than half the levels of management of its counterpart today, and no more than a third the managers. In its structure, and in its management problems and concerns, it will bear little resemblance to the typical manufacturing company, circa 1950, which our textbooks still consider the norm… th
Financially successful people choose to do work that is economically rewarding, then manage their income with frugality and thrift.
“The scarcest resources in any organization are performing people. Since World War II, the U.S. military—and so far no one else—has learned to test its placement decisions. It now thinks through what it expects of senior officers before it puts them into key commands. It then appraises their performance against those expectations. And it constantly
... See morePeter Drucker, The Essential Drucker
During our first year in business we didn’t spend a dollar on acquisition. Rather than becoming overly dependent on paid acquisition to grow, we invested our time and effort into product led growth. (We also didn’t really have any money to spend).
It worked. We operated super lean and really optimized our funnels and user experience.
What’s the lesso
“My rule of thumb is launch as soon as you have a quantum of utility, which means as soon as there’s one person in the world who is glad you launched because now they can do something that they couldn’t do.”
I’m convinced that storytelling, taste, and design will be the most differentiating business skill of the 21st century
Your early writing or business will probably suck.
Mine did.
They’ll improve but only if you give yourself permission to suck first.
Charge between $50 and $150 for your product. That's affordable enough to get buyers without building trust for many years.
The goal is to make sure you deliver thousands of dollars worth of value if not more.