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When entrepreneurs consume the products of the entrepreneurship industry, it increases their confidence and decreases perceived risks, but usually without materially increasing their chances of success. In this sense, the industry could perhaps be seen as an industrial-scale manufacturer of “picks and shovels” that ultimately produce poor... See more

look at what your competitors do, and ask yourself a series of questions: “Are their strategy and goals the same as mine?” If their strategy and beliefs are different, and you still have conviction in your own, then you shouldn’t be distracted. Stay the course

The digital economy has radically changed the nature of the relationship between customers and corporations. Individuals have switched from being passive consumers to being an essential force in creating value, either through their actual work (Airbnb, DoorDash, Uber, Sofar artists, Wikipedia editors, Airbnb hosts) or their data (Facebook, Google,... See more

5. Do manual onboarding

While launching a premium newsletter might sound appealing for writers, it can also take a long time for creators to attract enough paying readers to make it financially sustainable. “The two types of people who seem to be making it work right now. They either have an existing kind of audience – Andrew Sullivan is certainly one – who can jump in... See more

In the hunting gathering days, there was no reason to work more than the 10-15 hours a week you needed to do to secure food. Overkill was punished because the food would rot before it could be eaten, and decrease food available to you in the environment in the future.