Business Tag Archive

Fixing problems you previously didn’t know you had

(Extracted from Bloomberg on Bloomberg) Keeping serviceable what you’ve built is a never-ending process. Every day, something you never thought could go wrong, does. So every day plus one, you fix a problem you...

October 4, 2019| Entropy Read More

Promotee should expect to deliver more

(Extracted from Bloomberg on Bloomberg) We handle perks differently, too. At Bloomberg, as you get promoted and your compensation increases, you aren’t expected to work less and take more vacations. Quite the...

October 4, 2019| People Read More

An open office reduces friction

(Extracted from Bloomberg on Bloomberg) I’ve always believed that management’s ability to influence work habits through edict is limited. Ordering something gets it done, perhaps. When you turn your back,...

October 4, 2019| Execution, Structure drives behaviour Read More

Buy what’s delivered, not promised

(Extracted from Bloomberg on Bloomberg) The risks attendant with developing technology I think properly belong to the manufacturer or software writer. They get the profits if it works; they should take the grief if...

October 4, 2019| Execution Read More

Play as many hands as possible, whatever cards you are dealt with

(Extracted from Bloomberg on Bloomberg) Don’t devise a Five-Year Plan or a Great Leap Forward. Central planning didn’t work for Stalin or Mao, and it won’t work for an entrepreneur either. Slavishly follow a...

October 3, 2019| Execution, Life, Optionality, Path Dependence Read More

Drown your competitor

(Extracted from The Founder) I want to take the future, I want to win, and you don’t get there by being aw-shucks nice guys sap. There’s no place in business for people like that. Business is war. It’s dog eat...

September 30, 2019| Machiavellian Read More

Distribution dead zone for products priced between $100 and $10,000

(Extracted from Zero to One by Peter Thiel) In between personal sales (salespeople obviously required) and traditional advertising (no salespeople required) there is a dead zone. Suppose you create a software...

September 21, 2019| Marketing, Sales Read More

Distribution is king

(Extracted from Zero to One by Peter Thiel) Superior sales and distribution by itself can create a monopoly, even with no product differentiation. The converse is not true....

September 21, 2019| Marketing, Sales Read More

Advertising works on everyone

(Extracted from Zero to One by Peter Thiel) In Silicon Valley, nerds are skeptical of advertising, marketing, and sales because they seem superficial and irrational. But advertising matters because it works. It...

September 21, 2019| Marketing, Sales Read More

Attract talents based on mission and the team to work with, not perks

(Extracted from Zero to One by Peter Thiel) Talented people don’t need to work for you; they have plenty of options. You should ask yourself a more pointed version of the question: Why would someone join your...

September 21, 2019| People Read More

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