December 2, 2016

6 Lessons of the Domino’s Pizza Resurgence

Yetserday< I read this article about the “reinvention” of Domino’s. The lessons here are similar (“failure is an option”) to Jeff Bezos’s case for taking risks. You have to be willing to fail, in order to find the breakthroughs necessary to take a company to the next level. But here are some other points from […]

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December 1, 2016

The Failure Scorecard

Most people hate to fail. But success is usually preceded by failure (and then refining your approach). So we can think of failures as a part of the road to success. No, you shouldn’t try and fail. But equally if you do, you need to pick yourself up quickly. One thing that might help is […]

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November 29, 2016

Jeff Bezos Makes the Case for Making Big Bets

In this year’s letter to shareholders, Amazon CEO Jeff Bezos made a strong case for making moonshots. “We all know that if you swing for the fences, you’re going to strike out a lot, but you’re also going to hit some home runs. The difference between baseball and business, however, is that baseball has a […]

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November 28, 2016

The Strength of a Compelling Product

The Evernote founder Phil Libin said this about products: “People who are thinking about things other than making the best product, never make the best product” What happens when you don’t make the best, most compelling product? You pay for it. It makes it harder to sell. Which means you have to “buy” customers, either […]

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November 27, 2016

Business is Money Part 2

Previously I talked about, how for creative types, it’s easy to forget about the money side of things, even though that’s the whole purpose of business. This quote from businessman Harold Geneen is a strong reinforcer of that sentiment: “The only unforgivable sin in business is to run out of cash.”

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November 25, 2016

How Good Does Your Product Have to Be?

In a startup, it’s easy to focus on all sorts of things while ignoring the most important thing of all: the product. If you’re entering a crowded established marketplace, you need to have a product that stands out. It needs to be a big change from the existing product range. If your product is only […]

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November 23, 2016

The Magic of the iPhone Box

Why do Apple focus so much on their packaging? Because if it looks expensive, you can charge more for it. Conversely, if something looks cheap, you can’t charge as much. Appearances matter.

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