General Business Frameworks Flashcards
Make haste
Slowly
The meek and humble
Inherit the earth.
Everything comes to him
Who hustles while he waits.
The safest way to get what you want is to
Deserve what you want.
You don’t need everyone buying your product
You just need 18% buying from you. Find your 18% and alienate the rest.
Deliver to the world
What you would buy if you were on the other end.
Good artists copy
Great artists steal.
If you’re in a room and you don’t know
Who the sucker is, you’re the sucker.
The world is not yet
Crazy enough to reward a whole bunch of undeserving people.
You have to make
The plane go where you want it to go.
If you don’t have it in your head
You will have it in your heel.
You are not allowed
To make mistakes
Always split test
Very different things
The best thing to split test
Is pricing
Always search for
Disconfirming evidence
You can’t delegate
What you don’t know.
If you’re not executing
You need accountability partners. Humans are social.
Sell one product
Over and over at ever diminishing costs.
Anything worth doing
Is worth doing poorly first.
Companies who aren’t thinking about the customer
And focusing on the customers interest are going to get lost in the shuffle. Those who get greedy are going to be left in the dust
Sam Walton
Success depends on not merely on how well you do the things you enjoy
But how conscientiously you perform the duties you don’t
John Maxwell
Hardwork is the accumulation
Easy things you didn’t do when you should have
John Maxwell
Experiment frequently
But not with anything you can’t switch from quickly or that would sink the business.
Sam Walton
Proper allocation
Of assets is an investor’s number one job
Charlie Munger
