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‘Make something people want’ is hard for me to understand - is this a fair expansion? Make something people want that can evolve into a commodity, ensure only
by phnofive 6y ago
‘Make something people want’ is hard for me to understand - is this a fair expansion?
Make something people want that can evolve into a commodity, ensure only the inventor can profit (e.g. with IP protections), and architect your business such that returns scale independently of operation costs.
- BryanBeshore 6y agoInverse the phrase to be 'Make something people do not want'. I doubt people have built successful companies, and become 'billionaires' by building something people do not want.
- phnofive 6y agoNor by forming a B corporation... as far as I know.
- julienb_sea 6y agoJust because people want it doesn't mean it is a commodity or can be commoditized. We can argue that a social network is borderline commoditized, and yet the value of each network is defined by its user base and their commitment - not something that is a commodity in any imaginable sense.
- 8note 6y agoThe last one seems like the most important one for producing billionaires. That ensures that the owner class gets the benefits