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There are some nuggets in here, like 'do stuff that doesn't scale' early on. Coincidentally, I listened to a podcast episode on survivor bias this morning: htt
by edoloughlin 12y ago
There are some nuggets in here, like 'do stuff that doesn't scale' early on.
Coincidentally, I listened to a podcast episode on survivor bias this morning: http://youarenotsosmart.com/2013/05/23/survivorship-bias/ http://youarenotsosmart.com/2013/05/23/survivorship-bias/ where the main takeaway for business is that "success boils down to serially avoiding catastrophic failure while routinely absorbing manageable damage".
Essentially, even successful companies don't know the secret of their success.
- allsop8184 12y ago"even successful companies don't know the secret to their success" - so true. I speak to successful online entrepreneurs almost every day and am constantly surprised by the lack of strategy used and the lack of awareness of what actuallY moved the needle for them. Sometimes the cherry picked 'best practical advice' is just a shot in the dark (though still very helpful).