Seth’s Blog: Cutting through Singer’s Paradox Understanding people’s motivations for giving and helping out others: CLOSE & NOW: (…) Many times, we act generously or heroically because to avoid doing so is to risk being shamed. (…) GRATITUDE : Even though it might not be at the top of mind, the fact is that once we pull someone out of the pond, we anticipate that they will thank us, and so will the community....
fundersandfounders: Too Late To Start? quarter-life crisis and mid-life crisis
How to Create a Business that Prints Money | Forever Jobless Step 1: How can you create something of value in a market better than what’s out there? Step 2: When you do that, how can you reach your potential audience? If you can answer “yes” to both, do you have something you think you’ll enjoy, and can make an amount of money that may be interesting to you? Cool. Jump in....
The default state of any new idea is failure. It’s the execution–the fight against inertia–that matters. Dustin Curtis (via The Fight ) It’s so easy to get stuck in the waiting place, putting things off until later, even when those things are vitally important to making your dreams come true. But the truth is that, in order to make progress, you need to physically and mentally fight against the momentum of ordinary events ....
Ideas are just a multiplier of execution | Derek Sivers To me, ideas are worth nothing unless executed. They are just a multiplier. Execution is worth millions. AWFUL IDEA = -1 WEAK IDEA = 1 SO-SO IDEA = 5 GOOD IDEA = 10 GREAT IDEA = 15 BRILLIANT IDEA = 20 NO EXECUTION = $1 WEAK EXECUTION = $1000 SO-SO EXECUTION = $10,000 GOOD EXECUTION = $100,000 GREAT EXECUTION = $1,000,000...
Free is only a tactic, not a business model. Free: a Tactic, not a Business Model | Tech News and Analysis
Redeye VC: The Penny Gap … my primary point was to state that many people (mistakenly) believe that getting a consumer to go from “free” to $1/month is just as difficult as getting someone to go from $1 to $2/month. I think that there is a huge burden to getting a consumer to pay anything — and entrepreneurs tend to underestimate the level of effort.
nateweiner: “The entrepreneur’s dilemma: Maintaining friendships. Building a great company. Spending time w/family. Staying fit. Getting sleep. Pick 3.” @RandiZuckerberg 3 seems generous. Replace “getting sleep” with “eating” or any other body function and that part stops making much sense.
Burn Your Business Plan! – Forbes Now let’s be careful, I’m not saying business plans have no place in the universe, but I am saying they are a bad place to start. There is a much better process to follow and when you are done then, and only then, should you write a business plan. See practical example from XoomPark : Xoom park bmc_international_new_sp [autosaved] View more presentations from Steve Blank
(…) 3 different types of products out there: In the first case, we have something like purchasing food. Immediately that hamburger has a lot of value (you’re hungry right?) but after you eat it, the value is largely gone. In the second case, there are products that deliver the same amount of value to you every day. A newspaper subscription is a great example of this. Every day it shows up at your door and you get the same value from it each time....