This is the exact reason so many entrepreneurs fail. It’s fun to do big sexy things. You’re competing with many other brilliant entrepreneurs. The way to win? Ignore this mindset all together and do common things uncommonly well.https://twitter.com/mgirdley/status/1270381874502946820 …
-
Here’s an example: Airbnb. Here’s a list of things that did not matter: floor plan, business culture, salaries, location of office, logo, office expenses, advertising even. It was idea, perseverance, and distribution strategy. They were basically competing against theirself.
It’s the grindy businesses like plumbers, mechanics, mom and pop shops, restaurants that have to do the common things uncommonly well. Quite different.
-
-
99% of the wealthy people in this country werent funded by venture capital and they didn’t have new big ideas. I’m taking about real people and you’re talking about unicorns.
-
Fair, but I'd argue that even if you're creating a smaller business, i.e. one that will not IPO, it's probably more important to compete asymmetrically than it is to do common things uncommonly well.
- 4 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.