Imagine you're trying to compete with Coca-Cola by creating a new soft drink. A room full of business types would probably get together and say that you need to develop a drink that you can drink a lot of, tastes better and is cheaper. But funnily enough Red Bull came along and made tiny cans,… Continue reading Always Aim To Beat The Competition Without Competing
In artificial exams there is only one way to succeed and one way to fail. You succeed by giving the pre-determined correct answer and you fail by not being able to give enough of these answers. If you fail, all you have to do in artificial exams is learn more of the correct answers and… Continue reading Failure Is Overrated
Only fools do something that is bound to fail. And only failures do something that is bound to succeed.
The bell curve has caused untold damage to the way people think about the world. For some reason when people are introduced to a "model" of how one thing works, they start applying the same model to different domains in life. Just because height follows a bell curve, does it mean that intelligence does? (No.)… Continue reading The Wrong Model
The person you can't criticise is the person who owns you.
Isn't it odd that the government allows banks to lend out more money than the bank physically owns? When a bank considers lending money to someone, they look at that customers previous history and current circumstances. If the customer ticks all the right boxes then the bank can give that customer money which the bank… Continue reading Belief In The Future
It used to be that you could take shortcuts to get to the top. If you knew the right people, had some insider knowledge or someone was kind enough to tell you the secret steps to take, you could get ahead of everyone. But we now find ourselves in a world where anyone can connect… Continue reading Forget The Shortcuts
In normal life average effort, average ability, average strategy = average results. In business most people fail. This therefore means that doing what everyone else is doing, or listening to advice most people give will lead to failure.
I absolutely love this scene from Ramsay's Kitchen Nightmares. Ramsay is visiting a failing restaurant with a super talented French chef. It's failing even though the chef is clearly capable of winning a Michelin Star. The reason? The talented young chef is over complicating his food. [Watch the scene which starts at 20.04] https://youtu.be/TrwC0mo43QM?t=1204 "You… Continue reading A Tale Of Two Whiskeys