There are only problems and solutions.

Solving problems for people make them reciprocal (give you money)

Wanting problems solved makes you reciprocal(give them money)

The more comprehensive your solution, the more people will use it (take market share)

  • Ogilvy

  • Entropy and self control and design

    If just finished reading his article https://jamesclear.com/entropy and had the thought that designing anything in life is about minimising the probably of things going wrong. And not instead about forcing things to go right. When all of us go about designing things, we focus on how to DO things, however good design is about preventing…

  • 💰Value

    The percieved value of a thing can be explained by a semi-simple equation: Value = 🥅Perceived % of final goal achieved X 📜The perceived credibility of the provider X 🎲The perceived proof/likelihood of success in getting the goal ÷ ⏳The amount of time to final goal X 🔨The effort and sacrifice of the recipient X…

  • 🚚👀S&D with Price Elasticity

    Price Elasticity = Percentage Change in Quantity ÷ Percentage Change in Price Classical supply and demand economics dictates that when a change in quantity or price occurs then the supply or demand will change as customers or vendors chase value. As demand for a product increases, and if supply is fixed, price will rise.(suppliers look…

  • ⭐Seven SME Personality Types

  • 🥅 Business Purposes

  • ⚒️Leverage

    Leverage = doing an action once that pays back multiple times in the long run Basically adding leverage involves designing and creating something that makes repeat tasks or idea dissemination easier. Basically being able to get the job done for more people with less effort. Think about if you were a musician that wanted to…

  • 👷‍♀️Market Structures

    The market as defined by a segment of product or service users 4 Main Market Types Price taker vs price maker: makers can dictate their own price, and takers have to sell at the price the market decides Fragmentation vs Consolidated Think of fragmentation as a need for bundling together or as a result of…

  • 📍HOW TO DECOMODIFY A PRODUCT/BUSINESS

    ✅Innovate.A new product that better meets consumer needs, even an upgrade of an existing product, can one-up competitors and force them to invest in matching or exceeding the new specifications. ✅Bundle.Selling a commoditized product with differentiated ancillary services (such as after sales service) can appeal to buyers willing to pay a premium for the convenience.…

  • 📈Business kpi calcs

    number of active customers pm new customers joining pm customers leaving pm churn pm = customers leaving/ active users ltv = product price / churn gross profit = revenue – product cost retention py =1-((12*customers leaving) /active users) hypethetical max customers = max revenue / ltv hypethetical max revenue py = new customers pm *…

  • 🧱Fundamentals of business

  • 🚮Customer churn

    Customer churn is the rate that a customer leaves the business. If customer churn is high then there will need to be a constant supply of new customers to buy, in order for the business to stay afloat, as each customers life time value will be low. On the flip side if churn is low…

  • 🏗Organizational structures

    https://www.lucidchart.com/blog/types-of-organizational-structures https://blog.hubspot.com/marketing/team-structure-diagrams