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by jwdunne
3410 days ago
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Elasticity of demand. I was just reading a piece about mental models and how having one or two is like the old hammer nail problem. I think this article suffers of that a bit along with generalising to a set of principles anyone can agree with. What works when your product becomes a life or death necessity to people will be much different than what works else where. Run your business like a business that sells your product. If you're selling cocaine, you should probably run it like a drug lord. If enterprise software, run it like an enterprise software company. Maybe there's a case again what I'm saying with disruption but let's be honest: running dental practice like an actual drug lord will probably get you struck off. An example: "Run your business like a cockroach. You're the head: work to make it run without your presence." A template: "Run your business like a <type>. <insert positive attribute generalised from type>" |
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