
Recession time is the best time to test any hypothesis that one wanted. For instance, if the business is doing well in the recession days, it is highly likely that it will be overflowing with orders in good times.
How do we identify opportunity?
There is no straight answer. One runs multiple experiments one or multiple ones as per comfort. Amazon started it as online book store and it evolved with time. Thanks to Bezos vision, hard work and the element of luck. It is more important to get started and to keep iterating it till the companies fail completely. It doesn’t mean to get started the next day. You need to identify the opportunity. There are opportunities at the door all the time. We just need to identify them. Most of them lies just in front of us, but it’s difficult to see what’s next to us then to see what’s far away.
As Charlie says, “The only way to win is to work, work, work, work, and hope to have a few insights.”
Whereas we aspire to have a lot of insights, by working just a few minutes or a couple hours. We need overnight success. Generally overnight success happens only after working for decades in the past. Jeff recently became the first person on the planet to score double century, a whopping $200 billion. He reached the centi billionaire mark back in November 2017. In just less than in 3 years he scored another century. That’s how compounding works. The Oracle of Omaha, Warren Buffet, grasped the idea of compounding at the age of 10.
During the day I came across an interesting twitter thread by Ankur Warikoo, CEO of Nearbuy. The thread beautifully explains only his failure. At how many things he has failed throughout his life, as he turn 40 this week. It beautifully captures the tough times he faced in the past.
The will to prepare is way more important than the will to win!
As usual you can share this exciting site you figured out with your closed ones, just with a click…
First step is always difficult .But as to step your half task is done
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