Best 48 Quotes & Tweets on Business model

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1

The two skills of modern business: Storytelling and spreadsheets. Know the numbers. Craft the narrative.

James Clear

James Clear

@JamesClear

2

Any gig-worker app that cannot make the business model work while paying $15/hour (after expenses!), basic benefits, vacation time, and family leave should not exist. Running a modern-day serf economy behind a slick UI is disgraceful.

DHH

DHH

@dhh

3

Modeling a behavior is 100x stronger than telling someone to act differently. Kids imitate the habits of their parents. Teammates match the competitive energy of one another. Employees learn to manage like their supervisor. Be the standard and others will raise their standards.

James Clear

James Clear

@JamesClear

4

A firm is just a "nexus of contracts." Payroll contracts with employees, profit contracts with shareholders, debt contracts with lenders, delivery contracts with customers, tax contracts with the state. Blockchain-based "smart" contracts will eventually reinvent the firm.

Naval Ravikant

Naval Ravikant

@naval

5

The lockdowns are intensely pro-tech. They forcibly accelerate tech adoption and cure the industry of its collective addiction to industrial-era offices.

Naval Ravikant

Naval Ravikant

@naval

6

You build a model to figure out which assumptions drive the model.

Naval Ravikant

Naval Ravikant

@naval

7

An individual’s values, a company’s mission, and a nation’s constitution, all attract long term players playing long term games.

Naval Ravikant

Naval Ravikant

@naval

8

People who deal with nonlinearities regularly (startup investors, gamblers, complexity researchers, epidemiologists) know that models are far too sensitive to assumptions to be taken literally. All models do is help you decide when to flip from panic to greed and back to panic.

Naval Ravikant

Naval Ravikant

@naval

9

Physical monopolies (phone company, electric utility) aggregate supply and raise prices. They underpay for demand and make excess profits. Digital monopsonies (search engine, social network) aggregate demand and lower prices. They underpay for supply and make excess profits.

Naval Ravikant

Naval Ravikant

@naval

10

Work From Home is crucial step to take for all companies that are able. But let's not pretend that anyone can put in 100% during these times. If you expect everyone to still hit every deadline, nail every commitment, you're delusional, and you need to stop.

DHH

DHH

@dhh

11

Toyota has a decision-making principle called “gemba.” Instead of depending on hierarchy, the people who are closest to what’s happening make decisions. Here’s why: Toyota believes that the more hands-on knowledge a decision-maker has, the better their decision will be.

David Perell

David Perell

@david_perell

12

When an online course tells you how to make money in real estate remember they are making money by selling online courses. When a conference covers how to build an online business remember they are building an event business. Learn from what people do as much as what they say.

James Clear

James Clear

@JamesClear

13

Universities, Incubators, and Venture Capital firms are really “Curation Businesses.”

Naval Ravikant

Naval Ravikant

@naval

14

If you are customer focused, you're proactive. If you are competitor focused, you're reactive.

Shane Parrish

Shane Parrish

@ShaneAParrish

15

If you're broke, you want the get-rich-quick scheme to be true. If you run a startup, you want the questionable growth metrics to be true. It's easy to fool yourself when you want to be fooled.

James Clear

James Clear

@JamesClear

16

When you copy best practices, you also copy unseen errors.

James Clear

James Clear

@JamesClear

17

If you're capable, you can do business with sharks. But the attitude and habits that you develop will scare away honest partners later.

Naval Ravikant

Naval Ravikant

@naval

18

All models rely on a small set of critical assumptions. A good (simple) model uncovers them, while a bad (complicated) model obscures them.

Naval Ravikant

Naval Ravikant

@naval

19

If you sell a subscription for $10/mo, and you add just 1 net new customer per day... After 5 years: - you'd have collected $547K. - you'd be doing $18K/month in revenue. Failing fast isn't the only option. You can also try to succeed slowly.

Daniel Vassallo

Daniel Vassallo

@dvassallo

20

Businesses succeed when the self-interest of the business is aligned with the self-interest of the customer.

James Clear

James Clear

@JamesClear

21

This is the age of one-person media companies. Here’s the business model: • Build an email list. • Grow your list with free content. • Monetize with a subscription. • Fans pay for podcasts, ask-me-anything episodes, and behind-the-scenes videos. Small teams. Big margins.

David Perell

David Perell

@david_perell

22

Scaling a company via code and contracts instead of via people mitigates the Principal-Agent problem. Scaling via community-generated code and content mitigates Hayek’s Local Knowledge problem.

Naval Ravikant

Naval Ravikant

@naval

23

Profit sharing is the new IPO.

Hiten Shah

Hiten Shah

@hnshah

24

I cannot urge early stage startups enough to make a model of their unit economics. It is so telling what will likely cause great, early pain in your startup in the first 5 years. It’ll keep you honest & let you test the accuracy of your intuition. Buffer for the unknown.

Suhail Doshi

Suhail Doshi

@Suhail

25

How to conduct 1-1s, a simple framework Tell your direct reports what you think they should: - Start doing - Stop doing - Continue doing Ask them what you should: - Start doing - Stop doing - Continue doing Do this often enough that you’re not worried about too much feedback.

Sahil Lavingia

Sahil Lavingia

@shl

26

All startups pursue one or more of these categories in the end: they (1) make you more money, (2) save you time, (3) entertain the hell out of you, (4) get you laid. The best ones are able to accomplish as many of the four as directly as possible.

Suhail Doshi

Suhail Doshi

@Suhail

27

“But they have 120,000 customers!” Well that may be because they *need* 120,000 customers to pay for the 2130 people who work there. But that’s their overhead, not yours. You do what you need to do, not what they need to do. 45 customers may be plenty for you.

Jason Fried

Jason Fried

@jasonfried

28

Organizations often signal what they lack. For example ... The more an organization tries to win a top employer award, the worse they actually are to work with. The award only feeds the ego of the people in the building. When you're great, you don't have to tell people.

Shane Parrish

Shane Parrish

@ShaneAParrish

29

My vision of success was to run a great business for decades w/o answering to anyone but employees & customers. One decade down, many to go.

DHH

DHH

@dhh

30

Customer service should be the most innovative team in a business

David Perell

David Perell

@david_perell

31

Why I love subscription products: 1. You develop a longterm relationship with your customer that can literally last a lifetime. 2. Subscribers want your product to improve & reward you for innovating on their behalf. 3. They are the ultimate validation that you solved a problem.

Jeff Morris Jr.

Jeff Morris Jr.

@jmj

32

What do blazing technology equity growth stocks like Netflix, Spotify and Tinder all have in common? Subscription first business models that millennials prefer every-day-of-week versus ads A changing of the guard is in effect

Brian Norgard

Brian Norgard

@BrianNorgard

33

Ironic that the most monetizeable code in the world is now open source (running on blockchains). OSS has the best business model.

Naval Ravikant

Naval Ravikant

@naval

34

“Business to Influencer to Consumer.” B2I2C is the new B2B2C There’s so many new products that are targeting social media influencers, streamers, and the long tail of creatives/makers as their primary growth strategy Especially if your product/service is visual.

Andrew Chen

Andrew Chen

@andrewchen

35

Contrast business models: • Ad based: More experienced users click on less ads. • On-demand services: More experienced users increase usage.

Naval Ravikant

Naval Ravikant

@naval

36

My "business plan" is to do the things that maximize the odds of maintaining my preferred lifestyle. Makes it very easy to decide what to do and what not to do.

Daniel Vassallo

Daniel Vassallo

@dvassallo

37

If your "business" doesn't have "revenue", well, then maybe it isn't so much of a "business".

DHH

DHH

@dhh

38

I am obsessed with subscription models. They are the ultimate customer validation. A customer who is willing to subscribe to your product and stay with you month after month is a happy customer.

Jeff Morris Jr.

Jeff Morris Jr.

@jmj

39

Using microservices when you're just starting is like trying to do franchising before opening the very first shop. It's almost always premature, and likely not what you want to do anyway — even in the long run. You don't have to follow the herd. You can choose what's easiest!

Daniel Vassallo

Daniel Vassallo

@dvassallo

40

I really think long-form essay writing (please please please don't call it blogging) for professional audiences is due to make a comeback, ideally tied to a better business model than advertising.

Patrick McKenzie

Patrick McKenzie

@patio11

41

Somebody’s going to build a health & fitness bundle. It would quantify diet, sleep and fitness. It’d have a central software dashboard with personalized recommendations, a trainer to help me with them, and friends to improve my health with. Business model: Monthly subscription.

David Perell

David Perell

@david_perell

42

The best way to succeed is to define your own market. Average companies take a chunk of their market. Good companies monopolize their market. Great companies monopolize the market they created. Grow the market. Grow the company.

David Perell

David Perell

@david_perell

43

The admitted business model of venture capital is to be COMPLETELY WRONG the vast majority of the time and hope a few hits will pay for it.

DHH

DHH

@dhh

44

It’s seems inevitable that the YouTube business model where creators get paid for their content will eventually take over. If you’re a successful creator, why not get paid for your efforts? It’s why capitalism exists.

Matthew Kobach

Matthew Kobach

@mkobach

45

Gaming Monetization offers frameworks for building revenue models. Strategies that gaming apps helped create: 1. Gating: Limit how often the game can be played. 2. Boosting: Resources/entities to reduce game difficulty. 3. Differentiating: Ability to unlock alternate play modes.

Jeff Morris Jr.

Jeff Morris Jr.

@jmj

46

Business idea: Make content for people who want to sell their company. ∙ 10-part podcast about the business model ∙ Company history interviews with key executives ∙ Videos about the future of the company If they're good, they'll be shared widely which may attract a buyer.

David Perell

David Perell

@david_perell

47

The counterintuitive thing about some B2B startups is that some exist mainly because they charge more than competitors, not less.

Garry Tan

Garry Tan

@garrytan

48

Customer: "What's the ROI?" Enterprise software vendor: "We make you look good to your boss." Customer: "Sold!"

Garry Tan

Garry Tan

@garrytan