David Perell

David Perell quotes on competition

"The Writing Guy". He tweet about business, online learning, and Internet writing.

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1

Business mantra: The hard problems you solve now will become your competitive edge in the future. Hard life now. Easy life later.

2

A lesson from Warren Buffett. Industry selection is a competitive advantage. For example, restaurants are notoriously difficult businesses so you should probably avoid them. Look for easier waters instead. The pond you jump in is more important than how well you can swim.

3

How I choose new projects: 1) Solve problems other people aren’t solving. 2) Should have transformative, life-changing upside. 3) My competitive advantage should be obvious. When I have all three, I commit.

4

If you’re starting a business, solve problems other people aren’t solving. Don’t copy. Competition makes marketing expensive. But differentiation is free marketing.

5

Ambitious projects are under-rated. Paradoxically, ambition makes some things MUCH easier. Benefits of ambitious goals: 1. Way less competition 🥊 2. Easier to recruit employees 👨‍👩‍👧‍👦 3. Others want to promote the project for you 📽️ Wish I'd learned this earlier.

6

If you’re an online creator, being weird and having even weirder interests is one of the biggest advantages you can have. There’s no competition.

7

In a world with limitless information, good taste is a competitive advantage. Have a nose for quality.

8

If you want to start a company, look for an important problem that people can’t measure so you can build for years without competition

9

Forgotten ideas are an unfair advantage. Don’t try to invent everything yourself. Studying the past will help you solve your hardest problems. Places to look: • Theory of Constraints • Xerox PARC • The Apollo Space Program • Mid-20th century media theory

10

If you write online, invent your own language. Page views increase because you have no competition in Google search and your influence grows because people mention your name when they talk about your ideas.

11

When you compete to be the best, you imitate. When you compete to be unique, you innovate. Aim to be unique.

12

The gift of the Internet is a global customer base. The curse of the Internet is global competition.

13

Startup formula for bootstrappers: 1. Solve an existing problem to attract instant revenue. 2. Ask for feedback from customers. Listen to them and improve the product. 3. Steer the company roadmap towards a big market with little competition. Then, keep going.

14

Roam and Notion aren’t major competitors. Roam is a programming language for ideas, geared towards individuals. Notion bundles project management, corporate communications and knowledge management, and it’s geared towards teams.

15

In our age of information abundance, access to knowledge is rarely a competitive advantage. Share your best ideas. Building an audience will do more for your career than keeping ideas to yourself.

16

If you’re starting an online business, establish your own category. 1) Find your competitive edge. 2) Pick an industry without strong competitors where you can differentiate yourself. 3) Build your name by publishing the best of what you learn. Brand-building 101.

17

Online writing is not like regular writing. Here’s how: You have to be different. You’re competing for attention against all the information on the Internet. You don’t just write to share information. You write to attract outstanding people. An incredible skill to have.

18

Prestigious universities are trying to become vocational schools, but they should double down on their comparative advantage — the Liberal Arts

19

The more creative the industry, the more obsession is a competitive advantage

20

1) Operational excellence is an under-rated competitive edge. 2) In public markets, arbitrage human behavior. In private markets, monopolize access to high-quality talent. 3) The most valuable ideas are shared in whispers.

21

Good taste is a competitive advantage. But it seems negatively correlated with the technical skills needed to build software. In the age of endless images, good taste and software building skills is a winning combination.

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