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Kindle Notes & Highlights
by
Derek Sivers
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February 16 - August 30, 2020
When you make a business, you get to make a little universe where you control all the laws. This is your utopia.
A business plan should never take more than a few hours of work—hopefully no more than a few minutes. The best plans start simple. A quick glance and common sense should tell you if the numbers will work. The rest are details.
But revolution is a term that people use only when you’re successful. Before that, you’re just a quirky person who does things differently.
Success comes from persistently improving and inventing, not from persistently doing what’s not working.
Present each new idea or improvement to the world. If multiple people are saying, “Wow! Yes! I need this! I’d be happy to pay you to do this!” then you should probably do it. But if the response is anything less, don’t pursue it.
Anytime you think you know what your new business will be doing, remember this quote from serial entrepreneur Steve Blank: “No business plan survives first contact with customers.”
Never forget that absolutely everything you do is for your customers. Make every decision—even decisions about whether to expand the business, raise money, or promote someone—according to what’s best for your customers. If you’re ever unsure what to prioritize, just ask your customers the open-ended question, “How can I best help you now?” Then focus on satisfying those requests.
You need to confidently exclude people, and proudly say what you’re not. By doing so, you will win the hearts of the people you want.
It’s a big world. You can loudly leave out 99 percent of it.
Have the confidence to know that when your target 1 percent hears you excluding the other 99 percent, the people in that 1 percent will come to you because you’ve shown how much you value them.
Never forget why you’re really doing what you’re doing. Are you helping people? Are they happy? Are you happy? Are you profitable? Isn’t that enough?
Even if you want to be big someday, remember that you never need to act like a big boring company. Over ten years, it seemed like every time someone raved about how much he loved CD Baby, it was because of one of these little fun human touches.
When you sign up to run a marathon, you don’t want a taxi to take you to the finish line.
Gather everybody around. Answer the question and explain the philosophy. Make sure everyone understands the thought process. Ask one person to write it in the manual. Let everybody know they can decide this without me next time.
There’s a big difference between being self-employed and being a business owner. Being self-employed feels like freedom until you realize that if you take time off, your business crumbles. To be a true business owner, make it so that you could leave for a year, and when you came back, your business would be doing better than when you left.
Never forget that you can make your role anything you want it to be. Anything you hate to do, someone else loves. So find that person and let her do it.
When people would ask, “What are you doing to grow your company?” I’d say, “Nothing! I’m trying to get it to stop growing! I don’t like this. It’s too big.” They thought that was the weirdest thing. Doesn’t every business want to be as big as possible? No. Make sure you know what makes you happy, and don’t forget it.