Posts tagged business
After reading this article about Airbnb’s success, there was one bit from the article that really got me thinking:
…Reading & re-reading that phrase really got me thinking about how other business models work in terms of the margin between value created & value extracted.
I’ve not read Tony Hsieh’s Delivery Happiness yet either, but I kinda suspect that it’s gonna come down to the same principle: create & offer more value than you are necessarily being paid.
This doesn’t mean you should cut profit margins or stop earning a profit all-together, but you should consider adding non-financial value to whatever it is you are offering clients. So how can you do that in your business?
Source adii
(photo by Shahram Sharif)
Have you ever failed?
I mean brutally failed.
How did you react to your failure? Did you learn from it, or did you let your failure win?
I am convinced that much of our society has never learned how to fail. If we look at our failures as lessons, and learn from them, we will have much less fear of failure, and will be much more willing to step out and do the unthinkable.
What are 3 risks you can take this week? Risks that you are certain will most likely result in failure. Do them (nothing life threatening please)! And if you fail, write down what you learned.
Take leaps and bounds this week!
Suggested Reading: Failing Forward: Turning Mistakes into Stepping Stones for Success by John C. Maxwell
