Your Business survival can be estimated in 7 questions
1. The Engineering question Can you create a breakthrough technology instead of incremental improvements?
2. The Timing question Is now me right time to start your particular business?
3. The Monopoly question Are you starting with a big share of a small market?
4. The People question Do you have the right team?
5. The Distribution question Do you have a way to just create but deliver your product?
6. The Durability question Will your market position be defensive 10 and 20 years into the future?
7. The Secret question Have you identified a unique opportunity that others don't see?
Focus is saying no to 1,000 good ideas.
Every time I read a management or self-help book, I find myself saying, “That’s fine, but that wasn’t really the hard thing about the situation.” The hard thing isn’t setting a big, hairy, audacious goal. The hard thing is laying people off when you miss the big goal. The hard thing isn’t hiring great people. The hard thing is when those “great people” develop a sense of entitlement and start demanding unreasonable things. The hard thing isn’t setting up an organizational chart. The hard thing is getting people to communicate within the organization that you just designed. The hard thing isn’t dreaming big. The hard thing is waking up in the middle of the night in a cold sweat when the dream turns into a nightmare.
The last 10% is 90% of the work.