keep acquiring knowledge, keep applying knowledge

If i can map it, i can do it

Ask yourself , do I have the map for the place I want to reach

You just need to be right,once

Journey would be worth it.

As a businessman , you have to let money decide every decision of your business life

otherwise, you will not win


Remember, Everyone wants to be with a winner

people want to be around winners

Even the closest friends of yours :)


And

if you are not a winner, in the long run, you will not have close friends ........ simply human :)

Social gravity

Work on it

Trust, deep relation ,exchange

In that order

most of my friends have achieved what they had aspire for- now its my turn :)

Now, it is time to meet them and learn from them.........to reach where I want to reach



time changes :)

startup gets distribution before incumbent gets the innovation

for monopoly, this is imperative.

monopoly is the result, power law is the tool

thats how I did it.

you can not make change with rational behavior

you have to manaically immerse yourself in the process of making the change happen by imbibing it in your behavior


imerse,imbibe,filter,act - change will happen


acquire knowledge, apply knowledge

one minute of practice is far more valuable than reading whole libraries

thank you vivekanandji

MONOPOLY update 2

1. IP
2. stickiness
3. network effect
4. IRR
5. brand
6. distribution
7. irreversibility
8. C---om
9. tharak jagana
10. lat lagana
11. unique
12. the curve
13. the map
14. path of least resistance
15. sales cure all - mark cuban
16. make money for others
17. embrace constraints
18. recruit customers, money will follow
19. Repeatable Unit - kumar ujjwal
20. first generate trust, exchange will follow

Biggest business killer in 21st century- obscurity

Thanks Peter for this

An average product with awesome distribution has far more survival probability than a brilliant with no distribution

Business 101

First generate trust
Then exchange will take place

Whatever doesn't kill you, makes you stronger

Keep learning , keep growing

In the end, hiw big or how small you want your life to be is your choice

That question decides, your daily behavior and habit which in turn affect your existence

The future is going to be what you will

Take it seriously

In a world where future is what yoh will

Those people have an edge who could hold a thought or an idea for a sustained period of time and make it happen

Hold a thought or an idea

My cultivated unfair advantage

Thanks meditation

making yourself do things by compelling yourself

Have found this weird thing about my nature, I have design system where I force myself to do certain things I want to do because I know I will not do it otherwise.


Weird

acquire knowledge, apply knowledge

fashion is sexy in the short run, but in the long run function/substance always wins

work on being a person of substance, fashion is temporary

acquire knowledge, apply knowledge

Men are much more likely to discover easier and readier methods of attaining any object, when the whole attention of their minds is directed towards that single object

Men are much more likely to discover easier and readier methods of attaining any object, when the whole attention of their minds is directed towards that single object, than when it is dissipated among a great variety of things. But, in consequence of the division of labour, the whole of every man's attention comes naturally to be directed towards some one very simple object. It is naturally to be expected, therefore, that some one or other of those who are employed in each particular branch of labour should soon find out easier and readier methods of performing their own particular work, whenever the nature of it admits of such improvement

A great part of the machines made use of in those manufactures in which labour is most subdivided, were originally the invention of common workmen

A great part of the machines made use of in those manufactures in which labour is most subdivided, were originally the invention of common workmen, who, being each of them employed in some very simple operation, naturally turned their thoughts towards finding out easier and readier methods of performing it. Whoever has been much accustomed to visit such manufactures, must frequently have been shewn very pretty machines, which were the inventions of such workmen, in order to facilitate and quicken their own particular part of the work

a boy who wanted to save his own labour

In the first fire engines {this was the current designation for steam engines}, a boy was constantly employed to open and shut alternately the communication between the boiler and the cylinder, according as the piston either ascended or descended. One of those boys, who loved to play with his companions, observed that, by tying a string from the handle of the valve which opened this communication to another part of the machine, the valve would open and shut without his assistance, and leave him at liberty to divert himself with his play-fellows. One of the greatest improvements that has been made upon this machine, since it was first invented, was in this manner the discovery of a boy who wanted to save his own labour

improve dexterity, and saves time

All the improvements in machinery, however, have by no means been the inventions of those who had occasion to use the machines. Many improvements have been made by the ingenuity of the makers of the machines, when to make them became the business of a peculiar trade; and some by that of those who are called philosophers, or men of speculation, whose trade it is not to do any thing, but to observe every thing, and who, upon that account, are often capable of combining together the powers of the most distant and dissimilar objects in the progress of society, philosophy or speculation becomes, like every other employment, the principal or sole trade and occupation of a particular class of citizens. Like every other employment, too, it is subdivided into a great number of different branches, each of which affords occupation to a peculiar tribe or class of philosophers; and this subdivision of employment in philosophy, as well as in every other business, improve dexterity, and saves time

universal opulence which extends itself to the lowest ranks of the people

It is the great multiplication of the productions of all the different arts, in consequence of the division of labour, which occasions, in a well-governed society, that universal opulence which extends itself to the lowest ranks of the people. Every workman has a great quantity of his own work to dispose of beyond what he himself has occasion for; and every other workman being exactly in the same situation, he is enabled to exchange a great quantity of his own goods for a great quantity or, what comes to the same thing, for the price of a great quantity of theirs. He supplies them abundantly with what they have occasion for, and they accommodate him as amply with what he has occasion for, and a general plenty diffuses itself through all the different ranks of the society.

voluntary cooperation at work - adam smith

Were we to examine, in the same manner, all the different parts of his dress and household furniture, the coarse linen shirt which he wears next his skin, the shoes which cover his feet, the bed which he lies on, and all the different parts which compose it, the kitchen-grate at which he prepares his victuals, the coals which he makes use of for that purpose, dug from the bowels of the earth, and brought to him, perhaps, by a long sea and a long land-carriage, all the other utensils of his kitchen, all the furniture of his table, the knives and forks, the earthen or pewter plates upon which he serves up and divides his victuals, the different hands employed in preparing his bread and his beer, the glass window which lets in the heat and the light, and keeps out the wind and the rain, with all the knowledge and art requisite for preparing that beautiful and happy invention, without which these northern parts of the world could scarce have afforded a very comfortable habitation, together with the tools of all the different workmen employed in producing those different conveniencies



What a variety of labour, too, is necessary in order to produce the tools of the meanest of those workmen! To say nothing of such complicated machines as the ship of the sailor, the mill of the fuller, or even the loom of the weaver, let us consider only what a variety of labour is requisite in order to form that very simple machine, the shears with which the shepherd clips the wool. The miner, the builder of the furnace for smelting the ore the feller of the timber, the burner of the charcoal to be made use of in the smelting-house, the brickmaker, the bricklayer, the workmen who attend the furnace, the millwright, the forger, the smith, must all of them join their different arts in order to produce them.


Observe the accommodation of the most common artificer or daylabourer in a civilized and thriving country, and you will perceive that the number of people, of whose industry a part, though but a small part, has been employed in procuring him this accommodation, exceeds all computation. The woollen coat, for example, which covers the day-labourer, as coarse and rough as it may appear, is the produce of the joint labour of a great multitude of workmen. The shepherd, the sorter of the wool, the wool-comber or carder, the dyer, the scribbler, the spinner, the weaver, the fuller, the dresser, with many others, must all join their different arts in order to complete even this homely production. How many merchants and carriers, besides, must have been employed in transporting the materials from some of those workmen to others who often live in a very distant part of the country? How much commerce and navigation in particular, how many ship-builders, sailors, sail-makers, rope-makers, must have been employed in order to bring together the different drugs made use of by the dyer, which often come from the remotest corners of the world?

opulence is relative- adam smith

Compared, indeed, with the more extravagant luxury of the great, his accommodation must no doubt appear extremely simple and easy; and yet it may be true, perhaps, that the accommodation of an European prince does not always so much exceed that of an industrious and frugal peasant, as the accommodation of the latter exceeds that of many an African king, the absolute masters of the lives and liberties of ten thousand naked savages

propensity of exchange - adam smith

“Whether this propensity be one of those original principles in human nature, of which no further account can be given, or whether, as seems more probable, it be the necessary consequence of the faculties of reason and speech, it belongs not to our present subject to inquire. It is common to all men, and to be found in no other race of animals, which seem to know neither this nor any other species of contracts. Two greyhounds, in running down the same hare, have sometimes the appearance of acting in some sort of concert. Each turns her towards his companion, or endeavours to intercept her when his companion turns her towards himself. This, however, is not the effect of any contract, but of the accidental concurrence of their passions in the same object at that particular time. Nobody ever saw a dog make a fair and deliberate exchange of one bone for another with another dog. Nobody ever saw one animal, by its gestures and natural cries signify to another, this is mine, that yours; I am willing to give this for that

division of labour - adam smith

pure gold :)

This division of labour, from which so many advantages are derived, is not originally the effect of any human wisdom, which foresees and intends that general opulence to which it gives occasion. It is the necessary, though very slow and gradual, consequence of a certain propensity in human nature, which has in view no such extensive utility; the propensity to truck, barter, and exchange one thing for another

Trust comes before exchange

act of initiation of trust comes before the other party trusts you

the future is in your making

create the future you want to make

everybody is dying to get new customers,but

My experience tells me that the new business comes from your old loyal customers sharing their experience with new customers and, in some cases, dragging them to your doorstep because your old customers love you.


I see a lot of platforms trying to pitch to businesses that they can provide new customers, but my contrarian thought is that the old customers are the gold mine that has to be milked to get new customers by providing the brilliant experience of product or services.


So, customer loyalty management will be a much bigger market in every verticle then customer discovery market.

Hence, I should look for customer loyalty markets and try to be a dominant player in them.

think :)


acquire knowledge, apply knowledge

The hardest part was not finding the answer

The hardest part was finding right question worth answering

money has never been a big part of my life

Soon it will change.

Innovate or die.

it is that simple

gary vee

There are only two things that will convince
consumers to pay more for something when they
could pay less. One is convenience, and the other is
an outstanding customer experience

Your anxiety doesn't come from thinking about the future, it comes from trying to control it.

wah wah

all businesses are going to be relationship businesses

The 21st century belongs to the most connected businesses. Those who do not adapt will suffer.

This is my learning.

Being close to your customer is not a good thing to the business, it is the most important thing to the business.

A good way to understand this will be to read "thank you economy by gary vanurchuk".


acquire knowledge, apply knowledge

In 21st century, you are less than 3 clicks away from every human being on the planet

but nobody seems to use this knowledge properly

the decision taken in 2009 (make correction before social platform posting)

One thing I will never have to do, on my death bed, would be - regret.

If I just keep walking on the path that I have chose. Its  is difficult as hell, but when I look back it is the most rewarding experience of my life.

And my boy, just let me make it happen.

Then, the decision taken in 2009(9 years in making), I will have proven that I was right.


acquire knowledge, apply knowledge.

Reciprocity principle - Every Sunday , first thing that I should do is to share some piece of knowledge with all the people I want to be in touch for building trust

It's a simple gesture that keeps the virtual link with all the nodes involved.

Technology allows that ,this is what the future of connected generation look like

Dunbar number will be proven wrong

I think, if utilized properly, I can be in touch with million s of people and share my knowledge

Which in the long run builds trust

Whatever doesn't kill you, makes you stronger

Keep learning , keep growing

Acquite knowledge, apply knowledge - 21 st century adaptation

It's not the fastest,its not the strongest and it is not the strongest that wins in the survival game called evolution.

It is the one who adapts to the condition , quickest then anyone else.

I think there is a big similarity between evolution and business

Ask kodak
Ask canon
Ask Nokia
Ask Walmart

21st century adaptation is acquiring knowledge and applying knowledge

Business means business

Money does not have emotion

create a brand and build empire around it

protect the brand with more power, than you protect your physical being.


In the long run ( "yeh teri hasti mit jayegi par,naam reh jayega")

Choose to do things that have compounding rate of return

One of my biggest business related learning

my idea of Success

if I get to do these things until the end of my life-

1) do what I want to do, always (acquire knowledge, apply knowledge)
2) meditate after every 3 hours, for as long as I want

every major human sin that has been committed in the history had been sold as something good for the masses - it is not

be wary of the leaders who use their influence and psychological power to help you dig your own grave under the name of "beneficial for the masses". While, actually, it is good only for the leader itself and a  few of its close friends.


The hypocrisy is apparent, first create the problem and then pose yourself as the only force to make it right.

Oh, poor humans !!

Save yourself from such leaders.

acquire knowledge, apply knowledge

I have dreams , but i lacked sincerity to achieve those dreams but no more

There is no short cut

the biggest change that made sense

today, I got the biggest reward for customer handling skill. The feedback resonated deep in my understanding. there should be multiple cards of the same entity, it will increase the value of purchase ( intended not to be understood)

i hated all retailers from a business partnership point of view, but I was wrong

Just help them understand that you will help them make money, they will go out of their way to make things happen for your product or service......


thank you retailers

acquire knowledge, apply knowledge

Long-term business interaction creates harmony and spread peace among players of the business game :)

trust is the germ of business growth..... will work on it... how to create the most trusted company in the 21st century


I think this will be an asset in the 21st century.

if the head of the company is not focused on selling - its fatal

I did this mistake

Learnt from it.

What are things that people are interested in knowing

The most important thing is what you do ?

Posterity will judge you on the basis of this question

you can't hate someone who cares for you

you can't hate someone who is caring for you and is close to you.


The problem is with human brain wiring.

nobody has washed a rented car

mind that

power law,self interest and compounding return

three mathematical curves to live by.

It took a lot of pain to finally come to these simple truths.

the hard part was not finding them, the hard part was neglecting all other mathematical curves and believing that these curves will give the best return for me, in the long run without having enough data to believe completely.


there are many competing mathematical curves that could have given good enough outcome, but I did not want good enough. I want to be the best in business decision making based on seemingly obvious but not apparently intuitive curves.

I remember i had done something similar before leaving for Kota for my engineering preparation.



I chose to believe and iterate my stand as time moves and I gather more data.

acquire knowledge, apply knowledge.

cheers to compounding return policy

monopoly supports it.

the basics of creating monopoly are same, irrespective of the sector of business.


Just learn making monopoly once, and reap the benefit of this knowledge until the end of your time........... now that's cool

compounding return example 1 - coding

I have been dropped in a situation where I have to code something, the thing is.... it has been two years since I have done any sort of coding.

But when I started doing it, it does not feel alien. It felt like coming home, coming back to the world of certainty.......


I know, the more I will code the better  I will feel and the work quality will improve as well....this is a perfect example of compounding return...

something, that was done a couple of years can help you till eternity and it keeps improving its quality over period.


compounding indeed :)

truth and ujjwal come again and again

I had this cheesy line, I would use it all the time with my friends and we will all make fun of it. But, as time went... I realized that truth does resurrect again and again. You can't fight it, the only thing you can do is to accept it and you will win.

So, this mathematical curve of following things that have compounding return has been coming to haunt me for some time.


As if, I have been looking for it and now I see its application everywhere.

question is, once I know this simple truth, can I control my attention and force it only on those things that have compounding rate of return.


I think I don't have a choice but to adapt to this level of decision making. This will make me powerful and weird , simultaneously.



acquire knowledge, apply knowledge.

it is not how hard you work, but rather which naturally occurring mathematical curve chosen by you for your life story - Mine is compounding

I only want to do things that have compounding rate of return.

No matter how ridiculously small it looks in the beginning but I know the result of compounding return over time is magical.

eg - learning has a compounding return


It is not how hard you work but rather which naturally occurring mathematical curve is chosen by you for your life.

Look for compounding return and make it happen, everything is else is useless for my life.


relationships has a compounding return



there is only one question to decide whether to do an activity or not, does it give compounding return?


be strict with your attention, put your attention to activities that have compounding returns only.

its so hard to be honest with yourself

be honest to yourself

all answers are wrong

enjoy the process of learning the truth, the answer.

chief shit handling officer should be a title as well

that is what it feels like to run a company.

The most mind boggling question if them all

Why is there anything ?

This has fucked my brain since so long, it still messes my head

Corel draw done

Keep smiling

hypothesis - nothing can change your belief about anything other than you yourself updating it.

there is no power in the world that can make you change your belief about anything other than you yourself updating it

None of these has any power over your belief:

1. no friends
2. no family
3. no supernatural element
4. no teacher
5. no lover
6. no book

the only thing that can make you change your belief is the data that counter your stand and you have the humility to accept and change your position about it.

I learnt this thing pretty early in my life.

acquire knowledge, apply knowledge

you require these , in exactly this sequence

I have made a lot of mistakes not practicing this philosophy:

1. product-market fit ( first act of the startup and usually the second hardest thing) 
2. distribution- (second act and usually the most difficult thing ----- if you don't have product-market fit, you do not require distribution)
3. finance - ( if you do not have distribution or if you can not prove that your distribution model is scalable, you will not require a lot of finance )
4. people - ( if you get the first three things, people will be begging you to allow them on your boat)

test it, and if I turn out to be wrong, then let me know.  I will update my understanding.

acquire knowledge, apply knowledge

cathy siera and feynman - both taught the same thing to me

that teaching is the best form of marketing in the world and the student will find you, just keep sharing what you know.


thank you

thank you feynman for teaching me how to learn

learn something, as if you are teaching it to someone else. Find holes in your understanding and repeat, sooner or later you will get to the lowest meta of understanding that abstraction.

Child metaphor for your startup

Really useful way to visualize what you should be focusing on at any point in time

Think over it

Amazon.com first iteration

Don't be afraid of your first iteration not being good enough , just put it out and keep iterating

Acquire knowledge , apply knowledge

pain is transient

pain is transient, but the change you get to make in the world after having been through the pain will be permanent.


it pays to have a high pain threshold, no change in life comes easy.


acquire knowledge, apply knowledge

only the paranoid survive

I'm often credited with the motto, "only the paranoid survive".

I have no idea when I first said this, but the fact remains that, when it comes to business, I believe in the value of paranoia. Busines success contains the deed of its own destruction. The more successful you are, the more people want a chunk of your business and then another chunk and then another until there is nothing left. I believe that the prime responsibility of a manager is to guard constantly against other people's attacks and to inculcate this guardian attitude in the people under his or her management.


Having both been affected by strategic inflection points and having caused them, I can safely say that the former is tougher.

Fundamental truth about humans

They have this deep urge to be even.

So , if someone does something for you...you can not help but do simile things to them

Apply that in terms of helping as many people in making money , you will be helped back and it will compound over time .

That is what I was searching , simple truth

Help others make money, you will make money :)

the more accurate your schema, the easier it will be to make it happen.

if you don't know where you are going, any road will take you there.

chinese proverb


so have the schema, then act, then measure, then iterate schema..... repeat


acquire knowledge, apply knowledge
get up and try

iterative schema is required for making complex thing into existence

such a basic engineering tool, why the fuck I was not using it in entrepreneurial efforts.

Now that I know the right plan, I should have the entrepreneurial equivalent of engineering drawing to make things happen. It will give nuts and bolts to improve performance over the time period.

People are intuitively loyal and devoted to money meta

All other instances are just manifestation of this highest meta.

Whenever money flow changes , people change.

If you control money generation and money flow, you direct humanity

People have loyalty towards money

Use this knowledge

Another mathematical curve

People have infinite affinity towards money

design systems where this affinity gets fulfilled

Acquire knowledge, apply knowledge

get up and try again

you will not stop until you will not stop

I have failed , again and again but

 I have never been defeated


failure is a stepping stone

defeat is permanent



keep failing, keep learning, get up and try again

promise 1 - acquire knowledge and apply knowledge

keep walking

promise 2 - I will only focus on things where I can make monopoly

if I will have to let go of a few opportunities in order to stay on the mathematical curve or path I have chosen so be it.

it is a conscious choice, chose the one where I can make a monopoly.

reciprocity is the basis for voluntary cooperation

thanks vinod khosla

the brutal truth is far better than hypocritical politeness

i got a lot of evidence about the power of reciprocity

use this knowledge to create a world that you want to create



acquire knowledge, apply knowledge

mother , i love you

the trust will be reciprocated with trust :)

Monopoly+ reciprocity + voluntary cooperation = a billion dollar ?

Need to experiment .