Category: Learnings

Learnings

Should you do it as a subscription business?

Chris Labs

If you ask the business owner, yes! Of course! Who wouldn’t want that recurring revenue. But not all businesses should be made a subscription. Maybe your customers will tolerate it, but one day a competitor will come out with a traditional model, and your customers will flock to it. Here’s a great way to think about it: When your customer will receive their package on month 2, 3 and 6, will they think: “Omg another one of those! I really need to cancel this damn subscription”. Or will they think: “Awesome! It’s finally here.” and think “Right on time” in … Continue reading Should you do it as a subscription business?

Learnings

Willpower has limited battery life…

Chris Labs

But can be recharged with some downtime. It’s a limited but renewable resource. Because you have a limited supply, each act will create a win-lose scenario where winning in an immediate situation though willpower makes you more likely to lose later because you have less of it. -The One Thing, p.65 *I would add a caveat to that. When you do the right thing, the immediate reward can empower you to do the right thing again right away Continue reading Willpower has limited battery life…

Learnings

Success is about doing the right thing, not about doing everything right

Chris Labs

The fact of the matter is that aiming discipline at the right habits gives you license to be less disciplined in other areas. In fact, you can become successful with less discipline than oyu think, for one simple reason: success is about doing the right thing, not doing everything right. -The One Thing, p.55 Continue reading Success is about doing the right thing, not about doing everything right

Learnings

Multitasking is merely the opportunity to screw up more than one thing at a time

Chris Labs

When they “multitask,” they switch back and forth, alternating their attention until both tasks are done. People can actually do two or more things at once, such as walk and talk, or chew gum and read a map; but, like computers, what we can’t do is focus on two things at once. There is just so much brain capability at any one time. Divide it up as much as you want, but you’ll pay a price in time and effectiveness. Bounce between one activity and another and you lose time as your brain reorients to the new task. Those miliseconds … Continue reading Multitasking is merely the opportunity to screw up more than one thing at a time

Learnings

What’s the ONE thing you can do this week such that by doing it everything else would be easier or unnecessary?

Chris Labs

“Going small” is ignoring all the things you could do and doing what you should do. It’s recognizing that not all things matter equally and finding the things that matter most. It’s realizing that extraordinary results are directly determined by how narrow you can make your focus. -The One Thing, p.9 Continue reading What’s the ONE thing you can do this week such that by doing it everything else would be easier or unnecessary?

Learnings

What you work on and who you work with is far more important that how hard you work

Chris Labs

It’s pointless to work 15 hours per day… Instead, spend that time carefully monitoring what you spend your time on. It’s so easy to just do this one thing that brings low to zero value. But don’t Basically, you need to pick the right projects with unlimited upside. -Shaan Puri Continue reading What you work on and who you work with is far more important that how hard you work

Learnings

“If you have a 10% chance of a 100x return, you should take that bet every time even if it’s going to feel bad 9 out of 10 times.”

Chris Labs

If you want to improve something or develop something new, Ask yourself: What’s the best case scenario? If the best case scenario is 10-20% improvements… don’t work on this. It’s a waste of time (especially at your level). Aim for the big bets. -Jeff Bezos Continue reading “If you have a 10% chance of a 100x return, you should take that bet every time even if it’s going to feel bad 9 out of 10 times.”

Learnings

Case Study: Yeti Coolers Free Gift

Chris Labs

When you buy your product from Yeti (in this case, it was a Rambler bottle), there are no cards or indication that you should register your product. But when you go on the Yeti website, there is a tab called Product Registration. Here’s what it looked like as of Feb 28, 2022: By registering your product, they are offering you a free gift. I registered my bottle. Maybe 4 to 6 weeks later I received a basic brown envelop in the mail. Here’s what it looked like: Inside the envelop, there was this greeting card (shown below). And there was … Continue reading Case Study: Yeti Coolers Free Gift