Chandan
@chandan
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Real wisdom comes from owning your mistakes. If you’re making big decisions without risking anything, you’re not really making decisions - you’re playing with other people’s lives.
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Decision-making without accountability leads to reckless choices. Whether in government, corporations or in personal lives, those making decisions must have skin in the game - otherwise, we all pay the price.
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It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong. -Dr. Thomas Sowell.
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"Laziness kills ambition.Anger kills wisdom.Fear kills dreams.Ego kills growth.Jealousy kills peace.Doubt kills confidence. Now read that right to left". -Author Unknown. Perspective matters. Here’s to choosing growth, confidence, peace, wisdom, ambition, and dreams—every day.
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10/ 🌟 “Short-term success is great, but don’t lose sight of your long-term vision.” Amazon started with books, but their vision was always to become the "everything store.".
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9/ 🔁 “Feedback loops are your best friend.“ Netflix constantly refines its recommendation engine based on user behavior, ensuring the platform stays relevant and engaging.
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8/ 🎯 “Master one core problem exceptionally well.“ Facebook began by simply connecting college students. By focusing on this, they laid the foundation for a global platform.
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7/ 🏆 “Know your competition inside and out.“ Understand why current solutions fall short and how you can do better. Uber disrupted the taxi industry by offering a more convenient, user-friendly service.
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6/ 🚫 “Avoid assumptions—let data guide you.“ Google Wave is a classic example of what happens when assumptions drive product development without validation.
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5/ 🔄 “Iterate, iterate, iterate.“ As you engage with customers, your understanding of the problem will evolve. Instagram started as a location-based app but pivoted to photo-sharing based on user feedback.
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4/ 💡 “Not all problems are worth solving.“ Ensure that the problem you're tackling has a large enough *market* and that people are willing to pay for your solution. Zoom capitalized on this by identifying a gap in the video conferencing market.
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3/ 🔍 “Before you dive into a solution, validate the problem.” Slack didn't just assume teams needed better communication—they tested and validated it before investing in development.
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2/ 🧠 “Your customer should be your compass.“ Always start with their needs. Engage with them early and often. Dropbox, for instance, began with just a simple video to see if people needed an easy way to share files across devices.
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1/ 🚀 Aspiring to build the next big startup? Before you jump into development, start by focusing on “the problem”. The most successful companies don’t just create - they solve. Take Airbnb, which began by addressing the issue of expensive hotels and limited lodging options.
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