The Art of Admitting Defeat

The most important thing is to admit defeat. How can you improve if you refuse to admit it? It's unlikely that you'll improve without first realizing that your behavior is wrong and stupid. #ReadingNotes#

Marketing’s contribution during the growth stage should be 30%

If the ratio isn't met, the company is likely losing its growth momentum; if it's exceeded but growth still isn't impressive, it suggests the product or service fails to retain users—existing customers are constantly churning, and sustaining performance relies too heavily on acquiring new ones.

When Startups Try Derivative Businesses

Whether you’re a mature company or a startup, tackling new ventures demands two things: think through feasibility upfront—at least to 50%—before diving in, and when you do commit, go all in. Once you’ve drawn the bow, there’s no turning back; aim for success. Think about a skilled gambler at the tables: does he toss in one or two chips at a time, or does he push a whole stack forward?

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