1) Build "profi-cons", not unicorns, since bootstrapped companies being scaled with a promoter's money and yet being profitable are a rare sight.
2) Monetization takes a different route based on the nature of the market. In the west, markets are deeper and single products are scalable, while n the east, you scale your user with bundled products, and then build from there.
3) Platforms are very valuable but very hard to build. most people believe they are building platforms and marketplaces, but what they are actually building is a product.
4) Every time you give a user a choice, you also open up the possibility of the user dropping off. Maintaining user autonomy, while nudging them towards what you want them to do is the goal of product architecture.
5) Before you say "yeh chalta nahi hain", ask yourself, "nudge kiya kya?". Due data diligence is non-negotiable while deciding the value of your asset and it's monetization capability.
6) Deciding what to build is significantly more important than writing code to execute it, and the onus is on the product manager to ask those right questions while making product decisions.
7) Be smart about build vs buy. A lot of innovation can stem from intelligent and strategic acquisitions, not just the arrogant process of trying to re-invent the wheel with every feature.
8) Every feature you build is a micro-market, and having the vision to figure that out is a core skill of successful product managers. Leverage your talent, data and capital to build features that can dominate those micro-markets.
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1) Agility and adaptation in organizations are always muddled with short term pain, but it must be done nonetheless. Make peace with it.
2) Creating a full-stack suite of products entails the risk of being perceived differently by different people, often skewed to one end of the spectrum. Accept it, and mould it in your favour by delivering beyond expectations.
3) Processes are limited by nothing other than your own imagination. When forced by constraints, if the team at Zilingo can handle supply-chain management via remote teams, what's your excuse?
1) Product management stems out of a process to solve a problem, and then converting that process into a repeatable system that can scale.
2) While building a product, start by understanding the bare-minimum work-flow of the process first. As you scale up, they’ll be a gap to fill, and then you build a product to fill that gap
3) @nikhilkamathcio believes that you must keep a 2-way communication open while the product is being built, to ensure that the Beta users are giving real0time feedback that can mould the final product.
1) All religions started as a solution to a problem of lack of unity, but eventually people's interpretations converted it into a problem for the solution of peace.
2) Everyone, including atheists has something as their "God value", and the newest God value is The Algorithm, especially for content creators.
3) The future of jobs is very different from what we were prepared for in school. Content and creativity will become hygiene factors for businesses.
1) Changing the world starts with a desire to prove to the world what you can do, but eventually becomes much larger than that. When you realize your true potential, it’s your responsibility to deliver that.
2) Work-life balance is not something to be optimised for. It’s far more effective to work on work-life harmony, where both fuel each other, rather than sacrifice the limited time.
3) Most people make the mistakes of getting stuck in the “build trap”. It’s more important to focus on figuring on what to build, and then measure what you build.
1) Don't run away from suffering. Choose to enter it, study it and learn about why it exists. Pain and failures hold all.the secrets to life that you're looking for.
2) Your mind has the ultimate tactical advantage over you. It's built to keep you safe and uncomfortable, but because of its over protective nature, it limits growth.
3) The most important control is the control you have on your mind. Controlling what your mind focuses on is massive leverage in a world filled with puppets controlled by their minds.
1) Livestreams add an incentive to control the audience that makes it feel raw and community-oriented. It creates massive leverage in engagement.
2) Context switching is a core skill for entrepreneurs and creators alike. Whether its operations in a startup, to mindsets and personas of difference platforms, you got to be able to make that switch.
3) There's no alternative to understanding your audience on every platform. Find out what they care about, and then find your voice that resonates with what they really want and need to listen to.