Make Mistakes Faster.

There Is At Least One Point In The History Of Any Company When You Have To Change Dramatically To Rise To The Next Level Of Performance. Miss That Moment - And You Start To Decline.

I Think It Is Very Important For You To Do Two Things: Act On Your Temporary Conviction As If It Was A Real Conviction; And When You Realize That You Are Wrong, Correct Course Very Quickly.

Detect And Fix Any Problem In A Production Process At The Lowest Stage Possible.

The Internet Doesn't Change Everything. It Doesn't Change Supply And Demand. It Doesn't Magically Allow You To Build Businesses By Turning Investors' Money Into Operating Expenses Indefinitely. The Money Always Runs Out Eventually.. The Internet Doesn't Change That, As We Have Seen.

How Well We Communicate Is Determined Not By How Well We Say Things But How Well We Are Understood.