4 docs tagged with "wealth"

Depth: The things that can be produced in a unit of time; Breadth: The expansion or innovation of the market's geographical scope across regions and countries, creating new industries such as consumer goods, industrial varieties, and spatial expansion; Length: Time dimension - financial securities.

How to get rich without getting lucky? Naval Ravikant summarized a few tips for you. Seek wealth instead of money or status. Understand that ethical wealth creation is possible. Ignore people playing status games. You’re not going to get rich renting out your time. You must own equity.

How to break free from the trap of being busy and poor: drive yourself to do important things; conserve cognitive bandwidth; start acting when resources and bandwidth are abundant, applying cognitive bandwidth to what truly matters; transform fragmented but necessary reminders into one-time actions; maintain slack to handle unforeseen events; plan tasks reasonably and proceed in stages.

There are three types of competitive strategies: Cost Leadership Strategy - having lower costs than competitors; Differentiation Strategy - highlighting the differences between your products and those of competitors; Focus Strategy - providing specific services to a particular group of customers.