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there are five essentials for victory:

(I) He will win who knows when to fight and when not to fight
(2) He will win who knows how to handle both superior and inferior forces
(3) He will win whose army is animated by the same spirit throughout all its ranks
(4) He will win who, prepared himself, waits to take the enemy unprepared
(5) He will win who has military capacity and is not interfered with by the sovereign

I don't want this to finish!

This is so much fun!

Market and industry attractiveness at macro and micro level are 4 out of 7 main domains we must consider for the opportunity analysis.

Market attractiveness at macro level is determined by the:

-market size
-estimated growth rate in the next 5-10 years

Industry attractiveness at macro level is determined by:

-threat of entry
-supplier power
-buyer power
-threat of substitutes
-competitive rivalry

This book shows the difference between millionaires and billionaires.

It shows how to analyze a business idea based on market and industry attractiveness both at macro and micro level and much more.

Choosing which opportunity to pursue is the difference between millions and billions.

This book shows how to analyze opportunities before putting years of blood and sweat into one. It’s a gem for entrepreneurs.

The current Internet was built to connect machines and not humans. Therefore it lacks a native solution for identity management. Server-Centric solutions was built as a layer on top of the Web2. But it has many drawbacks. Every platform needs to implement its own identity management or relay on central 3rd parties like Facebook/Google.
User-Centric identity management solutions are one prime application of the Web3.

An engineer often think in terms of systems by default. A psychologist will think in terms of incentives. A business person might think in terms of opportunity cost and risk-reward. None of them, however, see the entire situation unless they are thinking in a multidisciplinary way. In short, they have blind spots. Removing Blindspots means thinking through the problem using different lenses or models.

Delegation is assigning the task to someone else—is effective for anything another person can do 80% as well as you can. In order to delegate, you must have someone to delegate to. Employees, contractors, or outsourcers.

Deferment is putting the task off until later—is effective for tasks that aren’t critical or time dependent. Don’t feel bad about putting somethings off;

There are only four ways to do something: completion, deletion, delegation, and deferment.

Completion is doing the task—is best for important tasks that only you can do particularly well.

Deletion is eliminating the task—is effective for anything that’s unimportant or unnecessary. If it’s not worth doing, don’t hesitate to get rid of it.

Allowable Acquisition Cost: is the marketing component of the Lifetime Value. The higher the Lifetime Value of your customers, the more you can spend to attract new customers.

To calculate your AAC follow these steps:

Start with your average customer’s Lifetime Value. Subtract your Value Stream costs. Finally, subtract your Overhead divided by your customer base (which represents your Fixed Costs).

Amortization is the process of spreading the cost of a resource investment over its estimated useful life. With this we can decide whether an investment in a resource will make financial sense.

Overhead is the minimun resources required for your business to continue operating.

This includes all the things you need to run your business every month, regardless of whether you sell anything: salaries, rent, utilities, equipment repairs, and so on.