” I always say the more problems you have, the more opportunities you have. “
” I tell people: walk around for one month and write down three problems in your life every day. At first it’s easy – you got stuck in traffic, you missed your alarm – but by the end of the month you’re looking really hard to get your 90 problems. The most common things on your list are now billion-dollar businesses. “
” You don’t need to be an engineer or a tech person to benefit from technology. You can hire them. “
” Instead of focusing the traditional planning cycles where companies benchmark their businesses against existing competition, teams need to be developed to foster internal change and disruption. Self-disruption is akin to undergoing major surgery, but you are the one holding the scalpel. “
” In order to protect against being disrupted, startups also need to recruit employees that are committed to life-long learning. The skills that made your team members valuable may not be the skills needed to take your company to the next level or to compete in emerging markets. “
” Valuations are actually quite simple to grasp. A company is only worth what two acquirers are willing to pay for it. Don’t you just need to find that one buyer? If there is only one potential company interested in buying your startup, chances are you won’t be hearing the word ‘billion’ in the offer. “
” There is a huge difference between failing and failure. Failing is trying something that you learn doesn’t work. Failure is throwing in the towel and giving up. True success comes from failing repeatedly and as quickly as possible, before your cash or your willpower runs out. “
” Every new startup business creates new opportunities. It doesn’t matter whether you have a new app for college students or a home medical device for senior citizens, there are other multibillion noncompetitive corporations that are spending millions of dollars trying to market their goods and services to your same audience. “
” Your innovation can create new winners and losers, or at the very least, make existing companies look fresh and innovative by partnering with you. Everyone wants to align with market makers. “
” Many first-time founders fail to understand the difference between the potential of the Total Addressable Market (TAM) and the very finite subsection they can hope to capture. No company ever captures the entire market they pioneer. Innovation doesn’t happen in a vacuum, and others will jump in from the moment you’ve identified the potential. “
” Never expect that your startup can cover every aspect of the market. The key is knowing what segment will respond to your unique offering. Who your product appeals to is just as important as the product itself. “
All 11 Jay Samit Quotes about You in picture
Topics: You quotes