The end of a year and the beginning of a new one triggers a mass reflection moment.
Not all reflection is productive though. If you spend a lot of time reflecting on the negatives, and very very long-term goals, your reflection will simply be a reflection (which is important too) without providing many breadcrumbs for immediate action.
When you focus your attention on an end-of-year reflection with a targeted goal of changing how 2021 will look like for you, your questions should become very specific with the intention of producing an action plan.
Here are 3 questions you should be asking in order to produce tangible movement on your business in 2021. …
When you left your 9–5 job, you did it so that you could build the business of your dreams and be your own boss. Now that the transition is complete and you’re pre or post year-one of your business, you’re not feeling as elated about the business as you envisioned. Instead, you’re either feeling super burnt out or bored.
When you’re in year one and hustling to prove that you can work full-time for yourself, you get caught up in cash flow and wrangling as much of it as possible. …
I read somewhere that Netflix’s biggest competitive threat isn’t other streaming platforms — it’s actually the video gaming industry and heavy hitters such as Fortnite.
The logic behind this insight is that Netflix’s most important success metric is “consumer screen time”. Under this metric, Netflix’s competitive analysis expands beyond streaming and includes appropriate competitors like Fortnite, Animal Crossing, and more.
I love this insight because it’s forward-thinking. It’s an approach that pulls Netflix out of the bias of its own industry and helps the company think through plausible time cannibalizers for its consumers.
It helps Netflix from falling into the demise that the music industry didn’t properly prepare themselves for — a shift away from CD sales to streaming. …