Startup Sales Strategies From Peter Thiel

Startup Sales Strategies From Peter Thiel

If your product sells itself, do you really need to market it? How do you know which sales method is right for your business? Peter Thiel argues that, as you develop a product, you must also develop a plan to get that product to customers. You could have the best product in the world, but your company will fail if you don’t have the right sales and distribution strategy. He discusses four sales methods and helps you know which one is the best fit for you. Keep reading for Thiel’s advice on startup sales strategies.

How to Scale a Business: 7 Parts of the Growth Process

How to Scale a Business: 7 Parts of the Growth Process

Once your business is up and running, what should you do to keep it growing? How do you balance steady growth with aggressive growth? How can you stay alert to challenges? In his book Your Next Five Moves, Patrick Bet-David discusses seven steps in the business growth process. He explains how you should raise funds, find ways to grow both steadily and aggressively, press employees to grow along with the company, build and maintain momentum, track your growth using metrics, put your knowledge down on paper for posterity, and stay alert as you grow. Read more to learn how to

Building a Positive Workplace Culture: Why It Matters

Building a Positive Workplace Culture: Why It Matters

How would you describe your company’s culture? How well do employees know—and embrace—the company’s values? Once you’ve hired the right people and incentivized them to stay, building a positive workplace culture is your next step. This is the view of Patrick Bet-David, who argues that culture is critical because employees must identify with the company and its values if they’re going to put in their best effort. Read more to learn about the importance of shaping your company’s culture.

Starting a Tech Company That Makes a Difference

Starting a Tech Company That Makes a Difference

What is the key to tech startup success? What are the key elements a tech startup needs to make a difference? Peter Thiel believes that startups are the way to the future. It’s these new companies that will unleash new technologies we need to progress as a society. In his book Zero to One, Thiel shares five elements that a startup business must have if it wants to make this kind of impact: revolutionary technology, strategic timing, a great team, effective distribution, and enduring value. Continue reading for Thiel’s insights on starting a tech company that makes a difference.

How to Hire the Right People—and Keep Them

How to Hire the Right People—and Keep Them

How do you get the right employees on board? How do you keep them around for the long haul? Part of long-term business success is assembling a winning team. In his discussion of how to hire the right people and keep them, Patrick Bet-David argues that you shouldn’t rely on your gut feelings and that you must provide attractive offers with follow-through. Keep reading for more on Bet-David’s hiring and retention strategies.

Business Problem-Solving: 3 Steps to a Solution

Business Problem-Solving: 3 Steps to a Solution

When you encounter a problem in your business, what do you do? Do you have a process to solve it? Entrepreneur Patrick Bet-David argues that effective business problem-solving must be part of your strategy for long-term success. He outlines three steps to get to a solution: take ownership of the problem, identify the core problem, and solve the problem with cost-benefit analysis. Keep reading to get a handle on these three steps.

How to Know Yourself Better: 3 Steps to Self-Discovery

How to Know Yourself Better: 3 Steps to Self-Discovery

How well do you know yourself? If you understood yourself better, how would your long-term success be affected? In his book Your Next Five Moves, Patrick Bet-David outlines five steps toward enduring success. He believes that the first step of your strategic plan is to understand yourself. Bet-David identifies three steps in this self-discovery process: understand who you are now, understand who you want to be in the future, and understand how to get there. His principles can easily be applied to life in general. Continue for details on how to know yourself better.

What Is Price-Fixing? The General Electric Case

What Is Price-Fixing? The General Electric Case

What is price-fixing? Can it be successful? What companies have engaged in it? Price-fixing happens when companies collude to increase their profits by agreeing on a price instead of competing for contracts. Despite the clearly stated laws prohibiting price-fixing, in 1961, 29 companies in the electrical manufacturing industry—most notably General Electric (GE)—were found guilty of repeatedly engaging in the practice for years. Continue reading to learn more about price-fixing and this historic case.

Jordan Peterson’s 12 Rules for Life: An Introduction

Jordan Peterson’s 12 Rules for Life: An Introduction

What’s Jordan Peterson’s 12 Rules for Life about? What is the key message to take away from the book? In 12 Rules for Life, Peterson argues that there’s a right and wrong way to conduct your life. He rejects the ambiguity of moral relativism—the idea that good and evil are subjective opinions and that every belief has its own truth. Moral relativism tolerates all ideas to avoid being “judgmental” and prevents adults from telling young people how to live. It also rejects thousands of years of development of virtue and how to live properly. Keep reading for the key tenets