WhenHub Hackathon – An Example of Systems over Goals

Regular readers of this blog know that I wrote a book about the benefits of systems versus goals. You also might know that I cofounded a startup (WhenHub [archived]) using a systems business model approach. I’ll use this blog to keep you updated on how that works out compared to the traditional goal-oriented business model that almost…

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Knowledge as a Financial Asset

If someone offered you $100,000 to take a class for a few weeks, would you do it? I believe most of you would, assuming there is nothing terrible about the class itself. But if I change the offer to say you have a 30% chance of making $100,000, would you…

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The “Systems” Business Model

A typical start-up created by an inexperienced entrepreneur has about a 10% chance of success. But if that same entrepreneur pivots, or starts a second company, the odds of the next venture succeeding jumps to about 20%. And that makes sense because you learn a lot during your first failure,…

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When Ideas Win

I love watching a good idea kill a bad idea. It doesn’t happen often. The more typical situation is that people have opinions, those opinions are resistant to data, and everything stays the same until you die. But sometimes a new idea is just so obviously better than competing ideas…

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