Akimbo: A Podcast From Seth Godin: The invisible hand of business models
Update: 2020-03-23
Description
Podcast Notes Key Takeaways
- Your past doesn’t define you–What happened in your past did happen, but you don’t have to lead with it
- Instead, start your narrative with positive attributes about yourself or by sharing things you’ve accomplished in life
- Every institution has a business model, even non-profits : To find out what it is, follow the money
- To better understand a company, look at the business model and the system behind it:
- In a fast-food restaurant, the system behind the business model is a game of volume: People place their own orders, pick up their food, and leave quickly
- In a high-end restaurant, the system is low volume but high margins: People stay at the establishment for a while and want an enjoyable dining experience
- In a ghost-restaurant, the system has no storefront, just delivery: The restaurant saves a ton of overhead by not having a storefront and customers love it because they get food delivered to them
- In social media companies, users often aren’t the customer, they’re the product: Companies such as Facebook and Twitter sell your personal information to advertisers
Read the full notes @ podcastnotes.org
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