Disruption is always easy to spot in hindsight. How did paying one million dollars for a taxi medallion make sense as a mechanism to facilitate public taxi service?
File:CALIFORNIA, SAN FRANCISCO 1996 -TAXI MEDALLION SUPPLEMENTAL LICENSEPLATE - Flickr - woody1778a.jpg
What were the problems that companies like Lyft and Uber solved?
Lower price Push vs. Pull (Driver comes to you) Predictable service Habit building feedback loop Async by design Digital vs analog Non-linear workflow Current State of Higher Education That Will Be Disrupted A similar disruption is underway with education.
We live in a new era. It is possible to start a business with a laptop and an internet connection. As a long time consultant and entrepreneur, I have come up with a framework that works for me. When evaluating who to work with and what project to work on, I think of PPEAR or “pear”.
R(Rule of 25%)
Passive Does this action lead to passive income: books, products, investments?