Extraction or generation
News Source : Seths.blog
News Summary
- Too often, we slip into the lazy mindset of extraction.
- Take a great brand and milk it as it fades from neglect.
- Stop reinvesting in assets because it’s cheaper in the short run to simply take profits.
- Coast on a hard-won reputation because it feels safer.
- Sometimes, extraction is our best option.
- But it probably pays to call it that to eliminate frustration and confusion.
- The model for a brand or a community or a movement is to relentlessly generate value, connection and possibility.
If you buy a coal mine, the business model is simple dig out as much coal as you can economically justify, then walk away.
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