Extraction or generation

Image for article 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.

Must read Articles