When making decisions, it’s essential to know what not to do. That way, you can do the opposite. And be right.
DO THE FOLLOWING THINGS IF YOU WANT TO FAIL.
Listen to CEOs/big corporate execs: They may be smart, but that doesn’t mean they’re smart about what’s emerging.
„The subscription model of buying music is bankrupt. I think you could make the Second Coming in a subscription model available, and it might not be successful.“
Ignore your competitors: Keep your friends close but your enemies closer, right?
Knowing your competition’s business relationships allows you to predict what they’re going to do next accurately. In 2022, CB Insights knew that one of Walmart’s primary focus areas was faster delivery.
How did they know this? Because in 2021, half of its investments were autonomous delivery companies
Simple Google surfing: According to New York Magazine, over 40% of the internet is fake.
And even when you land on data you believe you can trust, the chance of it being tailored to your specific needs is extraordinarily slim.
Reach out awkwardly: Do not reach out to a company as a stranger.
It’s better when a mutual party introduces you, and that’s what IntMeDA - International Medical Devices Distributors Accelerator is all about.
Want to see the complete CB Insights guide on HOW TO FAIL? Click on this link to download the study: