Episode 392

Master and Commander of Your Own Ocean - S7 E59

Takeaways

  • You can have multiple blue oceans, but you need to own each one.
  • Establishing a strong square in your territory is crucial.
  • Continuous expansion is necessary to avoid stagnation.
  • Internal competition can drive innovation and new opportunities.
  • Once you find a blue ocean, strategize for the next one.

📖 Buy "Blue Ocean Strategy" by W. Chan Kim | Renee Mauborgne


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Chapter Markers:

00:00 - Exploring the Concept of Blue Oceans

02:52 - Establishing and Fortifying Your Blue Ocean

06:04 - The Importance of Continuous Expansion

09:04 - Maintaining Momentum and Identifying New Opportunities

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Travis Maus

Travis Maus is the Chief Executive Officer of S.E.E.D. Planning Group is a fee-only financial planning firm with over 30 employees and locations in New York and Tennessee.

He hosts Unleashing Leadership and co-hosts the award-winning Ditch the Suits Podcast. Ditch the Suits aim is to help listeners get the most from their money and lives.

He is passionate, unfiltered, and committed to building great businesses.