Why Some Find Comfort In The Red Ocean's Certain Death

Takeaways

• The entrepreneur mindset involves taking risks and being innovative.
• Every day in business involves some level of risk.
• Assessing longstanding assumptions is vital for growth.
• Red oceans are characterized by rigid boundaries and competition.
• Blue oceans represent new opportunities and innovation.
• Organizational change is necessary for adapting to new markets.
• Breaking down boundaries can attract diverse clients.
• Employees and customers should be treated with equal respect.
• The ethos of 'the customer is always right' can harm employee morale.
• Firing a client for inappropriate behavior is a necessary stance.

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

Sponsors

🌱 S.E.E.D. Planning Group - https://www.seedpg.com/

🎙️ Ditch The Suits Podcast - https://www.ditchthesuits.com/

💻 NQR Media - https://www.nqrmedia.com/

🎙️ Cut Throat College Planning Podcast - https://www.nqrmedia.com/ctcp/cut-throat-college-planning

🎓 College Prep Bootcamp - https://www.sohteam.org/college-prep-bootcamp

🎙️ One Big Thing Podcast - https://www.nqrmedia.com/one-big-thing

Chapter Markers:

00:00 - The Entrepreneur Mindset and Risk Taking

02:56 - Assessing Long-Term Assumptions

05:52 - Breaking Boundaries in Business

09:00 - The Balance of Customer and Employee Respect