Most businesses are not built on big, audacious goals and moonshot projects. Instead, they are built on a simple idea, an attempt to fix a problem, and a tireless effort to improve the value they deliver and a constant self-reminder to keep doing that and just that. Savil Lavigna, the founder of Gumroad, recently tweeted that “people are spending years looking for shortcuts.”. And, indeed, many businesses have …
Move slow to move fast
People spend years looking for a shortcut- Sahil Lavingia Focusing on growth and achieving big results in a short period of time is the natural state for most entrepreneurs; it’s the goal that they pursue. However, time moves fast, and the power of accumulation also applies to business strategy and development. Something that I have struggled with, but am starting to realise and learn, is that you have to force …
Confirmation bias - this is why you make bad decisions
In this post, I will explain a psychological pattern. A pattern that, when I realised how it was affecting me, changed how I operate in business, in my relationships, and in life in general. This pattern is called confirmation bias. I honestly believe that it is one of the biggest factors in determining whether you reach your goals — and whether a business sinks or swims. Have you ever wondered which …
The $50million flywheel
I felt like quitting, but someone stopped me. Since then we did 10x growth. I am closing my first 10 years of building online businesses. I have spent seven of those years building up TrueStory, which is now a profitable business, crossing $10 million in revenue, +120.000 customers and with the privilege of gathering a great group of more than 20 people, working together every day on the …
The business principle 101 that accelerated our growth
It took us five years to sell the first 50.000 experiences, which I wrote a post about in 2017. It took us 18 months to reach an additional 50.000 transactions In late 2017 I delivered a plan to my business partner and chairman. A plan that essentially meant: That we would kill off all projects that did not contribute 100% to our core business.That we would say goodbye to good colleagues.That the …
One e-commerce metric to rule them all
I am betting your mind is already deep down in your favourite web analytics tool, guessing whether it’s bounce rate, conversion rate or maybe product list click-through rate that I am about to announce as the one, overall winner. Get your head right up and forget all about the metrics you normally hear the experts preach about. I have worked with e-commerce for seven years, both as a consultant, an owner and as …
WHAT I LEARNED FROM SELLING 50,000 EXPERIENCES ONLINE
Five years ago, our platform went live. A silent launch, nothing extraordinary, just a two-man army ready to conquer the online market for experiences and activities. Since then, we have sold 50,000 experiences. In 2018 we expect to sell the next 50,000... In this post, I want to share with you the most important learnings from the last five years. Let me try to set the scene as a …
Er målet 1 million eller 100 millioner? (Danish)
Tre år senere gik det op for mig, hvor jeg havde fejlet. Det sker ikke igen. I 2009 boede jeg i Sydney. Jeg arbejdede 4 timer dagligt hjemmefra, fra stranden eller fra et tilfældigt hostel og tjente 20.000 kroner månedligt på et par forskellige websites. Jeg var 19 år gammel og havde fundet ud af, at jeg forstod mig på online forretning. Og så skete der noget negativt: Jeg blev tilfreds og måske endda lidt …