The Warren Buffett Way 2nd Edition.pdf

R G Hagstrom

Jeff Bezos didn’t win because Amazon was first.
He won because he was patient when others weren’t.

In the early years, Amazon:
• made no profits
• got mocked by Wall Street
• reinvested everything
• ignored short-term optics

Most founders today would panic.

Bezos understood one brutal rule of business: Short-term pain + long-term leverage beats short-term profits every time.

While competitors optimized for:
• quarterly profits
• stock price
• optics

Amazon optimized for:
• customer obsession
• infrastructure
• scale
• time

That’s why Amazon survived crashes that killed “profitable” companies.

Lesson:
If your business strategy needs fast validation to survive, it’s fragile.
Real businesses are built by people who can delay rewards longer than others.

Comment “LONG GAME” if you’re building for durability, not dopamine.

Another Day To start Your Youtube Journey & Earn Money🔥

Success is a choice by John C. Maxwell

❔ How to Identify a Profitable Business Niche

✈️ Finding a profitable niche is key to building a successful business. Here’s how to do it:

1. Assess Your Interests: Start with what you’re passionate about. Your business will be more sustainable if you enjoy the work.

💡Tip: Think about hobbies, skills, or areas of expertise you have.

2. Research Market Demand: Use tools like Google Trends or keyword research tools to identify what people are searching for.

Example: Look for gaps in the market that you can fill with your product or service.

3. Evaluate Competition: A niche with high competition may be harder to break into, while one with no competition could mean there’s no demand. Find a balance.

4. Identify Your Target Audience: Narrow down your audience to a specific demographic or interest group.

💡 Pro Tip: The more specific, the better!

5. Test Your Idea: Start small by offering a minimal version of your product or service to gauge interest before fully committing.