Ep 62What Successful People Know That Most People Don't
Ep 62What killed Kodak wasn't the digital camera. It was Facebook.Jason Feifer
▶1:17
Career & earning · 1:17
What killed Kodak wasn't the digital camera. It was Facebook.
Kodak thought of itself as a company that makes camera film. What it should have done is thought of itself as being a company in the business of capturing your memories.
Jason Feifer
Ep 62Dec 6, 2023
What Successful People Know That Most People Don't
We are not attached to process, we're only attached to outcome. (a line he heard from Dwayne Johnson and his business partner Dany Garcia)
More moments · 6
Ep 62You know who doesn't buy wigs? People who walk in off the street.Jason Feifer
▶1:20
You know who doesn't buy wigs? People who walk in off the street.
Ep 62If my identity is my job title, I'm one phone call away from losing itJason Feifer
▶1:28
If my identity is my job title, I'm one phone call away from losing it
Ep 62Every fear of change is one of two kinds, and only one moves you forwardJason Feifer
▶1:23
Every fear of change is one of two kinds, and only one moves you forward
Ep 62People once feared bicycles would make women infertile or insaneJason Feifer
▶1:30
People once feared bicycles would make women infertile or insane
Ep 62Stop treating change as a commitment. Run it as an experiment.Jason Feifer
▶1:25
Stop treating change as a commitment. Run it as an experiment.
Ep 62How a snack brand should actually pitch a magazineJason Feifer
▶1:21
How a snack brand should actually pitch a magazine
Try this · top 3
Quotes
“The number one most important and most consistent trait is adaptability, without question.”
Jason Feifer
“Kodak thought of itself as a company that makes camera film. What it should have done is thought of itself as being a company in the business of capturing your memories.”
Jason Feifer
“If my identity is I'm a magazine editor, I'm one phone call away from losing my identity.”
Jason Feifer
“You don't run an experiment because you think it's going to work. You run an experiment to see if it works.”
Jason Feifer
“Resistance is for losers... If you want to win, you have to change.”
Jason Feifer
Takeaways
1 He defines an entrepreneur as anyone who makes things happen for themselves, including people inside companies.
2 Adaptability is the trait he sees most in successful people. It's a skill you can learn, not an inborn trait.
3 'If it's not broken, don't fix it' can be a trap. One theory holds that Facebook, by giving digital photos a real use, is what really finished Kodak's film business.
4 Tie your identity to the deeper skill behind your job (like pattern spotting or explaining), so a job loss doesn't feel like losing yourself.
5 People who feel stuck can build on what made them good at their current job instead of starting from scratch.
6 New inventions (the bicycle, the car, even the teddy bear) set off moral panics that didn't come true. People adapt, and the same will likely be true of AI.
7 Fear can push you backward (holding on) or forward (finding what's next). One founder used a COVID shutdown to test new income ideas she'd never had time for.
8 Experiments lower the stakes of change. In his wife's case, looking at job postings led her to think about starting a company.
9 Change before you must: Dogfish Head capped sales of its hit IPA at 50% to push its other beers, built an innovative brand and later sold to Boston Beer Company for about $200 million.
10 Whatever you do in 10 years will likely be related to today's work but different. Getting ahead of that builds resilience.