324 - Unlocking Hidden Revenue & Discovering Breakthrough Opportunities (Pt. 1)

[6:05] Unlocking Hidden Revenue: Jay shares examples of car dealerships and driving schools finding untapped revenue streams by thinking differently about their assets and relationships.

[13:15] Revenue System Optimization: Discussing the importance of working on the geometry of your business and optimizing every aspect of your revenue system.

[15:00] Knowledge Asymmetry and Competitive Advantage: Jay explains how gaining a deep understanding of strategies and principles from other industries can give you an unparalleled edge over competitors.

[18:24] 2D vs. 3D Thinking: Contrasting the static, transactional mindset of 2D thinkers with the long-term, yield-focused approach of 3D thinkers.

[25:09] Funnel Vision vs. Tunnel Vision: Jay introduces the concept of funnel vision, emphasizing the importance of looking outside your industry for breakthroughs and avoiding the trap of simply following best practices.

[26:26] Borrowing Breakthroughs from Other Industries: Providing examples of transformative innovations that originated from outside the industries they ultimately revolutionized, demonstrating the power of cross-pollinating ideas.