The Knowledge Project cover image

#67 Jim Collins: Keeping the Flywheel in Motion

The Knowledge Project

00:00

The Momentum of the Flywheel

The flywheel concept emphasizes the interconnectedness of actions driving business growth in a continuous loop. By increasing customer visits, third-party seller attraction, expanding store offerings, and growing revenues per fixed cost, businesses can create a self-sustaining momentum. This cycle allows for the lowering of prices, triggering more customer visits, and repeating the growth process. The key to a successful flywheel is understanding the underlying logic and causality between each step, creating a powerful and predictable mechanism for business success.

Play episode from 01:07:09
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app