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'Only the paranoid survive' Andy Grove

Business success contains the seeds of it's own destruction. The more successful you are, the more people want to chunk of your business and then another chunk and then another until there is nothing left. Therefore; the prime responsibility of entrepreneurs is to guard constantly against other people's (competitors) attacks and to inculcate this guardian attitude in the team members of your organization.

You have to worry about product getting screwed up, and you have to worry about products getting introduced prematurely. You have to worry about factories not performing well, and you have to worry about too many factories. You have to worry about hiring right people, and you have to worry about morale slacking off.

And, of course, you have to worry about competitors. You have to worry about other people figuring out how to do what you do better or cheaper, and displacing you with you customers.

'Be Vigilant'

Disruption is constant. Therefore; Flexibility and Adaptability are imperatives.

Instability is chronic, uncertainty is permanent, change is accelerating, disruption is common, and we can neither predict nor govern events anymore. Therefore; it is wise to assume that there will be no 'new normal.' There will only be a continuous series of "not normal" times.

The dominant pattern of history isn't about stablity, but instability and disruption. Those who came of age amidst stable prosperity will find it extremely difficult to adapt to these "not normal" times.

People Matters

If we cannot predict what's going to happen in these uncertain times, we need people who can respond and adapt successfully and quickly to whatever changes and challenges we face.

Right people in the right culture would lead to great outcomes. Therefore; it's better to invest heavily in the right people.

Bill Gates said in 1992: "Take away our 20 best people and i tell you that Microsoft would become an unimportant company"

Building Right Team is one of the most critical challenge you face as an entrepreneur