Insight certainty 4/5 debate potential 2/5

Chouinard advises entrepreneurs to invent new categories rather than fight incumbents

Yvon Chouinard · Patagonia: Yvon Chouinard (2016) · Dec 25, 2017 · at 19:58

Yvon Chouinard, founder of Patagonia, discusses entrepreneurial strategy with Guy Raz, explaining why founders should avoid head-to-head competition with massive established corporations.

0:00 / 0:16exact quote · 16.7s
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“If you want to be successful in business, you don't go up against Coca-Cola and You know, these big companies there, they'll kill you. You just do it differently. You figure out something that no one else has thought about, and you do it a totally different way”

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More from Yvon Chouinard

Insight
Chouinard says relying on customer feedback is too late for true innovation
“If you wait for the customer to tell you what to do, you're too late. So we were our own customer, and I think that was the secret of coming out with products that a lot of the products people didn't even know they wanted or needed.”
Yvon Chouinard Dec 25, 2017 ▶ 7:40 Patagonia: Yvon Chouinard (2016)
Insight
Chouinard claims the faster a business grows, the faster it dies
“And in fact, that's why the faster a business grows, the faster it dies also.”
Yvon Chouinard Dec 25, 2017 ▶ 9:50 Patagonia: Yvon Chouinard (2016)
Insight
Retrofitting radical workplace flexibility into existing companies is destined to fail
“I've had other companies come to me and say, oh, I love that idea. I think I'll institute it in my company. I say, forget it. You'll fail. Because you have to start with the very first person you hire.”
Yvon Chouinard Dec 12, 2016 ▶ 16:46 Patagonia: Yvon Chouinard
Insight
Copying Patagonia's flexible work policy fails without early cultural buy-in
“And you know, I've had other companies come to me and say, oh, I love that idea. I think I'll institute it in my company. I say, forget it. You'll fail. Because you have to start with the very first person you hire.”
Yvon Chouinard Dec 25, 2017 ▶ 17:08 Patagonia: Yvon Chouinard (2016)
Disclosure
Chouinard insists Patagonia will never sell out or go public
“We're not gonna sell out. We're not gonna go public.”
Yvon Chouinard Dec 25, 2017 ▶ 18:42 Patagonia: Yvon Chouinard (2016)
Insight
The faster a business grows, the faster it dies
“And in fact, that's why the faster a business grows, the faster it dies also.”
Yvon Chouinard Dec 12, 2016 ▶ 9:28 Patagonia: Yvon Chouinard
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