Make luck your destiny by solving Principal-Agent Problem

If you’re able to hack Principal-Agent problem, you can run any businesses.

But I warn you, this is a very difficult problem to solve. So what is a Principal-Agent problem? Principal and Agent are highly separated until you solve the problem. Principal is an Owner, where as Agent is an Employee. As a principal, if you can make your employees think like you and embed founders mentality in your agents, it’s better half long term. if you’re an Agent, and if you operate like an owner, it’s just a matter of time before you become a principal.

Remember business biographies are useless for building a great business. They’re good for inspiration. They are not copyable. Without sincerity and obsession to solve the basic principal-agent problem, you won’t get there.