ivan quijada รีทวีตแล้ว

“Rockefeller would focus in on the highest priority.
When he gets into the oil refining business it has no barriers to entry.
It costs $1000 to start a refinery and only requires a few people to run it.
And one thing he notices is that transportation is the largest expense.
It costs more to ship a barrel of oil, than to refine it.
So if transportation is your highest priority that means the location of your refinery is key.
The site that he chose was genius. He selected a location that was next to both the railroad and on the banks of a river. Why? Shipping by water was 50% cheaper than shipping by rail.
If something is your top priority you should spend the majority of your time thinking about how to develop an edge there.”
—From episode 405 “How Rockefeller Worked”
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