The Wisdom Wall
12 quotable lessons, heuristics and mental models. Every one is playable at the moment it was said. No fortune cookies allowed.
“Great organizations set a vision and head in a direction, and everybody aligns to make that happen.”
“So lean startup is not a good way if you want to have maximum impact.”
“Like, I think everybody gets the idea wrong that like entrepreneurs are like these like gun totem, like totally okay. Corral like betting everything all the time. Like it's the opposite of that. Like if I have a risk of ruin, I'm totally screwing up.”
“The difference is, uh, For me, like, 10,000 customers have to fire me for me to be out of a job. Uh, for other people, only one boss has to fire you when you have a W-II job.”
“I tell people actually, if you're going to be trying to run your business better, like, 70% of it is just picking one of the frameworks and using them.”
“There's stuff that scaling up, for example, does that is bigger and badder than what's in EOS, but a lot of times when you're, like, under 50 people, like, that stuff doesn't really matter much, so that's why I spend a lot of time talking about EOS.”
“80% of all business tastes like chicken, and kind of the idea is, is like, every business has to do these same common things, right? You have to, like, uh, you have to have, like, a strategy. You have to have a vision. You have to You have to define your core values. You have to understand how you're going to compete…”
“when you apply, you know, you assign a goal to multiple people, then that means nobody's responsible for it. So, like, they will say, like, one person has to take ownership of this particular goal and go for it that way.”
“if you look at what truly pushes businesses forward, it's like three or four things you achieve each year. Maybe five or six at most.”
“most businesses tend to self implement And do the second option, which is read the book and then just start doing the exercises and learning the process very well, uh, until they get to about 25, 30 employees. And then at that point, the business is big enough and has enough revenue where it makes sense to hire some of…”
“notice we didn't start with going to talk to customers. We went to, we went to start with what we're really good at, then we went to go talk to customers. And so that's one of the core principles of this idea of effectuation. Yeah, you got to build something people want, but you're going to start first with like your…”
“And you want KPIs because it predicts your future. Your financial statements are really good at describing your past.”