Mark Staus cites a management principle from former Honeywell CEO Dave Cote on balancing simultaneous operational timelines.
Insight
Staus: Pressure to hide weakness pushes founders into misleading claims and legal trouble
“They have felt like that if there was any crack in their armor, any reality in what they had to say, That they lose support, investor support, team support, whatever. Right. And so they oftentimes not only found themselves drifting into a lot of not so great m…”
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Staus: Consulting Firms Only Capture About 5% of Created Value
“When we do this for, you know, large consulting firms or ad agencies, PR firms, whatever, you know, they are so focused on trying to show value in the kind of like the one to two quarter range that they only capture about five percent. Of the total value. They…”
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Staus: Many Startup Founders Lack Any Prior Leadership Experience
“A lot of people become founders and they really, they've never really led anything. They have been managers. They may have even been people managers, but they've never actually been entrepreneurial or intrapreneurial inside of a large company.”
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Staus: High intelligence allows founders to easily rationalize bad actions
“Founders tend to be of above average intelligence. So rationalizing stuff is not hard for the average founder”
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Mark Staus: Quitting Entrepreneurship Midway Leaves Founders Worse Off Than Never Starting
“A maxim of psychotherapy is that if you start, you move down rapidly into the valley of the shadow, so to speak, and if you stop at that moment, stop the therapy, you're actually worse off Than if you'd never begun. And I think that there's a lot of truth to t…”
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Staus: Fortune 1000 CEOs play chess, while founders play contact sports
“My experience with very large Fortune 1000 CEOs and CFOs and people like that are that they are chess players. For the most part, I mean, there's always going to be some variance and all this, right? But in general, an entrepreneur is not a chess player. Right…”