Archive
Avoid The Rock Stars And Hire Someone You Like
Look for people you like, because no matter how talented they are, the negative is always going to pull down any positive. The second- or third- or fourth-best candidate who isn’t a jerk is going to ultimately provide way more value. Be guarded against that sort of rock-star culture.
They say all the right things in interviews, and then they come in and really make people’s lives miserable. You spend at least a third of your life at your job. You should have a place you’re happy to go to every day.
Let Employees Ask About Anything They Want
If you get people talking and challenging each other, you’re going to have the ability to arrive at the right decision so much quicker and so much easier.
Just make it so it’s a human environment. Do not try to motivate by fear, instead motivate by saying: ‘Let’s win. This is going to be so much fun to figure out. Let’s figure it out together.
Let Employees Ask About Anything They Want
Try this. Every Friday at 10 a.m., tell people: You’ve got an hour and we’re going to talk about anything.
It is completely open book, we could talk about anything, and people can ask any hard question. Not everyone shows up, because people have a lot going on. But it just creates this sense for people that they’ve got access to anything that’s going on in the company strategically. It’s a really helpful thing.
It’s Fine To Fail As Long As You Learn From It
If you have specific areas of the business that you want to grow or improve, ask a team to conduct rapid-cycle 100-day experiments to test new ways of working.
Most important, make it explicit that failure is acceptable as long as something is learned.
Keep It Simple
What we found is that designs that are simpler, have a very clear call to action, and don’t extol all the virtues of the product, converted much better than anything more elaborate.
A Company Should Be Guided By Sherpas, Not Friends And Families
When you climb Mount Everest, you want to be guided by Sherpas.
You want a bunch of people around who are pros — they’ve done this before and can give you advice. Start out by creating an advisory board composed of successful people, and don’t be afraid to give them equity. They will most likely know some helpful short cuts and be able to offer connections to other experienced people.
Great Idea + Poor Execution = Failure
Ideas are great but they are far less valuable than good execution. Working with good executors is the key for company to grow. A great idea + poor execution and you will fail. Ideas are cheap!
Fixing Your Weaknesses Is A Waste Of Time
Don’t worry about what you lack. Figure out what you are best at and fill in the gaps around you. Don’t spend time learning weaknesses, focus on what you do best and let others handle your weaknesses.
Who Cares If You’re Smarter Or Wealthier Than Everyone Else? All That Matters Is Outlearning Them
You don’t have to be brighter than everybody else, and you don’t have to have more money than everybody else… You just have to outlearn everybody.
That’s a very easy thing to do because almost no one is focused on continual learning. If you spend even one hour each day learning, and then the rest of the day applying what you learned, you would revolutionize any industry. You would be a top-performer.
Look For Clear Ideas That Can Be Explained In 30 Seconds Or Less
It is important to encourage staff to develop ideas. Allow them to describe their ideas in 15 to 30 seconds. If they can be concise and come up with an idea in a really clear way, it means they are onto something.
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