Delay big decisions that are not urgent

If you’re faced with a big decision and you’re not sure what to do, ask yourself: “Is this urgent?”If its not urgent, kick the can down the road.Stall, delay, play for time. Don’t be forced into an important decision unless you feel comfortable, or there is urgency.If there is urgency, you have no choice: Make the…

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Ask yourself: What’s not going to change in the next decade?

Most people ask the question: “What’s going to change in the next decade?” Who cares. You can’t build a business strategy around things that are changing. Change is unpredictable. Rather ask yourself: “What’s not going to change in the next decade?” If it’s not changing, you can build a business strategy around it. The energy…

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Let the fly out the window

Sometimes you’ll have a situation where a star in your company starts causing trouble. She will be like a fly buzzing around your room, banging into the walls, irritating you and hurting itself. You’ll have three choices for dealing with the fly: Let it buzz itself to death, irritating you and everyone else in the room….

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If you’re going to eat shit, don’t nibble

If you haven’t read Ben Horowitz’s, The Hard Thing About Hard Things, then you’re wasting time. Stop whatever you’re doing. Read it. One of Ben’s pieces of advice is to do all the unpleasant stuff in one go. Retrenching? Don’t do it piecemeal. Get rid of everyone in one go. Writing off assets? Don’t do it…

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Don’t judge by input. Judge by output.

What is work? What does it mean to work hard? Some work is easy to identify. Simply look at the input. Carrying rocks from 7am to 7pm. That is obviously hard work. Or building a road. Or driving a delivery van all day. What’s not so easily appreciated is the hard work that goes into jobs…

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How to set up your website and email

So you’re starting a startup. First step: Create a website. There are few things less professional, nowadays, than not having a website. Especially if you’re a tech startup. You need a website, and you need an email address that uses the same domain as your website. If you use a gmail or (gasp) yahoo email for your startup,…

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You can’t grow by cutting costs

Some people think they can grow their business by cutting costs. These people should be avoided at all costs. You can only grow by selling. If you want to be a growth business, if you want a journey worth remembering, if you want to leave a legacy, if you want to make it BIG, you…

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You need a great culture AND a great business model

A great culture without a great business model is like eating Coco Pops. Short team energy spike, long term heart attack. A great business model without a great culture is like drinking a non-alcoholic beer: It can’t kill you, but what’s the point?You want both. A business model that generates lots of profit, and a culture…

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Prayer is not a business model

It’s easy to start a business. To chase your dream. To build your product. What’s not easy is making a profit. Maybe you choose to just close your eyes and believe. “It’s ok, if I pray hard enough everything will sort itself out in the end.” Good luck with that. Prayer doesn’t produce profit. Only a business…

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There is no correlation between craziness and success

Sometimes you see crazy people make it big and you infer that craziness is the secret to success. Don’t be daft. Not only is there no causation, there’s no correlation. Most crazy people fail. They failed so badly that you’ve never heard of them. The perception of craziness = success is an extreme version of survivor-bias….

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Don’t compare your life with others

There will always be someone somewhere out there that’s better off than you. Handsome husband or beautiful wife. Talented children. Big house Fancy car. Piles of money. Crazy exciting adventures. You can’t win this race. Comparing will make you miserable. Keep your head down and focus on your own goals. Don’t compare your life to others.

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If the contract doesn’t match the conversation, walk away

Beware the person who provides a written contract that doesn’t match his spoken word. He suffers either from memory-loss, insanity, or dishonesty. You can’t do business with someone suffering from any of the above. Don’t try have the contract fixed. Forget about the wording. Walk away. Rather find people who’s spoken words match their contracts.

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