Slow growth or no growth means the profits have to come from our being more efficient every year. Unlike the government, we cannot rely on an expanding economy to “burn the fat away." It's easier for a company to make a profit when it's growing at 10 percent or 15 percent a year. We have been profitable in years when we grew only a few percent by i... See more
Yvon Chouinard • Let My People Go Surfing: The Education of a Reluctant Businessman
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Getting Lucky
4 Dec 2024 — 5 min read
Photo by Jakob Cotton / Unsplash
... See moreLuck isn’t a constant, it increases with surface area: be in the right places, have lots of conversations, put yourself out there, ask for what you want and be optimistic and positive.
... See moreThe fastest-moving entrepreneurs are obsessive resource allocators. Similar to investors, they seek the best risk-adjusted returns with the resources they have. The main resources of the business are time (of the team), attention (of the team), and capital (of the business). So resource allocation is 1) aligning attention on the most important thin