The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers
amazon.com
The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers
Hard things are hard because there are no easy answers or recipes. They are hard because your emotions are at odds with your logic. They are hard because you don’t know the answer and you cannot ask for help without showing weakness.
There are three key reasons why being transparent about your company’s problems makes sense: 1. Trust. Without trust, communication breaks. More specifically: In any human interaction, the required amount of communication is inversely proportional to the level of trust. Consider the following: If I trust you completely, then I require no explanatio
... See moreThe great CEOs tend to be remarkably consistent in their answers. They all say, “I didn’t quit.”
All the mental energy you use to elaborate your misery would be far better used trying to find the one seemingly impossible way out of your current mess. Spend zero time on what you could have done, and devote all of your time on what you might do. Because in the end, nobody cares; just run your company.
When someone raises an issue like this with you, you must be very careful about what you say, because everything that you say can be turned into political cannon fodder.
there is always a move. You think you have no moves? How about taking your company public with $2 million in trailing revenue and 340 employees, with a plan to do $75 million in revenue the next year? I made that move. I made it in 2001, widely regarded as the worst time ever for a technology company to go public. I made it with six weeks of cash l
... See moreAfter putting economics aside, I found that there were two primary reasons why people quit: They hated their manager; generally the employees were appalled by the lack of guidance, career development, and feedback they were receiving. They weren’t learning anything: The company wasn’t investing resources in helping employees develop new skills. An
... See moreDuring the meeting, since it’s the employee’s meeting, the manager should do 10 percent of the talking and 90 percent of the listening.
Figure out how you’ll know if you are getting what you want at each step.