There is a difference between laudable pus and stinking ooze

You’ve had a big setback in the business. Lost a big customer, or partner, or employee. It has been painful, the company is wounded. Around the wound there is an uncomfortable feeling. It is oozing something unpleasant. The question is whether it is laudable pus or stinking ooze. Pus is your body’s way of healing…

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The CEO is the leader

If you’re the CEO, you’re responsible for everything. There is no escalation path. YOU are the escalation path. If you have to escalate, you are not the right CEO. Everyone is following you. Everyone is looking up to you. There is no one else. The CEO is the leader.

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Go on holiday

Around about the year 2000, Elon Musk was CEO of Paypal. He took leave to go on honeymoon, and whilst away his management team approached the Board to have Elon removed as CEO. He cancelled his honeymoon and flew home, but by then it was too late. The Board asked him to resign. Afterwards when…

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Sometimes you must let fate take its course

“A rich and mighty Persian once walked in his garden with one of his servants. The servant cried that he had just encountered Death, who had threatened him. He begged his master to give him his fastest horse so that he could make haste and flee to Teheran, which he could reach that same evening….

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Treasure your old friends

“Nothing else in the whole world is so completely in harmony with nature as true friendship, a profound agreement in the feelings and values of two people, supported by mutual goodwill and affection.” Cicero Don’t take friendship for granted. Invest in your relationships, especially with people that have known you a long time. As you…

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Rule of 72

Divide 72 by the annual interest rate to calculate how long to double your money. In other words, if interest rates are 10%, then it will take just over 7 years for you to double your money. This is the magic of compounding. Remember it.

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Create small teams for trust

Trust is the lubricant that makes a company move fast. You want maximum trust. The path to maximum trust is small teams. Small teams foster intimacy. No one can hide. It’s easier to ask dumb questions. Communication is easier. Small teams trust better than big teams. Create small teams for trust.

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If you want to be a butterfly, you must be willing to give up being a caterpillar

You’re stuck in a corporate job. You don’t enjoy your work. You don’t enjoy your colleagues. You don’t enjoy your cubicle. You have a dream of being your own boss. But you earn a fat salary. You’re a caterpillar. Not so pretty, but safe. If you want to be a butterfly, you have to give…

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Ask yourself how do you become less competitive in order to become more successful

Peter Thiel regularly poses this question. The rationale is that competition is bad. He doesn’t mean that you should not be ambitious, or work hard. What he means is that you should constantly be finding gaps where there is less competition, and that will let you find more success. How can you be less competitive…

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Small goals are more risky than big goals

A small goal is harder than a big goal. In other words, not achieving a small goal is harder than not achieving a big goal. That’s why some people choose BIG goals. So when they fail they have an excuse (“it was too hard”). If you’re serious about success, choose small goals. Of course, dream…

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Don’t be Buridan’s ass

The parable of Buridan’s ass (donkey) was first told by Aristotle. It’s the story of a donkey that is halfway between hay and water, looking left and right and trying to choose which first. The donkey eventually falls unconscious from thirst & hunger, and dies. That could be you. Stuck between two great choices, not…

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If you’re not psyched, then say no

Entrepreneur life is busy. You need to prioritize your time. Only make time for what’s important. What’s important is what makes you energised and psyched. If someone asks you to do something, check your reaction. If you’re psyched, so yes. If it’s a “Meh”, then say no.

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