My companies pre-Covid operated at ~$1.5m/month at 20% margins.
Post-Covid they are running a cool ~$6.5m/month at 40% margins.
Three strategic changes stand out as I reflect this morning >>>
Post-Covid they are running a cool ~$6.5m/month at 40% margins.
Three strategic changes stand out as I reflect this morning >>>
(1) HEDGE
Big investors do this on instinct... if a stock goes down, they need another stock to rise in equal proportion to protect (or 'hedge') the downside.
We started thinking this way, "What if everything breaks, how would we fix?" Then we fixed those things proactively.
Big investors do this on instinct... if a stock goes down, they need another stock to rise in equal proportion to protect (or 'hedge') the downside.
We started thinking this way, "What if everything breaks, how would we fix?" Then we fixed those things proactively.
(2) HIRE
Some of the best times for you to grow is when everyone else is retreating. When ppl are running AWAY, you create opportunity by running forward.
Zig VS Zag... as a heuristic, inverse the mainstream logic and you will win.
Some of the best times for you to grow is when everyone else is retreating. When ppl are running AWAY, you create opportunity by running forward.
Zig VS Zag... as a heuristic, inverse the mainstream logic and you will win.
(3) DECENTRALIZE & DELEGATE pt 1
Me and my biz partner used to centralize most decision making through us at the top. In short, we became intellectual bottlenecks...
But the ppl closest to the decision making don't get to make the decisions this way.
Me and my biz partner used to centralize most decision making through us at the top. In short, we became intellectual bottlenecks...
But the ppl closest to the decision making don't get to make the decisions this way.
(3) DECENTRALIZE & DELEGATE pt 2
We flipped this around. Delegating is two-fold: first delegating "labor," second delegating "decisions."
Most people hire staff to do labor -- we started empowering our staff to THINK and to DECIDE. And things exploded (in a good way).
We flipped this around. Delegating is two-fold: first delegating "labor," second delegating "decisions."
Most people hire staff to do labor -- we started empowering our staff to THINK and to DECIDE. And things exploded (in a good way).
Wealth is mostly created in bad times. It is not the economy or the opportunity at hand — it is the THINKING you bring to each situation in front of you.
Improve your thinking, improve your life.
#ONWARD
Improve your thinking, improve your life.
#ONWARD
• • •
Missing some Tweet in this thread? You can try to
force a refresh
