Okay, so a few people have asked how you spot the where your Trust Thermocline is, and how to avoid hitting it. I'll give you the same answer I give senior execs:
I don't know.
But the people working on the ground level in the customer-facing sections of your company do. /1
Because it's those people that will be picking up on the general vibe of your userbase and their 'grumbles' - i.e. the complaints that the user shoulders internally (mostly) rather than makes directly in feedback.
So its your creators, your community managers, junior sales etc.
But the BIGGEST sign you are at risk of hitting your Truth Thermocline, if you are a relatively large company, is this:
Do you have a customer retention process? Do you have a sales retention TEAM? Do you have a customer retention DEPARTMENT?
Alarm bells.
There's this odd thing where companies with a trust problem start to treat retention as a normalised process. And a 'good' retention rate as an indicator of success.
It isn't.
It means you have growing trust issues with your userbase and are DELAYING your issue, not fixing it.
Do you know what's really effing fun?
Sticking people who do the retention calls in a room, with a white board, and lots of GOOD food and drink, and getting them to list all the stuff they CONSTANTLY hear but have stopped bothering to report up the chain.
And you record it. Or you just take everything on that list.
And you go:
That's your trust problem right there. However painful it is to your bottom line. However politically tough it is. However complex the problem:
Fix that shit.
Or you don't have a company anymore.
It's basically that old joke about how consultants just tell execs what those on the ground know already.
Which is why I don't do consultancy. I'm happy to just do sessions for senior execs and either they listen and talk to the right people, or were never going to listen anyway
And 9 times out of 10 the real reason none of that stuff has been addressed before was simply because it was seen as too hard to be worth the effort.
Either they start realising its worth the effort, or no 6 month consultancy was gonna change their mind.
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It's June 1999 and a NATO peacekeeping force (KFOR) enters Kosovo under a fragile peace, brokered to end the brutal Balkans wars.
When the first recon elements reach Pristina, though, they find that a small Russian force has also crossed the border and seized the airport.
The Russians (not unfairly) believe they have been cut out of the peacekeeping. But this seizure is an attempt by rogue elements within the Russian government to either provoke an engagement, or secure concessions.
They were FM Ivanov, General Ivashov and FSB head...
I'll NEVER tire of the fact that Uber were so desperate to avoid giving drivers sick days in the UK that they accidentally convinced a tribunal they were a cab firm.
Obscure autobiography arrived yesterday. Been trying to hunt down a copy of for years.
Tiny volume. Person who thinks he's unimportant. Arguably helped save thousands of Jews in WW2.
As is always the case, doesn't credit himself. Blames himself for not somehow saving more.
Flicking through it now and it's heartbreaking. As with Smallbones' papers or Mary Burchill's writings, just good people who stood up, but then cannot forever escape the guilt of thinking they could have done more than they did.
Even as they were doing more than anyone else.
We have a tendency to see 'heroes' as larger than life, and I hate it.
Nearly always they are just regular people who decide they will not accept what is happening, and who they're told to hate, and do what they can.
To understand Musk's renewed obsession with X and focus on financial services, you REALLY need to understand the X/Confinity merger that became PayPal.
And, particularly, the Peter Thiel-led coup that kicked Musk out as CEO/Chief Strategist.
Here's how that happened. 1/🧵
In early 2000, X hits the news for a vulnerability that allows money to be moved between accounts with just account details. This is fixed, but spooks investors.
Elon agrees with investor Mike Moritz from Sequoia to become CTO while Bill Harris (ex-Intuit) becomes CEO.
Meanwhile, over the road (literally), a startup called Confinity is making waves. It's funded by Peter Thiel, who is also its CEO, but is the brainchild of Ukrainian Max Levchin its CTO.
Backed by Nokia, Confinity is making a way to 'beam' money between PalmPilots by infrared.
Thread on history of X dot com and Melon Husk will have to wait until tomorrow as need to stream.
But in the meantime here is a quick story called:
That Time Elon Totalled his McLaren F1 While Trying to Show Off in Front of Peter Thiel 🧵/1
Year 2000. X and PayPal are fighting over the pay-by-email market. Both are burning cash so fast that a merger becomes inevitable (I'll cover all this in tomorrow's thread).
Musk (X) is REALLY not happy about this. He wants to WIN. Thiel (PayPal) is happy. He HAS won.
Thiel saw the writing on the wall, as did Bill Harris (formerly of Intuit) - X's CEO after Elon (biggest investor) stepped back to CTO . They have created this merger to save both companies and make lots of money. Harris has bullied Elon into it by threatening to quit otherwise.
I'm old enough to remember when the Rail Delivery Group insisted that Oyster Cards were the spawn of Satan.
They've never deliberately made one pro-passenger ticketing decision in their ENTIRE existence.
Best to assume, with ticket office closures, that this is still true.
If you're wondering why the RDG (or ATOC as it was then. They rebrand whenever the brand becomes toxic for being anti-pax) hated Oyster, it was because IT HELPED PEOPLE PAY THE RIGHT FARE.
The operators make a fortune, every year, from people overpaying for tickets.
This is why smartcard rollout is still shite outside London. There's zero financial benefit to the government or the TOCs in easy, transparent ticketing.
The only person who benefits from that is the passenger, and they aren't shareholders.