In this podcast, they discuss the difference between an upgrade and an overhaul, emphasizing that the boring work is your moat for success. They also talk about defining the business with one formula, the importance of starting with constraints, and how slogs will precede periods of accelerated growth.
Upgrading curriculum enhances efficiency by addressing key program friction points.
Investing in mundane tasks like curriculum overhaul can fortify business success.
Establishing a clear formula for success based on metrics enhances strategic decision-making.
Deep dives
Overhauling Curriculum and Efficiency
The podcast discusses the strategic overhaul of the PGA curriculum, which was prompted by common issues faced by participants. By fixing key friction points in the program, inefficiencies were addressed, leading to a more streamlined and efficient system. Overhauling the curriculum revealed the importance of focusing on enhancement rather than settling for good enough, ultimately improving the overall program.
Value of Boring Work and Building a Moat
The episode emphasizes the value of investing time and effort into seemingly mundane tasks like upgrading curriculum, highlighting the concept that boring work can act as a stronghold for business success. The decision to overhaul a curriculum that was already effective showcases a commitment to excellence and continuous improvement. This dedication was recognized as essential for creating a sustainable business model.
Simplicity and Predictability in Business Growth
The podcast explores the importance of simplifying business processes and focusing on predictability for growth. Establishing a clear formula for success based on various metrics allows for strategic decision-making and targeted improvements. By tracking and optimizing individual performance indicators, such as email course conversion rates and landing page visits, sustainable business growth becomes achievable.
Constraint-Based Business Building and Momentum
The episode delves into the significance of starting with constraints when building a business model, emphasizing the need to align business decisions with personal and professional values. Setting limitations helps in making informed choices that lead to building a sustainable and fulfilling business. This approach ensures that the business model not only generates profit but also aligns with long-term goals and aspirations.
Navigating Slogs and Accelerated Growth Phases
The discussion touches on the phases of slow progress followed by periods of accelerated growth in business endeavors. Reflecting on past challenges and defining moments of perseverance highlights the importance of pushing through difficult times to reach breakthroughs. The episode emphasizes the value of endurance and persistence during challenging phases as precursors to achieving significant growth.
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In episode 34 of Espresso Hour, Ship 30 for 30 Captains Dickie Bush and Nicolas Cole talk about upgrading vs. overhauling, defining your business with 1 formula, and starting with constraints when building an online business.
(00:00) Intro (02:18) The Difference Between An Upgrade And An Overhaul (04:47) The Boring Work Is Your Moat (07:32) Defining The Business With One Formula Accelerates It (13:29) Enrolled Our First Student Via Organic YouTube (17:24) You Must Start With Constraints (22:00) Slogs Will Precede Periods Of Accelerated Growth (23:41) Began Working On A Brand Overhaul (33:19) Life Updates And Being Back In The Saddle