E2: Can you guess what the single most important indicator of success for companies is? Let's take a deep dive into the concept of the 20 Mile March from business thought leader Jim Collins and how it can become an absolute game-changer for your company.
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TOPICS:
Intro to 20 Mile March (1:03)
Why do some companies thrive in uncertainty, even chaos, while others do not? The most important character trait that every 10X company exemplified was discipline: being able to hit certain key metrics on a consistent basis.
Characteristics of 20 Mile March (2:03)
20 Mile March has two important types of self-imposed disciplines: commitment to hit your goals even during the most difficult conditions, and the ability to hold back during times of exuberance even though it might be tempting to extend further.
Short Story of 20 Mile March (3:17)
Roald Amundsen vs. Robert Falcon Scott: 1911 expedition to become the first men ever to set foot on the South Pole. Which team made it?
Weekly Drops for Urban EDC (5:47)
We have a weekly cadence on Wednesdays called the Gear Drop as our 20 Mile March.
Increasing Accountability for Team (6:52)
Our 20 Mile March also increased the level of accountability for the entire team without much management overhead. Also, our team is distributed and our 20 Mile March keeps everybody accountable to each other, and to the success of the company. Everybody is on the same page on what their responsibilities are each week so we don't skip a beat. Our 20 Mile March is the heartbeat of our company.
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LINKS:
Great by Choice by Jim Collins
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First Class Founders is a show for indie hackers, bootstrapped founders, CEOs, solopreneurs, content creators, startup entrepreneurs, and SaaS startups covering topics like build in public, audience growth, product marketing, scaling up, side hustles, holding company, etc.
Past guests include Arvid Kahl, Tyler Denk, Noah Kagan, Clint Murphy, Jay Abraham, Andrew Gazdecki, Matt McGarry, Nick Huber, Khe Hy, and more.
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