My First Million #113 - From Furniture Store to Water Delivery: The Millions in Boring Businesses
8 snips
Sep 23, 2020 The conversation dives into Frank Slootman's insights on operational intensity and leadership challenges. They discuss Rocket Internet's strategy of cloning startups for smaller markets. The fascinating journeys of industry leaders like Danny Meyer and Hamdi Ulukaya take center stage. The logistics of niche markets like water delivery are explored, along with the quirky concept of an 'Uber for evictions.' Finally, they touch on the complexities of student debt and the understated potential of blue-collar businesses.
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Amp It Up
- Amp up the pace and intensity in your company to eliminate slack.
- Focus on a single key performance indicator (KPI) for the entire executive team.
The B Player Scourge
- B players, not C players, are the real threat to organizations.
- Their mediocrity creates dead weight and hinders overall performance.
Goal-Oriented Diversity
- Prioritize goal-oriented execution above all else.
- Focus on individual contributions to goals, not diversity for its own sake.