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Sam Parr and Shaan Puri discuss traits from Dana White for founders, e-commerce trends, and Shaan's $30M dream house. They explore strategies for growth through EBITDA focus, unconventional fitness events, and the importance of culture when the boss isn't around.
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Quick takeaways
- Startup founders should embody brute force, extreme bias for action, and speed to outperform.
- Switching focus from growth to EBITDA involves budgeting, communicating, and aligning incentives for profitability.
Deep dives
Transitioning to EBITDA Focus
Shifting from a growth-oriented strategy to prioritizing EBITDA involved setting a target EBITDA margin, creating an EBITDA budget, and aligning departmental leaders' efforts to find additional profit margin. Communicating this new focus and tying incentives to EBITDA performance were crucial steps. Moreover, implementing periodic 'spring cleaning' reviews to trim unnecessary expenses ensured ongoing profitability.
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