Naval Take Accountability to Earn Equity
28 snips
Apr 13, 2019 Explore how taking accountability can significantly boost your leverage and pave the way for earning equity in business. Discover that being accountable makes you less replaceable, enhancing your credibility. Delve into the delicate balance of accountability in leadership through a captivating pilot analogy. Consider both the risks and rewards of embracing this approach, as personal reputation plays a crucial role in fostering strong team dynamics.
AI Snips
Chapters
Books
Transcript
Episode notes
Accountability, Leverage, and Equity
- Accountability increases leverage and credibility, leading to equity.
- High accountability makes you less replaceable, requiring higher compensation.
Equity as a Risk-Based Instrument
- Equity is a risk-based instrument; you get paid after everyone else.
- Employees get security, debt holders get fixed returns, and equity holders get the remaining upside.
Accountability as Equity
- Take accountability for your actions like taking an equity position in your work.
- Accept greater downside and upside risk, but remember the downside is often limited in modern society.
