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#190 Brad Jacobs: Building a Business Empire
The Knowledge Project with Shane Parrish
Maximizing Return on Capital and Time through Diligent Questioning
Diligence in understanding a business involves questioning how it generates revenue, its past, current state, and interviewing key personnel about their perception of the company's worth. Questions like 'Would you buy this company with your own money?' provide insights into potential improvements and maintaining successful aspects. By delving into blind spots, areas for improvement, resource allocation, and inefficient spending, one can optimize return on investment and avoid wasted resources. Engaging employees through interviews and surveys to gather perspectives and insights ensures a valuable return on capital and time, crucial elements for effective management.
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