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The Pitfalls of Overreliance on Leverage
Over-reliance on leverage, as popularized by concepts like Almanac and the Val Ravecant, can lead people to take their focus away from the most important aspects of their business. While leveraging inputs to outputs is valuable, it is crucial to not outsource tasks that are essential to the core of the business, such as selecting the right guests, conducting thorough research, and creating compelling titles and thumbnails. Although outsourcing these tasks could save substantial time, it would also divert attention from the critical elements that contribute the most to business success. Thus, using leverage in the wrong way can lead people to detach themselves from the core functions of their business, ultimately being detrimental rather than beneficial.