Learnings

In your work, you should give disproportionate time to your One Thing

Chris Labs

View work as involving a skill or knowledge that must be mastered. This will cause youto give disproportionate time to your One Thing and will throw the rest of your work day, week, month, and year continually out of balance. Your work life is divided into two distinct areas – what matters most and everything else. You will have to take what matters to the extremes and be okay with what happens to the rest. Professional success requires it. -The One Thing, p.83 Continue reading In your work, you should give disproportionate time to your One Thing

Learnings

Great framework for life: Imagine life is a game in which you are juggling five balls.

Chris Labs

The balls are called work, family, health, friends and integrity. And you’re keeping all of them in the air. But one day, you finally come to understand that work is a rubber ball. If you drop it, it will bounce back. The other four balls – family, health, friends, integrity – are made of glass. If you drop one of these, it will be irrevocably scuffed, nicked, perhaps even shattered. -The One Thing, p.82 Continue reading Great framework for life: Imagine life is a game in which you are juggling five balls.

Learnings

Be careful, because you can spend your whole life optimizing for nothing

Chris Labs

You can optimize anything to the infinity degree. It doesn’t matter how smart you are. Pick wisely WHAT you decide to optimize. For example with Slide, Max Levchin had brilliant engineers whose jobs where solely to increase the number of pokes (which is kind of a like on Fb) per user. Ultimately, they spent years just optimizing for nothing, Slide doesn’t exist anymore. -Max Levchin, as described by Shaan Puri on MFM, Ep. 274, 9mins Continue reading Be careful, because you can spend your whole life optimizing for nothing

Learnings

The best way to train a sales team is to get them to listen to the testimonials of the people that they sold to last week

Chris Labs

By hearing how your product actually changed the customers’ life, your sales team will believe in what they are selling. They will know that it truly works and there is nothing more convincing than someone who truly believe in something. You can either trick yourself into having the right tone -Alex Hormozi on My First Million, Ep. 271 at 1h04mins Continue reading The best way to train a sales team is to get them to listen to the testimonials of the people that they sold to last week

Learnings

Sell someone when they are the most excited

Chris Labs

You’re always most excited on Day 1. In the example of Alex Hormozi, his gym customers are excited prior to their first workout. Because after the first workout, they realize that shit, this is gonna be work. I think this is especially true when the results depend on the customer. For example a dog training program. People are excited before starting but then they realize that it will take a lot of time and effort. -Alex Hormozi on My First Million, Ep. 271 at 36mins Continue reading Sell someone when they are the most excited

Learnings

Forget giving kids an allowance.

Chris Labs

this is a copy of Val Katayev post Pay your kids interest instead. I’ll share the system I used to engrain the power of compounding and business acumen into my kids. Here’s how it works and the results: At around the age of 2 or 3, I explained to each of my kids the concept of saving money. However, saving is not the main goal. Making sure money works for you while you sleep is the most important component. I showed them that they can let others use their money. In return they get paid for borrowing it. To make … Continue reading Forget giving kids an allowance.