Tag: strategic planning

Learnings

Build something a small number of people want a large amount

Chris Labs

Think of it this way. If something is wanted a large amount by a large number of people, it exists already. So you’re left with 3 options. Imagine the graph below: Large Number of PeopleWant Little Large Number of PeopleWant a lot Small Number of PeopleWant Little Small Number of PeopleWant a lot So the upper right corner is in red because it exists already. Now the bottom left (Small number of people wants little) is not worth pursuing so it’s in red also. You’re left with the top left and bottom right. Paul Graham says you should always go … Continue reading Build something a small number of people want a large amount

Learnings

In six months from now, will you be happy to have started doing this today?

Chris Labs

That’s the way to think about starting boring stuff. Some projects have wonderful long-term results but because these are long-terms, they are pushed back. For example, blogging is a great example. You won’t see results today, but in 6months or a year from now, you’ll be so happy to have written this article when you’re in the google snippets. Same thing for fitness. Sam Parr, My First Million Continue reading In six months from now, will you be happy to have started doing this today?

Learnings

Clear mind results in better judgement which results in better outcome

Chris Labs

If you want to be effective in business, you need a clear, calm, cool mind. Warren Buffet spends his days playing bridge, taking walks, not constantly feeding his mind with information. If you want to operate at peak performance, you have to learn how to tame your mind, the same way you have to learn to tame your body. Naval Ravikant, Joe Rogan Experience #1309, 19mins Continue reading Clear mind results in better judgement which results in better outcome

Learnings

Am I playing a stupid game?

Chris Labs

Play a stupid game, get a stupid prize. A stupid game is to try to win an argument on twitter. To convince somebody you’re right. Ex: You’re at the carnival and you pull up at the water squirt game. And you play that game. 40mins later you’ve put in $80 and you win. You’re the big winner and you get the giant stuffed animal. You’ve just won a $6 stuffed animal. Shaan Puri, MFM Mini, A guide to asking better questions, 9min Continue reading Am I playing a stupid game?

Favorite, Learnings

Pick up the gold coins, time is limited.

Chris Labs

Let’s say that there’s gold coins in one area and silver coins in another, and copper in another, lead in another. Some people say, “Let’s just run around in a frenzy, picking up coins.” And I’ll say, “No, let’s stay here and pick up the gold coins until there’s no more gold. Then let’s go after the silver.” There’s only 24 hours in a day. And if it takes the same amount of effort to pick up the gold one as it does the lead one, pick up the gold ones. Gary Halbert, Gary Halbert: XXX, p.70 Continue reading Pick up the gold coins, time is limited.

Being CEO

Don’t slip into reactive mode -> determine your top 3 priorities for the week and spend 80%+ of your time on those

Chris Labs

Most executives are entirely reactive to requests for their time and typically let anyone in the organization put meetings wherever they want on the calendar. You should instead view your calendar as something you proactively manage and design. Each Sunday afternoon, write down your top 3 priorities for the week and design your calendar to spend 80%+ of your time on those priorities. You can leave some “leftover” time on your calendar to fill with the reactive requests. You need to constantly check back in every week to not let yourself slip into a reactive mode and perform calendar audits … Continue reading Don’t slip into reactive mode -> determine your top 3 priorities for the week and spend 80%+ of your time on those

Learnings

Project selection is king

Chris Labs

So first things first, is this what you want to do? You think it’s a good product/idea, but you don’t think the business economics are great Ask yourself Are those true? Or just stories I’m telling myself If I don’t know, what work can I do to get the info? If it’s not true, then how do I replace those beliefs with more true beliefs? If it is true, then what am I going to do about it? -All Access Pass, Shaan Puri Continue reading Project selection is king