Strategy is saying "No" to 99% of opportunities so you can say "Yes" to the 1% that matters. Most opportunities take you down the wrong road. You will loose old and make new friends along the way. There is nothing wrong with old friends but new ones will be more likely to better fit your goals and dreams. Imposter syndrome is not real but inexperience and insecurities are. You won't feel like an imposter after doing the thing 100 times, volume negates luck. Luxuries aren't requirements, you don't need purpose nor vision to start. Ignore your brain excuses and negative thoughts, motivation comes as you get more responsibilities. Business isn't fair, people don't always play fair and may stab you in the back. Others' unfairness shouldn't change your value or you'll loose. Would you stop dating girls if one cheated on you? Do something new only when you've perfected and exhausted every existing options. Have you saturated your market or do you suck at marketing? Think about improving everything before trying something new. Growth means growing pains, over a long period of time. The hidden problem is your relationship with discomfort. If you go through hard seasons, you'll be one of the few remaining during easier times. Thicken your skin. Success doesn't make you feel better and can even makes you better at feeling bad. Success sits apart from your problems. Embrace whatever season you're in. If you're stressed, you might as well do things you know are stressful. Delegation means trading the time it takes you to do the thing with the time it takes to reinforce and reward others. Help and thank employees taking on your tasks. Being distant and not thanking leaves room for assumptions in employees' heads. Reinforce and reward what you want to see more off. Titles don't make leaders, actions do. The leader isn't who the manager think is the leader, it is the employee seen as a leader by his peers because he acts like it. Having a title just means you have a title. If a leader didn't win the employees heart, he'll have authority but not respect. A little extra effort can boost profitability a lot. Increase retention by reducing time to value. You just accomplish things faster than you think if you have a deadline. When seeking to have high achiever clients, overwhelm them with value upfront. For parents, allow them to still work hard by taking care of some things at home (groceries, cleaning, sending kids to school). Leading doesn't always seems fun, like filling and asking from forms and reports, but in the long run it is because you'll see the results. Prefer opening new locations yourself over franchise, but don't do it before you've optimized the business enough, like is the customers' long term value high enough. Produce so much positive content that the little negative doesn't matter, and they'll make you seem less fake. People have emotions but can't argue with facts so show them the data and the reasoning, like hope it will help them as individuals, until they change their mind. Business is not a democracy, the leader chooses. When struggling to retain burned out staff, seek why they don't feel rewarded for the work or under-appreciated. Working without seeing the fruits of labor is hard. Reinforce employees until the work reinforce them. Reduce SaaS and service price after a fixed periods as you don't have the same cost (no cost of acquisition) and it makes their costs for changing higher. To avoid cancels, just make sure you send new goals for them to reach. Prefer annual over trimester over monthly subscriptions. To keep remote worker engaged without micro-managing, use End-of-Week reports and hire people with a higher skill level because them can self-manage without training required. Give remote workers variety in their job, like task and interactions, to keep them interested and avoid boredom. If you have to fire people in a department, meet them 1 by 1 and give them a severance package so they land on their feet while also lining them for interviews in others place you know, and you can also apologies for over hiring or not selling better or whatever the reason is, be the most transparent. How you let people go impact your own mindset as a leader for the future. Familiarity and love isn't enough, goals and non-negotiables must be compatible. Only someone who hates you will force you to quit doing something you enjoy for them. You question your friends but do you question your partner? Is (s)he slowing you down? It is the person you'll spend the most time with. When looking for mentors and clubs to change and improve your life, look by your side first. How can your partner fit in the journey you wish for yourself? Your success shouldn't make them insecure or scared, otherwise they'll crush your ambitions. Bonus point if your partner pushes you to go further. Are they pushing doubt or hope on your dreams? Instead of leaving your partner if your goals aren't appealing to your partner, make them benefiting for (s)he as well. Travelling a lot? Take him/her along. Organizing events for your business? Keep him/her a slot. Your respective goals should benefit each other, not bring conflict. Talk about them early or it'll cause heavy damages later. Be each others' right hand but don't put your spouse before yourself. You don't need to take care of grown people.
Leila Hormozi