Most business owners I’ve come across approach their business from the bottom up… “Where’s the problem in my business and how am I going to fix it?”
This is great, sometimes.
Recently I was running a session in my Board of Directors course when it became very clear that the conversation was being approached from the wrong direction, and while people were really engaged in the detailed conversation we couldn’t create a strategy from the bottom up.
We shifted the conversation to simply ask:
- What are we aiming for?
- Is the current market big enough to achieve this?
- What is the best strategy to achieve it?
Within half an hour we’d sketch out a strategy that could never have been created from the bottom up.
There’s a place for both types of thinking, but bottom up only works after some effective top down.
There’s a tendency to gather information, and more information, and more information, indefinitely if a decision is important.
Your next 40 years will be determined by your next ten years.
A mantra I live by in business is, ‘tolerance is the enemy of excellence.’
Functional fixes are not solutions for existential misalignments.
If you’re buying your lunch from someone, what happens if he’s 20cms shorter than you?
It’s almost certain that what’s being agreed isn’t fully understood.
Don’t be a dick.
Five hundred years ago, Michel de Montaigne said: “My life has been filled with terrible misfortune; most of which never happened.”
In tennis, the majority of the game is spent volleying.
I own a wealth management company called MedCapital