Understanding Systems vs. Processes Let’s start with the basics—what exactly are systems and processes, and how do they differ? Using McDonald’s business operations as an example, which is beautifully depicted in the movie The Founder, we see how Ray Kroc revolutionized the fast-food industry with the “Speedy Service System.” Processes involve specific tasks like food […]
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135: Dealing with a Scarcity Mindset
Understanding Scarcity Mindset A scarcity mindset often manifests as a pervasive fear of never having enough, whether it’s resources, opportunities, or success. It can trigger anxiety and lead to a perpetual state of worry that things are going to fall apart at any moment—a feeling I know all too well. My Personal Battle with Scarcity […]
134: I Hired an Executive Assistant… Here’s What I’ve Leared So Far
Understanding the Role Initially, the idea of hiring an executive assistant seemed more like a luxury than a necessity. Compared to investing in marketing or other direct growth strategies, it felt extravagantly personal. But after extensive discussions with mentors and peers, all of whom swore by the importance of this role, I took the leap. […]
133: Reverse Engineering Growth 101
The Mathematics of Scaling Scaling a business isn’t just about increasing numbers; it’s about strategically planning and executing growth by understanding the inputs needed to achieve desired outputs. Many entrepreneurs fall into the trap of “dumb math”—simple calculations like selling a million units at one dollar to make a million dollars. However, real business growth […]
132: Leaders Make Tough Decisions
Leadership and Decision-Making Leadership and management often requires making difficult decisions—decisions that aren’t just hard to execute but are complex to even decide upon. For instance, moving locations for a brick-and-mortar business or altering product pricing can significantly affect various stakeholders. The CrossFit Games Controversy: A Case Study in Leadership Recently, a tragic incident at […]