THREAD:
I've been very serious about personal development for 10+ years.
But not just reading...
I've been putting the principles to work as I've grown and sold my business (7 figure exit) and built a real estate portfolio worth $20MM+.
Here are a few of my top takeaways:
20% of your customers will produce 80% of your profit.
20% of your customers will also produce 80% of your headache.
The sooner you learn THESE AREN'T THE SAME CUSTOMERS the sooner you can grow, scale AND experience less stress.
The 4 quadrants of time management concept changed my life.
Urgent + important is where stressed out owners spend their time.
Not urgent + important is where you add long term value to your company and your life. Its also the easiest area to push to the back-burner and ignore.
3 keys to hiring and managing great employees:
#1 Raise your prices (so you can afford them)
#2 Simplify the job so average employees can thrive (and killer employees can crush it)
#3 Give them praise in public (it means just as much as money)
Execution > Idea
Ideas are a dime a dozen.
Folks who are willing to do the work are a bit more rare.
Folks with the chops to execute well are extremely rare. And they are the true winners when it comes to entrepreneurship.