Despise young entrepreneurs is a real strategic error for those who want to understand the future
The technological revolutions always occur in an improbable way. To despise young entrepreneurs is not only evidence of the over arrogance of the parvenu, it is a real strategic error for those who want to understand the future. The real terror of Bill Gates was not the fierce competition from other major technological players, these cash-heavy behemoths. No, he was having nightmares on this stranger in his garage, inventing an unexpected product that would one day arrive on the market to undermine the foundations of his empire.
Focus is saying no to 1,000 good ideas.
Every time I read a management or self-help book, I find myself saying, “That’s fine, but that wasn’t really the hard thing about the situation.” The hard thing isn’t setting a big, hairy, audacious goal. The hard thing is laying people off when you miss the big goal. The hard thing isn’t hiring great people. The hard thing is when those “great people” develop a sense of entitlement and start demanding unreasonable things. The hard thing isn’t setting up an organizational chart. The hard thing is getting people to communicate within the organization that you just designed. The hard thing isn’t dreaming big. The hard thing is waking up in the middle of the night in a cold sweat when the dream turns into a nightmare.
The last 10% is 90% of the work.