You should be evaluating every spend as "Do I spend that money do I get more cash before my cashout, extending cashout, or less." And then it becomes real simple, the answer is in the numbers.
Catalog
Quotes tagged ‘Operations’
There are other things you can spend your money on that have a slower payback, a slower trajectory.
There are things that you invest in (they could be marketing, products, salespeople), you make the investment to spend cash. And then, you should get a return on that investment. And cash builds up, and you get paid back, and then some.
Building a culture of high standards is well worth the effort, and there are many benefits. Naturally and most obviously, you’re going to build better products and services for customers – this would be reason enough! Perhaps a little less obvious: people are drawn to high standards – they help with…
We don’t do PowerPoint (or any other slide-oriented) presentations at Amazon. Instead, we write narratively structured six-page memos. We silently read one at the beginning of each meeting in a kind of “study hall.”
“Most people,” he said, “think that if they work hard, they should be able to master a handstand in about two weeks. The reality is that it takes about six months of daily practice. If you think you should be able to do it in two weeks, you’re just going to end up quitting.” Unrealistic beliefs on s…
What do you need to achieve high standards in a particular domain area? First, you have to be able to recognize what good looks like in that domain. Second, you must have realistic expectations for how hard it should be (how much work it will take) to achieve that result – the scope.
Another important question is whether high standards are universal or domain specific. In other words, if you have high standards in one area, do you automatically have high standards elsewhere? I believe high standards are domain specific, and that you have to learn high standards separately in eve…
[H]igh standards are teachable. In fact, people are pretty good at learning high standards simply through exposure. High standards are contagious. Bring a new person onto a high standards team, and they’ll quickly adapt. The opposite is also true. If low standards prevail, those too will quickly spr…
Mr. Musk will be paid only if he reaches a series of jaw-dropping milestones based on the company’s market value and operations. Otherwise, he will be paid nothing.
Leveraging GitHub as our store of the product requirement documentation allowed us to create a living document with strong governance for discussing and canonizing changes to our engineering efforts.