It’s not AI that will replace you. It’s your competition using AI that will. ~Jensen Huang
Find a need and fulfill it. Successful businesses are founded on the needs of people. ~A. G. Gaston
It always looks impossible until it's done. ~Nelson Mandela
If you’re creating a company, it’s important to limit the number of miracles in series. Start with something that’s the most doable and then expand from there. ~Elon Musk
Concentrate all your thoughts upon the work at hand. The sun's rays do not burn until brought to a focus. ~Alexander Graham Bell
God, make me so uncomfortable that I will do the very thing I fear. ~Ruby Dee
The most difficult thing is the decision to act. The rest is merely tenacity. ~Amelia Earhart
Software being "Done" is like lawn being "Mowed". ~Jim Benson
A person with a new idea is a crank until the idea succeeds. ~Mark Twain
Everybody told me no at first, including my wife. I turned the nos into yeses and the disadvantages into advantages. ~John H. Johnson
The best way to make dreams come true is to wake up. ~Mae C. Jemison
Consistency is one of the most effective tools we can use to keep customers coming back for more. When first-time customers become repeat customers, revenue explodes (in a positive way). Customers trust brands like Starbucks, Apple, and Google because expectations and delivery are consistently aligned.
How does a company achieve consistency? Through processes.
The Process Component
This article is part of a series on Traction and the Entrepreneurial Operating System (EOS). EOS is a set of tools that enables a business leader to grow a company while maintaining sanity. Today’s EOS component: Process.
From The Issues Component chapter of the book Traction:
Problems are like mushrooms. When it’s dark and rainy, they multiply. Under bright light, they diminish. In an organization where there is nowhere to hide, the problems are easily illuminated. EOS will create that strong light.
Time to shine the light, find the issues, and solve them.
Traction’s chapter on The Data Component describes a pilot flying over an ocean. During the flight, the pilot announces:
I’ve got bad news and good news. The bad news is that our gauges are broken. We don’t know how fast we’re flying or in what direction, and we don’t know our fuel level. The good news is that we’re making great time!
An entrepreneur needs data to run a business, just as a pilot needs gauges to fly a plane. Data makes progress visible, and data also tells us when course corrections are needed.
Anyone who invests in commercial real estate (CRE) is buying a multi-million-dollar business secured by real estate. A successful business will generate a profit. A wise investor will be reasonably sure of profitability before investing.
Nashville: Thank You!
The Nashville Multifamily Meetup Group hosted an underwriting discussion, and they invited me to present. Thank you Josh Cooper and Tommy Brant for making it happen!
When people are looking down the barrel of failure in their lives, they will do whatever it takes to get themselves moving…
…you already know how to do everthing it takes to make yourself an outrageous success.
-Jeff Olson, Author of The Slight Edge
Jeff Olson is a business leader, CEO, and a perpetual student of personal development. He has spent years observing business professionals, especially himself. After watching people make and lose fortunes in business, athletics, and other worthy endeavors, Olson documented the patterns of survival, failure, success, and self-sabotage that all of us experience.
Humans are pattern-recognition engines. When we see a pattern and when we know what to do about it, we can improve our results. That’s one of the messages of The Slight Edge.
