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Great list. The only thing that I might take issue with is #5: "5. Every decision must be made extremely carefully. Bad decisions cost money." Taking too much
by matt2000 9y ago
Great list. The only thing that I might take issue with is #5: "5. Every decision must be made extremely carefully. Bad decisions cost money."
Taking too much time on decisions is a good way to kill a new company. Many, if not most wrong decisions you can recover from, and it's very difficult to know what the right decision is beforehand. So a lot of the time the "right" decision is just to do _something_ to learn what the real right decision is and then do that.
- j45 9y agoTaking the right amount of time on the right decisions is key - gathering experience in turn ultimately provides it if you have it, or in hindsight. As much as making quick decisions is valuable, its painful/permanent impacts to the group are high if they aren't flexible decisions, or aren't revisited. Technical Research is critical. https://producthabits.com/everyone-forgets-technical-research/ https://producthabits.com/everyone-forgets-technical-researc...
- dannylandau 9y agoGenerally don't comment that much, but have to agree with your point 200%. Trial and error is the backbone of building a successful stat-up, going from 0 to 1.