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It can only exist in high margin companies. The trick is to find business environments with some 'slack' in the funding, because that slack tends to propagate.
by idiotsecant 2y ago
It can only exist in high margin companies. The trick is to find business environments with some 'slack' in the funding, because that slack tends to propagate. I have made a career out of finding environments with high slack and avoiding environments with low slack.
- onemoresoop 2y agoJust curious… How do you find out there is slack before actually getting the job?
- mrngm 2y agoOne hint might be found in yearly financial reports. It depends a bit on the country if you can access those reports from non-publicly traded companies. Are they debt-heavy, or do they have enough free cash flow? What if all customers disappear the next day, can the business continue for an extended period of time?
- onemoresoop 2y agoIs that indicator of slack though?
- pdimitar 2y agoDo you have any actual script, as in, exact questions to ask during interview, so that executives and/or techies would answer clearly whether their company has financial slack?
- throwaway2037 2y agoRevenue or profits per employee is a good start.
- anon7725 2y agoBy slack do you mean high margin or high revenue per employee or something similar? Or a large war chest/lots of runway?
- n_ary 2y agoDefinitely, large war chest and lots of runway always helps. Also high margin may be good or bad but high revenue per employee(i.e. consulting firms in government, defense, finance, energy etc. sectors) are the most human friendly places to work at.
- vonnik 2y agorelevant: Slack, by Tom DeMarco https://www.amazon.com/Slack-Getting-Burnout-Busywork-Efficiency/dp/0767907698 https://www.amazon.com/Slack-Getting-Burnout-Busywork-Effici...