Hot Takes: The Rules Smart Operators Break
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Most business advice gets repeated until nobody checks whether it’s still true. Today we check.
Christian and Stephen put eight pieces of conventional wisdom on the table and argue them out. Revenue is the most overrated number in business. You should think about your exit from day one. Hire slow, fire fast. Your bank is a vendor, not a partner. Profitable and valuable are not the same thing. Most business plans are a waste of time. Some of these hold up. Some are lukewarm until you push on them and find a much sharper take underneath.
The hottest one lands last: you can’t build a great business while pulling most of the money out of it every year. Pick one.