Dan Martell - June 29, 2024


Be Careful With What You Add To Your Business


Episode Stats


Length

36 seconds

Words per minute

221.37819

Word count

136

Sentence count

9


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Every new thing you add to your business starts with a negative value. This means that the complexity you just added to the business has negative value the moment you put it in. Little things like signage, business cards, etc. have negative value because as soon as you decide to do it, you've added something that has to be managed and maintained in the future that has negative values. As an operator of the business, I now have another standard operating procedure that I need to monitor. Another thing I have to train people on. I've gotta do quality assurance around. Somebody in a room says, "Hey, I think we should try this. Whoa, your thing must be so valuable that it overcomes the initial complexity, negative value of just adding it to the system."

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 Every new thing you add to your business
00:00:01.760 starts with negative value,
00:00:03.620 meaning that the complexity you just added to the business
00:00:06.740 has negative value the moment you put it in.
00:00:09.300 Little things like signage, business cards.
00:00:11.960 Why?
00:00:12.320 Because as soon as you decide to do it,
00:00:13.980 you've added something that has to be managed
00:00:16.000 and maintained in the future.
00:00:17.080 That has negative value.
00:00:18.640 As an operator of the business,
00:00:19.840 I now have another standard operating procedure
00:00:22.120 that I need to monitor.
00:00:23.200 Another thing I gotta train people on.
00:00:25.060 Another thing I've gotta do quality assurance around.
00:00:27.540 Somebody in a room says,
00:00:28.500 hey, I think we should try this.
00:00:29.620 It's like, whoa, whoa, your thing has to be so valuable
00:00:32.020 that it overcomes the initial complexity negative value
00:00:35.480 of just adding it to the system.