The hidden costs of indecision

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Geoffrey Keating:

You might have have heard the story of Buridan’s Ass (no laughing down the back), the story of a donkey stuck between two identical stacks of hay. Because the donkey lacks any reason to choose one over the other, it cannot decide which one to eat, and so starves to death.

Our setting isn’t the farmyard but the meeting room. Picture the following scene: eight people in a room endlessly debating over a whiteboard, weighing up one decision over the next, but with little sign of progress being made. Tough decisions take time. But if every single decision at your company is agonized over, with no progress to show for it, alarm bells should be ringing.

Geoffrey hits the nail on the head again with this post, so it's a good read and worth sharing.


Before You Launch A Startup, Learn This

Links, On Startups

Nathan Kontny:

My 2011 startup with Y Combinator imploded, largely because we couldn’t get enough traction. What was I going to do next? And more importantly, how was I going to avoid repeating my mistakes?

[..]

It’s happened for me. I went from that miserable failure of a startup to realizing I needed to get better at audience building before my next venture. And so I practiced my craft of writing and storytelling on my blog. One article a week. Tell a good story. Me or someone else figuring out some problem through some conflict. My audience grew.


How To Build A More Candid Think Tank Culture At Work

Links, On Startups

When was the last time you got completely unfiltered feedback? Do you dread presenting your big projects to your team because you fear their harsh critique?

With so much at stake, it's no wonder that so many people choose to play it safe rather than to take a risk. The problem is, playing it safe leads to work that’s average at best.

But it doesn't have to be this way! Research into feedback abounds, and countless companies are stepping forward to share what works for them. Ed Catmull, co-founder of Pixar and the author of Creativity, Inc., introduced the concept of Braintrusts as a means to encourage more fruitful team feedback.

In his words, “The Braintrust is our primary delivery system for straight talk [at Pixar]. Its premise is simple: Put smart, passionate people in a room together, charge them with identifying and solving problems, and encourage them to be candid with each other.” He attributes the animation powerhouse’s 14 consecutive box office hits back to this think tank team.


Einstein's Advice On How To Be Happy

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As an entrepreneur, I know you are not in business just to make money.

You’re also in business because you think it will make you happier.

With this in mind, you may be interested in the following true story.

Albert Einstein is known as one of the smartest guys in history.

And one of the wisest. (They don’t always go together)

In fact still today, decades after his death, his brilliant quotes about life appear worldwide.



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