armc · HackerTrans

vor 4 Jahrendiscuss

A good prenup is a reasonable/minimalist one. The more aspirational the prenup, the less likely it is to be enforced.

vor 4 Jahrendiscuss

OP here... I didn't realize how literally the words would be taken, so:

Few problems (a/k/a most problems) can be solved with more sales (a/k/a sales as a P&L line item equating to revenue); but OF COURSE its what you do with the increased revenue/sales that matters. Buying a Bentley isn't going to solve the business problem.

armc

vor 4 Jahrendiscuss

> This obviously completely wrong.

You might familiarize yourself with Rule #6 before commenting on Rule #1.

armc

vor 4 Jahrendiscuss

Here's 30 years of experience for you:

1. Few business problems can't be solved by more sales.

2. Cut expenses when the storm is approaching, not when you're soaking wet.

3. You can't eat assets or inventory. Don't get emotional about what you own, only about your cash balances.

4. Banks are your friend only when you don't need them. Corollary: One bank for borrowing, one for cash balance accounts.

5. 70 completed calls per week. Not emails, calls. You can do it, start now.

6. Don't be an asshole: https://en.wikipedia.org/wiki/The_No_Asshole_Rule

7. Hire and retain "T-shaped" people. In difficult times those employees execute across multiple domains.

8. Client, vendor or employee drama is quicksand. You assist with a stick or a rope, you don't jump in with them.

9. Don't romanticize work & try to avoid romance getting in the way of work.

10. You're only as happy as your unhappiest child. Prioritize good parenting over work. Good parenting = SOS: Self awareness, objectivity, selflessness.

11. Get a prenup. No, really, do get one.

12. Pay yourself according to a financial model that prioritizes healthy business cash balances, and not your personal desires.

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