(We) must build an AI that loves humanity.
Elon Musk
Don’t change your (biz/product) story when you’re bored, or when your partner is bored, or when your team is bored. Change your story when your accountant is bored.
Jay Levinson (quoted by Seth Godin)
An invitation to invest 2 to 22 minutes in your executive education this week.
3hrs Each Day Dec 11 - 12 – Virtual Scaling Up Master Class LIVE with Verne Harnish
Your annual review of the fundamentals (like golf and tennis lessons) for you and your team. 90 minutes each People, Strategy, Execution, and Cash – and a bonus session for CEOs-only. For more info and to register (recording included).
22-Minutes of Musk – Future Investment Initiative (FII)
Oct 29 – 31 FII, meeting in Riyadh, hosted a chat with Elon Musk on the future of AI. Predicting $20,000 humanoids that will outnumber humans by 2040; and a Tesla market cap of $25 trillion, this 22-minute video ends with Musk predicting abundance where “universal high income” is the outcome vs. “universal base income.” Pls watch for a look into the future – with lots more insights.
Tim Cook’s #1 Lesson from Steve Jobs
Quoting this Fortune article:
Among the key management skills he learned from Jobs was the importance of not being married to past beliefs, a competency that Cook says few leaders possess. Jobs welcomed debates, relished being challenged, and valued those who were willing to admit they were wrong when new evidence emerged.
For instance, Cook and Jobs had differing ideas on how to sell iPhones. Ultimately, Cook’s approach proved best. And Jobs would often take a devil’s advocate position to spur debate. How much are people challenging each other inside your firm? Invest 2 minutes to get some additional backstories inside Apple.
100 Fastest Growing Firms – Energy Sector Dominates
Fortune’s latest list of 100 Fastest Growing Firms finds energy (28) and industrials (22) dominating the top two sectors with the technology sector only representing 10 of the 100 – proving that some unsexy businesses can still scale fast on significant revenues (average $23 billion with $2.8 billion in profit). With an average 12% profit, it also proves you don’t have to sacrifice profit for growth. #1 is TORM, a UK-based transport firm.
Stanford Prof’s SIMPLE Approach to Communicate Anything
Dr. Francis J Flynn, in this Fast Company magazine article, uses the acronym SIMPLE to detail 7 ways to communicate your message to your team and marketplace:
- Slogan – “all for one and one for all” “Think Differently”
- Image – is worth a thousand words – JFK’s son saluting his father’s casket
- Metaphor – “trust your neighbor but don’t pull down the hedge”
- Parable – the tortoise and the hare
- Lists – 10 Rockefeller Habits
- Example – Physicist Richard Feynman dropping an O ring in a glass of ice water to show why the Challenger Spacecraft blew up
Next time you have something to communicate, utilize one or several of the above to enhance your message.
Internal Champion Certification – Scaling Up
Several scaleups have someone on their team certified in championing the implementation of Scaling Up inside their organization. This one-page flyer provides more detail. Add to your own curriculum vita and be a key resource to your organization (leadership track). Internal Champion program
Order a box of 20 books
Save 50% over the price on Amazon for Scaling Up, and Start to Scale books here for less!
Additional Books
Scaling Up Compensation, a quick read helping you get much greater impact and outcomes from one of your largest expenses; and The Greatest Business Decisions of All Time, which provides you with some great ideas to borrow/steal for your own business are available on Amazon.
Planning for 2025 – Get a Coach or Be a Coach
It’s best if the planning session is professionally facilitated according to experienced CEOs. This way they can participate in the process (and not dominate it). Email [email protected] if you’re looking for a facilitator.
And if you’re interested in becoming a coach/facilitator, we’re always looking to add to our 296 experienced partners around the globe. Email [email protected]
TECHNOLOGY:
Scaling Up Scoreboard is AI-enabled and integrated with Salesforce, Slack, and Zapier (allowing it to connect with 1000s of systems). Use Scoreboard to provide your team (working remotely even more important!) with a real-time visual dashboard of cascading priorities and metrics. Get a personalized tour of the Scaling Up Scoreboard to see how you can use it to better implement Scaling Up in your business.
EDUCATION:
Scaling Up Master Business Course
Scaling Up Free Mini Course
COACHING: Unlock Explosive Growth with a Scaling Up Coach
As we enter the fourth quarter, ensure your business thrives amidst economic uncertainties with expert guidance from a Scaling-up Coach. Our proven methodology and proprietary tools will help align your team, translate strategy into action, and drive measurable results. Schedule a complimentary call today to take the first step towards a clear, actionable Q4 strategy. For additional questions, email [email protected] or check our FAQs.
Have you considered becoming a Certified Scaling Up Coach?
Learn more about what it takes to certify and what being a coach is like. Pop into our Coach Office Hours to talk with our coach certification coordinator and a certified Scaling Up Coach. Learn More & Register for Office Hours here >
SCALING UP WORKSHOPS:
Engage your team with interactive Scaling Up workshops. Here's our list of workshops
Hong Kong/Singapore – Nov 7, 2024 (Virtual)
Chile – Nov 12, 2024 (Virtual)
Melbourne, Australia – Nov 12, 2024 (In-Person)
United Kingdom – Nov 13, 2024 (Virtual)
Sydney, Australia – Nov 14, 2024 (In-Person)
Ontario, Canada - Nov 14, 2024 (Virtual)
San Francisco, CA – Nov 19, 2024 (Virtual)
Paris, France – Nov 26, 2024 (Virtual)
Franklin, TN – Dec 5, 2024 (Virtual)
Chile – Dec 10, 2024 (Virtual)
San Antonio, TX – Dec 10, 2024 (In-Person)
Pune, India – Dec 12, 2024 (In-person)
Ontario, Canada - Dec 12, 2024 (Virtual)
San Francisco, CA – Dec 18, 2024 (Virtual)
Columbus, OH – Jan 10, 2025 (Virtual)
Washington, DC – Jan 28, 2025 (In-Person)
Sydney, Australia – Feb 20, 2025 (In-Person)
Planning to Exit – Critical Whitepaper
Selling your firm, for its maximum value, is the most important negotiation in which a business owner will participate. You are typically negotiating with sophisticated buyers who have done hundreds of acquisitions whereas this is often your first rodeo. And these buyers have a formula for ripping you off – and it works, stealing tens of millions from you. Seeking help, owners discover the big M&A firms, especially those specializing in your industry, are more beholden to the buyers than the sellers (they will tell you otherwise). Email me to get a whitepaper on how to maximize your valuation and avoid the psychological games buyers play [email protected].
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