Hey Reader!
Due to the overwhelmingly positive response to a newsletter I sent two weeks ago, I wanna try something new. I like James Clear’s 3-2-1 format, so I’m going to steal like an artist. In this edition, you’ll find:
- 3 Insights I’ve learned from others
- 2 Tiny Thoughts from me
- 1 Article that I’ve written
Read until the end, then let me know what you think via the survey.
Let’s dive in. 🤿
Insights
*
The Gratification Window.
“Burnout is not what it presents: it’s not about working too hard for too long, burnout is about working in the face of a goal that seems too far out, too unattainable, too abstract.
Everyone has what I’ve come to call a “gratification window,” the period of time in which there must be a believable reward in order to stay motivated. As exemplified in the
Marshmallow Test, kids can have notoriously short gratification windows. Founders probably have some of the longest gratification windows—willing to work years or even decades to realize a goal. Most people lie somewhere in the middle.
The principle of a gratification window applies to all of us. So long as there’s something tangible, believable and motivating within their gratification window, great people will happily work long, smart, and hard—often with remarkably little rest. When there’s nothing in the gratification window, even great people feel burned out.”
— Blake Scholl (Source)
**
No one starts a company saying: “I have a great idea for distribution.” But maybe they should? First time founders worry about product, second time founders worry about distribution.
– Justin Kan
***
The most valuable skill I've learned is disconnecting input from output.
It works for literally anything:
- Gym
- Diet
- Skills
- Business
- Investment
Do. Repeat. Wait.
Willpower is a cheat code.
— Marc Louvion (Source)
Tiny Thoughts
— 1 —
Everything you want lies on the other side of a hard conversation. We avoid them. I certainly do. Because they’re inherently hard – and yet so relieving every time you have one of them. You can either choose the easy route today, and avoid these conversations, which will lead to a hard life down the line. Or you could take the hard route today, leading to an easy life down the line. Your choice.
— 2 —
The “would-you-do-this-yourself” Razor. A good indicator about the quality of your content is whether you’d read it yourself. Apply accordingly: Would you date someone like yourself? Would you buy the service that you sell? If the answer is no, chances are there’s a lot of work that still needs to be done.
Article
When writing the Generalyst Manifesto, I initially included a section about my beliefs on how to run a successful service business. I believe that the in overcrowded markets, you don’t stand out by business model innovation, you stand out by getting the basics right.
Every successful business has three components:
Ask
Please give me feedback (just takes one click):
| How did you like this new format? |
|
|
|
|
|
|
Hope you have a wonderful week. The sun's shining, summer break is definitely over, good time to get after it.
LFG. 🔥
PS: This Hari guy surely must have a lot of time on his hands, given that he develops all these cool products. Turns out: he's also the VP of Product at LinkedIn. His output blows my mind. 🤯
|
That’s it. Thanks for reading. If you liked this, please share it with one friend. If you didn’t, please let me know so I can improve this newsletter.
With ❤️ from Dominik.
|
