Is chaotic fast growth with lots of mistakes better than perfect (but slow) execution?
MOBE Daily #162

"Move fast and break things. Unless you are breaking stuff, you are not moving fast enough. "

Move fast and break things. Unless you are breaking stuff, you are not moving fast enough. Mark Zuckerberg
Read more at:
Move fast and break things. Unless you are breaking stuff, you are not moving fast enough. Mark Zuckerberg
Read more at: The battlefield is a scene of constant chaos. The winner will be the one who controls that chaos, both his own and the enemies."

~ Mark Zuckerberg


If you give me a choice between slow, perfect execution and rapid-fire imperfect execution, I’ll take the latter any day of the week.

And it’s what I’ll recommend to any new business owner as well.

That’s because they’ll find their optimum sales process faster, learn much faster about what works (and what doesn’t).

Fast execution without having all the finer details figured out can seem reckless to some. And maybe it is. But most of all those little details which can and do go wrong can be solved on the fly.

I didn’t always operate this way though. My first two years in business were very slow, and not for lack of trying. I was doing everything I could, but it wasn’t for a good few years that I started doing $10,000 per month consistently.

With my new found momentum, the pace began to speed up even more. 15k in a month. Then to 45k in a month. Then to 81k. It was crazy. Everything was moving so fast that I could barely keep up, but somehow I kept the business together.

Throughout the next 12 months, the size of my team grew nearly as fast as my revenue. From a team of 3, to 10, to over 25 people – all in the same year.

This is where I started to notice that some people handled the fast-paced chaotic environment a lot better than others.

My advice to you is to hire people who’ve worked for a start-up before. Check their resume and make sure that in addition to working for big company’s, they also have experience in newer companies where they had to figure a lot of things out on their own.

There’s value of course in hiring people who’ve worked a major company’s before. They will have seen the inside of a much more organized and structured operation, and can hopefully bring some of that into your more chaotic environment to help you scale.

But if that’s all they have on their resume, then you don’t know how well they will handle a much messier environment. Many won’t like it, and will leave. Sometimes in the first week.

Don’t make your new business the testing ground to see if it’s for them – find people who’ve done it before in someone elses.

On to today’s lessons…

MOBE Daily#162-1

Stepping Out of Your Comfort Zone

Greatness only happens outside of your comfort zone. You already know this.

But stepping out of your comfort zone, by definition, is hard to do. It’s always easier to stay comfortable – to not quit your job, to stay in the shadows, to play it safe.

What causes people to flip the switch and start doing the uncomfortable thing they’ve been putting off for so long? Is it something you can duplicate?

In this video, filmed at the Platinum Mastermind in Curacao, Tom Beal talks about stepping outside your comfort zone.

MOBE Daily#162-2

5 Ways to Be Perceived as an Expert

In your marketing, you want to be perceived as an expert. You don’t want people to think of you as bumbling, amateur and someone who doesn’t know what they’re talking about.

A big part of being perceived as an expert comes from having years of experience.

But even if you’re relatively new, there are a handful of simple and ethical tricks you can use to enhance your public perception.

In this video, filmed at the Platinum Mastermind in Fiji, John Chow shares 5 of them.

MOBE Daily#162-3

Should You Set Up an Offshore Company

When you think about offshore companies, what comes to mind?

Usually, people think of some island in the ocean with palm trees, where you can set up a totally secret company that no one knows about. Your government has no idea what you’re doing and you can avoid paying any taxes.

In the past, you could do this. You could set up a company in an offshore jurisdiction and get a bank account that same day without ever being asked why you’re doing it.

These days, things have changed. If you try to open an offshore bank account, you’ll be met with questions about the beneficial owner and the purpose of the account.

However, offshore companies are still useful for other reasons. Richard Watson explains them in this video, filmed at the Platinum Mastermind in Kota Kinabalu, Malaysia.

Talk soon!

Matt Lloyd

Matt Lloyd
Matt Lloyd


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