CEO @ Lomi & Pela Case -- Founded 4 companies. 1 great exit, 1 meh exit. co-Host of Operators Podcast. -- I like to write about the journey in my weekly email.nocompetition.media/profile My Newsletter →Joined July 2008
This is the Perfect P&L template to share with your org
4 quarter accounting
Provides % trends over time
Consolidates chart of accounts
Gives visibility into key operating inputs
I would make it a habit to share it every month
DM me for a copy
x.com/messages/compo…
You know how in Hunger Games Katniss would do a three finger salute as a unifying symbol for the various districts in their uprising against the totalitarian regime controlling their world?
That’s what excluding brand terms from pmax is today
Building a for-good company means you want to recruit (and retain) missionaries instead of mercenaries.
The challenge?
Mercenaries are great at disguising themselves as missionaries...especially when the carrot is attractive.
Building a strong purpose into your company is like using salt when cooking.
When used correctly, it can make any dish better. The opposite is also true...bleh.
Anybody here have a really good "media package" that they send out for sponsors?
Could be for email newsletter, podcasts...anything really.
I'm more curious than anything as to what these look like.
Don’t trust charity giving but still want to give back?
One of my favourite things to do.
When I’m buying groceries, I’ll pay for an elderly persons groceries in same line as me.
Direct impact. They often need it.
Being an entrepreneur is so fucking hard.
Combining for-profit with for-good when you build your business is increasing the level of difficulty to expert.
Totally worth it.
The entrepreneur who seems to only "win" is one of three things:
1 - Lucky
2 - Lying
3 - Not been at it long enough.
Don't just listen to the people who win, especially those that seem to have won quickly.
A simple 3 question framework for running a 15 minute daily huddle with your entire company.
We do this with our 100+ employees at Pela.
1 - Wins from the previous day (if any)?
2 - What are you focused on/working on?
3 - Any blockers?
Be cool today.
Make someone's day.
Build someone up.
Teach someone something.
Go out of your way to be kind to someone who deserves it.
Point is: if you want society to get better, you have to live what you would like that change to be.
It won't happen any other way.
🎯 from Senator @colindeacon here:
"Raising the inclusion rates of capital gains, a product of years of sweat equity and key to attracting and retaining talent, with no efforts to expand access to investment, sends absolutely the wrong signal to a highly mobile talent pool."
🎯 from Senator @colindeacon here:
"Raising the inclusion rates of capital gains, a product of years of sweat equity and key to attracting and retaining talent, with no efforts to expand access to investment, sends absolutely the wrong signal to a highly mobile talent pool."
I have watched great companies like Shopify and Tesla get called frauds/a scam for years.
Amazon, among other things, has been called a ponzi scheme (wtf?).
The iPod was called lame.
To all the haters with nothing better to do. We aren’t stopping.
People hate on entrepreneurs that end up getting an audience and monetizing it in some way
…but 90% of good entrepreneurs that get an audience end up leaning into it and using it as leverage to make money
…anyone who has done the grind of building someone without an audience…
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