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Key takeaways
- There are so many times in my business career where I incurred a cost of change for no change in revenue.
- If I don't think I'm going to see at least like minimum a 20% lift in topline, I just don't change it.
- A lot of times you roll out something you don't have 100% right because it either doesn't go the way you want or it doesn't get executed well or the plan just gets executed well just doesn't
Chapters
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Abschnitt 1 There are so many times in my business career where I incurred a cost of change for no change in revenue.
Full transcript
Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00There are so many times in my business career where I incurred a cost of change for no change in revenue. We have to be realistic about like how much more money do we really think we're going to make with this change. If I don't think I'm going to see at least like minimum a 20% lift in topline, I just don't change it. Any kind of operational change that involves people, I assume a a decrease or decrement in performance of 20%. For cost of [music] change. So my upside has to be at least 20 for it to be even a break even shot. And that's assuming of 100% hit rate. A lot of times you roll out something you don't have 100% right because it either doesn't go the way you want or it doesn't get executed well or the plan just gets executed well just doesn't …