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Why the Best Entrepreneurs Are Resource Allocators, Not Armchair Critics

It is very easy to [music] Monday morning quarterback and to armchair be like, oh, well, of course, you know, just [music] like just make the food better. It's like it's very obvious to say that, but when you're running the actual business and like inventory's going bad and you're have to, you know, pick between organic and >> [music] >> and whatever chicken and you've got one staff member who's hitting on somebody else and you're debating whether you should, you know, interfere.

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Key takeaways

  • It's like it's very obvious to say that, but when you're running the actual business and like inventory's going bad and you're have to, you know, pick between organic and >> [music] >> and whatever chicken and you've got one staff member who's hitting on somebody else and you're debating whether you should, you know, interfere.
  • It's like you don't want to overstep your bounds as a boss and you've got rent due and you got payroll due and you got marketing dollars, you got leads you got to work.

Chapters

  1. 0:00
    Abschnitt 1 It is very easy to [music] Monday morning quarterback and to armchair be like, oh, well, of course, you know, just [music] like just make the food better.
  2. 0:30
    Abschnitt 2 >> [music] >> The big thing is this.

Full transcript

Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.

2 segments

0:00It is very easy to [music] Monday morning quarterback and to armchair be like, oh, well, of course, you know, just [music] like just make the food better. It's like it's very obvious to say that, but when you're running the actual business and like inventory's going bad and you're have to, you know, pick between organic and >> [music] >> and whatever chicken and you've got one staff member who's hitting on somebody else and you're debating whether you should, you know, interfere. It's like you don't want to overstep your bounds as a boss and you've got rent due and you got payroll due and you got marketing dollars, you got leads you got to work. It's like it's a lot of man.

0:30>> [music] >> The big thing is this. The best entrepreneurs are allocators of resources. It means they get more for what they put in, which means they [music] do two things better than other people. They're better at curating opportunities and then once they curate, [music] which means they see the opportunities, they then prioritize what they see. You heard that term strategy, it's [music] the curation and prioritization of opportunities with the limited resources you have to deploy. That is what it means.