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Key takeaways
- At every level of business, [music] there's new sacrifices that you didn't know you were going to have to make.
- There's tons of people work long hours in their business and [music] don't grow.
- He says, running a business is like staring at the abyss and eating glass.
- >> The staring out the abyss component of it is just the fact that this may never work and you're almost facing existential risk at all times to the business.
Chapters
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Abschnitt 1 At every level of business, [music] there's new sacrifices that you didn't know you were going to have to make.
Full transcript
Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00At every level of business, [music] there's new sacrifices that you didn't know you were going to have to make. Have a hard conversation. It's a different currency. Take on risk. It's a different currency. Because if it was just, oh, I have to work long hours. There's tons of people work long hours in their business and [music] don't grow. Elon says this really beautifully. He says, running a business is like staring at the abyss and eating glass. >> The staring out the abyss component of it is just the fact that this may never work and you're almost facing existential risk at all times to the business. And the eating glass component is that you will by nature of your role get funneled the worst problems [music] in the business and the problems that no one else can solve. And the thing is is that the currency that you pay for in the hardness changes.