Mehr tun, als eigentlich nötig ist

0:00Do more than what is required. So, I said this was a legal year, and so part of this was looking into compliance and other things that are kind of risks for any businesses as you get over a certain size. Because the bigger you are, the bigger the target that's on your back. And so, if you wish for success, you also wish for the pains that come with success. And as much as many people want to say like, "Ah, champagne problems or rich people problems." They are problems nonetheless, and I promise you they are still painful. And so, I would say you want to go above and beyond. So, what's interesting is you also want to become educated, right? Ignorance is not defense. Real. If you don't know a law exists, it does not exclude you from the consequences of it. And so, in realizing that, you have to be proactive in learning the laws of everything that applies to you, which is there are a lot of them. And now with AI, they can summarize some of these things, but like I almost I got like a a law degree this year on public, private. I just had a lot of law that I had to go through. And what I will say is that as much as people might, you know, poopoo it, I think by and large most laws are written with one good intent. And two, when you really follow the letter of the law, it kind of makes sense. And so, I want to crush everyone and play by the rules. And so, once you know the rules, then you can you can almost play with more freedom because you just know where to avoid, right? Or what to what to Basically, you have to know what the rules are. I don't want to say you can bend them or break them because obviously that's we're talking about law, so should leave it there. But, you got to know the rules of the game that you're playing. And the law, as far as we're talking about business, those are the rules of the game. And so, how can we get into the game and try and win we don't even know the rules we're playing by. And so, that would say that to me it was like a a big thing that happened this year that I would encourage you to just look at the laws that apply to your specific business or industry or partnerships, and be very well acquainted with them. To the same degree also rereading the contracts that you have in like your employment agreements, your partnership agreements. It's just good to know like what what what tools do I have at my disposal right now? And what expectations are do I do other people have of me that I'm unaware of?

1:59And that was hugely enlightening and also that has just allowed me to sleep so much better. And knowing these things has allowed me to take what would otherwise be very stressful. I mean, imagine eight losses, it's a lot of losses, right? Something that would have otherwise been very stressful and say, "Okay, I understand the variables. We will take these actions. I don't need to have any more cycles on this. Next thing." Cuz that's where the law the lawyer stuff will eat up your bandwidth. It eats up your shower time. It eats up your dinner time. It eats up your you're staring out the window when you're driving in the car. That's the cost of being in legal battles. But if you can minimize the cost of that by saying, "I understand where the conflict is and I know what steps I'm going to take and I have documentation to provide these things, you can you can actually circumvent the vast majority of the pain and suffering that goes along with it."

2:43Which gives you a significant strategic advantage when you're in extended conflicts. Real quick, if you're a business owner and you're not growing as fast as you'd like, I'd like to give you a free gift. So, my team and I put together the $100 million scale your business roadmap, which is basically 200 hours of us looking over all the portfolio companies we've had and what stages of growth they went through and more importantly where they got stuck and how they got past it. And so, we broke it into these 10 stages and we made this little kind of quiz thing where if you put in your business information, it'll tell you where you're at and the most important part for you, what to do for each of functions of the business across product, marketing, sales, customer success, recruiting, IT, human resources and finance. And so, no matter what you're struggling with, someone else has already struggled with it and solved it. And so, I'd like to give you this thing absolutely free. You can go to acquisition.com/roadmap, plug in your business information and if you want us to actually help you deconstruct the business and you're trying to scale, we'd love to help you out on the thank you page you can just book a call with my team and we will look at the business, see if we can help and if we can, we'll invite you out to Vegas and we'll do this in person live.