First figure out your partners, then figure out what ideas to pursue. The most important thing isn’t the market you target, the product you develop or the financing, but the founding team.
JAMES C. COLLINSYou absolutely must have the discipline not to hire until you find the right people.
More James C. Collins Quotes
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Whether you prevail or fail depends more on what you do to yourself than on what the world does to you.
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The challenge is not just to build a company that can endure; but to build one that is worthy of enduring.
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Bad decisions made with good intentions, are still bad decisions.
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The only mistakes you can learn from are the ones you survive.
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Those who turn good organizations into great organizations are motivated by a deep creative urge and an inner compulsion for sheer unadulterated excellence for its own sake.
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Great companies foster a productive tension between continuity and change.
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Mediocrity results first and foremost from management failure, not technological failure.
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The only way to make any company visionary is through a long-term commitment to an eternal process of building the organization to preserve the core and stimulate progress.
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If I were running a company today, I would have one priority above all others: to acquire as many of the best people as I could. I’d put off everything else to fill my bus. Because things are going to come back. My flywheel is going to start to turn.
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The best CEOs in our research display tremendous ambition for their company combined with the stoic will to do whatever it takes, no matter how brutal (within the bounds of the company’s core values), to make the company great.
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A great company will have many once-in-a-liftetime opportunities.
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There is a sense of exhilaration that comes from facing head-on the hard truths and saying, “We will never give up. We will never capitulate. It might take a long time, but we will find a way to prevail.”
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Genius of AND. Embrace both extremes on a number of dimensions at the same time. Instead of choosing a OR B, figure out how to have A AND B-purpose AND profit, continuity AND change, freedom AND responsibility, etc.
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Creative leadership impact increases in your 50’s. When I turn 50 I want to say, “Nice start!”
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Level 5 leaders are fanatically driven, infected with an incurable need to produce sustained results. They are resolved to do whatever it takes to make the company great, no matter how big or hard the decisions.
JAMES C. COLLINS