Professional Documents
Culture Documents
Everyone talks about growth. But most people speak in abstract
terms. Or discuss tactics without explaining the strategy or the
“why” behind those tactics.
Growth isn’t a single marketing channel. It’s not a single hire. And it’s
definitely not the same for every company. Raising money from
investors also doesn’t guarantee growth.
So what is growth?
Growth is an “always improving” founder mindset, combined with a
plan that’s executed to create minimal downside and unlimited
upside potential for the founding team, employees and customers.
If you’re looking for help to grow your business rapidly with less
stress, more fun and a lot more certainty, I wrote this book for you.
ABOUT THE AUTHOR
By all definitions, Mitchell Harper is a serial entrepreneur. Since
2001 he’s built 8 companies. Today he is the founder, CEO and
chairman of Insane Growth, where his mission is to directly impact
the growth of 1,000,000 businesses by 2027.
He has built companies in a variety of industries, including software
(BigCommerce, Interspire, Capital H Labs), online learning
(DevArticles, Insane Growth) and real estate (Harpdev).
Combined, his companies have generated over $250,000,000 in
total sales and have helped over 250,000 customers. He is also a
top writer on Medium and LinkedIn where over 4,000,000 people
have read his essays.
Mitch advises over a dozen companies on how to grow faster. He
lives in Sydney, Australia with his wife and two kids, is an NBA
addict, gym junkie, a voracious reader and avid traveller.
DEDICATION
I dedicate this book to my two amazing daughters. If they read this
book when they’re older, I’d like them to take away 3 important
lessons that have helped me throughout my life.
First, always share what you learn with others. Help them achieve
their hopes and dreams while you’re busy achieving yours. Success
is a team sport that everyone can (and should) be a part of.
Second, you can do anything you dream of if you’re willing to put in
the work, find the right mentors and enjoy the journey.
Third, always optimize your life for happiness and not financial gain.
If you truly love what you do every day, that’s a life well lived and
everything else will take care of itself.
WANT TO KNOW WHAT IT REALLY TAKES
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TABLE OF CONTENTS
FOCUS
AMBITION
PATIENCE
STRESS
CULTURE
PREDICTABILITY
HIRING
DELEGATION
DEFENSE
MOTIVATION
CHAPTER 1: FOCUS
Fred Wilson’s now classic post What a CEO Does, argues that a CEO
really only needs to do three things:
2. Recruit, hire and retain the very best talent for the company
At first glance, you might think this is an overly simplistic way to
look at the role of a CEO in a fast growing company, but when you
think about what you spend most of your time on, your activities
probably boil down to one of these three things — or at least, they
should.
— You understand the market, the competition and the rate of
change better than anyone in your business — that’s why you’re the
CEO, so you need to keep that in mind and realize that while you live
and breathe your business, not every single one of your employees
will
— Try your best not to flip-flop between strategies too often. It’s
inevitable that the market will change and you’ll want to zig instead
of zagging, but try to limit a complete change in strategy to no more
than once a year.The bigger your company is, the harder it becomes
to turn the ship to go in the direction of a new strategy, meaning
additional cost, complexity and confusion for your employees
— Plan your new hires at least two quarters out if possible. There’s
lead time to find amazing people, regardless of whether you have a
strong network or not
— The best people don’t take a new job because you have a great
kitchen or a chef — they want to work in industry-defining
companies with a big vision and huge potential upside where they
can make an impact. Sell that possibility aggressively.
— Focus on the person you’re hiring more than their resume. What
makes them tick? What are they passionate about? Are they humble
despite success in the past? What do they value and how do they
handle tough situations? Skills can be taught, personalities cannot
be changed
— There’s a fine line between fast growth and spending too much
money. You can grow fast while keeping your cash burn in check
and it’s better to grow slightly less than having to fire half of your
people because you’ve overspent and can’t raise another round of
funding
— The earlier you can understand where you’re cash efficient and
where you’re not, the sooner you can fix those leaky funnels and
spend your cash more wisely
Of course, there’s a lot more to building a fast growing company
than just Fred’s three points and my tips for each, but hopefully you
find them useful.
CHAPTER 2: AMBITION
The media would have you believe it’s all or nothing. Black or white.
You’re either aiming to knock it out of the park and make a billion
dollars, or you want to build a small lifestyle business.
For every Uber there are 1,000 businesses you’ve never heard of
making insane amounts of money. They don’t have PR firms. You
won’t see their founders on magazine covers. And that’s just the
way they like it.
The media would have you believe that “go big or go home” is the
only way to build a successful company, especially if you’re in
software or technology — we’re bombarded with stories of billion
dollar companies every day.
If you start with the end in mind (or at least a rough idea of it), you
can chart a course for your company that brings success on your
terms.
You know what’s worse than failing? Spending years of your life
building a company that’s successful based on other people’s
definition of success and not your own. That’s the trap you can fall
into if you don’t define success up front and on your own terms.
The scary truth is that not every founder is cut out to build a
billion-dollar business, not every idea has billion-dollar potential and
not every team can stick it out long enough to capitalize on a
billion-dollar opportunity.
There are really 6 things you need to consider when trying to
determine what your definition of business success is.
They are:
If you want to build the next Uber or Airbnb, you’d better be
prepared to raise a heap of money, dedicate every single waking
moment to your business for the next 7–15 years and be
comfortable knowing your chance of success is about 1 in 1,000.
If that’s not appealing, then you might want to think about the
alternate option — building a good, solid, (gasp!) profitable
business that grows a bit slower, by reinvesting profits and
continually improving your product.
Sure it might take a bit longer and you might not get featured on the
cover of a magazine or be on any of those “Top 10” lists, but you’ll
sacrifice less, enjoy the ride and have a better chance of achieving
some sort of work/life balance after the first few years if that’s
important to you.
Not every company can be (or should be) a unicorn. If you start with
your own definition of success, then at least you know the
risk-versus-reward ratio and can decide whether you’re willing to
give it a shot or not.
CHAPTER 3: PATIENCE
I’ve always been a short-term thinker and planner. I find it hard to
plan over a time period longer than about a year.
The problem with short term thinking, though, is that it can turn you
into an incremental thinker - when, really, you want to be a
step-function thinker.
Any new company I launched, any new hobby I started, any new skill
I wanted to master or any relationship I wanted to nurture needed to
be focused on long-term outcomes, not short-term quick wins and
incremental gains.
When I think about the people I consider role models, such as Elon
Musk, Michelle Obama, Arnold Schwarzenegger, LeBron James and
others, they all have one thing in common — it took them decades
to get to where they are right now.
Which to me, says their default method of thinking and planning is
long term. Otherwise most of them would’ve quit before they even
started.
It’s not easy to create and mass produce an electric car, inspire a
nation of children to exercise or win multiple NBA championships.
These endeavors, by default, require patience and a long-term
commitment.
What seeds am I planting today that will turn into trees in 1, 3, 5, 10
and 20 years from now?
Bill Gates famously said “Most people overestimate what they can
do in one year and underestimate what they can do in ten years”.
And I’ve found that’s true 100% of the time.
But if I keep watering those seeds, stay patient and focus on the
long term, I’ll have multiple trees under which I can catch some
shade in 3, 5, 10 and even 20 years from now.
“The best time to plant a tree was 20 years ago. The second best
time is now.” — Chinese Proverb
CHAPTER 4: STRESS
It has more to do, however, with what you (the CEO) tell yourself
every day during those “internal conversations” that play out in your
head.
There are also certain ways you can look at problems to quickly
figure out if they’re potential “company killers” or if they’re just
bumps along the way.
— Outcome
— Chance (%)
— Stop
— Start
— Keep Doing
1. Best outcome
2. Worst outcome
3. Probable outcome
Chance (%) is the chance of that outcome happening. It’s a
percentage from 1 to 100. In the “stop” column, list the things you’d
stop doing if that outcome came to fruition. In the “start” column,
list things you’d start doing if that outcome came to fruition. In the
“Keep Doing” column, list things you’d keep doing if that outcome
came to fruition.
Pretty simple stuff, but writing down each possible outcome and
looking at things objectively and rationally can help get the
negative, fearful thoughts out of your head extremely quickly,
especially when you realize the chance of the worst outcome
actually happening is probably tiny.
Don’t ever be embarrassed to share your problems and ask for help.
The best entrepreneurs are the most vulnerable and the most
opening to learning and listening to others.
Your closest competitor just raise $100M. Or they went public. Or
they won a big customer. Or they hired a smart executive. Who
cares?
Spending too much time thinking about your competitors will run
you into the ground. Instead, dial up the time you spend with your
customers. If you’re not spending any time with them, now’s a great
time to start.
Just email a few and ask them to catch up for a chat. Ask about
their business, how they use your product and what you can do to
make it better. The main thing you’ll get out of this is real, authentic
feedback from paying customers who LOVE what you do. And that
positivity will rub off on you and how you feel. Trust me.
He’s the master of human psychology, plain and simple. Just go to
Youtube, search for “Tony Robbins” and choose a few videos. After
an hour you’ll feel like a different person and will get more clarity
and a better perspective on what’s important and your current
situation.
Another easy one. Write down 5–10 things you have today that you
didn’t have 5 years ago. This will bring about feelings of gratitude,
which will help release dopamine — the “happy chemical” in your
brain.
When you write this list, don’t list “stuff”. Write down things about
your business, your family (wife/husband, kids), places you wanted
to visit that you’ve been to, people you’ve helped, books and people
that have changed your life, etc.
If you’re a few years in, you’re just getting started. 98% of big,
important companies took at LEAST 7–10 years to make their first
mark on the world. Building an enduring company is a marathon not
a sprint. Step back and put this into perspective whenever short
term problems are clouding your long-term view.
What’s the one thing you do that excites the hell out of you? It
should take 100% of your focus and make you feel amazing when
you’re done.
Suppose your company fails. What’s really the worst thing that can
happen? You have to start again? So what. Your lifestyle takes a bit
of a hit? So what. Your pride gets crushed? So what. You have to tell
investors you’ve lost their money? That’s hard to do, but they’ve
baked your small chance of success into their models.
The odds of everything falling apart are so small that most times it’s
not even worth considering — and that’s from someone who's been
so close to the wheels falling off dozens of times in the last decade.
You might come close, but the wheels rarely, if ever, fall off.
David Sacks was, until recently, Zenefits’ new CEO. He was hired by
the board to turn the ship around, which he’s since done. Putting all
of that aside, the stories and scandals coming out about Zenefits
really got me thinking about culture — and two points specifically.
First, how it all starts and ends with the founder, no excuses, no
exceptions. And second, how hard it is to change course once
you’ve achieved some sort of critical mass in terms of headcount.
The culture of a startup is really born from how the founders views
the world and what they will or won’t sacrifice to grow. A lot of it has
to do with their upbringing too. What were they taught by their
parents? How straight is their moral compass? What do they believe
to be true about competition and winning? What does being a
founder mean to them and is it all about the money, or is it about
building a legacy that outlasts them? Will they hire someone who is
functionally great, but morally bankrupt? Etc.
When you make sacrifices in the right way, you do so with integrity
and honesty. For example, you might sacrifice time away from your
family to open a sales office in another country. Or you might sit
through dozens of interviews to find the perfect person because
you won’t sacrifice your hiring standards. Or you might pull endless
midnight shifts to make sure your next product release is perfect.
You treat people as numbers, cogs in your wheel to get ahead no
matter what. When you’re done with them, you replace them. You
don’t place too much emphasis on culture because, fuck it, “that
doesn’t matter here”. And you don’t worry about your reputation
because once you sell your startup for $100,000,000,000 you won’t
give a shit what people think of you.
They don’t tolerate liars, cheats and people who are only in it for
themselves. They are selfless and put their employees and
customers ahead of everyone else — including themselves, their
investors and their board.
These are the traits of the best founders I know. And these are
people running companies which collectively generate billions of
dollars in annual revenue. They all work hard, are honest people and
shake their heads when they hear about the Zenefits story. Because
they know from experience, there’s a completely different way to
grow a business.
Founders who are primarily focused on the money or the short term
tend to take the view that nothing but growth matters. Ironically,
though, the best way to grow is to hire people who share the same
views on the right way to win — as a team, honestly, with integrity
and while serving customers so amazingly well that they tell
everyone about you.
When you experience that, it’s magic. Everyone pulls in the same
direction, based heavily on the voice of the customer. They support
each other and help out where they need to. When someone tries to
take a shortcut or cheat, they’re called out not by the founder, but
by their peers.
The culture takes on a life of its own because the founder made the
right kind of sacrifices early on. They didn’t lie, cheat, break the law
or take dishonest shortcuts. They put in the work, hired the people
and never put revenue ahead of their honest intentions.
That’s the kind of culture that makes a business great from day one
and continues to keep it great on day 10,000. And it all starts and
ends with the founder.
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CHAPTER 6: PREDICTABILITY
Since 2001 I’ve built (and sold) companies in a variety of industries
including software, real estate, online education, consulting and
professional services.
After growing my first few companies, I realized there are really just
4 things we need to get right as founders to build our businesses to
$10M in revenue and beyond.
1. Understand the PAIN in your market and show them your “pain
killer”
You’ve probably heard this before, but it bears repeating — the
best products don’t win, the best marketing does.
Once you understand that pain in excruciating detail, you need to
“regurgitate” it back to them in a way that’s clearer than they can
describe on their own.
You then need to talk about your “pain killer” (the product/service
you sell) and how it will eliminate their pain quickly.
At the end of the day the point is the same — you need to
“architect” a constant flow of leads and customers to your business
that just works. Day in, day out.
Within a few short months, you’ve delegated what I call your “low
value” tasks to your team. This gives you: 1) a lot more free time and
2) time to work on the business instead of in it.
When you work on your business, you get clarity. You see new
opportunities for growth. You attend conferences, events and
roundtables and meet smart founders who help you come up with
even better ideas.
And your business starts to grow faster while the time you spend in
your business continues to drop, month on month.
Then I got my first business coach. That year we did $2M in sales
and the following year we did over $5M.
It was incredible.
2X Thinking Is “What Can I Do?”. 10X Thinking Is “Who Can Help Me?”
CHAPTER 7: HIRING
I’ve interviewed close to 1,000 people for all sorts of roles during my
career as an entrepreneur. From sales to marketing to engineering
to customer service to management and even CEOs and board
members.
When I started interviewing, I’d estimate my hit rate was right
around 50%, which means only 1 in 2 candidates would be a good fit
for the role. Over the years and as I continued to interview and hire, I
started to see the “real life” impact of hiring A-players.
If you haven’t heard the term “A-players” before, don’t feel bad.
Here’s a quick rundown — when it comes to people in the context of
work, you can generally group them into 3 categories:
— A-players: the top 5% of people. They work hard, go over and
above, are well liked and respected and typically move “up the
ranks” fast.
— B-players: most people. They do the 9–5 thing, do their job well
and are generally the “good not great” people.
— C-players: the bottom 10%. They do just enough to scrape
through, don’t volunteer to take on new projects, like (and cause)
conflict and have little to no personal accountability or
responsibility.
In terms of hiring, your managers are A/B/C players too, which
means:
— A-players love to hire other A-players and build teams of super
smart people that love to win. They genuinely want to be the
“dumbest” person in the room and love learning from those around
them
— B-players hire C-players because they’re worried about someone
coming in and taking their job
— C-players don’t really hire (too hard/too lazy), but if they do, they’ll
pretty much take whoever comes along
So obviously you want to hire A-players, right? Good. Before writing
this book, I sat down and thought about all of the A-players I’ve been
fortunate enough to hire over the years — most of which are still
happily working at those companies today.
I thought about the commonalities between them and what “makes
them tick” and I also thought about my actual interviews with them
— even the interviews back in the early 2000s. When I asked myself
“What do they all have in common that makes them an A-player?”, I
came up with a series of personality traits and past experiences.
I then looked at it from another angle and came up with 7 questions
you can use in your interview process to give you a much better
chance of finding and hiring them.
Here are those 7 questions:
Q1: Have they been promoted at least once in a previous role?
A-players are great at what they do and good managers will pick up
on that fast, offering them more responsibility and eventually a
more challenging role. Look at their LinkedIn profile and see if, at
any of their previous companies, they’ve been promoted. Once is
great, twice is amazing and three times is out of this world.
Q2: Have they had to lead a big project in a previous role? How did
they handle it?
A-players like to take on more responsibility over time, not less.
Have they had a previous manager that was so confident in their
abilities that they were given a large or important project to run on
their own?
Q3: Is this the same role as a previous job or is it
somewhat/completely different?
A-players love challenges. I found that most A-players don’t change
companies so much as they change roles — because they like the
challenge of constantly learning new things and being in new
situations.
Q4: Can they speak about your company and tell you what they like
and what they might change?
A-players do research on a company before an interview. They try
to understand your strategy, what’s going well and even what’s not.
Can they clearly articulate what they like about your company but
also provide some constructive feedback on something you might
want to change?
If they don’t know what your company does or they have no opinion
(positive or negative) about it, that’s a red flag.
Q5: Are they confident without being cocky?
This is a fine line. A-players have great track records and you want
someone who talks a lot about being on great teams and having
great managers and mentors, not someone constantly saying “I this,
I that”.
Q6: Are they committed to continual learning? Can they prove it?
A-players love learning new skills. Ask them what they learned in
their previous role. Ask which book they’re currently reading. Ask
what they plan to learn in the next 6–12 months and how they’ll go
about doing that.
Q7: How would you rate the quality and quantity of questions they
ask YOU during the interview?
A great interview is always a conversation — it’s never one-sided.
Look at the quantity and quality of questions they ask YOU.
A-players care about the team they’ll be on, their manager and
where you want to take your company moving forward.
Remember, hiring A-players isn’t a science. There’s a lot more to it
than asking the 7 questions above, but in my experience it’s a great
place to start. You also need to trust your gut, check references,
assess if they’re a great cultural fit and most importantly ask the
people on the team they’ll be a part of whether they’d like to work
with them or not.
CHAPTER 8: DELEGATION
“Once you build out your executive team you’ll have so much time on
your hands you won’t know what to do with yourself!” said one of our
investors.
We’d just raised our $20M series B for BigCommerce in 2012 and
upon hearing that, I thought “Ha, yeah right! I don’t have time to do
anything but work and that won’t change!”.
Back then our “executive team” was me, Eddie (my co-founder) and
Rob —who is BigCommerce’s CFO, COO and culture beacon. We
were a force to be reckoned with, but we were just 3 people.
“Your job as an executive is to edit, not write. It’s OK to write once in
a while, but if you do it often there’s a fundamental problem with
the team. Every time you do something, ask if you’re writing or
editing and get in the mode of editing.”
Good CEOs are busy working “in” the business for the first few years.
That’s just how it is. You wear 7 different hats. One day you’re
answering a support ticket, the next day you’re interviewing a head
of marketing.
You start to nod in agreement more, trust your team and think to
yourself “wow, this is one hell of a team we’ve been able to build!” .
You delegate more, question less and start to see the big picture.
And that’s how you become less busy working “in” the business. But
you’ll always be working “on” the business. That’s why you’re the
CEO.
CHAPTER 9: DEFENSE
— Starting a podcast
— Starting a publication on Medium
Defensible assets take time, aren’t cheap (they need sweat equity
or cash to hire someone) and won’t show a return for a while, but if
you plan to be in the game (and winning) in 5 years from now, they
are crucial to not just your future success but also to get off the
“pay per click treadmill” that so many businesses find themselves
on.
So where do you start? If you’re already investing in PPC, email
marketing, etc, aim to add just one defensible asset to your
business each month:
— In October you might create a resource guide (like this one from
Helpscout)
These assets accrue in value over time. Not directly, but indirectly
by acting as magnets for visitors, leads and customers - and also
helping you dominate search rankings on Google (if you build
enough high-quality backlinks to each piece of content).
Don’t give up the PPC, but start to compliment it. That would be my
final piece of advice.
CHAPTER 10: MOTIVATION
Here are 58 powerful quotes that have kept me focused and moving
forward as an entrepreneur since 2001:
“The greatest danger for most of us is not that our aim is too high and
we miss it, but that it is too low and we reach it” — Michaelangelo
“The more a person seeks security, the more that person gives up
control over their life” — Robert Kiyosaki
“You’re either an entrepreneur, artist or manager. Spend most of your
time in that role and you’ll be fulfilled”
“Dreamers dream dreams and rich people create plans and build
bridges to their dreams”- Robert Kiyosaki
“If you don’t believe in yourself, you don’t take massive action.
Instead, you take small action which validates that in fact, you
weren’t good enough to achieve something huge.”
“The only thing standing between you and your goal is the bullshit
story you keep telling yourself as to why you can’t achieve
it” — Jordan Belfort
“It’s never too late to reinvent yourself for the next chapter”
“One of the huge mistakes people make is that they try to force an
interest on themselves. You don’t choose your passions; your
passions choose you” — Jeff Bezos
“It’s not what we get that makes us happy, it’s who we
become” — Tony Robbins
“If you keep moving in the right direction you’ll get your dream or
something better”
“If you don’t know where you’re going, any road will take you there”
“If you wait until you feel like doing something, you will likely never
accomplish it” — John C Maxwell
“Passion is the bridge between goals and accomplishment”- Jim Rohn
“In life you have three options with any situation that is a challenge.
Remove yourself from the situation, change it, or accept it” — Dr Phil
“You do things when the opportunities come along. I’ve had periods in
my life when I’ve had a bundle of ideals come along, and I’ve had long
dry spells. If I get an ideal next week, I’ll do something. If not, I won’t do
a damn thing.” — Warren Buffett
“You can’t sit at the table of success for too long or you’ll feel bored
and dead” — Tony Robbins
“It doesn’t matter what you achieve, if you don’t keep growing you’ll
feel dead”- Tony Robbins
“To influence yourself, you have to ask better questions” — Tony
Robbins
“If you’re bored with life, if you don’t get up every morning with a
burning desire to do things — you don’t have enough goals” — Lou
Holtz
“We are kept from our goal not by obstacles but by a clear path to a
lesser goal” — Robert Brault
“Visualize how you want things to be and then diligently work on a plan
to make that your reality”
“The person who has the guts to ask themselves ‘Why?’ at least once a
week, and be totally honest with themselves about the answer, is
already twenty steps ahead of their smarter, more experienced
rival” — Mark Bouris
“Self belief will always push fear away, but you need to always
practice self belief otherwise fear will come back and tap you on the
shoulder” — Mark Bouris
WANT TO KNOW WHAT IT REALLY TAKES
TO GROW YOUR BUSINESS?
If so, make sure you subscribe to the Insane Growth podcast. Via
new weekly episodes, you'll learn strategies to: