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ROI thinking favors quick wins.
Opportunity Cost thinking favors big wins.
Opportunity Cost thinking requires you to focus on the highest impact things you could possibly work on and then make those things happen.
Advanced Time Management...
@shreyas on Twitter
__**How WorkHack makes decisions**__
We want to meet the goals we set for ourselves and move quickly enough. To optimise for that I was listing down the things I care about and in what order to make decisions.
This should be useful for you too when making choices at WorkHack —
**Results:**
- Does this bring us closer to the immediate goal?
- Does this bring us closer to being a $100 billion revenue company?
- How strong is the correlation of the decision/action to the goal
- Are there other similar/alternatives to this decisions with a higher correlation to the goal (what else can move the needle)
**Runway:**
- How much runway does it reduce over a year's time? If not more than month (xx lakhs), feel free to make the decision yourself
- Is this reversible expenditure? If you want to use a tool that you think would bring us closer to the goal but reduce the runway— would you be able to terminate or update your decision.
**Reputation:**
- Is this going to impact our current and future customers?
- Is it going to reduce our ability to make good hires?
**Ruminations:**
- How do you feel about this decision today? If extremely positive, and it clears the first 3 bars, then go ahead and make the decision.
- If it clears the three bars but you're still confused, take a gut call.
As long as you've used this framework and can answer the questions neatly, you'll not have to seek permission from me or anybody at WorkHack.
Ofc the outcome of these decisions may still not be desirable, but that's okay as long as you followed through with the process.
We want to build a company with extreme trust, with all the engineers or PMs or everybody being empowered to make decisions for themselves, including monetary ones.
Workhack Principles & Processes
Akshat or Workhack Colleagues
“Knowing is not enough, we must apply. Willing is not enough, we must do.” ~Bruce Lee
More Information Is Not the Answer; More Action Is
Carl Phillips
...catch up on these, and many more highlights
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