My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Back to Beliefs
Experience almost always trumps potential in critical business roles
Evidence
Consistent pattern of experienced hires delivering 5-10x better results despite 2-3x higher cost
Implication
Budget more for experienced talent in key positions rather than trying to develop junior talent
Counter Belief
High-potential junior talent can be developed into superior performers with proper mentoring
Example Application
Startup allocates 60% of hiring budget to proven senior talent rather than spreading across many junior hires