A few weeks ago, In Costa Rica, I talked to a guy whose company did 7 million revenue its first year. Now, a couple years on, he and his cofounders are taking a 5 million dividend apiece and it’s growing fast.
I wanted to know why he can pull that off and I can’t. He’s 42; I’m 29. I asked what changed for him in the last 12 years. Was he always this good? Did he get lucky? Make the right connections? Is it the inevitable result of doing hard work?
The first thing he said was this:
Yeah, I was always this good. So were my cofounders.
I was a bit discouraged. I trust in myself to learn, but if the edge was there from day 1, then he could have a compounding advantage I’ll never catch up to. He continued:
Lots of people are, though. But it’s wasted.
I was also doing lots of stuff I wasn’t good at. The only thing I changed in the last 12 years is that I stopped doing those bits.
That was it. For him, at least. So he designed a company and team that allowed him (and his partners) to spend close to 100% of their time doing what they’re very best at. Raw talent is wasted if it’s busy doing the wrong stuff.