1. Clock Building, Not Time Telling:
• Focus on creating enduring, timeless products and services that will last the test of time.
• Avoid chasing short-term trends or fads.
• Build a company that can withstand the inevitable changes that will occur in the future.
2. Everything Should Change Despite the Core Ideology:
• While a company's core values and purpose should remain constant, it must be willing to adapt and change in order to survive in a competitive marketplace.
• Embrace innovation and be willing to experiment with new ideas.
• Avoid becoming complacent or resistant to change.
3. Create A Cult-Like Company:
• Foster a strong company culture that is shared by all employees.
• Create a sense of purpose and belonging among employees.
• Make employees feel like they are part of something special.
4. Continuous Improvement:
• Never stop striving to improve your products, services, and processes.
• Encourage a culture of innovation and creativity.
• Be willing to learn from your mistakes.
5. Use The Vision Framework To Start Your Own Empire:
• Develop a clear and compelling vision for your company.
• Articulate your vision to employees and customers in a way that inspires and motivates them.
• Use your vision to guide all of your company's decisions.
6. Leaders Are Key:
• Hire and develop leaders who share your company's values and vision.
• Empower leaders to make decisions and take risks.
• Create a culture of accountability and responsibility.
7. Think Intertemporal:
• Make decisions that will benefit your company in the long term, even if it means sacrificing short-term gains.
• Think about the impact your company will have on the world.
• Leave a lasting legacy.