🤖🚀 5 lessons from a $200m CEO

Read time: 4 mins…

Welcome back folks 🫡

This week’s Hyper Growth Blueprint covers:

• 🧔🏻‍♂️ 5 Lessons from Acquisition.com

• ⚡️ The power of A-Players

• 🪤 2 traps business owners fall into

• 🤖 Mega-Prompt of the Week: The WHW Framework

Let’s go… 👇

I’ve just returned from a week in Vegas.

The highlight was undoubtedly the 2-days I spent at Acquisition.com HQ.

The workshop was largely ran by the Acquisition.com team, with Alex & Leila making an appearance on both days.

I must say… I was seriously impressed with the calibre of the people they have in their team.

I got a chance to speak with all of their Senior Team and every single one was very impressive.

It reinforced to me the fact that behind every great business is a team of great people.

And that spending the time to find & recruit A-Players is worth every penny.

I learnt an absolute ton from them… so I wanted to share my biggest takeaways…👇

The Theory of Constraints

Every business will grow up until it’s current constraint and then no further.

Your job as a Business Leader is to:

1. Identify the current constraint

2. Allocate resources to solving it

3. Repeat

Aim to solve the right problem the right way.

Business is all about solving problems.

But it’s easy to fall in one of two traps:

Trap 1: Spending time and resource on the wrong problems.

Problems that are not your current constraint.

Problems that will not make you more money.

Trap 2: Solving the right problem, in the wrong way.

Imagine you spent £75,000 on a custom piece of software to remove 4-hours of admin work a week for a team member.

When instead you could have outsourced this for $10/hr.

Right problem, wrong way.

The WHW Framework

Alex gave me this frame for strategic decision making I & thought it was gold…

What is the problem solving for?

Is it doing one of three things…

1. Increasing the number of customers

2. Increasing the value of these customers

3. Decreasing Risk

If it’s not doing any of these… then don’t do it.

How can we solve it?

More - can we 10x volume?
Better - if we can’t do more of what’s working, can we improve it?
New - if we can’t do more or make it better, try something new.

Who is responsible for solving it?

Who needs to do this in order for it to work?

Do they have the capacity?

Do they have the skills?

A useful frame for making hard decisions:

Do I respect myself more or less by making this decision?

How to make things more valuable…

Make it faster.

Make it easier.

Make it certain.

Make it they way they want it.

Are you selling what you want to sell, or what they want to buy?

That’s all for this week - I hope you found it useful.

Take it easy,

Elliott ✌🏼

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Mega-Prompt of the Week 🤖

Make Strategic Decisions with the WHW Framework

This prompt utilises the WHW Framework outlined above.

Use it to get AI to assist you in identifying if you are working on the right problems, in the right way.

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