When you transition from being an employee to being a founder, You need to completely rewire your internal performance gauges. As an employee, you're rewarded for meeting or exceeding expectations. You can’t mess up. Your job is to impress your higher-ups. As a founder, the rules flip. Your #1 goal is to iterate as fast as humanly possible. Getting it right every time is completely unrealistic. Your job is to do as many things wrong, as quickly as possible, in hopes of finding the one thing...

"When I first started my business, I made a little simple financial model. It really wasn't impressive, but I could use it at least to track what was going on. Then I hired a Fractional CFO. They completely rebuilt my model and now it's much more sophisticated. Which is great, only now I have no idea how to use it. Now I just rely on them to run it and tell me what's going on. I have to ask their "permission" if I want to add anything to it, But mostly, I sorta just stay away from it." This...

For any solo founders out there who haven’t hired a team yet, A vote in the “just do it” camp: I was reviewing our model with a longtime client last week. He asked if we could add some additional functionality to it. I said, “Sure, we can look into that this month.” Wrote a little note in comments, And we moved on with the rest of meeting. This week, we opened up the model to review the weekly numbers And the new functionality was just THERE. Built, clean, and ready to use, As if by magic....