We’re starting things off this week with a great call from Cathy in New York City. Cathy recently sold a piece of property that netted her more than a million dollars. Now Cathy is wondering what she should do to hold onto the money and not lose it all to taxes.
This year we’ve had some pretty impressive CEOs and entrepreneurs on the show. It continues today with Reid Hoffman. If you don’t know the name, you definitely know some of the products he was behind. How about PayPal or LinkedIn?
Today we’re joined by Hoffman and Chris Yeh, co-authors of the new book, Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies.
What entrepreneur or founder doesn’t aspire to build the next Amazon, Facebook, or Airbnb? Yet those who actually manage to do so are exceedingly rare. So what separates the startups that get disrupted and disappear from the ones that grow to become global giants?
The secret is blitzscaling: a set of techniques for scaling up at a dizzying pace that blows competitors out of the water. The objective of blitzscaling is not to go from zero to one, but from one to one billion, as quickly as possible.
When growing at a breakneck pace, getting to the next level can require very different strategies from those that got you to where you are today.
In a book inspired by their popular class at Stanford Business School, Hoffman and Yeh reveal how to navigate the necessary shifts and weather the unique challenges that arise at each stage of a company’s life cycle, such as:
How to design business models for igniting and sustaining relentless growth
Strategies for hiring and managing
How the role of the founder and company culture must evolve as the business matures
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.