Interesting and truly meaningful conversation we could all adopt almost regardless of our age and occupation. Particularly the 'Margin(s) of the Safety' concept! I work with entrepreneurs on their pricing to achieve exactly what you both agree on, establishing breakeven and that margin of safety for their business meaning low debt assured profitability and the ability to chart their own course on their own terms. Not on an investors terms which may be "grow, grow, grow" at (almost) any cost. 👍👍
This is a wonderful topic and perspective from Shane! In a similar, but different vein as a startup CEO, I often coach my leadership team on the value of vacillating between a feeling of complacency and panic. Complacency allows clarity in ordinary moments, but a sense of “panic” can create urgency and gut level decision making that can be extremely useful, if not for prolonged periods. Thanks for a great podcast Kyle!
