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- 00:00: Cody’s case for doing many things at once
- Cody argues that it’s good to pursue new interests and not get stuck doing one thing.
- He shares that many successful people, like billionaires and entrepreneurs, have diversified businesses.
- The key takeaway is that it’s important to find a system that works for you, even if it’s not the traditional “one thing” approach.
- 02:05: The 3 secrets to managing multiple businesses
- Decentralized management: Hire talented people, empower them to make decisions, and focus on high-level oversight.
- Rip off and duplicate: Learn from successful models and adapt them to your own businesses.
- Don’t drown in data: Track key metrics that tell the story of your business performance, but avoid getting bogged down in details.
- 05:06: Building your management team
- Your first hire should be someone who can manage the overall business, like a CEO, CSO, or chief of staff.
- Think in terms of “teams of teams” where you are the interface, not the bottleneck.
- Delegate tasks and empower your team to take ownership.
