People have told me that I have a knack for making analogies.
In a recent interview with WashingtonExec, I used the following analogy:
Every startup goes through two distinct phases. The “drill for oil” phase involves months, and sometimes years of exploration and trial-and-error. This can involve chasing any deal that will pay the bills, even if it is out of your sweet spot. Eventually, however, the organization must mature and get focused. This is the “real enterprise” phase. This begins with identifying your One Thing, pruning the activities that don’t fit, and aligning every part of the organization to deliver it. Failure to make this transition is a root cause of plateaued growth.
I grew up in Philadelphia, and have never even been to an oil field. In fact, I learned everything I know about drilling for oil from The Beverly Hillbillies! However, I still think the analogy works. In fact, I think it’s a gusher!
To read the rest of the interview, click the link below:
PS: Thanks to Jennifer Edgerly from SpeakerBox Communications (www.speakerboxpr.com) for making this great story possible.
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