I saw this quote from Elon Musk the other day where he said CEOs need to spend less time on finance and less time looking at PowerPoint slides.
All that sounds good for the people who are willing to work 80 hours on their company so they don’t have to work 40 hours on someone else’s and all that… but there’s one thing The Great Flamethrower failed to mention…
Spending less time on finance and understanding cash flows and margins is the reason a lot of people with great products go out of business 🤷🏾♂️
Or maybe he inadvertently leaves out an important detail on how he has someone he really trusts handling that aspect.
Either way, balance is key. (That’s where the greatest villain of all time was onto something.)
And someone has to mind the cash.
So while the spirit of the point Mr. Moonshot is trying to may be right, I’m sure there are a bunch of Musk bots who are going to take these words literally.
After this note, I’m hoping at least you won’t be one of them.
p.s. whenever you’re ready, here are three ways I can help:
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