Good businesses have margin. Profit margin, yes. But also margin for your time, your emotional and physical health, your relationships, your sanity, and your integrity. Low-margin work eventually leads to ruin. The margins rarely get better; the sunk costs get worse.
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Actually, I've written a few retrospectives: https://justinjackson.ca/customer-behavior … https://justinjackson.ca/sneakers https://justinjackson.ca/business-lesson-less-research-launch-small …
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That’s the gold right there
- I’m thinking it’s less about low or high margin but more all the shades of gray between. Even as software folks, thinking about how to increase the already good margins is a helpful exercise. Ex. Tracking revenue per employee as a KPI
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