@seanallenfenn
Don’t Waste Your Time on Anything Else. Get Incentives Right.
Methods of Prosperity newsletter no. 109: Les Schwab
“How can someone give away fifty percent of profits and make billions more than if he’d kept it all?”
– Charlie Munger (referring to Les Schwab)
Most business owners struggle in six areas:
1. They lack perfect alignment of incentives.
2. They lack generosity.
3. They don’t require reinvestment.
4. They lack supplier diversity.
5. They don’t build culture first.
6. They fail to maintain transparency.
But after studying Les Schwab, you can do better.
0 reply
0 recast
0 reaction