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2023-08-31. Postlaunch
Episode 7031st August 2023 • Aboard Podcast • Aboard
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Once you launch you lose control. So, you spent your days trying to get everything right, and then when you launch you figure out that no one cares - which is why launch is very anticlimactic. Our advice? Lean into the ambiguity, lean into growth, listen to the feedback and be flexible-- only then would you figure out what business you're truly in. This podcast is sponsored by Aboard.

Transcripts

Paul Ford:

Richard, hello my friend.

Rich Ziade:

Hello, how are you?

Paul Ford:

So what do you want to talk about?

Paul Ford:

You, you have a topic in mind.

Rich Ziade:

I do have a topic in mind.

Rich Ziade:

Um, a dear friend of mine is opening a restaurant

Paul Ford:

Okay.

Paul Ford:

Okay.

Paul Ford:

Why would anyone do that?

Paul Ford:

That's a, that's a terrible thing to, it sounds

Rich Ziade:

No,

Paul Ford:

It's

Rich Ziade:

restaurants can be delicious and fun.

Rich Ziade:

And yeah, I mean, you're right.

Rich Ziade:

The romance of the restaurant, especially in New York City, is a rough thing.

Paul Ford:

It is hard work.

Paul Ford:

Yes.

Rich Ziade:

and they're laboring over every decision before they open.

Paul Ford:

Oof.

Paul Ford:

Yeah.

Rich Ziade:

They want to get it right.

Rich Ziade:

They want to get everything right.

Paul Ford:

Oh, I know that feeling.

Paul Ford:

That's a terrible feeling.

Rich Ziade:

it's a terrible feeling.

Rich Ziade:

And the truth is, and this is hard for people to hear, um,

Rich Ziade:

there's a few things to share.

Rich Ziade:

And I think we can share them in a very punchy way right

Rich Ziade:

here in this advisor podcast.

Rich Ziade:

A.

Rich Ziade:

Nobody cares about most of the decisions you're making.

Paul Ford:

God, they don't.

Paul Ford:

And honestly, an enormous number...

Paul Ford:

No, so

Rich Ziade:

I should give more, more color here.

Rich Ziade:

Like it's a piece, it's one of the like appliances that will

Rich Ziade:

go into the commercial kitchen

Paul Ford:

So, so A, no one will see it.

Paul Ford:

Like it's not, it's not like what

Rich Ziade:

will see it.

Paul Ford:

No, no, but it's not what...

Paul Ford:

A good...

Paul Ford:

Something to labor over, what, what are you going to name the restaurant?

Paul Ford:

It's like naming a kid, right?

Paul Ford:

You're going to be yelling it down the stairs a whole

Rich Ziade:

That's kind of important.

Rich Ziade:

That should be, that should, but here's the thing, Paul, the person

Rich Ziade:

has put, I think, two to 300 hours of thought into the purchase.

Paul Ford:

this is normal.

Paul Ford:

Look, you know, my hobby, my hobby is synthesizers, right?

Paul Ford:

I learned to play piano

Rich Ziade:

Mm

Paul Ford:

learning about and reading.

Paul Ford:

And boy, have I obsessed.

Paul Ford:

Purchases that are in the hundreds of dollars and then I sort of like think like

Paul Ford:

oh my god You know is it gonna lose value is it gonna gain value and what happens

Paul Ford:

is then you get the object in your house And then you realize that your fantasy

Paul Ford:

of how it was going to work and what it was going to be really has no bearing.

Paul Ford:

It's a tool, and you have to figure out where the tool

Paul Ford:

fits, and you gotta learn it.

Paul Ford:

But there was no way to learn it without buying it.

Paul Ford:

And it's a horrible thing about these spaces that we do our work in, right?

Paul Ford:

There's this fantasy that you can research and understand things and

Paul Ford:

get the knowledge just right, and then make the perfect decision.

Paul Ford:

But the reality is there is no perfect decision.

Paul Ford:

And what you, what you find is, uh, there are incredible musicians who are like,

Paul Ford:

I play exactly this Fender guitar and I will only play that Fender guitar in the

Paul Ford:

studio, but I will not take it on tour.

Paul Ford:

And, and you'll be like, Hey, well, what do you do for, what's your effects rate?

Paul Ford:

And they're like, I don't care.

Rich Ziade:

I don't care.

Rich Ziade:

And I think, and I think that's, that's, you know, I, I think someone

Rich Ziade:

that's, trying something, taking a risk around anything, whether it

Rich Ziade:

be putting out a book or starting a business or launching a product, right?

Rich Ziade:

Um, they want to get it right.

Rich Ziade:

And it's hard to, uh, embrace the idea that you have so little control

Rich Ziade:

over how the world is going to react to anything, almost always.

Paul Ford:

Well, and then frankly, you're going to, this person is

Paul Ford:

going to need to learn that device.

Paul Ford:

They're going to need to learn the, the kitchen and then, and then,

Paul Ford:

and only then can they truly decide

Rich Ziade:

They may, they may have got it wrong.

Rich Ziade:

I mean, here, here's, I think the best way I, you could say

Rich Ziade:

to, Hey, don't worry about it.

Rich Ziade:

Just make a call.

Rich Ziade:

And they look at you and they want to, they just, just hatred is pouring

Rich Ziade:

out of their eyes towards you, right?

Rich Ziade:

And really the best way to put it is this.

Rich Ziade:

Two years from now, you will not look back on the failure of your

Rich Ziade:

business and realize that it was because you bought the wrong stove.

Rich Ziade:

It won't be that.

Rich Ziade:

It will be something else, right?

Rich Ziade:

It will not be that decision.

Rich Ziade:

And that's not to trivialize the decision.

Rich Ziade:

The point is this, The, the good news here is that when something does make

Rich Ziade:

it out into the world, unlike a video game on a CD for PlayStation 1, which

Rich Ziade:

could be a disaster, if there's a bug in that game, you're going to have

Rich Ziade:

to ship out new CDs to everybody.

Rich Ziade:

You can, unlike that, where things are fixed and quote unquote in

Rich Ziade:

the can, you could change stuff.

Rich Ziade:

You can actually change things.

Rich Ziade:

You can fix things.

Rich Ziade:

You can apologize.

Rich Ziade:

You can tell people we learned.

Rich Ziade:

Here's the good news.

Rich Ziade:

Also, sometimes the things you thought weren't going to be the reason

Rich Ziade:

people fell in love with whatever your entree was Surprise you and

Rich Ziade:

you get these happy surprises too because you can't predict everything.

Paul Ford:

This is okay.

Paul Ford:

So there, you know, it's funny, you know, the musician Lizzo.

Rich Ziade:

I know of that person.

Paul Ford:

Okay.

Paul Ford:

You don't know her personally.

Rich Ziade:

the music.

Paul Ford:

Anyway, regardless, uh, Lizzo put out an album and

Paul Ford:

it had some kind of slur in it.

Paul Ford:

And I think this, it was like something that was offensive to people.

Paul Ford:

Um, she might have used the word spaz, like, which is offensive

Paul Ford:

to people with epilepsy.

Paul Ford:

And so the, the community online did its thing, right?

Paul Ford:

And they were like, Oh my God, you know, you, you may not know this,

Paul Ford:

but this actually really hurts.

Paul Ford:

This is a way that we disparage people with epilepsy.

Paul Ford:

And it's just, it's, it's actually, it's not cool.

Paul Ford:

And she went, Oh, okay.

Paul Ford:

And then she removed it from the song and uploaded a new version to the streaming

Rich Ziade:

Whoa.

Paul Ford:

And it was just like, it was the greatest end run.

Paul Ford:

She's like, Oh, you know what?

Paul Ford:

She's, she's like, of course I get this.

Paul Ford:

That's, I would have, I can see

Rich Ziade:

No, no, it's, it's, it's smart and, and also what a lot of people do is

Rich Ziade:

they get defensive and they're convinced that the rest of the world is wrong.

Paul Ford:

she didn't dig in.

Paul Ford:

She's like, Oh, well, yeah, of course I can screw up too.

Paul Ford:

Okay.

Paul Ford:

. Rich Ziade: The customer is always right.

Paul Ford:

Uh, there was a London based department store called Selfridges.

Paul Ford:

That's famous, famous story.

Rich Ziade:

Famous store.

Rich Ziade:

And Harry Gordon Selfridge coined the phrase, The customer's always right.

Rich Ziade:

Um, it is about you not necessarily being wrong.

Rich Ziade:

Uh, it is about you...

Rich Ziade:

Uh, kind of embracing the unknown and the uncertainty of just the randomness

Rich Ziade:

of a billion personalities possibly coming across whatever it is you put

Rich Ziade:

out in the world, whether it's an appetizer or a feature in a product.

Rich Ziade:

Yep.

Paul Ford:

Well, look, okay.

Paul Ford:

Here, here's the actual lesson here, right?

Paul Ford:

And this goes back to my theme.

Paul Ford:

My big thing, theme is resilience, which is.

Paul Ford:

What you do is you obsess over a series of decisions.

Paul Ford:

You're like, if I make the wrong decision, I will, uh, essentially, I

Paul Ford:

think there's a real risk of humiliation.

Paul Ford:

That's what people are worried about.

Paul Ford:

They're not worried about the, the thousand dollars that they're going

Paul Ford:

to pay for one thing over the other industrial equipment or whatever.

Paul Ford:

They're worried that they're worried that they're going to be an idiot.

Paul Ford:

That's, that's the big concern.

Paul Ford:

Okay.

Paul Ford:

So when you're doing something new, you're embarrassed and it is a

Paul Ford:

natural state and you're assuming.

Paul Ford:

So I, here's how I can help.

Paul Ford:

Here's what I can advise.

Paul Ford:

Humiliation is part of the deal.

Paul Ford:

You learn to deal with it.

Paul Ford:

All you want is flexibility.

Paul Ford:

Okay, so the big risk to me when you describe someone buying something

Paul Ford:

for the kitchen is it's heavy.

Paul Ford:

It's not that it's expensive or that it's wrong.

Paul Ford:

It's that it actually takes time and resources to move it.

Rich Ziade:

the cost of change

Paul Ford:

the cost of change for that equipment is high.

Paul Ford:

So, so rank things, rank decisions, not by if they're going to be right

Paul Ford:

or not, but by the cost of change.

Paul Ford:

And we do that at work all the time.

Paul Ford:

We do that while we're building this product.

Paul Ford:

We have built, we have built

Rich Ziade:

Not as good as customers always right, Paul, but

Paul Ford:

customer is not, the customer is often incredibly wrong.

Paul Ford:

I don't, I don't buy customers always right.

Paul Ford:

The customer is

Rich Ziade:

don't think that's what he meant.

Rich Ziade:

I don't think he meant the customers

Paul Ford:

did he mean?

Paul Ford:

What do you mean?

Rich Ziade:

I think he meant you have to make sure you make the customer feel

Rich Ziade:

like they're always right, even though when they're wrong like 70% of the time.

Paul Ford:

There is, okay, so that's

Rich Ziade:

it is about, uh, patronage, right?

Rich Ziade:

Like that's what he was talking about.

Rich Ziade:

He, he, he, he probably hated all his customers.

Rich Ziade:

I just throw that out there.

Rich Ziade:

He's probably a cynical, like conniving marketer in the early

Rich Ziade:

1900s around why Selfridge was going to make you a better person.

Paul Ford:

No, this is true.

Paul Ford:

When somebody walks in the door, they need to feel that they belong there and,

Paul Ford:

and special and that their needs are more important than your needs in that moment.

Paul Ford:

And that you, you are there to bring them a moment of success.

Paul Ford:

And that is, that is real.

Paul Ford:

Okay, so that is, our software has to do that.

Paul Ford:

If it doesn't do that, then people won't use it.

Paul Ford:

Um, but yeah, so that's, All right, we'll keep this one short.

Paul Ford:

We're busy boys.

Paul Ford:

Everybody's busy out there in the world.

Paul Ford:

But yeah,

Rich Ziade:

a related thought there.

Rich Ziade:

Uh, uh, uh, and I think it goes beyond this podcast and can go into another one.

Rich Ziade:

Um, you know, because we don't know what's going to work and what isn't.

Rich Ziade:

Betting on maximum, I call it putting a chip on every

Rich Ziade:

number at the roulette table.

Rich Ziade:

Maximum chaos.

Paul Ford:

Yeah, this is

Rich Ziade:

is your friend here.

Rich Ziade:

And it's a strange thing to say.

Rich Ziade:

Who the hell plans towards chaos?

Rich Ziade:

That's because you want to see maximum potential opportunities

Rich Ziade:

get put in front of you.

Rich Ziade:

And that's a hard thing to embrace.

Rich Ziade:

We learned it through running an agency, which is just, it demands chaos

Paul Ford:

I'm gonna get real with you for a minute though.

Paul Ford:

It's very hard this it was hard to work with you because you can Handle that

Paul Ford:

level of optionality and confusion.

Paul Ford:

No, here's why I was thinking about this because I'm now

Rich Ziade:

be spun into a compliment by the time you're done.

Rich Ziade:

I can

Paul Ford:

I'm not, no, cause I'm there with you now.

Paul Ford:

Now I embrace the same level.

Paul Ford:

I had too much empathy when we started the agency, like, like objectively, I think

Paul Ford:

even people who thought I was horrible boss would have said that about me.

Paul Ford:

Like I cared too much about what people thought of me.

Paul Ford:

I cared too much about how they were doing in their lives.

Rich Ziade:

mm

Paul Ford:

Maximum optionality is very tricky because it's really

Paul Ford:

hard as a leader to deliver stability into the organization

Rich Ziade:

mm

Paul Ford:

you are pursuing five or six oppositional paths.

Paul Ford:

An oppositional path might be like, we're going to be a consumer

Paul Ford:

product or an enterprise product.

Paul Ford:

We're going to be a restaurant that's really high end, but we don't want to

Paul Ford:

alienate the lunch crowd either, right?

Paul Ford:

Like it's, you're constantly in those conflicts, you lean into them.

Paul Ford:

You're like, let's see how long we can go.

Paul Ford:

Before we make a decision.

Rich Ziade:

Yeah,

Paul Ford:

Now, what I've learned is that what that feels like is it

Paul Ford:

has an immense, it feels like it has an immense human consequence.

Paul Ford:

The reality is it doesn't because growth fixes everything.

Paul Ford:

So as long as you're aligned towards growth, you can take care of people.

Paul Ford:

Like as long as they're, because people need salaries more, that's

Paul Ford:

the number one thing, right?

Paul Ford:

So you're keeping optionality open to bring in revenue so that we can take care

Paul Ford:

of the team and grow the organization.

Paul Ford:

But in the moment, it feels like I, someone will be like.

Paul Ford:

What am I doing over the next two months?

Paul Ford:

I need to figure out my future.

Paul Ford:

And, and what I, I remember looking them in the eyes and being like,

Paul Ford:

I can't tell you, I don't know.

Paul Ford:

And now I know the answer is just keep doing what you're doing.

Paul Ford:

You're doing great.

Paul Ford:

It's a little chaotic right now, but we're going to get there right?

Paul Ford:

Like now that's okay.

Paul Ford:

And I don't, I feel good about it.

Paul Ford:

I feel okay saying it.

Rich Ziade:

this feels like, I feel like we just, we took a leap

Rich Ziade:

that I don't know if a lot of people are going to connect to.

Rich Ziade:

And let me try to bring it together with what, how this podcast started, right?

Rich Ziade:

Um, when you launch, you lose control.

Rich Ziade:

You lose, when you open that restaurant, when you release

Rich Ziade:

the software, you lose control.

Rich Ziade:

And when you lose control, it is a very precarious feeling.

Rich Ziade:

And so when I say maximum chaos, what I mean is, Hey, listen, if I'm

Rich Ziade:

going to lose control, let me at least spin up a thousand fractals so

Rich Ziade:

I can take control of one of them.

Rich Ziade:

I don't, I don't know if that made sense.

Rich Ziade:

Essentially what I'm saying is fan out.

Rich Ziade:

Fan out and let's see what happens.

Rich Ziade:

And then every so often you'll be like, Oh, look at that.

Rich Ziade:

That there's a bright light coming from North Northwest.

Rich Ziade:

Go that way.

Rich Ziade:

And that is how you regain control.

Rich Ziade:

It's a, it's an insane approach to business.

Rich Ziade:

I don't think anyone's put this in a book like go nuts.

Paul Ford:

it's a horrible thing to articulate because what you're saying is

Paul Ford:

what you need to do is accept unbelievable amounts of ambiguity, but that's what

Paul Ford:

we've said over and over again, which is that if you're in a startup, your job is

Paul Ford:

to figure out what business you're in.

Paul Ford:

It's not, you know, most people want to want to be in a business and be told

Paul Ford:

what the rules of that business are.

Paul Ford:

We don't know what business we're in.

Paul Ford:

I've spent the last 10 years, not really sure what business I'm in and that's okay.

Paul Ford:

That's okay.

Paul Ford:

When I was a writer, I didn't know what business I was in.

Paul Ford:

Um, I can point, I can point to other businesses and say, I

Paul Ford:

know exactly how, what they are.

Paul Ford:

So I think that it is coming back to that, right?

Paul Ford:

Like why can't this, I'll tell you when you can decide around the

Paul Ford:

big piece of kitchen equipment.

Paul Ford:

Okay.

Paul Ford:

It's when you're opening the second restaurant, that decision

Paul Ford:

takes about five minutes.

Paul Ford:

You know, I really, I love, I love that oven.

Paul Ford:

I love that dishwashing equipment.

Paul Ford:

I'm going to buy it because I know it'll work fine in the other location.

Paul Ford:

Right?

Paul Ford:

Because you know what business you're in.

Paul Ford:

Right now you don't.

Rich Ziade:

Yeah.

Rich Ziade:

Um, we, this was rapid fire, but I think there's some real jewels in there.

Paul Ford:

Oh, Jules, Jules, just rubies, rubies scattered everywhere.

Rich Ziade:

I recommend everyone listen to this podcast twice.

Paul Ford:

Oh, that's great.

Paul Ford:

I'm going to listen to it twice.

Paul Ford:

All right, friends.

Paul Ford:

Well, we're sponsored by Aboard.

Paul Ford:

You know that.

Paul Ford:

You can go sign up.

Paul Ford:

Your friends can sign up.

Paul Ford:

It's open.

Paul Ford:

Uh, you can send us an email at hello at ZiadeFord.

Paul Ford:

com.

Paul Ford:

Check us out on Twitter at ZiadeFord.

Paul Ford:

Uh, it's also called X, uh, the, the, the website.

Paul Ford:

Um, you know, and all the other stuff.

Paul Ford:

You know all the stuff.

Paul Ford:

Let's get back to work,

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