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.
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,