Rigid Plans Limit Thinking

Jason Fried believes in avoiding long-term planning, preferring to make decisions based on current thinking rather than following outdated thoughts. He advocates for a more fluid, present-focused approach to business management, emphasizing profitability over rigid goal-setting.

Key Points:

  • Long-term Planning Philosophy:

    • Long-term planning is based on outdated thoughts from months ago
    • Prefers to do what he thinks now, not what he thought before
    • Questions why you should follow a thought you had 6-8 months ago
  • Alternative Approach:

    • Works in 6-week cycles instead of long-term plans
    • Focuses on being profitable each year (25 years straight)
    • Adjusts constantly based on current reality
    • Makes decisions along the way rather than following preset plans
  • Goal Setting:

    • Only goal is to be profitable each year
    • Doesn't believe in setting arbitrary targets
    • Focuses on doing best work consistently rather than hitting specific metrics
    • Questions the value of narrow goals (like running exactly 6 minutes vs 6:04)
  • Business Philosophy:

    • Looks at the "big pile" at end of year - more money than spent?
    • Maintains high margins as an aesthetic choice
    • Prefers running business without constant stress about metrics
    • Values comfort in decision-making over rigid planning
  • Measurement Approach:

    • Doesn't worry about individual product performance
    • Views business as one large operation rather than separate metrics
    • Focuses on overall profitability rather than specific goals
    • Keeps costs low and maintains large customer base (over 100,000 paying customers)

This approach allows for:

  • More flexibility in decision making
  • Less stress about hitting specific targets
  • Focus on current reality rather than past predictions
  • Better adaptation to changing circumstances
SP

Shaan Puri

Host of MFM

Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.

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