Edu: Opportunity Cost - How Much Are You Really Paying?

Chris and Yaniv have seen the three key things that lead to success in startups: momentum, hustle, and an understanding of opportunity cost. In this episode, they’re diving deep into all three of them.Chris and Yaniv discuss why momentum, hustle and opportunity cost are the critical concepts to operationalise not just in your business but life in general. There are some long-awaited rants on bureaucracy in start-ups, and great practical advice for anyone working at a startup right now drawn straight from both of their early-career experiences.Timestamps:1:45 Why momentum is critical to startup success4:12 Defining momentum7:00 Why it’s important to compare your momentum to the global benchmark8:40 How to know if you have the momentum you need to succeed9:23 Why you need to be both patient and impatient9:42 What hustle really means12:55 Why you need to understand opportunity cost19:23 How to use opportunity cost and impatience to drive momentum21:50 Why replicating big company processes at a start-up is bad businessJoin the discussion on LinkedIn: https://www.linkedin.com/company/the-startup-pod/Follow us on Twitter @ybernstein @chrissaadPeople Engineering Newsletter: newsletter.peopleeng.comStartup Newsletter: www.chrissaad.com/startupnewsletter***Leave us a rating and review in your favourite podcast app***