Seeing returns in a surprising manner

andrewtsao  •  23 Sept 2021   •    
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One of the favorite business frameworks I’ve taken away from working as a Product Manager is the idea of “success metric.” The idea is simple, in order to make sure the products you build, the experiments you run, and just have an overall view of how things are going, it’s really important to think about the intention of each action and set yourself up where you know what determines success vs failure. Unfortunately, a “success metric” is also a double-edged sword, because it often leads to managers, directors, and leaders seeing it as just a path to more revenue.

Revenue, or dollars, as a success metrics is powerful because it directly relates to validation of the market. It means there’s demand, that you’re solving a problem people are willing to pay for, and that’s empowering. But making revenue or money as the main success metric is also dangerous because it makes you blinded toward other areas of “success” that are less obvious. That’s something I’ve been noticing in my life.

Today my mentee told me how grateful she is and how she would have never done anything without her product idea if it wasn’t for our daily coaching sessions. My girlfriend told me recently she’s noticed that I’ve become more patient with he. And finally, my friends who’ve I’ve hosted a guided psychedelic session for, have all found growth in their own way. One finally picked up color pencils to start drawing occasionally to invest in his creativity while the other picked up a little meditation and finally completed his personal website.

These returns tell me that the amount of bandwidth, time, and mental effort I’ve spent in the past half-year is totally worth it. Even though it doesn’t align with the goals of building wealth, I would consider the efforts I’ve put in a success.

Onward!

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