If you wrongly assess the situation, and have a team that needs constant direction, makes unwise decisions, or creates a bad culture, you’re screwed. After a crash, it’s nearly impossible to get the train back on the tracks.
Someone has a way with words, lol.
I think my favorite Brent insight, which he did not include here, is that a business needs a mix of Messy and Un-messy people to work. He probably prefaced that with, we’re all messy, but I’m not sure. I’ll try to dig up the exact quote.
And the interesting link about search funds, including some typical metrics,