How to run a company

How to run it efficiently?
Identify the bottleneck and eliminate it every week. On Loop. You just micromanage this and nothing else. Interact with people directly who are responsible for solving this. Skip managers altogether.

Ref a16z Podcast talking about Elon's efficiency.

When to pivot?
When your underlying assumption that your original thesis was based on gets disproven, then you pivot.

MOAT - Margins, Operations, Advantage, TAM
In operations is it highly scalable or it is like self employed where you are trading time for money.
Advantage Unfair which is still there like distribution.
One should trade your skills on highest return market.

Pain passion profession angle