Lessons from Peter Thiel

In hopes that we become fierce and wise businesswomen (if that’s the chapter of life you are in and going after), I thought we should look to some fierce business leaders.

I recently listened to a lecture from a man named Peter Thiel who is a ferocious businessman in the technology field. Not that we are all aiming to be him but after hearing him speak, he did share a few helpful thoughts I thought I would pass along:

1.  Look At The Big Picture.  It’s so easy to focus on the day-to-day details of your business we forget to look at the overall growth.  Sometimes we overestimate what we can accomplish in 1 year but underestimate what we can accomplish in 10 years.  

2. Value Your Time. Focus on what’s important, if its not a priority don’t do it. Time is a gift, steward it well.

3.  Don't waste time competing with others.  You often lose sight of building things that are one of a kind, different, and truly valuable.  If you are copying people, you are not learning from them. If you are competing against these people, or you think you are competing with these people, you are actually trying to copy them, and again, you are not learning from them.

4.  Start a company with people you know.  Thiel says the worst founding team he can imagine is composed of two people who just met and have never worked with each other before, who dreamed up an idea because they both want to be entrepreneurs. He says your team needs chemistry, history, and experience. When thinking about starting a company with someone, you need to know how the person works, what makes the person tick, and how that person acts under pressure.

5.  People join organizations; they leave managers.  Make sure to do multiple trainings with your managers thru out the year so they are growing and helping the individuals who they are managing grow as well.  Most companies learn about managers after the fact when an employee leaves, which is a bit too late.