|
Steve Jobs killed 500 projects to build the iPhone. I recently met with a CEO who had 17 "top priorities" on his whiteboard. Each one circled. Each one urgent. Each one critical to the company's success. His revenue? Flat for 18 months. His team? Exhausted and confused. His investors? Starting to ask hard questions. This isn't a story about poor planning. It's a story about the most expensive word in business: YES. The Addiction to YES YES to new features that customers mention in passing. YES to partnerships that "might" lead somewhere. YES to hiring that person who's "pretty good." YES to attending that conference that's "kind of relevant." YES to exploring that new market that "could be big", even though the current market is still not won. Each YES feels productive. Each YES feels like progress. Each YES feels like we're not missing out on the next big thing. With too much capital, it's easy (but dangerous) to say YES. But here's what nobody tells you about the word YES: Every YES is a thousand NOs in disguise. When you say YES to building that new feature, you're saying NO to improving your core features. When you say YES to exploring a new market, you're saying NO to dominating your existing one. The math is brutal but simple: Your team has a finite number of hours. Your focus has a finite bandwidth. Your resources have a finite capacity. The Paralysis of ChoiceHere's what actually happens when everything is urgent: Your team gets paralyzed by choice. They don't know what to work on first. They end up context-switch between projects. Progress is slow. They are an inch thick and a mile wide. Your customers get half-baked products. Instead of one amazing feature, they get seven mediocre ones. Your investors get nervous. They see a scattered approach with no clear strategy. They wonder if you understand your own business. They start asking about "focus" in board meetings. You get burnt out. You're working 70-hour weeks but nothing meaningful ships. You feel busy but not productive. You're moving fast but going nowhere. Sound familiar? The Power of NO Depth beats breadth. Every time. Let's look at the evidence: Amazon: Jeff Bezos could have sold everything from day one. The technology was there. The logistics were possible. But Amazon obsessed over books for years. They became the best place to buy books online. They perfected recommendation engines for books. They revolutionized book reviews. They owned books completely before they sold anything else. Facebook: Mark Zuckerberg could have opened the platform to everyone immediately. But Facebook stayed laser-focused on college students for years. They understood that demographic completely. They built features specifically for college life. They created network effects within universities. Only after they dominated colleges did they expand. Google: Larry Page and Sergey Brin could have added email, chat, and productivity tools from the beginning. But Google perfected search first. They said NO to everything else until they had the best search engine in the world. Then, and only then, did they expand. Each of these companies had founders who understood a fundamental truth: You can't dominate everything, but you can dominate something. The Hidden Costs of "YES"When I audit a struggling company's priorities, I usually find the same pattern: They're doing 20 things at 60% quality instead of 3 things at 95% quality. The Strategic "NO"So how do you break free from the YES addiction? It starts with a framework I learned from watching the best CEOs I know. They don't just say NO randomly—they have a systematic approach. Step 1: The Complete Inventory Make a list of everything your company is working on:
Step 2: The Revenue Reality Check Now, for each item on your list, ask one question: "Does this directly drive revenue or directly serve customers in the next 90 days?" Not "might eventually lead to revenue." Not "helps with brand awareness which could lead to revenue." Not "builds infrastructure that will support revenue later." DIRECTLY drives revenue or saves customers. Period. Circle those items. If you're honest, it's probably 3-7 things. Step 3: The Ruthless Ranking Of those 3-7 items, force rank them by impact. What would move the needle most if you nailed it? What would hurt most if a competitor did it first? What would your best customers pay you extra for today? Pick the top 3. Yes, just 3. I know what you're thinking: "But Mark, we can handle more than 3 priorities." No, you can't. And here's why... Step 4: The Focus Allocation Let's do the math: If you have 3 priorities, each one gets 33% of your team's attention. If you have 6 priorities, each one gets 17% of your attention. If you have 12 priorities, each one gets 8% of your attention. But here's the kicker: Focus doesn't scale linearly. The difference between 33% focus and 17% focus isn't 2x—it's more like 10x quality and 10x speed of execution. Why? Because when you focus on fewer things: ✅ You can afford to put your best people on each priority ✅ You have fewer handoffs and coordination challenges ✅ You can iterate faster because you're not context-switching ✅ You spot problems earlier because you're paying attention ✅ You ship higher quality because you have time to polish Here's where most CEOs fail: They make the hard choices but don't communicate them clearly. Walk into your next team meeting with your 3 priorities written on a whiteboard. Say exactly this: "We're doing these 3 things perfectly before we touch anything else. Everything else is paused until further notice. If someone asks you to work on something not on this list, send them to me." Then comes the hardest part: Sticking to it. The Psychology of "NO"Saying NO is psychologically difficult for CEOs because: FOMO: What if that project we killed was the breakthrough we needed? People Pleasing: What if the team member who suggested that feature gets demotivated? Perfectionism: What if we could have done everything if we just worked a little harder? Ego: Successful people believe they can handle more than others. Saying NO to good opportunities is what creates space for great opportunities. When Apple killed 500 projects, they weren't killing bad ideas. They were killing decent ideas, good ideas, and even some great ideas to make room for one world-changing idea. Mastering "NO"I've watched dozens of CEOs implement this framework. Here's what typically happens: Week 1-2: Anxiety. The team asks about the paused projects. You second-guess your choices. Week 3-4: Momentum. The 3 priority projects start moving faster than anything has moved in months. Month 2: Breakthrough. One of your 3 priorities ships at a quality level you haven't seen before. Month 3: Confidence. You realize you've accomplished more in 3 months with 3 priorities than you did in the previous 6 months with 47. Month 6: Competitive advantage. Your focus has created something your competitors can't match because they're still scattered. Your 30-Day "NO" Challenge Day 1: Complete the inventory of everything you're working on. Day 2: Do the revenue reality check and identify your 3 priorities. Day 3: Communicate the new focus to your team. Days 4-30: Say NO to everything that's not one of your 3 priorities. Track how many times you're tempted to say YES to something new. At the end of 30 days, measure: ✅ How much progress you made on your 3 priorities ✅ How the quality of work improved ✅ How your team's energy and clarity changed ✅ How much faster you moved It frees you from the tyranny of infinite options. It frees your team from the confusion of competing priorities. It frees your customers from mediocre experiences. It frees your company to dominate something that matters. What are you going to say NO to this week? Because I guarantee you: The thing you say NO to today will be less important than the thing you say YES to with your newfound focus. The $1 trillion companies understood this. Now it's your turn. This week's guest on The Startup CEO Show is Marie Chevrier Schwartz, CEO of TechTO. We talk about her experience with Sampler and her thoughts on the Canadian tech ecosystem (and much more). Apple © 2024 SurePath Capital Partners, Inc, dba 'Mark MacLeod, CEO Coach' |
Since 1999, Mark MacLeod has been funding, growing and exiting high growth software companies as either a CFO, VC, investment banker or CEO coach. Former CFO of Shopify, GP at Real Venture and founder of SurePath Capital Partners. Mark coaches the CEOs of high grow and lead all the way to a massive exit.
For decades, I have watched founders kill themselves. Giving everything to their companies. Sometimes it works. Most often it doesn’t. I know a founder who wanted to sell an organ to keep his company afloat. That same founder later developed shingles from his stress. I watched founders gain weight and lose energy as their cortisol levels spiked. I have heard from so many founders who can’t sleep. Either they can’t get to sleep because they work in the evenings. Or, they can’t stay asleep...
Very often, when CEOs finally slow down at this time of year, their bodies tell them the truth. They step off the gas pedal only to realize they’ve been running on fumes. Many get sick. Many feel flat, depleted, or mentally foggy. The default model of startup leadership is a lie. Grind harder. Hustle. Sleep when you’re dead. This can create short-term velocity, but it doesn’t last. You are sprinting a marathon. The leaders who scale year after year focus on energy. It takes energy to create...
The most successful CEOs I know have one thing in common: They’ve figured out their unique superpower and built their entire role around it. Most CEOs do the exact opposite. They spend 80% of their time on things that drain them and 20% on what makes them irreplaceable. It’s organizational suicide, and it’s happening in most companies right now. The Tobi Lütke Masterclass Let me tell you about the smartest CEO decision I’ve ever seen. Tobi Lütke, co-founder and CEO of Shopify, is deeply...