"If the fundamentals of your business are good, believe in the data even when investors don't recognize its value. Eventually, they will."
193 karma · joined July 6, 2012
"If the fundamentals of your business are good, believe in the data even when investors don't recognize its value. Eventually, they will."
"Some years, international comparisons of GDP per hours worked have found, workers in Norway, Ireland, Denmark and even France, with their 30 days of paid vacation every year, their café culture, their generous paid family leave policies, their short work hours mandated by law and their new directive forbidding some employers from expecting workers to check work-related texts and emails after hours, beat us by a mile."
In other words,
In some years (not others), the GDP per hour worked is higher in countries where employees work fewer hours per year.
If people work 20% less and are 10% more productive per hour when they do work, they're still less productive in total than if they didn't reduce their hours.
Why does a company care if their salaried employees are more productive per hour? They just want that employee to maximize productivity over the employee's lifetime with the company.
If the article has only historical anecdotes to demonstrate that employees are more productive in absolute terms if they work fewer hours, that's not very persuasive toward the point the author is trying to make, that major industries and large companies should change because they get more value out of having employees work fewer hours.
I'm not saying I disagree with the author's point, only that they are using misleading evidence to try to support it.
My instinct is that if you're smart about your time investments, you can get pretty far on most those burners without out a lot of time invested.
For example, for me, health is a non-negotiable. But I can maintain it with only 4-5 hours a week of investment vs. 0 hours if I abandon it. I just have 3 rules: get enough sleep, eat only healthy things, exercise at least once a week.
If you are running your own company and you can't sleep enough, I think you are either not prioritizing it or you're doing something wrong. You're unsustainably stressed or not managing your company's execution well enough. Not enough sleep affects your performance and ability to think as much as your health, so I really don't see any benefit to being chronically sleep deprived.
Eating healthy doesn't take much more time than eating unhealthy. It means buying groceries, and knowing what's open around you that's cheap and healthy (Most Chinese take-out vegetable stir fry is a good option). The groceries come from Amazon Fresh, and mean 2-3 hours more per week cooking than you would if you got fast food.
And exercise takes no more than 2 hours a week. The goal here is not to be athletic, it's just to be healthy.
I think that whatever your main burner is, you can usually maintain the other burners adequately with 4-5 hours per week, and no more unless something unusual is going on.
The key word here is adequate - it's not the main dimension of your success, and you may just be ok at it. But I don't think you need to fail at it in order to succeed at the thing you're focusing on.
And if you can hit adequacy, you still have more than enough time for your main burner. If other burners combined take 15 hours per week, you very likely still have at least 80 hours a week left for your main focus.
The specific numbers I hypothesize here applies only if you don't have kids, which I imagine skews your family number significantly.
If I could pay Netflix prices for HBO Go, I would do it in a heartbeat. But there's no way I'm going to buy a TV and pay +$100/month for cable to become an HBO subscriber.
Because of their different business models, you'd think that the only metric they should be measured on is revenue vs. revenue. To compare subscribers seems like sensationalism and poor logic.
I agree about Zenni Optical and Coastal Contacts --- they are basically pure price plays, while WP is aiming at a very specific customer segment and brand image/personality that's backed up by every interaction you have with them.