Greg Isenberg

Another big loss has been I put too much trust in 2024 in certain teammates without checks and balances. So I'm one of those people that I look at

Another big loss has been I put too much trust in 2024 in certain teammates without checks and balances. So I'm one of those people that I look at

Another big loss has been I put too much trust in 2024 in certain teammates without checks and balances. So I'm one of those people that I look at

Uh, you know, I hear people like Andrew Wilkinson, you know, friend of the pod talking about how he hires CEOs and he builds these businesses and he has complete trust, you know, and a lot of trust with these people or, you know, Warren Buffett talks a lot, a lot of, a lot similar to that too, where, uh, you know, he trusts management to do the right thing. Um,

Uh, you know, I hear people like Andrew Wilkinson, you know, friend of the pod talking about how he hires CEOs and he builds these businesses and he has complete trust, you know, and a lot of trust with these people or, you know, Warren Buffett talks a lot, a lot of, a lot similar to that too, where, uh, you know, he trusts management to do the right thing. Um,

Uh, you know, I hear people like Andrew Wilkinson, you know, friend of the pod talking about how he hires CEOs and he builds these businesses and he has complete trust, you know, and a lot of trust with these people or, you know, Warren Buffett talks a lot, a lot of, a lot similar to that too, where, uh, you know, he trusts management to do the right thing. Um,

I feel like it's trust management or trust teammates but with checks and balances. There needs to be checks and balances and I didn't include enough checks and balances in 2024 and I had to pay the price. This is going to sound really dumb and I'll admit that this happened but we had someone on our finance team that was just putting in not the right numbers. The numbers were incorrect.

I feel like it's trust management or trust teammates but with checks and balances. There needs to be checks and balances and I didn't include enough checks and balances in 2024 and I had to pay the price. This is going to sound really dumb and I'll admit that this happened but we had someone on our finance team that was just putting in not the right numbers. The numbers were incorrect.

I feel like it's trust management or trust teammates but with checks and balances. There needs to be checks and balances and I didn't include enough checks and balances in 2024 and I had to pay the price. This is going to sound really dumb and I'll admit that this happened but we had someone on our finance team that was just putting in not the right numbers. The numbers were incorrect.

This was a costly mistake, hundreds of thousands of dollars type mistake. And it's going to be OK. It's fine. But we figured it out. But this is a person who we hired remotely who is literally working a second job. She wasn't doing it maliciously. But you need to have these checks and balances. Especially in a remote work environment, you need to have checks and balances. Big lesson learned there.

This was a costly mistake, hundreds of thousands of dollars type mistake. And it's going to be OK. It's fine. But we figured it out. But this is a person who we hired remotely who is literally working a second job. She wasn't doing it maliciously. But you need to have these checks and balances. Especially in a remote work environment, you need to have checks and balances. Big lesson learned there.

This was a costly mistake, hundreds of thousands of dollars type mistake. And it's going to be OK. It's fine. But we figured it out. But this is a person who we hired remotely who is literally working a second job. She wasn't doing it maliciously. But you need to have these checks and balances. Especially in a remote work environment, you need to have checks and balances. Big lesson learned there.

And then I'd say another big lesson or key learning, I should say, is that this year was a less profitable year than in 2023. And that's okay. On one hand, we did a year in review and like, oh my God, we made less money this year. We pride ourselves in building cash flowing businesses and And the reality is we were less profitable this year.

And then I'd say another big lesson or key learning, I should say, is that this year was a less profitable year than in 2023. And that's okay. On one hand, we did a year in review and like, oh my God, we made less money this year. We pride ourselves in building cash flowing businesses and And the reality is we were less profitable this year.

And then I'd say another big lesson or key learning, I should say, is that this year was a less profitable year than in 2023. And that's okay. On one hand, we did a year in review and like, oh my God, we made less money this year. We pride ourselves in building cash flowing businesses and And the reality is we were less profitable this year.

But it's okay because we are reinvesting our businesses, reinvesting more of our cash into technology and I'll talk more about that later. But It is a loss. The truth is, it's a loss. We should be at least 15 to 20% more profitable every single year. From a free cash flow perspective, we weren't. Next year, we'll do better.

But it's okay because we are reinvesting our businesses, reinvesting more of our cash into technology and I'll talk more about that later. But It is a loss. The truth is, it's a loss. We should be at least 15 to 20% more profitable every single year. From a free cash flow perspective, we weren't. Next year, we'll do better.

But it's okay because we are reinvesting our businesses, reinvesting more of our cash into technology and I'll talk more about that later. But It is a loss. The truth is, it's a loss. We should be at least 15 to 20% more profitable every single year. From a free cash flow perspective, we weren't. Next year, we'll do better.

I'm telling myself, we're just reinvesting more of the money into technology. That's true, but I think we can do that while also maintaining profitability. So right before I recorded this, I went on Twitter, X, and asked, recording your year-in-review podcast, what questions do you want me to answer? Nothing off-limits.

I'm telling myself, we're just reinvesting more of the money into technology. That's true, but I think we can do that while also maintaining profitability. So right before I recorded this, I went on Twitter, X, and asked, recording your year-in-review podcast, what questions do you want me to answer? Nothing off-limits.