#122 — Transformations from Good to Great — Jim Collins

Below the Line

Podcast Notes Key Takeaways Discover what you think – enter every creative journey with an open/curious mind, let the experience formulate your lensGreatness can be found in studying the actions of founders before they knew the outcomes of their actions“Never let your ambition and ego cloud what you’re really made for”– Jim CollinsPersonal Hedgehog = Passion + Economic Engine + Encoding (Self-Actualization)Don’t fall into the curse of the competence doom loopCompetence and compensation are often illusions of life/work satisfaction“The four-word prison: what will people think. The difference between a palace and a prison is who owns the key”– James BesharaThe most successful companies are not statistically luckierIt’s not about luck, it’s about return on luck. It’s what you do with your luck opportunity.Time in life is unequal, your performance in a massively unequal opportunity is the differentiating variable to success“What’s changing in your life?” > “How are you?”This is an invitation to an open conversation – cut out the questions that don’t extend a conversation

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Today's episode is with one of the greatest business authors ever, Jim Collins. Jim is one of the most inspirational figures in James' career. Not only did he inspire James, but he also is one of James' fathers, favorite authors. This has formed a bond at a young age between the two and has helped form many ideas in James' head. James and Jim cover many topics today, in one of our longest podcasts ever recorded, they talk about a wide range of VERY useful topics for founders and creators. From, breaking down Jim's personal rubric on writing a book to how an idea turns into a book. Jim explains why it is important to keep turning the flywheel even when you feel like abandoning it. James and Jim, also speak about how great leadership, can take a company, far beyond what is projected on paper. Jim also explains the difference between Good and Great. To conclude the episode, Jim speaks about luck and how not only good luck is inevitable but so is bad luck, he explains how not all time in life is equal and how you should zoom in on the good luck and reevaluate the bad luck.  

Find out more about Jim Collins here:

https://twitter.com/level5leaders

https://www.jimcollins.com/

Buy Jim's new book, Beyond Entrepreneurship 2.0.  

(https://www.jimcollins.com/books/BE2.html)

https://bit.ly/Go_BelowtheLine

Hit the show hotline and leave a question or comment for the show at 424-272-6640, email James questions directly at [email protected] or follow us on Twitter @ twitter.com/gobelowtheline

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About your host, James:

James Beshara is a founder, investor, advisor, author, podcaster, and encourager based in Los Angeles, California. James has created startups for the last 12 years, selling one (Tilt, acquired by Airbnb), and invested in a few multi-billion dollar startups to date. He has spoken at places such as Y-Combinator, Harvard Business School, Stanford University, TechCrunch Disrupt, and has been featured in outlets like the New York Times, the Wall Street Journal, Fortune Magazine, and Time Magazine. He’s been featured in Forbes, Time, and Inc Magazine’s “30 Under 30” lists and advises startups all around the world. All of this is his “above the line” version of his background. Hear the other 90% of the story in the intro episode of Below The Line.

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