E9 | Small Giants part B with Bo Burlingham

Bo Burlingham discusses the updates in the 10th anniversary edition of his book, Small Giants, specifically on how small giants fail. He emphasises the need for businesses to maintain three crucial elements for long-term success: steady gross margins, a healthy balance sheet, and a sound business model. Bo shares stories of companies that faced challenges due to ignoring these principles. He also talks about his upcoming book on evergreen companies and the importance of understanding who you are, what you want, and why in business. Maintaining steady gross margins, a healthy balance sheet, and a sound business model are crucial for long-term business success. Understanding the reasons behind business failures helps in preventing them. Personal connections within companies are essential to maintain a unique culture. Evergreen companies focus on enduring success without external funding. Knowing who you are, what you want, and why is vital in business. Building communities around business principles can inspire and sustain positive impact. Follow Bo Burlingham https://boburlingham.com/[email protected] Books on this episode Great by Choice by Jim Collins https://amzn.to/49PUI1Z How Will You Measure Your Life? by Clayton Christensen https://amzn.to/3Thd6d0 The Innovator's Dilemma by Clayton Christensen  https://amzn.to/3velmSV Competing Against Luck by Clayton Christensen  https://amzn.to/3PnL2TV The Great Game of Business by Jack Stack and Bo Burlingham https://amzn.to/3vfB3cz A Stake in the Outcome by Jack Stack and Bo Burlingham https://amzn.to/48Ueyb4 Small Giants: Companies That Choose to Be Great Instead of Big, 10th-Anniversary Edition by Bo Burlingham https://amzn.to/4ad4ZVx Street Smarts by Bo Burlingham https://amzn.to/3IED7hy Finish Big by Bo Burlingham https://amzn.to/3IBXo75 Watch the episode on YouTube: https://www.youtube.com/@TheEvolutionPartners Newsletter – each week I share interesting insights, articles and ideas you can use. Join other leaders and subscribe to The Evolution Partners newsletter https://evolutionpartners.com.au/subscribe/ Books – Learn more about our books https://evolutionpartners.com.au/books/ Made to Thrive: The practical, prescriptive guide on how to be a great CEO Onboarded: How to bring new hires to the points where they are more effective faster. A business case for leaders on why you should commit to an effective onboarded process. Onboarded for Managers: Helping managers bring new hires to the point where they are more effective faster. Follow me: on https://au.linkedin.com/in/bradleygiles on https://twitter.com/Evolution_Perth Enjoying the show? Leave a review Support the show: https://www.facebook.com/evolutionpartnersperthSee omnystudio.com/listener for privacy information.