Jayesh Tekchandaney Tekchandaney
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Buy Back Your Time presents a strategic and actionable approach to scaling a business efficiently. The buy back principle says, "Don't hire to grow your business, hire to buy back your time." Instead of hiring just to handle more work, the focus is on hiring to free up your time from tasks that don't align with your strengths or high-value activities. Thus, you can concentrate on growth-driven roles, strategic decision-making, and areas where you add the most value, ultimately accelerating your business's progress. This shift in mindset enables sustainable growth and prevents burnout.
When a company choses to comprise on quality (which in the case of Boeing airplanes has a direct bearing on the safety), for the sake of business and profitability, slowly but eventually it results in descent, and undoing of all the good work done over many years, hurting the business reputation beyond repair. The following is a short narrative of the Boeing 737 Max case study.
The Success Mantra is a collection of time tested and proven principles, that I have attempted to summarise in this note, from some of my all time favourite books.