Why You Must Own All the Assets of Your Business

Why You Must Own All the Assets of Your Business

Author: Hard Knocks June 1, 2024 Duration: 1:18:15

Join us this time as David and John talk about the importance of OWNING your assets and the dangers of not learning about KEY and RELATED parts of your job.


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📖 Key points in the episode:

00:00:00 Intro

00:01:31 Hard Knock 1: Not owning your assets

00:02:11 Stark Industries didn't own their website

00:07:30 Productivity Point didn't own them either

00:09:14 Durendal owns none of their advertising

00:15:08 When you don't own your assets… you recreate them

00:18:00 Avoid single points of failure

00:20:30 Vendor Lock

00:22:25 Lack of Accountability

00:23:35 Fix 1: Formal Ownership Agreements

00:26:16 What is a Letter Agreement

00:27:28 Fix 2: Google Shared Drive Hack

00:29:15 Fix 3: Get all your code inside of github

00:31:38 Digital Asset Management System

00:33:48 Fix 4: Data Governance

00:36:57 Hard Knock: Not knowing how key parts of your job work

00:42:50 For those of you in operations

00:44:45 More examples!

00:49:20 You minimize the value that other people provide

00:53:33 Fixing the problem

01:05:45 David Asks John

01:10:10 John Asks David

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👥 Credits:

Writers: David Fox and John Fox

Editors: Maggie Fox

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There's a difference between hearing a piece of advice and truly understanding the wisdom behind it. Hard Knocks is built on that distinction, moving beyond the surface-level tips that fill our feeds to explore the real stories where genuine insight is forged. Each conversation in this podcast centers on mentorship, but not in a theoretical way. Guests become the guiding voice you might have missed, sharing not only what they learned but, more importantly, how they learned it. You'll hear about the specific struggles, the unexpected turns, and the personal transformations that gave their lessons weight and truth. In a culture saturated with quick fixes, this is a space for depth and nuance, where the journey itself is the teacher. Listening to this podcast feels like gaining access to a series of candid, late-night conversations with people who have been through something meaningful and are willing to unpack it all-the failures, the doubts, and the hard-won clarity. It’s about finding applicable wisdom in the messy, human experiences we all share.
Author: Language: en-us Episodes: 18

Hard Knocks
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