Jacobs's team uses the acronym WOTWOM—Waste Of Time, Waste Of Money—as a rapid check on new ideas. Any suggestion can be challenged with this label if it doesn't clearly contribute to organic revenue growth or margin expansion. This simple tool creates a culture focused on high-leverage activities.

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Entrepreneurs often have enough new ideas to kill their focus. A tactical solution is maintaining a dedicated document to fully flesh out every new idea as it arises. This process satisfies the creative urge and provides emotional distance, allowing for more objective evaluation later without disrupting current priorities.

Saying 'no' to product ideas is often contentious. At GitHub, the process is simplified by first 'seeking the truth'—rigorously assessing if an initiative aligns with the team's definition of success. If it doesn't, the 'no' becomes an objective, logical conclusion rather than a subjective or political decision.

When planning initiatives, account for a hidden tax. Any new change will cause a temporary 20% dip in revenue and productivity. Meanwhile, any process left alone improves by 5-10% as people get more efficient. Your initiative must therefore generate over a 30% uplift just to break even.

When launching a new strategy, define the specific go/no-go decision criteria on paper from day one. This prevents "revisionist history" where success metrics are redefined later based on new fact patterns or biases. This practice forces discipline and creates clear accountability for future reviews.

To get buy-in from skeptical, business-focused stakeholders, avoid jargon about user needs. Instead, frame discovery as a method to protect the company's investment in the product team, ensuring you don't build things nobody uses and burn money. This aligns product work with financial prudence.

Organizations suffer from an excess of priorities, a modern phenomenon since the word was originally singular. To restore focus, use the "hell yes" test: if a new initiative doesn't elicit an enthusiastic "hell yes" from stakeholders, it's not a true priority and should be dropped or postponed.

Serial acquirer Brad Jacobs boils down his complex business strategy to two core objectives: growing organic revenue faster than the market and continuously expanding profit margins. Every decision is evaluated against its ability to move one of these two levers, providing a clear and powerful framework for creating shareholder value.

The strategy of eliminating the "worst 20%" applies across the business. Beyond firing unprofitable customers, analyze your product lines and even your team. Discontinuing low-margin, high-hassle products or removing toxic employees can free up immense resources and improve overall business health just as effectively.

A simple but powerful framework for any product initiative requires answering four questions: 1) What is it? 2) Why does it matter (financially)? 3) How much will it cost (including hiring and ops)? 4) When do I get it? This forces teams to think through the full business impact, not just the user value.

Counteract the natural tendency to add complexity by deliberately practicing 'relentless subtraction.' Make it a weekly habit to remove one non-essential item—a feature, a recurring meeting, or an old assumption. This maintains focus and prevents organizational bloat.