The Plumber Next Door: Lessons from Jim Collins' How the Mighty Fall

The Plumber Next Door: Lessons from Jim Collins' How the Mighty Fall

There are only a handful of books that I read regularly. I read Essentialism by Greg McKeown every year during the holidays to eliminate the stuff I shouldn’t be doing that I accumulated throughout the year. The second book I read every quarter. That’s How the Mighty Fall by Jim Collins.

To give you some background, I’ve led high-growth companies since 2007. Five of those companies made the Inc. 500 | 5000 list, a few simultaneously. Those companies have made the list thirteen times in total. Those businesses' average annual growth rate is over 40% per year.

I don’t say that out of arrogance or ego. I say it with humble confidence. There have been countless mistakes on that journey and numerous lessons; documenting them all would be as lengthy as War and Peace. I’m sure I’ll make a million more mistakes, and if I’m lucky, I’ll continue to learn from those, too.

Continue reading on my Substack here: https://www.markodonnell.me/blog/the-plumber-next-door-lessons-from-jim-collins-how-the-mighty-fall

Chris Beer

Guiding service-based SMBs through turnarounds and leadership transitions

7 个月

Great share, Mark. I feel like the combo of How the Mighty Fall and Necessary Endings is a prescription for clarity.

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