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

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