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Some good discussion in this thread at Hacker News about how to evaluate people with a business skillset if you've got technical skills already.
I reckon "a knack for getting money" is probably the most key thing to look for in a businessperson. Some people have a knack for getting money.
All the business skills in the world without the knack for getting money doesn't fly. Well, maybe for employee #7,632 once a company's made it. But not for starting something up. You need to hustle and get money of some form real fast early on. A business guy who can't get money is probably worse than useless - if he wasn't on board, you'd be worried about solving the money problem yourself. But since he's supposedly the business guy and seems to be doing business guy stuff, you think things are cool. But things aren't cool. Go long enough without money, you die.
So, where do you get a knack for getting money? We're not born with it. It's acquired through action somehow. What's it take?
It is very insightful to spend even a short amount of time hitting somewhere close to maximum productivity and effectiveness.
You can't really see or feel opportunity cost when you're kind of screwing around, half-working, not getting much, done, etc. You're not getting as much done as you could, that's true, but the suspects for what's dragging on you are not about the other productive endeavors, but about all the distractions.
As soon as you're near peak production for even a few days in a row, you start to see the interplay of how we all have a single well of time each day, 24 hours deep, and it gets drained systematically as the minutes pass.
There is much to be said about this point, about opportunity cost, about focus, about achievement, about whatever else — but we won't say that now.
Rather, let's talk about the days when the water in your well of time is hard to drink, and not so much is happening.