Adopting a Positive Sum Mindset to Accelerate Your Business
Understand how to adopt a positive sum mindset to accelerate your business. Learn how to play positive-sum games and understand the benefits of sharing thoughts with partners.
Nathan Barry
Founder & CEO at @ConvertKit — the leading Creator Marketing Platform. Grow your audience & earn a living with ConvertKit: https://t.co/qtBLZSqe64
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The best entrepreneurs play positive-sum games.
— Nathan Barry (@nathanbarry) March 17, 2023
Here’s how to adopt a positive sum mindset to accelerate your business: -
A few years ago, I was sitting on the patio with my two partners in our Airbnb business.
— Nathan Barry (@nathanbarry) March 17, 2023
We were reviewing financial forecasts and equity schedules when a thought crossed my mind.
I felt a little guilty sharing it with my partners, so I kept it to myself. -
But out of nowhere, Patrick said exactly what I was thinking:
— Nathan Barry (@nathanbarry) March 17, 2023
“I’m getting a really good deal here!”
He was right. -
A year earlier, Patrick was working construction for a little over $20/hour.
— Nathan Barry (@nathanbarry) March 17, 2023
Today he’s working full-time as a partner in our company where he’s earning well over $150k in cash and equity each year. He’s well on the path to building wealth.
But here’s the thing… -
All three of us were getting a good deal!
— Nathan Barry (@nathanbarry) March 17, 2023
It wasn’t just Patrick who felt he was winning.
We all felt we were getting crazy good deals and were happy with our partnership.
And here’s why: -
None of us would be in the short-term rental business, without the other two.
— Nathan Barry (@nathanbarry) March 17, 2023
• Philip manages business logistics
• Patrick handles remodeling
• I finance the deals
The crazy part? -
Philip and I don’t want to deal with construction projects.
— Nathan Barry (@nathanbarry) March 17, 2023
So we have Patrick.
Patrick and I don’t want to worry about business logistics.
So we have Philip.
Patrick and Phillip don’t want to worry about locking up financing.
So they’ve got me! -
I have the ability to purchase properties with cash.
— Nathan Barry (@nathanbarry) March 17, 2023
This makes it easier to:
• Move quickly on deals compared to our competitors
• Purchase distressed properties in situations where banks won’t lend
Thanks to Philip and Patrick's work, I get a return far beyond the market. -
The sum of our little real estate business is greater than the parts.
— Nathan Barry (@nathanbarry) March 17, 2023
Many people view business as a zero-sum game:
“For me to win, someone else has to lose.”
But that’s not how to win at the game of business. -
The best companies know business is a positive-sum game.
— Nathan Barry (@nathanbarry) March 17, 2023
Apple is on a mission to bring the best experience to its customers.
Through this mission:
• Shareholders increase their wealth
• Consumers get to use great products
• Employees get paid well to work on cool problems -
At @ConvertKit, we’re on a mission to help creators earn a living.
— Nathan Barry (@nathanbarry) March 17, 2023
Through this mission…
• I build wealth while working on a problem I care about
• My team builds wealth while they get to do great work
• Creators everywhere get a great product to grow their businesses -
It’s easy to think of partnerships as splitting work evenly.
— Nathan Barry (@nathanbarry) March 17, 2023
But the best partnerships are where the joint effort is more than the incremental return.
That’s when you’ll be able to achieve exponential growth in your wealth and impact. -
The best entrepreneurs make 1 + 1 equal to anything greater than 2.
— Nathan Barry (@nathanbarry) March 17, 2023
If you enjoyed this thread, follow me at @nathanbarry and subscribe to my newsletter for more on earning a living as a creator: https://t.co/bCVauP5Tcr