Short excerpt from a YouTube talk by Jason M. Lemkin advising listeners to adopt and stick to a ‘C60’ plan — a plan they have at least 60% confidence in executing. He contrasts such a plan with overly optimistic or excessively conservative plans and emphasizes honesty about falling short.
You have to do it and stick to a plan. Stick to a C60 plan. A plan you have at least a 60% confidence in making. If you have a C60 plan, you probably actually don't have to change it during the course of the year. You're not sure you'll make it. It's not excessively conservative. You have a 60% confidence, but it's not delusional like a 10% confidence plan. The C60 plan you should be able to keep to. And even if you come up a little short, well, that's fine. I mean, it's not great, but at least we're honest. We came up short.
