Thursday, November 10, 2022

🏁 Axios Finish Line: The 1% rule

Plus: Stunning reflection | Thursday, November 10, 2022
 
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Axios Finish Line
By Mike Allen, Erica Pandey and Jim VandeHei ·Nov 10, 2022
Nov 10, 2022

Welcome back! Axios CEO Jim VandeHei is at the helm. Reach him at jim@axios.com.

  • Smart Brevity™ count: 333 words ... 1½ mins.
 
 
1 big thing: Performing under pressure
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Illustration: Sarah Grillo/Axios

 

Liz Jarvis-Shean lives, by choice, in pressure cookers — first at the White House, then Tesla, then Airbnb and now DoorDash, a high-growth, high-intensity startup.

  • Why it matters: Marinating in stress, chaos and wild unpredictability, Liz developed her own blueprint for leading through turbulence.

Call it the Liz Doctrine.

  • Here's my crack at distilling it, based on an interview we did this week for Axios HQ:

1. The 1% Rule: Push yourself to get 1% better each day, in good times and bad. No one changes radically overnight. But everyone can get a tiny bit better at something daily.

  • "Hold yourself accountable," Liz says. "Don't just throw up your hands and say it's not worth it." This rule is a core value at DoorDash, she tells us.

2. Find yourself: You can't guide others if you're lost yourself. Use tough moments to sharpen your core beliefs — the things that matter most — and then share them confidently.

3. Be real: "Nobody trusts a phony," Liz says. "People can smell insincerity a mile away."

  • In tough times, people crave clarity and directness. Deliver it.
  • "Don't try to be something you're not."

4. Don't hide: People too often let fear guide them to silence. Fear of screwing up. Fear of saying the wrong thing.

  • "A lot of people's natural instinct … is to be very, very guarded," Liz said. "I think there's enormous power in transparency."

5. Exploit crisis: When COVID hit, DoorDash could have collapsed. The company needed restaurants making meals — and drivers delivering them safely.

  • So everyone from the CEO on down had to phone relatives and friends to find enough masks and supplies to stay afloat. "Crisis focuses people if you handle it correctly."

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Nature shot
Photo courtesy of Lynn B.

Today's wondrous photo was taken in early October by Finish Liner Lynn B. at Jenny Lake in Grand Teton National Park.

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