Naveen Jain: Going to the moon & listening to your gut…literally | Less Doing Podcast Ep 296

Naveen Jain (@naveen_jain_ceo) is a serial entrepreneur and philanthropist driven to solve the world’s biggest challenges through innovation. He gives new meaning to the phrase “to the moon and back” and has changed the industry of monitoring inner health.

“Making money is like having an orgasm: you would never get it if you focus on it. It has to be a byproduct of the things you really enjoy doing.” — Naveen Jain

On this episode of The Less Doing Podcast, you’ll get to know Naveen’s two most recent ventures, Moon Express and Viome, alongside his brilliant advice for entrepreneurs in creating successful work endeavors.

Naveen’s Advice — How do you know if your dream is realistic?

1. Think ‘God forbid, if I succeed, is it going to change the lives of 1 billion people around the world?’ If the answer is no, then it’s not worth doing.
2. When you tell them your idea and they don’t think your crazy, you’re not thinking big enough.

“Always remember the life of an entrepreneur is like a heartbeat…

it’s always up and down. When it’s smooth, you’re already dead and you just don’t know it yet.”

Quickie Show Notes:

• Moon Express is the first company in the universe with authorization to leave Earth’s orbit and land on the moon #tothemoonandback
• Learn leveraging the mineral resources the moon has to offer {specifically Helium 3 aka the best fusion source we have} is beneficial for humanity.
• How do you know if your dream is realistic?
• When once you start to think something is impossible, it becomes impossible for you and not someone else. The more people who think it’s impossible, the more people have taken themselves out of of solving that problem. That means you have the field to yourself.
• Does being a non-expert help you or hurt you?
• Fundamentally challenge the foundation, you have to challenge the experts have taken for granted

• Viome is the company creating a world where illness is optional #listentoyourgut
• All chronic illness starts with your gut, using Viome, learn how to manage your inner health
• Dream so big people think you’re crazy…

To get the full low down on Naveen’s insights, listen to the complete episode below.

Do you actually need a dashboard for your company?

Dashboards are a huge buzzword right now for companies of all sizes and industries. It seems like everyone wants a dashboard, and they want this dashboard to display every metric possible for their company.

Here is the biggest problem when it comes to dashboards….

Yes, it’s possible to build the dashboard with an impressive interface and a massive amount of data; however, most people end up actually never looking at these dashboards. Companies invest a boatload of money and resources into creating these dashboards but they are practically useless if they are not approached in the right way in the first place.

Most of you who think you need a dashboard actually don’t…

This should be a relief as you don’t necessarily have to invest time and money as you may have thought to get the data you need to make informed decisions. The most important thing with a dashboard is figuring out what you want to be done with the information that is gathered.

Ask people what metrics they want their dashboard to display and they usually say everything…

Most people want dashboards to give them every the stat possible such as customer retention, churn rates, and all kinds of metrics that look ‘really pretty’ and impressive to view.

The question then becomes how are you going to use the information in your dashboard to make informed decisions for your company?

If you are showing revenue on a dashboard and that revenue goes up 10% what are you going to do about it? If the revenue goes down 10% what are you going to do about it? The key is to drill down and figure out what you actually want to do with the information you are collecting from a dashboard.

At the end of the day, you may find out there is simply one metric that matters most to your business more than any other…

A lot of times you are able to find one metric that drives all others. So stop and think about what metrics you really need, and then what action you would take with that data. Oftentimes there is a more efficient way to get that data and then act on it to make positive changes to your business.