Elon Musk's 5 step guide to run a company.

So, step one, uh, make your requirements less dumb. Step two, delete the part or process step. If you're not adding things back in 10% of the time, you're clearly not deleting enough, — right? — Um, and then, uh, only the third step is simplify or optimize. The third step, the first step, um, the reason it's the third step is cuz it's possibly the most common error of a smart engineer is to optimize a thing that should not exist. And then finally, you get to step four, which is accelerate cycle time. You're moving too slowly, go faster, but don't go faster until you have worked on the other three things first. You can always make things go faster. Um, and then the final step is automate. Now, I have personally uh made the mistake of going backwards on all five steps multiple times. Literally I automated, accelerated, simplified and then deleted.