Post by sumiseo558899 on Nov 4, 2024 5:33:15 GMT 1
Young top managers ruin their companies time after time by making the same mistakes. But thanks to the CBDO Global 1win report by Roman Ostrovsky, we now know how to act correctly in managing an iGaming business, and what definitely shouldn't be done.
Any business is a complex organism, all the processes and nuances of which sometimes even its founder does not know. The development of this organism requires enormous professionalism and dedication, since there are no trifles in this business: even a small mistake can lead to colossal losses, reputational or financial.
In the relatively young iGaming
content writing service industry, the rules of the game are even more blurred. After all, even companies that we consider giants often have not been on the market for even a couple of decades. However, people who have built iGaming holdings know more about this vertical than anyone else. And one of them is CBDO Global 1win Roman Ostrovsky. He shared his business expertise as part of a presentation with a report in 2024.
We don’t know whether the 1win story was a “survivor bias,” so we won’t talk about what a top manager of an iGaming company “should” do. But after listening carefully to Roman’s report, we clearly understood what definitely shouldn’t be done — and compiled a list of “bad advice” for C-level employees in the gambling industry.
The "atmosphere" in the company is not your concern
Your company is a money-making machine, nothing more and nothing less. Treat it that way; after all, no one puts air fresheners or strings of lights next to an ATM. Your employees are there to bring you money, and you are there to collect it. Don't complicate this beautiful commodity-market relationship.
There is no need to worry about some abstract "atmosphere" in the company: an employee is either effective or not. In the second case, he must be replaced like a broken part and a new person hired. Everyone must understand that there are no irreplaceable people, and this knowledge in itself is a great motivation not to be distracted from work.
Voice of reason:
"70% of key people in our company were hired before 2020. We have a huge share of top management - people raised from within. Due to this, a unique friendly atmosphere has developed in the team, which pushes everyone to realize that they are not working for someone else, but are developing their own business. This approach gives a much higher return on work. The company's mindset is the mindset of each employee, and it determines the overall efficiency."
Roman Ostrovsky, CBDO Global 1win
Lead Panda your reliable partner
Read more
Advertising
Turn off your phone on vacation and after 8:00 PM
Managing a team, department, or entire company is an extremely tiring task, and burnout is the main enemy of any effective manager. After a productive workday, turn off notifications in your CRM system, block work chats, and don’t open the door to anyone except the food delivery guy. You deserve it.
The same goes for vacation. No matter how important you are to the decision-making process or how unique your expertise, 28 days a year you belong to yourself. Brief your deputy and turn off your phone – if you’re lucky, the staff will figure it out themselves. You’re on the beach, not in the office.
Any business is a complex organism, all the processes and nuances of which sometimes even its founder does not know. The development of this organism requires enormous professionalism and dedication, since there are no trifles in this business: even a small mistake can lead to colossal losses, reputational or financial.
In the relatively young iGaming
content writing service industry, the rules of the game are even more blurred. After all, even companies that we consider giants often have not been on the market for even a couple of decades. However, people who have built iGaming holdings know more about this vertical than anyone else. And one of them is CBDO Global 1win Roman Ostrovsky. He shared his business expertise as part of a presentation with a report in 2024.
We don’t know whether the 1win story was a “survivor bias,” so we won’t talk about what a top manager of an iGaming company “should” do. But after listening carefully to Roman’s report, we clearly understood what definitely shouldn’t be done — and compiled a list of “bad advice” for C-level employees in the gambling industry.
The "atmosphere" in the company is not your concern
Your company is a money-making machine, nothing more and nothing less. Treat it that way; after all, no one puts air fresheners or strings of lights next to an ATM. Your employees are there to bring you money, and you are there to collect it. Don't complicate this beautiful commodity-market relationship.
There is no need to worry about some abstract "atmosphere" in the company: an employee is either effective or not. In the second case, he must be replaced like a broken part and a new person hired. Everyone must understand that there are no irreplaceable people, and this knowledge in itself is a great motivation not to be distracted from work.
Voice of reason:
"70% of key people in our company were hired before 2020. We have a huge share of top management - people raised from within. Due to this, a unique friendly atmosphere has developed in the team, which pushes everyone to realize that they are not working for someone else, but are developing their own business. This approach gives a much higher return on work. The company's mindset is the mindset of each employee, and it determines the overall efficiency."
Roman Ostrovsky, CBDO Global 1win
Lead Panda your reliable partner
Read more
Advertising
Turn off your phone on vacation and after 8:00 PM
Managing a team, department, or entire company is an extremely tiring task, and burnout is the main enemy of any effective manager. After a productive workday, turn off notifications in your CRM system, block work chats, and don’t open the door to anyone except the food delivery guy. You deserve it.
The same goes for vacation. No matter how important you are to the decision-making process or how unique your expertise, 28 days a year you belong to yourself. Brief your deputy and turn off your phone – if you’re lucky, the staff will figure it out themselves. You’re on the beach, not in the office.