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You Have To Out-fail The Competition
When it comes to overall success in business or life, the way you get ahead of your competition is by out-failing them—by running more experiments and taking more risks than they do. The reason is that it's experiments that give us feedback; when trying something new, we are going to learn two things from it:
QUOTE OF THE DAY
“Always stick to what makes you weird, odd, strange, different. That’s your source of power.”
OUT-FAIL THE COMPETITION
334 Words | 1 Min 13 Sec Read
When it comes to overall success in business or life, the way you get ahead of your competition is by out-failing them—by running more experiments and taking more risks than they do. The reason is that it's experiments that give us feedback; when trying something new, we are going to learn two things from it:
It worked
It didn’t work.
Both answers are positive ones because they teach you something that you didn’t know before. Treat it like a scientist; you don’t have a result or can’t make a step forward unless you do experiments. What we know about the world today is all through experiments, some that have gone right and some that have gone wrong, but regardless, all have moved the needle forward.
Failure = feedback.
Feedback = knowledge
Knowledge = power.
Failure gives you power.
But the likely chance is that you’re scared to do experiments; why is that?
Is it due to uncertainty or fear of the outcome? A fantastic quote from Obama to help you overcome that fear goes as follows:
"You don’t have to get to 100% certainty on your big decisions; get to 51%, and when you get there, make the decision quickly and be at peace with the fact that you made the decision based on the information you had".
Another way to look at it in the case that you don’t know if you’re ready to take the experiment because you don’t know how it will affect you is to try and look into the future.
Take, for example, 100 parallel universes where you do the thing that you’re scared to do and ask yourself the question, Is there a higher likely chance that I will come out better in those universes or not?’
If it’s a yes, then you’ve just proved to yourself that you should try. If it's a no, then maybe it's one to miss out on. Although failures are a good thing, it doesn’t mean making stupid decisions just for failure.
ACTIONABLE NEXT STEPS:
Remember, all you have to do in order to make a decision and take a risk is get to 51% certainty. No one is ever 100% certain of the decisions they make; they are typically just more certain than not.
TAKEAWAYS:
You need to outfail your competition in order to get more feedback, do more things with that feedback, and progress more.
BOOK OF THE WEEK ⤵️
The book of the week is ‘The Richest Man In Babylon’ by George Clason, Described simply, It’s a series of short stories; the book teaches straightforward lessons that aim to show that the secrets to wealth building are unchanging and remain applicable throughout history. Read it HERE
CREATOR OF THE WEEK ⤵️
The creator of the week is @Tomnoske, a US-based creator making some of the most engaging and down-to-earth content on the platform today. He speaks about topics under the umbrella of self-improvement covering money, aspiration, tricks and tips. Not one to miss out on!
LESSON OF THE DAY ⤵️
What you consume influences your thoughts more than you’d realize.
Be careful how you program your mind.
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