POPULARITY
If you're too serious, you will raise anxiety in the relationship systems that you lead. Here's how humor can help. Show Notes: Leaders Can Carry Too Much Truth Through Humor - Admired Leadership How to Develop Your Most Important Asset as a Leader: Trust - The Non-Anxious Leader Blog Little Bets: How Breakthrough Ideas Emerge from Small Discoveries by Peter Sims Subscribe to my weekly Two for Tuesday email newsletter.
Dealing with my tablet today that I rarely ever use...I discovered a few things! --- Send in a voice message: https://podcasters.spotify.com/pod/show/stephanie-johnson23/message
Even though you have always been taught to avoid mistakes, the fact of the matter is that mistakes are good. This is because mistakes teach you where you went wrong and give you an opportunity to improve. If you want to succeed, you must take little bets, fail quickly, and learn fast. SummaryIn his path breaking book, “Little Bets: How breakthrough ideas emerge from small discoveries”, Peter Sims argues that truly innovative companies take little bets that help them to learn and grow. Listen to this Podcast by Edelweiss MF to learn how little bets can help you pave the road to success. 1. Success is not about having one great idea. It is about starting with one idea, discovering that it is flawed, and then quickly reshaping the idea with the new learnings.2. There are two main imperatives to achieving success. The first is to be willing to make mistakes and the second is to have an open mind and learn from these mistakes.3. When you become comfortable with failure and are able to view false starts and mistakes as opportunities, then you open yourself up creatively.4. Experiments are good. They give you an opportunity to test an idea, iterate, and improve. 5. When you start something new, don't just focus on the expected gains. Instead, focus on how much you can afford to lose. 6. Always remember that while geniuses are exceptionally rare, anyone can use little bets to unlock creative ideas.Peter Sims' book makes it easy to understand the importance of taking little bets that can shape your journey and put you on the path to success. You can listen to the podcast on the Edelweiss Mutual Fund website, Spotify, Google Podcasts, and Apple Podcast. We hope you enjoyed this podcast and will tune in to listen to more such podcasts on investing nuggets.
One job of a leader is to analyze risk appropriately, then make a decision on how to move forward. However, our perception of risk is not always rational. Your ability to discern the difference between perceived risk and real risk will make a difference. This episode deconstructs perceived risk to help you know the difference. Show Notes: Here's an article from The Decision Lab on Salience Bias. Here is everything you need to know about Slug Lines. This is Seth Godin's blog post, Feel Risky. This is Peter Sims' book, Little Bets: How Breakthrough Ideas Emerge from Small Discoveries. --- Send in a voice message: https://anchor.fm/jack-shitama/message
Feeling the burnout of content creation? You don’t want to content-create yourself into the grave! What’s the value of generating constant content when it feels like you’re fighting against the algorithm? One thing is certain: Growth never comes easy. It’s not always about perfection, it’s about creating content that resonates. How do we know what resonates? By making little bets and embracing the possibility of failure. Why? Because it’s all data in the end. Being a multi-passionate entrepreneur means looking for content that sticks while building trust. Sometimes that means feeling burned out when it seems like we’re constantly pushing content into the ether, to people we don’t matter to. Here’s the thing: If the content you create is authentic, accessible, and resonates with even a small group of people, you’re already leading by example. We can produce content that is authentic when we explore areas we are genuinely interested in improving. But hold up! It’s not about perfection! Your tools don’t matter as much as your ability to empower your audience by developing rapport and letting your integrity shine through your work. “Your art contributed to my well being in a way that made me feel empowered.” LINKS Heather Thorkelson Dave Conrey Dave Conrey’s Youtube Channel Selling Art Online Little Bets: How Breakthrough Ideas Emerge from Small Discoveries by Peter Sims So Good They Can’t Ignore You Stupid Easy Paleo — Steph Gaudreau Harder to Kill Podcast Subscribe and Rate us on Apple Podcasts Republic of Freedom Radio is a podcast by Republic of Freedom. Recordings and design by Heather Thorkelson. Shownotes by Jesse and Editing by Steph from EDITAUDIO.
Eric Barker is redefining the rules of success. Leaving behind an illustrious career as a screenwriter for Disney and Fox, Eric turned his passion for fact-finding into one of the most popular blogs on the Internet. His insatiable curiosity drives him to question everything and, in turn, publish science-based insights that reveal real and usable secrets to success. He’s spoken on these secrets at prestigious institutions like West Point, Yale and MIT and his work has been featured in The New York Times, The Wall Street Journal, Time magazine, and Business Insider. Watch Eric Barker explain why everything you know about success is (mostly) wrong in this jam-packed episode of Impact Theory with Tom Bilyeu. PULL QUOTES “Peer pressure affects us our entire lives. We are always influenced by our context and by the people around us. The biggest danger is we don’t realize it.” [15:50] “It’s so hard to bring up your weaknesses. You see much greater gains by trying to double-down on your strengths.” [19:41] “Work’s not work if you enjoy it.” [22:56] “We’ve all had successes; we’ve all had failures. But which ones do we choose to define ourselves by?” [31:57] “If you have trouble changing your story, first change your behavior.” [36:42] “The more stuff you quit that isn’t delivering value to your life, the more resources, time, and energy you have to really become good at something.” [39:06] SHOW NOTES Eric speaks out about why feeling powerless at work can kill you. [3:55] Tom and Eric discuss the “prisoner’s dilemma” and whether nice guys still finish last. [7:07] Eric talks about behavioral strategies and lengthening the shadow of the future. [12:02] Eric offers advice to those who are givers in every area of life. [15:01] Eric debunks how bad behaviors can be good in the right context. [18:00] Tom and Eric go deep on what drives him and how he’s reinvented himself. [22:16] Eric explains why the Navy’s research shows self-talk was a critical component of their training. [26:21] Eric speaks on the power of personal narrative and the evolving story of the self. [30:18] Eric addresses why stories are edited and inaccurate and why your story follows your behavior. [33:53] Tom and Eric dive into knowing when to quit and how to manifest your dreams. [38:39] Eric describes how to use little bets to develop passion and asking questions to spark curiosity. [43:22] Eric reveals three keys to producing great content and uncovers the struggle with happiness. [47:22] Eric breaks down work-life balance and the four things that everyone needs to consider in life. [52:02] Eric defines the impact that he wants to have on the world. [54:38] MENTIONED IN THIS EPISODE BOOKS Barking Up the Wrong Tree: The Surprising Science Behind Why Everything You Know About Success Is (Mostly) Wrong - http://amzn.to/2wXGjyu [0:57] Little Bets: How Breakthrough Ideas Emerge from Small Discoveries - http://amzn.to/2w9CnwX [43:28] FOLLOW ERIC TWITTER: http://bit.ly/2uFlLNH FACEBOOK: http://bit.ly/2uKxvdV INSTAGRAM: http://bit.ly/2i0vc4q WEBSITE: http://bit.ly/1l97koO
The surprising truth about highly successful people is they are not crazy risk takers. Yes, they all take many risks, but they are, calculated risks! What today's guest calls Little Bets. We're digging into ways to hedge your success by taking constant Little Bets. Peter Sims is the founder & CEO of Parliament, inc., and of BLK SHP (“black sheep”) who is also an accidental author. His latest book Little Bets: How Breakthrough Ideas Emerge from Small Discoveries, was selected as a one of the six best advice books for entrepreneurs by the Wall Street Journal and as one of the best business books of the year by The Washington Post, Inc. Magazine, AmEx OPEN. Peter is the coauthor with Bill George of True North: Discover Your Authentic Leadership, which was a Wall Street Journal and BusinessWeek best-seller. His articles have appeared in The New York Times, Bloomberg, The Financial Times, Harvard Business Review, Forbes, and TechCrunch. A graduate of Bowdoin College, who frequently speaks or advises companies and organizations, Peter has had a long-term collaboration with faculty at Stanford's Institute of Design (the d.school) and received an M.B.A. from Stanford Business School.
I have to tell you, I greatly enjoyed reading Peter Sims' book Little Bets and talking with him over the phone. Frankly, I enjoyed it far more than I expected. I expected it to be a book about innovation, and it is. But there are so many lessons in it that apply to all of us who desire to deliver projects and lead teams. In this special premium edition, I want to share some coaching for you based on lessons from Little Bets: How Breakthrough Ideas Emerge from Small Discoveries. First, the big idea of the book is to stop trying to hit the home run, to figure it all out up front, to completely understand everything before you take the first step. Some of those who seem to make success seem effortless start small and iterate instead of trying to get it all correct from the start. One of the objections I often hear about project management is that it presupposes that you can figure out everything up front and then you execute against that plan. That's why project management doesn't work, according to that mindset. You can't know everything up front, so that's why we can't do project management! PMI has a different take on that, interestingly. In the PMBOK Guide there are references to progressive elaboration or rolling wave planning. Rolling wave planning means that we can't know everything up front. We must do our best job of plotting a course, setting a baseline for how we think the project will go. But it won't go that way! Things will change, which is why we must progressively elaborate. When it comes to the big project you have weighing on your shoulders, is there a way you could take smaller steps? In the interview we talked about the term of smallifying--chunking down the project into smaller pieces. Keeping our scope as small as possible and iterating incrementally instead of trying to do it all in one project is a formula for increased likelihood of success, which is why agile methodologies continue to gain in popularity. What do you need to smallify? What have you been procrastinating that you could take a first step? Take that first small step. The PMI concept of decomposition is directly aligned with Peter Sims' recommendation to break things down into smaller pieces to improve your ability to deliver successfully. Second, do you recall my discussion with Peter about the Illusion of Rationality? It's easy for project managers and leaders to fall into this trap. "In the plan we trust!" is the mindset, and if the plan is thick enough, pretty enough, and rationally articulated, then we must be OK. Or not. It's critical we ask if we've spent enough time with those who we're delivering for? Do we really understand their issues or is this a Field of Dreams project: we will build it and they will come! As Peter suggested, do we know that we're solving the right problem? Could we prototype or do a test run instead of going all in? Beware of Planning as PR, where comfort is taken because a plan exists, regardless of how close the plan aligns with reality. Remember: reality always wins! Third, remember Peter's recurring phrase that we need to "fail quickly to learn fast." Man, those words are easy to say. Living them in the real world can be more challenging. Author Bob Sutton suggests you can tell a lot about a leader by how they react when things go wrong. How do you react? Are we tempted to start pointing fingers or coming up with excuses? Is there more effort in finding the "fall guy" instead of the way to avoid the problem in the future? You and I need to be willing to be imperfect, something that is evidently clear to me now, but when I was a budding leader in my late twenties and early thirties was a foreign concept. I thought I had to be bullet proof—no chinks in the armor. Life has a way of making it clear that we are not perfect, and demanding near perfection of yourself, or your team, or in your plan is a fool's game. Peter recommended that you be willing to put yourself out there--take a small risk. You and I will likely have far more regrets at the end of our life and career about the risks we didn't take than those we did. Be willing to try and then learn from it. Stretch yourself. What is something that you've been holding back on because of concern that you won't be successful? Why not give it a try? Finally, strive to develop what Peter referred to as the Growth Mindset. It's easy to fall into the Fixed Mindset. The book does a great job of laying out the difference and I've heard enough about this concept that I'm going to pursue the author who did the research behind it. The Growth Mindset fuels us to keep learning, including learning from mistakes. It assumes that we will make those mistakes but can stretch ourselves to grow from them. I know too many people that, as they age, the fall into the rut of living off of what they already know instead of stretching to learn the new. And remember Peter's comments about how to develop a growth mindset in the people around you: praise effort, not just achievements. Instead of "good job" or "you're so smart", make sure to praise those around you with specifics about their efforts, which as "You put a lot of work into this report and it paid off! Great job!" I'm working on implementing this at work, with coaching clients, and at home. Are you looking for a good book to stretch your mind and help you lead and deliver? I wholeheartedly recommend Peter Sims' book Little Bets. I couldn't put it down and trust you'll find the same hunger for what he's serving up. Hey, the People and Projects Podcast is now on Facebook! I invite you to Like us at http://www.facebook.com/pages/People-and-Projects-Podcast/224005747630357. One last thing.... It's only July and our next Leadership Fast Track isn't until next year. However, budget talks fire up in the coming weeks for many companies and I would love to have you in next year's program. We are having some extremely engaging discussions in this year's program, helping us all get better at leading and delivering. I'd love to have you in next year's program. Send me any questions that you have about next year's Leadership Fast Track Program. Well, thank you for being a premium subscriber to The People and Projects Podcast! Please let me know what questions you have and if there's anything I can do to help you lead and deliver. Thank you for joining me for this premium episode of The People and Projects Podcast! Have a great week! Total Duration 6:47 Download the premium episode
Total Duration 25:33 Download episode 56 One of the great challenges of business is how to go from idea to delivery. It's easy to talk about ideas but turning those into a finished product requires much more than talk. It can be daunting to deliver. There's the risk of failure. There's the fear of unknowns--of surprises that can create obstacles to success. Going from idea to delivery is truly challenging! Ultimately project management is about how to deliver results but leaders of projects and teams need more than just work breakdown structures and Gantt charts. One of my favorite books of this year provides great insights for all of us who seek to lead and deliver. I recently had the real privilege of spending some time with Peter Sims, author of a great new book entitled Little Bets: How Breakthrough Ideas Emerge from Small Discoveries, and look forward to sharing that discussion with you in this episode. You can learn more about Peter by visiting http://petersims.com. Thank you for joining me for this episode of The People and Projects Podcast! Have a great week!
Our analysts step back from the week's news and share some timeless investing truths. Author Peter Sims offers some big insights from his book, Little Bets: How Breakthrough Ideas Emerge from Small Discoveries. Christopher Chabris talks invisible gorillas, intuition, and investing. And Dan Ariely talks about predictable irrationality.