How Big Ideas Emerge From Little Bets - Peter Sims - Book Recommendations
815
Published 2016-03-01
IMPORTANT POINTS/SUMMARY on How to Take Risk in Life or in Business
To find big ideas we have to start small and take small steps towards the big vision.
The idea is that we can make many little bets in a creative way and build up to something much bigger. In that same manner, little bets are way to test, discover and develop ideas by focusing on what we can afford to lose rather than making assumptions on how much we can expect to gain. It’s very effective when navigating in a world of uncertainties
The 6 FUNDAMENTALS of Little Bets
- Experiment
- Play
- Immerse
- Define
- Reorient
- Iterate
Learn the GROWTH MINDSET to cope up with emotional impact of failure and critics
- Believe and see new challenge as an opportunity to grow
- Be willing to engage in small failures and see obstacle or setbacks as essential to success.
- Understand that your goal is not to prove that you’re intelligent, but to improve your intelligence.
Take Action to see that you’ve missed; it allows us to see things we didn’t know that we didn’t know.
- Focus on going from “Suck to Un-suck”
- Take small steps
- Learn from our failures
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