Mastering the 20% Reflection

Mastering the 20% Reflection

Episode description

Discover the power of strategic reflection, targeted networking, and simplicity in entrepreneurship to climb the right mountain. Listen for impactful insights.

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0:00

In my many years of building businesses from scratch,

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the most effective habit I carved into my daily routine

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was what I call the 20% reflection.

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Contrary to the flurry of task completion

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and constant hustle,

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I found myself allocating a fifth of my time

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not to doing, but to thinking.

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This was not the popular meditative reflection,

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but a structured strategic review

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of my actions and their outcomes.

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I noticed that my peers were often caught

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in the trap of efficiency without effectiveness.

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They executed tasks swiftly,

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but lost sight of whether those tasks

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were the right ones to pursue.

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The 20% reflection is about stepping back

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to evaluate if you're climbing the right mountain

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before you reach the summit exhausted,

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only to realize it was the wrong peak all along.

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Here's the approach,

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treat your time as an investor treats their capital,

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always seeking the highest return.

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For every hour worked or decision made,

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dedicate 12 minutes to critically assess its impact.

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It's not about questioning yourself into a standstill,

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but ensuring that you aren't blindly following convention.

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Most businesses sprint in circles.

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I chose to walk in a straight,

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albeit unconventional line towards objectives

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I had verified as valuable.

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Another piece of advice I can pass on relates to networking.

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The secret isn't attending every mixer

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within a 50-mile radius.

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It's identifying individuals with expertise

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so central to your goals

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that investing in those relationships

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provides a return no conference could ever yield.

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Think of it as targeted networking.

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Often, this meant forgoing large events

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in favor of deep conversations with just one person

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whose expertise was leagues ahead

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in a domain I needed to understand.

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These relationships often became pivotal

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in navigating the business terrain.

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Lastly, people often confuse complexity

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with sophistication.

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I focused on simplifying, not complicating.

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When presented with a business model,

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a strategy or a product,

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I stripped it down to its essence.

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If it couldn't be explained simply,

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it was often because it wasn't understood well enough.

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This isn't to dismiss complexity but to control it.

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Simplicity is digestible and more importantly, executable.

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In closing, you may find these practices

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opposing the bustling entrepreneur's archetype

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but they've been instrumental in my journey.

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If any of this resonates with you,

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I encourage you to subscribe for more insights

2:30

that stray from the beaten path

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but have weathered the test of intense business realities.

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Share this if you know someone who could benefit

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from a perspective that challenges the norm

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in favor of what's effective.

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