1 00:00:00,260 --> 00:00:04,180 in my experience the most transformative habits for an entrepreneur are not the 2 00:00:04,180 --> 00:00:09,000 ones you typically hear praised at conferences or on success panels. 3 00:00:09,000 --> 00:00:13,980 One such habit is the practice of strategic under achievement. 4 00:00:13,980 --> 00:00:17,160 It sounds counterproductive but hear me out. 5 00:00:17,160 --> 00:00:21,719 The world romanticizing overperformers but they often miss opportunity because 6 00:00:21,719 --> 00:00:24,959 they are too tunnel visioned on their current tasks. 7 00:00:24,959 --> 00:00:28,840 Strategic under achievement involves intentionally deciding what you will be 8 00:00:28,980 --> 00:00:29,820 bad at. 9 00:00:29,920 --> 00:00:33,400 It's about focusing on areas of competency that truly move the needle for 10 00:00:33,419 --> 00:00:36,720 your business while consciously neglecting areas that don't. 11 00:00:37,520 --> 00:00:41,240 I've walked away from potential profits to keep my mental bandwidth clear for 12 00:00:41,259 --> 00:00:46,180 the bigger plays. Most would balk at such a notion focusing on incremental gains, 13 00:00:46,400 --> 00:00:50,259 but the brain has finite resources allocate them wisely. 14 00:00:51,240 --> 00:00:54,080 Moreover, I'll tell you something seldom discussed. 15 00:00:54,740 --> 00:00:56,680 Social capital can be detrimental. 16 00:00:57,299 --> 00:01:00,560 Networking is touted as the sign Quan of business success, 17 00:01:00,759 --> 00:01:03,279 yet I rarely attended those high profile gatherings. 18 00:01:03,299 --> 00:01:07,360 Everyone scrambles to be seen that I focused instead on one-to-one 19 00:01:07,360 --> 00:01:09,779 relationships, often with people outside, 20 00:01:09,779 --> 00:01:14,320 my immediate industry cross pollination of ideas from different fields can lead 21 00:01:14,320 --> 00:01:18,660 to innovative breakthroughs that simply following industry standards never would. 22 00:01:19,800 --> 00:01:24,279 Now let's tap into systems. The world loves complexity, 23 00:01:24,480 --> 00:01:26,480 but the brilliance is in simplicity. 24 00:01:27,099 --> 00:01:30,599 I've watched many entrepreneurs crash under the weight of intricate systems 25 00:01:30,599 --> 00:01:34,699 they've built. My approach was to keep systems lean and adaptable. 26 00:01:35,599 --> 00:01:37,800 This is not about deficiencies in planning. 27 00:01:38,220 --> 00:01:40,919 It's about leaving space for opportunity and pivot. 28 00:01:41,959 --> 00:01:44,120 Most will advise you to stick to your guns, 29 00:01:44,379 --> 00:01:48,379 but stubbornness can lead to obsolescence. Many will disagree, 30 00:01:48,580 --> 00:01:50,779 but here's the truth about personal development. 31 00:01:51,540 --> 00:01:55,519 Consistency and self-improvement does not require daily increments. 32 00:01:55,940 --> 00:01:59,580 It requires reflection at intervallic junctures with room for substantial 33 00:01:59,580 --> 00:02:00,419 change. 34 00:02:00,660 --> 00:02:04,839 I've had months where I'm consuming knowledge voraciously and others where I'm 35 00:02:04,839 --> 00:02:08,539 simply marinating in what I've learned. Letting insights emerge. 36 00:02:09,339 --> 00:02:11,539 Progress is rhythmic, not linear, 37 00:02:12,339 --> 00:02:15,899 many up and coming entrepreneurs make the mistake of relentless pursuit 38 00:02:16,039 --> 00:02:20,660 without pause forsaking the value of contemplation. Lastly, 39 00:02:20,679 --> 00:02:22,800 let's touch upon decision-making itself. 40 00:02:23,160 --> 00:02:25,279 I often took paths viewed as unpopular. 41 00:02:25,399 --> 00:02:28,500 Our cultural milieu venerates fail fast and move on, 42 00:02:29,220 --> 00:02:31,559 but I propose a different view. Fail thoughtfully, 43 00:02:33,020 --> 00:02:36,619 understand deeply why an endeavor did not yield the desired outcome. 44 00:02:37,539 --> 00:02:41,619 This slow distillation of wisdom is more potent than the rapid abandonment of 45 00:02:41,639 --> 00:02:43,339 efforts at the first sign of failure. 46 00:02:44,520 --> 00:02:46,820 If what I've shared today strikes a chord with you, 47 00:02:47,380 --> 00:02:51,259 consider this as merely a hint of the wisdom that has been pivotal for me. 48 00:02:51,580 --> 00:02:55,580 Reflect upon it and apply these principles with discernment to your own 49 00:02:55,600 --> 00:02:56,800 ventures. 50 00:02:57,979 --> 00:03:00,820 For those seeking the unorthodox path that has guided me, 51 00:03:01,119 --> 00:03:05,600 subscribe to this podcast and share it with your entrepreneurial peers who are 52 00:03:05,600 --> 00:03:09,039 ready to look beyond the common playbook for their next leap forward.