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Hi, everyone. Welcome to the Daily Dose podcast. This is the podcast where we pick out things from the news and social media that’s interesting to us as entrepreneurs and as business nerds. I’m James and I’m joined by my co-host, Marcello. Hi, James. So I found a couple of tweets on Twitter that were on the more motivational side of the spectrum. And obviously, one thing, when you’re working for yourself or when you’re starting a business, are you doing anything entrepreneurial you tend to need? You need a personality type where you’ve got more sort of personal motivation, more get up and go. You need to be able to self might have a lot more than you do sometimes in other forms of work when you’ve got a pointy headed boss who’s shouting at you and telling you to do things. So it’s quite important to try and spend a bit of time thinking about in your own head, like where your own thought processes come from, where your own motivation comes from and things like that. And try and find people and examples of business people and model yourself after how they operate and how they think about things that can be really helpful. You know, fake it till you make it. So these ones caught my eye in particular. The first one was a guy called Julian Shapiro, and he tweeted out and he said, The most accomplished people I know share three traits. Number one, a bias towards taking action, no lazy deferring. Number two, always looking for new resources to leverage. And number three, regularly reassessing priorities without fear of changing them. The key is they perfectly balance work with indulging curiosity. I felt it summed up some sort of three really key angles that you need to have mentally when doing these. When when sort of operating as a self operate starting small business as being an entrepreneur. What did you think myself when you saw this one?

Yes. So I agree with what you said. Give me to be driven for sure as entrepreneurs and long term as well. So I would say you shouldn’t be all always looking for inspiration. It should. It should. You should focus on what you want to achieve, and that’s on the bias to take action. So it’s really important that southern US entrepreneur and it could be a very lonely journey as well for prolonged periods of time. So. So that’s fine. So you should be cool if you’re feeling that it’s overwhelming at some times or you are a bit lost. That’s fine as well. So every entrepreneur is lost many times or most of the time and sometimes. So it should be comfortable with that. So software, you understand that you’re comfortable there. The fact of taking action or being biased to take action. So within these cows that is going on or uncertainty as well, that is almost always going on, on what to do next, or is this the right thing to do? It. So and it could be for an apprenticeship or in life in general.

So it’s better you shouldn’t be paralysed because of that ease. Better to take action and then learn from that. So. So then you should measure, of course, which actions you are taking. And if you fail is fine because you learnt so. So you should be just. You should have a huge appetite to learn and discover things because that’s kind of your competitive advantage as well. So you will learn things that others don’t and then you can do things with more information as well. So of course, failing is fine. So you should be comfortable with that. But you want to find the less possible. So it’s better to learn from someone else’s mistakes than from your own. But it will be less painful and less costly for sure. So, yeah, certainly you should keep curiosity to do to learn stuff and should take action. So you accelerate the feedback loop process that gives you more information and eventually more confidence as well. And you will start seeing results to come through. Yeah, for sure.

Yeah. So when when I read this, you know, I struggle with some of these things definitely and I actively have to work on reminding myself a lot these things, as you said, it’s so easy to get lost in the weeds. You know, when when everything’s on fire around you and problems are cropping up on all kinds of stuff, it can be very hard to sort of take yourself out of that and have an objective, objective view on stuff. I think I think he’s picked three really interesting angles on these on this particular topic.

I would.

I sometimes find it useful to re restate what someone’s saying in a different way, is it trying to get to these sort of underlying meaning what it is that someone saying? So when so taking each in turn, number one, biased towards taking action, no lazy deferring. I think this speaks to like procrastination and procrastination often comes from like fear of consequences. But I think one way of overcoming procrastination and making sure that you’re continuously taking action and moving forward momentum as much as anything right. Is to realise that most decisions you take are reversible. So if a decision is relatively easily reversible, there’s very little downside by taking a decision and just heading off in that direction until you receive information to the country, in which case you could backtrack and do whatever. And even even in the worst case scenario, the worst case scenario is that you’ve wasted that time. Once you’ve taken that decision or moved on, it allows you mentally to release yourself and move on to the next decision and move on to the next decision and so on and so on. And and very few decisions are actually irreversible. You know, they tend to be the class of dropping loads and loads of money on this thing over here or, you know, I’m going to amputate an arm so that I can run faster. You know, you can’t reverse that. But most other decisions you can like hiring someone, choosing a marketing channel. Do you know all of those things that are reversible with relatively little downside? So that’s that’s how I look at. No decisions are reversible. So you should be taking them. And don’t worry about the consequences so much. Number two, always looking for new resources, leverage. This is the way I’d restate this is oftentimes you can get blinkered like the horses into terms of like following a path. And because you’re so focussed and concentrated on that path, you don’t stop to take stock of where you are and what resources you got available to you and how you might be able to do things differently. And so I think this is you know, you can look at this from the perspective of a kind of a. Make sure that if you’re deep of the waves, that you take some time to come up and take a breath and actually look at the bigger picture every now and again and go back and be very deliberate about that practise. Because it could be so easy to get into the waves. Recognise when you’re in the waves and, you know, set yourself a calendar or an alarm or something. Make a routine to actually sort of come up and look at the bigger picture and look look around, say what? Okay, what else is out there that I could bring to bear on this that I hadn’t thought about? What are other people doing? What you said about learning and seeing how other people are doing things. And for number three, the way I’d restate that, so he’s regular reassess priorities without fear of changing them. I think that’s related to the decision making thing, which is okay. Originally when we started doing this thing, we took this decision in a certain context. The world was a certain way. We had a certain amount of money. Was, you know, customers were doing certain things. But stuff changes. Right. And so you need to make sure that the decision or makes sense in the new context of where you are. Has anything changed about the world or about the way you do business between when you took the decision to now and you shouldn’t cling onto is sunk cost fallacy, right. It’s like you should make your decision in the context in which they currently present themselves and not how it was. Okay. You may have dropped a load of money on this thing over here, but that’s no reason to continue down that path or continue dropping money on it. If the context no longer makes any sense. Yes. So that’s how I would. That’s how I find it useful when you read this kind of advice and information, it’s like, how would you restate these things to yourself to make sense to you? Do you understand the underlying thing that they’re trying to get a.

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