As leaders we often are faced with the opportunity to start new projects or assist our teams on their objectives. Tackling something new is an opportunity to move your team and your organization forward, an opportunity to stand out and 10x your growth. Today we talk about the 6 steps to making changes successful.
[callout]This episode originally appeared on the Family Before Fortune Podcast which is now the Modern Leadership Podcast. To listen to Modern Leadership click here. To see the Family Before Fortune Podcast archive click here.[/callout]
Episode Summary: Six Steps to Tackling Something New
The six steps to starting something new:
- Start on the right foot
- Make an irreversible commitment
- Gather your resources
- Stretch not redefine
- Mitigate risk
- Follow through to completion
Book on The Shelf
[callout]Great by Choice: Uncertainty, Chaos, and Luck–Why Some Thrive Despite Them All by Jim Collins & Morten T. Hansen [/callout]
[shareable]A bullet is an empirical test aimed at learning what works and that meets three criteria: a bullet must be low cost, low risk, and low distraction. 10Xers use bullets to empirically validate what will actually work. Based on those empirical validation, they then concentrate their resources to fire a cannonball, enabling large returns from concentrated bets[/shareable]
What makes a bullet?
- Low cost
- Low risk
- Low distraction
What makes a cannon ball?
- More cost
- Higher risk
- High impact
Learning From Leaders
[shareable cite=”Sir Claus Moser”]Education costs money but then so does ignorance [/shareable]