Power Law: Ben & Myron Golden (Call tomorrow at Noon Eastern)
Video link of Ben & Myron this week. ๐
๐๐ฌ๐ญ ๐๐ฐ๐ ๐ญ๐จ ๐ญ๐ก๐ ๐ ๐ก๐จ๐ฎ๐ซ ๐๐ ๐ฆ๐ข๐ง๐ฎ๐ญ๐ ๐ฉ๐จ๐ข๐ง๐ญ in the video and listen to Ben drawing about the Power Law. (It's also his next book). You can watch roughly 15 minutes and will get the idea. We will discuss tomorrow. (talk about anti-fragile). ๐๐๐ฅ๐จ๐ฐ ๐ข๐ฌ ๐ ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐ง๐ญ๐ข๐ซ๐ ๐ฏ๐ข๐๐๐จ. ๐. ๐๐จ๐ฎ๐ซ ๐๐ฎ๐ญ๐ฎ๐ซ๐ ๐ข๐ฌ ๐ฌ๐ก๐๐ฉ๐ข๐ง๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฉ๐ซ๐๐ฌ๐๐ง๐ญ One of the biggest ideas in the discussion is that the future is not just something you hope for. It is a tool. Your goals are already shaping your present decisions, your focus, and what you consider signal versus noise. In other words, the future version of your life is either directing you now, or your past is. ๐. ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ง๐ ๐ฌ๐๐๐ฅ๐ ๐๐ซ๐ ๐ง๐จ๐ญ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ ๐ญ๐ก๐ข๐ง๐ A strong distinction between growth and scale. Growth often looks like doing more. Scale requires becoming more selective, more strategic, and building around a different level of capability. Dr. Hardy and Myron keep coming back to the fact that 10x does not come from adding more effort. It comes from eliminating what no longer fits the goal. ๐. ๐๐๐ฐ ๐ ๐จ๐๐ฅ๐ฌ ๐ซ๐๐ช๐ฎ๐ข๐ซ๐ ๐ ๐ง๐๐ฐ ๐๐ฅ๐จ๐จ๐ซ A major concept from is raising the floor. Once the goal changes, what used to be excellent may no longer be enough for where you are going. That applies to habits, standards, relationships, capabilities, and even the people around you. This is not a moral judgment. It is a relevance judgment tied to the goal. ๐. ๐๐ก๐ ๐๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ญ๐ญ๐ซ๐๐๐ญ๐ฌ ๐๐๐ญ๐ญ๐๐ซ โ๐๐๐โ๐ฌโ Ben reinforces the "Who, Not How" principle. Bigger goals force different decisions and attract different people. When someone begins operating from scale instead of growth, they start bringing in people whose capacity is already closer to the goal. ๐. ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐๐ญ๐ฌ ๐๐ซ๐จ๐๐ One of the more practical business points is that scaling required him to narrow his audience rather than widen it. He says he had to let go of most of his prior audience in order to focus deeply on the small percentage most aligned with the next-level mission. ๐. ๐๐จ๐ฐ๐๐ซ ๐ฅ๐๐ฐ๐ฌ ๐ซ๐๐ฐ๐๐ซ๐ ๐๐ฑ๐ญ๐ซ๐๐ฆ๐ ๐๐จ๐๐ฎ๐ฌ ๐๐ง๐ ๐ฆ๐๐ฌ๐ญ๐๐ซ๐ฒ