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#the5
Outliers + The Dip = 10K of experience gives you the experience and perseverance to know what's actually going on, and hopefully some insight into whether or not you can get through tough times towards success, or whether it's time to cash in your chips and try something new.
Tipping Point + Buying In + Predictably Irrational= You can make a guess at what people will or will not buy, product or service, by whether it fits a need, but success overall requires the ability to sustain a business through the rough patches to the Tipping Point, after which general popularity, fads, and the business model become self-sustaining. People won't always act perfectly rational and make the best decision, so if you can make your best case of why you have a better product or service and why you fill a need, you have a better than average shot at success.
We like to think in sound bites, but I think we all know these possible pearls are not yet a necklace. And even the outliers, like General Motors, can be vulnerable to opponents that know the game as well or better, and are willing to take chances, experiment, and make mistakes the well established companies may not. Even Outliers are outlived and replaced by new outliers. I think we have to focus less on the being lucky part, and more on building a strong foundation with tools on hand to leverage the assets we do have and make the most of it.
It works for me, every day.
So number one priority is finding yourself...and even though it is a lifelong process..there is a point of inner strength that you just know won't fail you. At that point then, finding the team with the same mindset is what I find the most difficult.