About this episode
Show Notes: [0:00:57] Intro | Timely Topics Radio voices are a go. Wear sunscreen! A brief recap of the previous episode. [00:03:00] Leaving Behind Analysis Paralysis Punished by choice, leaving uncertainty to chance, and overconfidence All of them exhibit a lack of knowledge/experience/data. Gaining information when under the thumb of uncertainty. Iterative action/s through uncertainty. Understanding pieces at a time. "Put one foot in front of the other...and soon..." You can't overestimate the value of action. The scientific method is your friend! You make observations and you ask questions. That's the start. "What does this uncertainty/opportunity afford to us as a company?" "Then what?" *what's next?* "So what?" *measuring worth & magnitude* [00:12:20] Important Aspects of Moving from Uncertainty to Action "Where is the opportunity in the uncertainty?" Using the trend of distributed work culture as an example. Forming a testable explanation to get you to the next stage. "What are the limiters to growth?" "What are the things that good organizations do continually?" Financial capability can undoubtedly fuel growth, but ultimately people (and their experience/talent) are the finite resource that limits growth. You HAVE to make a prediction. You want to come out of your experiment with more knowledge than you had going into the hypothesis. Informing the prediction. Expected outcomes vs the reality. Control your variables...as best as you can. An example using seasonal discounts/sales. Isolate individual actions. Results HAVE to be repeatable. Because you will have to repeat your results, likely sooner than later. Moving from one experiment to another too quickly is dangerous. One at a time is best if possible. Iterate, and repeat the processes. Insert new variables, new predictions. Patience is so very important. We often give up on things too quickly. Stop it. [00:24:50] Wrapping Up with Parting Words & Takeaways Things to keep in mind: A failed experiment: a hypothesis PROVEN WRONG is a SUCCESS as long as you learned a lesson! Everything moves you toward success. To quote Adam Savage of Mythbusters, "Failure is always an option." The truth is that failure doesn't have
