Steven Bartlett: Four Pillars of Success To Make Millions
Sep 12, 2023
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Meet Steven Bartlett, the dragon from Dragons Den and host of The Diary of a CEO podcast. He shares his journey to success and the four pillars of professional career. Discover how to overcome obstacles, the impact of limitations, and the importance of open-mindedness. Explore topics like cultural differences in trust, intrinsic motivation, and the power of self-belief. Gain insights into investing, starting businesses, and handling rejection. Tune in for valuable advice from this marketing genius!
Taking the slow path to success is important for sustainability and long-term wealth.
Continuously making small gains and conducting experiments leads to progress and growth.
Challenging existing beliefs through seeking new evidence fosters trust in oneself.
Building trust in relationships and teams is crucial for motivation and agility in large companies.
Deep dives
The Power of Slow Progress and Avoiding the Fast Path to Success
Stephen Bartlett shares his journey from being bankrupt as a child to becoming a millionaire at a young age. He emphasizes the importance of taking the slow path to success, as the fast way often leads to unsustainability. He warns against chasing quick riches through trends like NFTs and cryptocurrencies, advocating for a focus on long-term, sustainable paths to wealth.
The Importance of Forward Motion and Challenging Goals
Stephen discusses the significance of having a sense of forward motion and working towards challenging goals. He explains that progress and growth are essential for satisfaction and fulfillment. He emphasizes the importance of continuously finding ways to make 1% gains and conducting experiments to discover what works, highlighting the benefits of a high experimentation rate.
Choosing Beliefs Through Counteracting Evidence
Stephen delves into beliefs and how they are formed based on subjective interpretations of evidence. He explains that beliefs cannot be chosen but can be influenced by counteracting evidence. He discusses the importance of seeking out new evidence and experiences to challenge existing beliefs and build trust in oneself.
The Role of Trust in Building Successful Relationships and Teams
Stephen explores the concept of trust and how it is earned through providing evidence. He highlights the importance of building trust in relationships and teams, and how it can be a powerful motivator. He discusses the need for alignment between instructions and incentives, rewarding failure as a pathway to growth, and creating systems that foster trust and agility in large companies.
The Power of Beliefs and the Importance of Evidence
Beliefs are often resistant to change, and it ultimately depends on the evidence one currently has and its source. Neuroscientist Tali Shara emphasizes the significance of evidence and how it can shape beliefs. Disagreement can shut down the brain's ability to process information effectively, leading to unproductive conversations or arguments. To make progress in discussions and relationships, it is crucial to make others feel heard and understood, fostering a sense of collaboration in solving problems.
Contempt as a Relationship Killer
Researcher John Gottman's study on divorce reveals that contempt, rather than arguments or other factors, leads to the deterioration of relationships. Contempt can manifest through subtle expressions like eye-rolling or condescending remarks. Failing to communicate and resolve conflicts can accumulate frustration, gradually eroding the relationship. Effective communication, which involves making someone feel heard and understood, is key to building stronger relationships and finding resolutions to disagreements.
The Power of Useless Absurdity
In building successful brands and experiences, embracing useless absurdity can have remarkable effects. Focusing on the most absurd or unconventional aspect of a product or service can define the entire experience and generate significant marketing buzz. Embracing the power of the unusual and absurd can attract attention, create a strong brand identity, and generate word-of-mouth marketing. Investing in experiences that are uniquely memorable and unexpected rather than practical and conventional can yield long-term success.
#49 Meet the dragon from Dragons Den and host of The Diary of a CEO podcast: Steven Bartlett. In this episode, Steven will take us through his road to success and what he did to become a millionaire. You will learn the four most important buckets to fill in your professional career, how your worst enemy is your own limitations and how to overcome obstacles. Tune in and start your professional success journey now!
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