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Going 10X, or setting impossible goals, can lead to transformative growth and opportunities. It requires flexibility, focus, and a commitment to excellence.
Psychological flexibility, which involves being open to new possibilities and letting go of old habits, is key to embracing a 10X mindset and achieving significant personal and professional growth.
Going 10X requires deep work and focusing on a few important tasks rather than spreading oneself too thin. By going deep and achieving mastery in key areas, one can create profound impact and drive innovation.
Attention, not time, is our most valuable asset. The ability to focus deeply without distractions enables us to perform at our best and produce high-quality work. Filtering out unnecessary tasks and placing our attention on the most impactful activities is crucial for 10X success.
Setting impossible goals and pursuing them is a powerful strategy for personal and professional growth. By envisioning and committing to an impossible goal, individuals can filter their actions and focus on what truly matters. The 80/20 principle, which suggests that 20% of actions lead to 80% of results, highlights the importance of prioritizing the few activities that have a significant impact. This requires letting go of the 80% of tasks that don't contribute to the goal and may even hold individuals back. By pursuing impossible goals and focusing on the 20% of high-impact actions, individuals can achieve exponential growth and create unique value for themselves and others.
Wasting time often occurs when individuals continue to invest in tasks or activities that don't align with their goals. Sunk cost bias, the endowment effect, and the consistency principle contribute to this tendency. Sunk cost bias leads individuals to hold on to activities they've invested in, even when they no longer bring value. The endowment effect causes people to overvalue their own possessions and ideas. The consistency principle drives individuals to continue actions that align with their past behavior, even if they no longer serve their future goals. Overcoming these biases and letting go of the 80% requires a commitment to creating value and a focus on priorities. It involves assessing tasks and activities based on their contribution to the impossible goal and being willing to make tough decisions and investments in high-impact areas.
Embracing abundance involves recognizing the difference between wealth and money. Wealth is created through the value individuals generate, while money is a scarce resource. By focusing on developing unique abilities, individuals can create wealth and harness the power of abundance. Unique abilities are the skills and strengths that make individuals irreplaceable and enable them to provide exceptional value. Embracing abundance means shifting the mindset from competition to creation and recognizing that there is no competition when individuals tap into their unique abilities and create unlimited value. It involves pursuing impossible goals, investing in what truly matters, and aligning actions with the future self. Embracing abundance leads to personal fulfillment and the creation of extraordinary value.
During the Holocaust, Austrian psychiatrist Viktor Frankl was sent to a concentration camp. He survived by focusing on his one goal: to return home to his family. Frankl saw that once people lost hope for their future, they ultimately lost their life. Dr. Benjamin Hardy has applied Frankl’s research to his own life as an organizational psychologist. In this episode, Ben returns to YAP to discuss his latest book and how elite entrepreneurs can achieve more by doing less.
Dr. Benjamin Hardy is an organizational psychologist and the world’s leading expert on the psychology of entrepreneurial leadership and exponential growth. He was once the most popular blogger on the platform Medium.com and his blogs have been read by over 100 million people.
In this episode, Hala and Benjamin will discuss:
- Letting go of the narratives of the past
- How to go from a 2x mindset to a 10x one
- Getting beyond the 10,000-hour rule
- Why deliberate practice is better than habit
- How to 10x your life and career
- The importance of psychological flexibility
- Why 80% of what you do is yielding almost nothing
- Four ways that entrepreneurs waste too much time
- How to achieve more by doing less
- The value of creating impossible goals
- And other topics…
Dr. Benjamin Hardy is an organizational psychologist and is the world’s leading expert on the psychology of entrepreneurial leadership and exponential growth. His PhD research focused on entrepreneurial courage and transformational leadership. Before completing his PhD, his blogs were read by over 100 million people. Benjamin published his first major book Willpower Doesn’t Work while running a 7-figure online training business. Dr. Hardy has published additional books, including three co-authored with the legendary entrepreneurial coach, Dan Sullivan. His books have sold hundreds of thousands of copies and he is a sought-after teacher and speaker at corporate and entrepreneurial events as well as Fortune 500 companies. His newest book, with Dan Sullivan, is 10x Is Easier Than 2x: How World-Class Entrepreneurs Achieve More by Doing Less.
Resources Mentioned:
Benjamin’s Books: https://www.amazon.com/stores/Benjamin-P.-Hardy/author/B00P6MYJUO
Benjamin’s Website: https://benjaminhardy.com/
Benjamin’s LinkedIn: https://www.linkedin.com/in/benjaminhardy88/
Benjamin’s Future Self Cheat Sheet: https://futureself.com/
Benjamin’s latest book, with Dan Sullivan, 10x Is Easier Than 2x: How World-Class Entrepreneurs Achieve More by Doing Less: https://www.amazon.com/10x-Easier-Than-World-Class-Entrepreneurs/dp/140196995X/
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