Moment 196: This Is The One Skill That Will Guarantee Your Success! (Even Against Smarter, Better & Richer People): Codie Sanchez
Jan 17, 2025
auto_awesome
Codie Sanchez, a small business expert, shares her insights on the essential traits for success: speed and self-belief. She emphasizes that having a ‘reality distortion field’ can empower anyone to achieve the impossible. Codie urges listeners to adopt a bias toward action; swift decision-making helps one learn and adapt quickly, often outpacing the competition. She also discusses lucrative business ventures with limited capital and the advantages of seller financing in small business transactions, highlighting how creativity can lead to success.
Believing in oneself and fostering a strong internal conviction can empower individuals to achieve remarkable outcomes against perceived limitations.
Adopting a bias towards action and making swift decisions is essential for success, enabling quicker learning and adaptation in competitive environments.
Deep dives
The Power of Optimism and Action
A key point discussed is the belief in one's ability to shape the world, reflecting a deep-rooted optimism. Many individuals lack this internal conviction, leading them to feel confined by the limits of their circumstances. This mindset can be transformative, as those who possess it often achieve remarkable outcomes by simply taking the initiative and reaching out to others for support. Learning from those who have successfully bent the world around them can inspire individuals to emulate that confidence in their own pursuits.
Reality Distortion Field and Speed
Steve Jobs’ 'reality distortion field' exemplifies how strong belief and urgent action can inspire teams to accomplish what initially seems impossible. This ability to challenge perceived limitations enables exceptional results, as illustrated by Jobs' insistence on tighter deadlines, leading teams to exceed expectations. Speed in decision-making and execution is highlighted as a crucial factor for success, demonstrated by the approach of successful individuals like Bill Perkins, who credits his achievements to acting swiftly rather than overthinking. This principle underscores that taking prompt action can significantly accelerate progress compared to conventional timelines.
Identifying Your Unfair Advantage
The concept of an 'unfair advantage' is vital for aspiring entrepreneurs, suggesting that personal strengths, relationships, and passions can guide them in establishing a successful business. By assessing their skills, networks, and interests, individuals can determine their best paths without needing substantial financial investments upfront. Examples from young entrepreneurs show that partnerships and creative financing strategies, such as seller financing, can enable individuals to take ownership of businesses even with limited capital. This encourages a proactive mindset where leveraging existing resources and collaboration can lead to wealth creation and entrepreneurial success.
In this moment, small business expert, Codie Sanchez discusses how speed and self belief are the core traits for success.
Some of the most successful people in the world have what has been labelled a ‘reality distortion field’. This is a personal energy that makes the people are you believe that they can achieve impossible tasks. Codie says that we actually all have this ability, and can make ourselves belief we are capable of achieving anything, and as a result we are more likely to achieve what we set set our minds to.
Secondly, people need to adopt a bias towards action and decrease the time between thinking and doing. Codie says that time is the most important currency of our lives and too often we waste it by not having a sense of urgency. By taking action quickly, you can learn and adapt on the path to success before others have even started.