We Have A Meeting
We Interview Millionaires - Here’s what we learnt
Nov 28, 2024
This discussion features insights from millionaires about the power of low-stakes idea testing and how rejection builds resilience. The hosts highlight the importance of gentle indifference and consistency in both personal branding and professional relationships. They reflect on how small, consistent actions lead to significant achievements, while also exploring the role of dopamine in pleasure and growth. Additionally, they emphasize the need to understand personal strengths and the enhancing role of AI in improving sales skills.
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Quick takeaways
- Experimenting in a low-stakes environment allows entrepreneurs to gauge market interest while minimizing costs and risks.
- Consistent small actions, like posting on LinkedIn, can lead to substantial growth and a supportive network through the compound effect.
Deep dives
Embracing Low Stakes Failure for Innovation
Experimenting in a low stakes environment can provide valuable insights without significant risks. By creating a simple landing page for a new sales consultancy, the hosts tested market interest without a costly launch. This approach allowed them to gather data and gauge demand while spending minimal resources, demonstrating that small investments can lead to greater understanding. The concept encourages salespeople to engage in low-risk scenarios, such as asking for discounts or joining group activities, to build resilience against rejection.
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