The Tai Lopez Show
#706 - What "The Last of Us" Teaches About Business: Adapt or Die
Apr 22, 2025
08:57
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Quick takeaways
- Colin Powell's 40-70 rule emphasizes the importance of making decisions with at least 40% confidence to avoid missed opportunities.
- Rapid adaptation to change is essential for success, both in business strategies and personal ambitions, to prevent stagnation and regret.
Deep dives
The 40-70 Rule for Quick Decision Making
Colin Powell's 40-70 rule is highlighted as a crucial guideline for rapid decision-making in business and life. This rule suggests that if you're more than 40% confident in a decision, you should proceed immediately; waiting until you're 70% sure may result in missed opportunities. The discussion emphasizes the need for speed, using examples like the evolution of Instagram from a contact-management app to a successful photo-sharing platform based on early observations of user behavior. This principle applies broadly, illustrating how taking action with reasonable confidence can yield significant rewards, while excessive delay can lead to stagnation and failure.
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