ProfitSchool

Learning More vs Doing More

May 7, 2024

Mercer, a business growth advocate, and Jeff discuss the balance between learning and doing in business, emphasizing the need to apply new skills. They highlight the benefits of continuous improvement, setting clear goals, and encouraging proactive behavior among team members. The conversation also explores overcoming fears, transitioning from learning to action, and mastering essential skills for business growth.

32:12

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Episode guests

Mercer

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Balancing learning and doing is key for business growth, quarterly priorities aid in skill application.

Continuously applying knowledge enhances skills, shifting focus from being 'right' to 'less wrong' fosters improvement.

Deep dives

Learning versus Doing: Finding the Balance

Achieving success in business involves finding a balance between learning and taking action. Understanding when to be in 'learn mode' and when to be in 'action mode' is essential to avoid becoming unproductive. Continuous learning without practical application can lead to stagnation as simply doing more is not always the solution. By incorporating a balance of learning and doing into career and business activities, individuals can consistently progress and avoid being held back by extremes.

Introduction

3min

Balancing Learning and Doing for Growth

17min

Implementing Feedback for Team Growth

6min

Exploration of Fear in Decision-Making and Growth

5min

Transitioning from Learning to Action

2min

Topics Covered In This Episode

Foundation of Growth: Mercer and Jeff delve into the crucial balance between learning and doing in business, both agree it is necessary to apply newly acquired skills. They advocate for setting quarterly priorities for both learning and implementation to foster business growth and maintain a competitive edge.
Continuous Improvement: Mercer highlights a transformative approach to business learning—shifting from a focus on being right to prioritizing being "less wrong." He discusses the benefits of revisiting and applying knowledge continuously to enhance skills and insights, underscoring the importance of action and feedback in the learning process.
Entrepreneurial Learning Curve: Mercer and Jeff explore the concept of gradual progress and leveling up in business. They stress the importance of having robust internal systems and processes to handle the dynamic nature of entrepreneurship and to reach significant inflection points in business development.
Team Management Challenges: The duo reflects on challenges with team members who learn but fail to take action, sharing strategies for encouraging ownership and proactive behavior. They discuss setting clear goals, providing constructive feedback, and the delicate balance between personal and company objectives.
Mastering Essential Skills: The discussion touches on common pitfalls in business growth, such as neglecting essential areas like paid traffic due to a lack of action or fear of failure. They emphasize the need to confront these fears and engage in areas outside of one’s comfort zone to maximize growth opportunities.
Overcoming Personal Barriers: The podcast concludes with personal stories from Jeff and Mercer on overcoming fear and embracing uncertainty. They encourage listeners to challenge their limitations and take decisive steps toward business success.

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ProfitSchool

Learning More vs Doing More

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Learning versus Doing: Finding the Balance

Implementing New Knowledge: Moving Beyond Constant Learning

Strategic Learning Cadence: Leveraging Continuous Improvement

Overcoming Fear and Embracing Action: Key to Growth

Remember Everything You Learn from Podcasts