Make Money as a Life Coach®
Ep #258: All or Nothing Thinking
Dec 6, 2023
Explore the impact of all or nothing thinking in entrepreneurship. Learn to evaluate success and find a middle ground. Discover how operational issues can affect growth, and the importance of choosing the right actions. Embrace reality and troubleshoot for progress.
31:32
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Quick takeaways
- All or nothing thinking can hinder success and progress, so it's important to embrace a more nuanced approach to avoid confirmation bias.
- Evaluating what's working and acknowledging progress is crucial to counter all or nothing thinking, leading to a clearer perspective and enhanced resourcefulness.
Deep dives
The Dangers of All or Nothing Thinking
All or nothing thinking is a common cognitive bias where individuals view situations in extreme black-and-white terms, without any gray areas. This kind of thinking can be detrimental to success and progress, whether it's in business or personal relationships. It often leads to confirmation bias, where individuals seek evidence to support their biased thinking. In business, all or nothing thinking is often demonstrated by the extreme thoughts of 'it's working' or 'it's not working.' However, embracing a more nuanced approach is crucial to overcoming this cognitive bias and making positive changes.
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