You Have To Make Bets
Summary
- Making decisions with complete information is not possible because by then the opportunity is usually gone.
- Beginners often think they need to know everything before starting, but this is a mistaken belief.
- It's important to accept the discomfort that comes with uncertainty.
- You need to get comfortable making decisions or "bets" even when you don't have all the information.
Video
How To Take Action
A good way of making progress is to embrace the fact that all decisions won't come with complete information. Start by accepting the discomfort of uncertainty. Recognize that waiting for all the facts often means missing out on great opportunities. So, rather than letting fear hold you back, learn to act on the best information you have at the moment.
I would suggest implementing small, low-risk experiments in your business or personal growth journey to test ideas quickly and learn from them. These "bets" are your opportunities to grow without the need for exhaustive analysis. For instance, if you're launching a new product, start with a small test market instead of a full launch. This way, you can gather real-world feedback without risking everything.
Also, practice decision-making by setting short deadlines for yourself. This reduces the time spent overthinking and encourages decisive action. Reflect on past decisions to understand what worked and what didn’t. This will help you make better bets in the future.
Getting comfortable with the unknown is a muscle you build over time. The more decisions you make without perfect information, the more you're likely to trust your instincts and improve your judgment. Remember, action leads to experience, and experience leads to success.
