It’s altogether too common to hear leaders, whether in companies or governments, try to absolve themselves of the responsibility for something catastrophic by speaking of the lessons that they have learned. Although some humility usually accompanies such admissions, the overall message seems to be that “we didn’t know any better.” Just learning lessons doesn’t solve…

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It should come as no surprise that many would-be entrepreneurs are trying to figure out how to create an innovative business by doing what everyone else is doing already. There’s a good reason for that. It’s because when they look at other businesses, all they see are solutions. Pick any business you like. What you…

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Why is it that some people succeed, while others fail? Is it simply that those who succeed follow the “formula,” while those who fail don’t? Psychologists describe survivorship bias as the tendency to consider only those who survive whatever it is that you’re looking at, as a model for what works, but in the absence of those…

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​​In 1947, economist and Nobel Laureate Herbert Simon published a book entitled Administrative Behavior. In it, he coined a new word: satisficing. Satisficing – a combination of the words “satisfy” and “suffice” – is anything that​​ seems to satisfy your requirements and is also sufficient to the task. It flies in the face of what…

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Take a look at your list of things to do. Is there anything on it that has been carried over from yesterday? How about the day before? Is there anything on your list that has been there for a week? A month? If you postpone something and then forget about it, then the next time…

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​​​​When I taught MBA students, I explained that a theory was nothing more than a possible explanation of the facts. ​​Now these were just the facts that we knew about. ​​They weren’t necessarily the most important ones. In fact, they could easily have been the least significant ones. And t​hey weren’t all of the facts. They could’ve been a…

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A common complaint among solopreneurs, whether online or off, is that they can’t get motivated. They know what’s on their to-do list. It’s seared on their conscious. But for some reason, no matter how determined they tell themselves that they are, they still can’t get started. There’s a reason for this that’s seldom talked about.…

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