Today’s 60-Second Book Brief: Little Bets by Peter Sims

Peter Sims wrote the book Little Bets to show us how we discover breakthrough ideas through small discoveries.

Here are 6 of the most important lessons we can all learn from the book.

Affordable Losses: Successful entrepreneurs tend to identify what they are willing to lose, rather than calculating what they expect to gain.

Growth Mind-set: A growth mind-set is thinking differently about failures and mistakes, seeing them as opportunities for learning and growth.

Experimental Prototyping: Prototyping is the most effective way to both jump-start our thinking and to guide, inspire, and master innovation.

Smallifying. Constraints shape and focus problems and provide clear challenges to overcome. It also helps you get into action quicker.

Immersion. Immersion is a way to challenge one’s assumptions and gain broader insight.

Plussing and Playing. Creating an atmosphere where ideas are constantly being plussed (never shot down), while maintaining a sense of humour and playfulness, is central to success.

Little bets lead to small wins, and a bunch of small wins strung together leads to breakthrough ideas and discoveries.

Follow this path, and you’ll be on your way to world changing breakthroughs.

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