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Exponential Entrepreneurs

The 97  ›  Mindset

Bonus Strategy D: Advanced Performance Mindsets and Paradigms

The point

Growth mindset, agility, continuous learning, long-term vision, curiosity, calculated risks, data-driven decisions, openness to disruption: each additional mindset you adopt and make the standard in your business will multiply the benefit of all the others.

Jay Abraham · Redondo Beach 2023 — Day 1, Opening Session: The Three Ways Cued to 2:25:16 3 min 47 sec loading…

Why it matters

You already have the strategies. What you have not looked at is the setting on the person running them, and that is why the same play hands one owner a multiple and another owner a shrug. Eight of them. A growth mindset. Agility. Continuous learning. A long-term vision. Curiosity and an open mind. A tolerance for calculated risk. Decisions taken on data. An openness to being disrupted, including by yourself. They multiply, which is why I teach them in one breath rather than one at a time. Agility without a long-term vision is thrashing — you change direction every quarter and arrive nowhere. A long-term vision without agility is a plan you defend eighteen months past its expiry. Data without an openness to disruption buys you an immaculate monthly report on a business that is quietly ending. Hold two properly and you do not get twice the result. You get the product, which is where 10×10×10 comes from. A mindset you cannot point at is a preference. Lars Kolind did not ask his engineers to be more innovative — he deleted every department, title and desk at Oticon, halved the time it took to launch a product, and took revenue from about $80 million to $160 million. Andrew Barnes did not argue for a four-day week; he ran it as a named hypothesis with two universities scoring it, and made it policy only when the numbers came back. Point at yours, all eight, and count the blanks.

The mistake almost everyone makes

Treating the eight as character, things you either are or are not, and then agreeing with every one of them. Nobody reads this list and objects. Everybody nods at curiosity and agility, and nothing in the business changes on Monday.

The test: Name the one of the eight you claim most confidently, then name the thing that carries it — a meeting, a rule, a number. If nothing comes, it is a preference.

Where it shows up — 8 worked examples

WhoWhat happened
Supercell (Ilkka Paananen, Helsinki)Kills nine games for every one it ships, and opens champagne for what each dead one taught, so killing costs nobody their standing.
Narayana Health (Dr Devi Shetty, Bengaluru)Texts its senior doctors yesterday's revenue and profit at noon, and does bypass surgery for about $1,500 against $144,000 in the United States.
Great Ormond Street Hospital, LondonCardiac surgeons studied Ferrari's pit crew, rebuilt the handover into intensive care, and cut technical errors per handover from 5.42 to 3.15.
Hosoo, KyotoA weaving house founded in 1688 spent a year rebuilding its 32-centimetre loom to 150, and now supplies textiles to about 100 Dior stores.
Poppy's Funerals, London (Poppy Mardall)Hires nobody from the funeral trade, treating inexperience as the qualification, and charges £4,133 against a London average of £5,385.
Hoshino Resorts (Yoshiharu Hoshino, Japan)Modelled an 18-month collapse against the Spanish flu, then invented microtourism, taking local guests at HOSHINOYA Kyoto from under 10% to nearly 40%.
Zoho Schools of Learning, Tamil NaduTrains eighteen-year-olds who never went to university, keeps them, and now employs 2,000 of its own graduates, over 10% of the workforce.
Gjenge Makers, Nairobi (Nzambi Matee)Quit her job to test plastic mixes, then built the press herself when no machine existed to make what she had invented.

What it solves

The words a business owner uses for this before anybody has told them the name of it. If one of these is a sentence you have said out loud, this is your strategy.

  • Folder full good strategies“I have a folder full of good strategies, and the ones I actually ran did not do for us what they did for everybody else.”The setting on the person running the strategy, which is what decides its return, and the reason the same play pays one owner and not another.
  • Agree room then monday“We agree with all of this in the room, and then Monday looks exactly like last Monday.”The test that turns a mindset into something you can point at, a meeting or a rule or a number, so agreement stops being the finish line.
  • Change direction every quarter“We change direction every quarter and I could not honestly tell you what we are building.”The pairing that stops agility from becoming thrashing, a long-term frame the quarterly changes serve, so the movement adds up instead of cancelling itself out.
  • Reporting excellent everybody compliments“Our reporting is excellent, everybody compliments it, and it has never once changed a decision.”The cadence question underneath decisions on data, how fast a number reaches somebody who can still act on it, which is what separates a dashboard from a decision.
  • Everyone here came industry“Everyone here came up in this industry, so every idea in the room is the same idea wearing a different hat.”Where to find a method your competitors cannot copy from each other, an industry unlike yours that solved your problem decades ago, and how to hire for it.
  • Write good plans clients“I write good plans, my clients agree with every page, and the ones who grow are not the ones with the best plan.”A layer underneath the plan you can work on together, the eight settings on the owner running it, and the test that shows which ones they only claim.

The challenge

Name what carries each of the eight, then build one.

Write the eight down the left of one page: growth mindset, agility, continuous learning, long-term vision, curiosity, tolerance for calculated risk, decisions on data, openness to disruption. Beside each, name the thing in your business that carries it — the standing meeting, the hiring rule, the report and how often it arrives, the machine somebody built. Leave the blanks blank; they are the answer. Then take the one you claim hardest and hold least, and build its thing in the next seven days. A text at noon is small enough.

How you will know it is done One page, eight rows, each carrying a named thing or a blank, and one blank filled by something your pod can watch running.

The AI layer · second pass

Once this is working, here is what to multiply

Improve the system first. Then multiply it. This panel is the second run at the strategy above, and it is deliberately useless until the first run is done.

Before you point anything at this You have named what carries each of the eight mindsets in your business, and counted the blanks.
What it multiplies Scoring the carriers you named against what actually happened — whether the meeting held, the report arrived, the hypothesis got scored — and ranking the blanks by what each costs the other seven.
The trap Letting the machine carry the mindset for you. A carrier only works while it costs you — the meeting you cannot skip, the hiring rule that makes you refuse someone you liked, the answer you agreed in advance to accept. Take that cost out and it reports monthly and carries nothing.