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Running your business

Luck vs. Skill

The roles of luck vs. skill in making the best decisions for your expertise business.

EPISODE NOTES

Why the stories we tell ourselves about our luck vs. skill aren’t always true.

Why most of your business bets will be small-ish stakes (a series of pivots) vs. flinging yourself into the volcano.

The early signs your bet is working—or not—and why we tend to ignore them.

How to make your feedback loops shorter to increase your longer-term likelihood of success.

Why it’s helpful to determine the roles luck vs. skill played in past big decisions (and the factors we consider)