Your Next Five Moves: Master the Art of Business Strategy

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Shortform note: In his book, Bet-David lists culture as the third step of creating a winning team, after retaining employees. However, others see establishing a strong culture as preceding the successful retention of employees. This is because when employees feel like they’re part of a culture and community, they’re more likely to stay.) All the discovery questions I’m asking are to lead you to find out which path suits you best. The key is to find the best position that highlights your talents. Founder? CEO? Chief strategy officer? Sales leader? Number two? Business developer? Intrapreneur? The list goes on. We’re living in an era in which entrepreneurs get the headlines, but that life may not be for you. That doesn’t mean there won’t be a place for you to build wealth and find fulfillment. To take things to the next level and set the bar even higher, aspire to be heroic. Think about your heroes, and ask yourself how they would act in such situations. It’s no coincidence that there is an entire cottage industry of books asking “What would [name] do?” My takeaway from this entire section speaks volumes of what a ethical, moral and responsible person is all about. Leadership is more than just a title. Leadership is action, not position. Or as PDB put it:

Your Next Five Moves by Patrick Bet-David: Summary and Notes Your Next Five Moves by Patrick Bet-David: Summary and Notes

There’s a path for everyone—as long as you have self-awareness and the willingness to think five moves ahead.”I will not compromise on speed, execution, or efficiency. I don’t care how much bigger we get; I want speed, I want execution, I want efficiency. I am greedy in these three areas. I want them all.” Do you know who you want to be? Do you have a clear vision of what that looks like? At this very moment, is the way you are acting consistent with your future truth? Here are three methods for negotiating in a way that sustains long-term success: Method 1: Prepare Extensively for Meetings

Your Next Five Moves: Master the Art of Business Strategy Your Next Five Moves: Master the Art of Business Strategy

This book captures the lessons he learned from his own experiences, successful people he met/studied over the years (e.g. Sheryl Sandbert, Bill Gates, Ray Dalio, Robert Greene, Kobe Bryan) and his insights after reading >1,500 business books. In doing so, don’t compromise your quirks or other things that may seem weird to others—these idiosyncrasies are important because of what you have experienced and the way you are wired. You really need to get clear about what you can sacrifice and what you absolutely will not sacrifice. It will lead you to create your own list of nonnegotiables. If you have a plan in place for how to replace every key member of your team, you can handle an unexpected exit without missing a beat. Plus you’ll sleep better at night, knowing your next several moves are already planned out.”To achieve success and fulfillment, you must handle thousands of problems and decisions. Hone your problem-solving skills to get better outcomes and pre-empt problems in the future. This requires that you: Dotty ended up escorting me to the auditorium, where six hundred students were waiting to hear from the motivational speaker, when suddenly the vice principal got up and started to introduce me as the speaker. The look on her face was priceless. Don’t be afraid to call them out when they don’t keep their word. Make it very clear it’s their performance you don’t like, not their personality Together, the people in this painting have become a personal assembly of mentors whom I turn to daily. Who do you have in your mentoring vault, whether dead or alive, that offers perspective and counsel?

Your Next Five Moves : Master the Art of Business Strategy Your Next Five Moves : Master the Art of Business Strategy

Master three things you do better. Use your strengths to master three things Goliath can’t do and do them better than it can You need to identify what matters the most to you to put a strategy together that fits your level of commitment and vision.” Once I was clear about who I wanted to be, I could see my next moves. The first step was finding a sales job with merit-based pay and clear expectations. Twenty years later, I can tell you that clarity comes from making decisions that are aligned with your core beliefs and values.Shortform note: Bet-David’s idea that you need human input to analyze and take action on metrics is evidence in support of the argument that although robots are taking over many workplace tasks formerly performed by humans, humans will still be needed to add critical soft and problem-solving skills to the workforce.) Part 6: Put Your Knowledge Down on Paper For Posterity I want to work with people who keep their commitments—especially leaders with whom I work and who impact my career path. Adversity will inevitably strike when you start growing rapidly, warns Bet-David. When this happens, seek the counsel of numerous people with differing perspectives and experiences. Ideally, find people who’ve studied or personally experienced the type of problem you have. They’ll give you the most valuable advice.