A major tool of the entrepreneur mindset is approaching your life, your education, your career, and your business as a series of loops
Not the treadmillish, Sisyphan, “Groundhog Day” self-repeating kind of loop, but a style of iteration that allows you to explore opportunities, solve problems, and tackle big goals in a manner that reduces risk and allows discovery.
The Loop is rather simple:
- Focus: Figure out the most important problem to work on.
- Prepare: Think of an action can you take try and solve that problem.
- Simplify: Pare down your action to its shortest, easiest, quickest version.
- Do: Take the action, whatever that is.
- Reflect. What worked? What didn’t?
- Evolve: Feed what you learned and produced into the next iteration.
and back to 1.
The idea of the iterative loop is not new. Authors, practitioners and thinkers have talked about this in depth in just about every domain in existence. What I intend to do is show you how to apply this simple process to your life, to your business, and to your learning.
In a predictable, stable, linear world, there is little need for the loop. Careful long-term plans can map out with great accuracy the steps, tasks and goals required for success.
However, we don’t live in that world. The pace of change accelerates, knowledge both balloons and obsoletes faster, and opportunities appear more frequently but are less obvious. Long-term planning is difficult if not impossible in this environment because the conditions change so quickly and because we simply can’t know everything we need to know.
The Loop is a process built for such a topsy-turvy world. It’s personal evolution, allow you to learn quickly from failures and to exploit your successes.
In my next post, I’ll give a bit more detailed outline of the loop.