#Your next 5 moves how to#
#Your next 5 moves series#

The most successful entrepreneurs always see the role they play in an issue. The most important part of processing a problem is taking responsibility for it.

#Your next 5 moves how to#

The key to good decision-making is to learn how to process issues productively. Truth be told, there is not just one correct solution to a problem. That was because he believed that there were only black and white solutions. He was indecisive and kept lying awake at night thinking about the decisions he had made and how he could have acted differently. He had already become a CEO by 2013, but he kept having panic attacks for 18 months after that. You will need to be able to look at the world with a calm and clear mind, unclouded by emotion, in order to make sound business decisions. That is why your second move should be to learn how to process issues. Or maybe you are faced with challenges from a bigger competitor.Ī successful CEO keeps calm in the face of problems and crises. Or maybe the market crashes by 30% in one month due to a global pandemic. Maybe your best employee is threatening to leave if she does not get equity. On your way to the top you will be faced with issues every single day. This list included making his surname “Bet-David” mean something, and included a clear formula for how to get to the top. That was when he sat down and made a list of who he wanted to be. He knew he had made the right decision, but he did not know where he wanted to go next. When the author quit one of his early jobs as a salesman, he was lost. One way of finding out what you want to do is to make a list. If you do not love what you do, you will inevitably quit along the way. It is important to decide what exactly you want, since you can expect a lot of anguish on your way to the top. You can just as easily do that by pursuing intrapreneurship: you stay part of a company, but create a new business unit or lead a new initiative. You can become rich without founding your own company because a richer life is only possible when you take responsibility for your own success. Maybe you will realize that becoming an entrepreneur is not the path for you.

If, however, your aim is to disrupt an industry, you will have to treat your business like war. For example, if you realize that your ambition is to build a small corner store, you can be laid back about your business approach. Once you know what truly matters to you, you can match your business strategy to your level of commitment and vision. The answers might not come right away, but like with all moves, there is a process. Keep asking yourself questions to reveal your deepest desires. You need to know what matters most to you and what makes you tick. It might seem like a no-brainer, but self-awareness is the key to success. Entrepreneurs solve problems, so why not solve some of the big ones facing our world today? Move 1: knowing yourselfīefore you do anything else, your first move has to be to get to know yourself. Make your mission bigger than simply wanting to earn money. What you want to achieve must matter to you, otherwise you won’t have the grit to follow through with hard decisions. Even though you might want to plan the next 15 moves in advance, focusing on only five will allow you to anticipate future outcomes and base your moves and countermoves on those.Įven if you do learn to think ahead, the one thing you need to succeed is desire. Of course you might be wondering why you should only think five moves ahead. Thinking further ahead allows you to distinguish between the easier and more effective choice.

#Your next 5 moves series#

As the author Patrick Bet-David puts it: “Effective strategy is about making a move and being prepared to launch another series of moves based on how the market or your competition reacts.” But a successful CEO always sees the big picture: She is able to think five moves ahead. Most people fail to think more than one or two moves ahead. And just like aspiring chess players, entrepreneurs and CEOs will often experience a feeling of isolation on their way to the top. In the heat of battle, they stay calm just like chess players do. Good CEOs also know how to think several moves ahead. Think about Magnus Carlsen, the Norwegian chess prodigy - he became a grand master at the age of 13 thanks to his ability to think as many as 15 moves ahead. So get ready to learn how to develop excellent leadership qualities! Successful leadershipĪspiring entrepreneurs and chess players have a lot in common.

Successful people in business always keep an eye on the bigger picture. Are you an aspiring entrepreneur? Or are you already working as a CEO and struggling with the burden of leadership? Whichever situation you are in, you will definitely benefit from learning to think five moves ahead.