E11: I have a huge announcement to make...

Feb 25, 2018
Overview

Steve Bartlett shares personal diary entries, exploring the importance of defining business personality, the profound impact of personal organization, and the nuanced reality of entrepreneurial success. He also discusses the transformative power of rejecting caution, pessimism, and realism, and prioritizing family.

At a Glance
16 Insights
42m 42s Duration
8 Topics
5 Concepts

Deep Dive Analysis

The Importance of Business Personality for Standing Out

Personal Organization as a Habit and Its Compounding Costs

The Reality of Effort, Desire, and Natural Ability in Success

Avoiding Caution, Pessimism, and Realism for a Fulfilling Life

How Perception and Reaction Define Your Results

Announcement: Relocating to New York for Business Growth and Personal Challenge

Deathbed Thinking: Making Decisions Free from Others' Opinions

Prioritizing Family and Navigating Personal Relationships

Business Personality

This refers to the unique character or identity of a business that enables it to stand out in a crowded market. It involves doing things differently and fearlessly, which attracts attention, defines the company's culture, and ultimately leads to notoriety and success.

Personal Organization as a Habit

Organization is presented as a habit, not a time-consuming chore, that has a profound impact on one's life. A lack of organization can lead to significant cumulative losses in time and money, while small acts of organization can create a positive cascading effect on daily routines and overall effectiveness.

Unrealistic vs. Delusional

Being 'unrealistic' means setting ambitious goals that defy conventional expectations, often leading to transformative change and leaving a 'dent in the world.' In contrast, being 'delusional' involves pursuing goals without the necessary natural ability, experience, or a realistic assessment of the challenges, which can lead to self-harm and wasted effort.

Reaction as Result

This concept posits that one's life outcomes are not determined by external circumstances, which are often beyond control, but by one's internal response and perception of those circumstances. By choosing a positive perception and a productive 'second story,' individuals can transform negative events into opportunities for growth and achieve desired results.

Deathbed Thinking

A mental model for decision-making where one imagines themselves on their deathbed and reflects on potential regrets. This perspective encourages individuals to make choices aligned with their true selves and desires, free from the influence of others' opinions or societal pressures, to avoid the biggest regret of the dying: not living a life true to oneself.

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How can a business stand out in a saturated market?

A business can stand out by developing a distinct personality, doing things differently and fearlessly, like 'dancing on the table' in a crowded pub, which attracts attention and defines its unique identity.

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What is the true cost of being unorganized?

A lack of personal organization can cost significant time and money over the long term, compounding into years of lost time and thousands of pounds due to missed opportunities, rescheduled tasks, and forgotten essentials.

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Does hard work and strong desire guarantee success?

No, hard work and strong desire do not guarantee success; one can work extremely hard and want something desperately and still fail, especially if they lack the natural ability, experience, or realistic assessment of the 'assault course' ahead.

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What three things should people avoid for a fulfilling life?

People should avoid caution, pessimism, and realism. Caution leads to unfulfilled lives and regret, pessimism is destructive, and realism limits dreams and transformative potential.

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How should one approach difficult life circumstances?

One should understand that the circumstance itself is beyond control, but their reaction to it determines the result. Adopting a positive perception and a productive 'second story' can transform negative events into opportunities for growth.

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Why is the host moving his base to New York?

The host is moving to New York to provide leadership to the less established US team, where his presence can deliver the greatest return on investment for the company's global ambition, and to challenge himself personally by operating outside his comfort zone.

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How should one make important life decisions?

Decisions should be made using 'deathbed thinking,' considering what one would regret on their deathbed. This encourages living authentically and making choices based on personal happiness and truth, rather than conforming to others' opinions.

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How important is family compared to business?

Family is always more important than business. While business often presents urgent tasks, family requires intentional focus and investment of time to maintain strong relationships before it's 'too late.'

1. Live Authentically, Ignore Critics

Prioritize living a life true to yourself and your gut instincts, making decisions based on your own values rather than conforming to societal expectations or fearing others’ opinions. This approach prevents future regret, as many on their deathbed lament not living authentically.

2. Practice Deathbed Decision-Making

Evaluate current choices by imagining your perspective on your deathbed, ensuring your actions align with what you will ultimately value and avoid regret. This retrospective clarity helps you make choices that lead to long-term happiness and fulfillment.

3. Reject Caution for a Fulfilled Life

Embrace risk and avoid excessive caution, as living cautiously is the biggest risk and a guaranteed path to regret and an unfulfilled life. Since death is inevitable, practicing caution prevents you from experiencing life fully.

4. Cultivate Unrealistic Ambition

Challenge conventional notions of ‘realism’ and set unrealistic dreams and life goals, as transformative achievements often stem from a refusal to be bound by perceived limitations. Being unrealistic allows you to envision and pursue changes that others deem impossible.

5. Eliminate Pessimistic Influences

Actively remove pessimistic individuals from your life, as their negative outlook can be destructive and derail your personal trajectory. These people focus on what’s wrong and can ruin your life by constantly finding fault.

6. Control Your Reaction, Not Circumstance

Recognize that while circumstances are often beyond your control, your reaction to them determines your results and shapes your future happiness. Believing this allows you to live a more positive, future-thinking life instead of dwelling on the past.

7. Frame Events with Productive Perception

When faced with negative events, consciously choose to frame them with a productive, forward-looking perception rather than a blame-filled or destructive one. Your perception defines your reality and dictates whether an outcome is positive or negative.

8. Prioritize Personal Organization

Recognize that disorganization is a destructive habit that costs significant time and money, and actively commit to becoming more organized to maximize effectiveness. For every minute spent organizing, an hour is earned, leading to substantial time savings over time.

9. Start Your Day Organized

Begin each day by making your bed and maintaining a clean room, as this small act can trigger a positive chain reaction, leading to a more structured and productive daily routine. This initial habit can set the tone for an organized day, influencing subsequent actions like brushing teeth, showering, and exercising.

10. Define Your Business Personality

In saturated markets, differentiate your business by developing a distinct personality that stands out, even if it attracts criticism, as this drives attention and success. A clear personality makes your business notorious and memorable, defining its culture and work.

11. Demonstrate Your Business Personality

Consistently execute creative, unconventional actions (like giving away a budget for charity and documenting it) to publicly showcase your business’s unique personality and values. This active demonstration tells the world why you are different and what you are known for.

12. Assess Your Readiness for Entrepreneurship

Understand that passion and hard work alone don’t guarantee success; objectively evaluate your natural abilities, talent, and experience before embarking on a challenging entrepreneurial journey. Entrepreneurship is not for everyone, and lacking fundamental skills can lead to significant struggle.

13. Match Ambition with Capability

Avoid pursuing goals that are overwhelmingly beyond your current capabilities and resources, as this can lead to wasted effort and significant negative stress without meaningful learning. Your natural ability and experience determine the length of your ‘assault course,’ and you need enough ‘fuel’ (persistence) to complete it.

14. Gain Experience Before Big Leaps

If you lack the necessary skills or experience for a grand ambition, prioritize acquiring practical experience and developing foundational abilities before attempting to tackle monumental challenges. Trying and failing on an achievable ‘assault course’ teaches more than attempting a vastly unachievable one.

15. Seek Discomfort for Growth

Continuously place yourself outside your comfort zone by embracing new, challenging situations, as this pain and struggle are essential for personal and professional development. Actively desiring uncertainty and difficulty helps you grow and adapt.

16. Prioritize Family Over Urgent Tasks

Actively schedule and invest time in family relationships, recognizing that while business tasks often feel urgent, family needs consistent focus and prioritization before it’s too late. What you focus on grows, and family relationships require deliberate investment to flourish.

The personality of your business is what will make you stand out.

Steve Bartlett

For every minute spent organizing, an hour is earned.

Benjamin Franklin (quoted by Steve Bartlett)

You can work really, really hardly, you can want it more than anybody on the face of the planet wants it, and you will fail anyway.

Steve Bartlett

Practicing caution in this thing called life is literally the most stupid thing you can do. It is the biggest risk.

Steve Bartlett

Your reaction is your result, not the circumstance.

Steve Bartlett

The biggest regret of the dying is living a life that wasn't true to themselves.

Bonnie Ware (quoted by Steve Bartlett)

Business will never be more important than family. It will just never be the case.

Steve Bartlett

Daily Organization Routine

Steve Bartlett
  1. Make your bed in the morning.
  2. Brush your teeth.
  3. Have a shower.
  4. Iron your clothes.
  5. Have breakfast.
  6. Go to the gym.
  7. Take the dog for a walk.
200 members of staff
Social Chain staff growth Grown from zero in approximately three years.
~2 hours
Estimated daily time lost due to disorganization Steve Bartlett's personal estimate.
730 hours
Estimated yearly time lost due to disorganization Based on 2 hours/day.
11,000 hours
Estimated total time lost due to disorganization since school (15 years) Equivalent to almost a year and a half of time.
minimum £30
Estimated daily financial cost of disorganization Steve Bartlett's personal estimate, e.g., forgetting rail cards, losing items.
£30,000 to £40,000
Estimated total financial cost of disorganization over three years Steve Bartlett's personal estimate.
approximately 1.5 months old
Host's niece's age Host has not yet visited her.
April
Planned timing for host's move to New York Approximate timing due to current schedule.