FBC – 46 – The Perfect Ratio To Be Successful

Today we are going to touch base on the optimum ratio you need to adopt in order to make things happen. The Perfect Ratio To Be Successful. Instinctively, we go at it all wrong.

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I'm listening to an audio book from Dale Carnegie and his books are absolutely awesome. And this one is called “How to stop worrying and start living”.

It's something that's right. And there are a few concepts in there that I think are very interesting.

And there is one where he's explaining that when you're facing problems and you need to basically get rid of a problem find a solution. There is a point where you have gathered enough information to go and act and do something OK. And there is a point after which more information is just damaging for you. OK. There is no need for more information. You've gathered enough. You should just go and act.

And they say that the more you keep thinking about it, the more you'll be tempted to come back on your decision and you start doubting and then it takes forever for you to do anything. And I really agree with this statement.

So I've read about the balance that you need to find between learning and doing. So for a while I've been doing way more learning than actually implementing and doing stuff. And the ratio needs to be the opposite.

The Perfect Ratio To Be Successful

You need to do let's say seventy five percent of doing and 25 percent learning. Because you don't want a 100 percent doing and zero percent learning or the opposite like you're just learning you're not doing anything but you don't want to end up in a situation where you're just getting too much information.

And when you get to work, too much information there is always the next piece of information that you need before actually do something, which was my problem at some point. So if it's the case today and you're learning more than you're doing. This is not good!

Also, when you do stuff, you will learn quicker. You'll see actual results and you'll be able to track everything whereas the rest is just you like wishing and hoping that stuff is going to work.

But of course there are some exceptional circumstances where for example, I was able to do this because my business runs without me. So that means I don't have to do much operational and then I can focus 100 percent of my time to learning new stuff. Right.

But even when I'm learning, now I have a rule that says if I see something in there, I will pause, and I will try to do it. OK. Execution execution execution is the best way to actually get results!

And sometimes it's better to find someone who knows whatever you need to do than try to learn it yourself. OK. I see too many people get stuck on a problem, like a technical problem or something and they tried for five minutes then didn’t think they would ever solve it. And then they stop there or they get stuck on it for like three months instead of contacting someone who knows their stuff and could fix it.

Save time save money to not spend time to save money.

So there’s a saying, “rich people spend money to save time and poor people spend time to save money”

If you think about it it's not a wise investment. You need to look at things from an investment perspective. People don't like to spend money. But you're not spending money, you're investing money in something. So instead of saving a hundred bucks and spending three months trying to do something, just pay a dude a 100 bucks and he will do it in five days. And within those three months you'll make way more than if you're trying to do it yourself!

So make sure that the ratio of doing and learning is seventy five percent versus 25 percent. So 75 percent of the time you're implementing stuff and 25 percent of the time then you're learning. So that means that you're perfecting your skills with repetition. If you do stuff, you will learn way more than the theory, right?

And if you have something that's bugging you, like technical stuff and you're not technical, find a technical person to do it and stick to whatever you're good at. It's going to be way more profitable for you in the long run because you know again if you don't execute, and if you're product is not out there, then its making zero money. And the longer you delay it because you're trying to fix everything yourself, then the less money you're going to make.

Monetize your passion and monetize your skills and your knowledge.