There's a popular quote by Jim Rohn that states that you are the average of the 5 people you spend the most time with.
I think there's a lot of truth to that statement, but I also think it's true of larger groups.
The people and groups you spend time with influence who you are in the moment and over time. We all act differently within different groups of people, and that's part of why surrounding yourself with the right people is so important.
You can see this when you visit your childhood home after many years, or spend time with your parents, or visit your old college. It is easy to revert to who you were when you were most influenced by that person or environment.
A few weeks ago, I spent a couple of hours speaking to Dan Sullivan and Steven Krein to record two podcasts. The first was about building your own future and the second discusses surrounding yourself with the right people. Here is a link to listen to the second podcast, "The Right People to Raise Your Thinking."
For decades I have believed that you can predict a lot about your future based on who you choose to spend your present with.
That is why I think participation in quality peer groups is critical. Peer groups help us set higher standards for our behavior, aim higher in our aspirations, and they help us stay better focused and committed to big-picture goals.
I belong to several executive and business leader peer groups — groups that double as advisory boards, counselor’s offices, and idea factories. They allow me to see, hear, and discuss things I don't normally think about, talk about, or even notice. Peer groups bring blind spots to my attention and keep me fully connected to trends that are transforming the world on a global scale.
I love going to Strategic Coach because it has a unique approach to challenging people about how they think. After years in the program, the frameworks have unconsciously become a part of how I work and live day-to-day.
If I could challenge you to do one thing based on the lessons in this podcast, I'd encourage you to lay out the framework for where you will be in 25 years. Who do you want to be? How do you want to live? What are you committed to building? Who are you going to be spending more or less time with?
The next part is easy. With those things in mind, start taking steps in the right direction today.
Onwards!
Getting To Next: How Thoughts Become Things
Two weeks ago, I introduced Innovation Activity Centers which are the building blocks for my technology adoption model.
Today, I have a video and a worksheet for you that goes into the overarching Technology Adoption Model Framework. It explains how thoughts become things and how ideas scale with respect to capability, audience, and monetization.
The four base stages of this framework are: Capability –> Prototype –> Product –> Platform.
It's a great use of 20 minutes. Check it out.
While the Technology Adoption Model Framework stages are important, the ultimate takeaway is that you don't have to predict what's coming, only how human nature works in response to the capabilities in front of them.
It's a bit cliche, but to paraphrase Wayne Gretzky, you just have to skate to where you think the puck is going to be.
Desire fuels commerce. As money fuels progress, desire grows ... and so does the money funding that path. As such, the path forward is relatively easy to imagine.
This isn't about predicting specific technologies, but rather about the capabilities people will want. I think of it as anticipating the natural path. It is easier to ride the wave than it is to fight nature.
Each stage is really about the opportunity to scale desire and adoption.
It isn't really about building the technology, rather it is about supporting the desire.
If you understand what is coming, you don't have to build it, but you can figure out where you want to build something that will benefit from it.
This model is fractal. It works on many levels of magnification or iteration.
What first looks like a product is later seen as a prototype for something bigger.
For example, as a Product transforms into a Platform, it becomes almost like an industry of its own. Consequently, it becomes the seed for a new set of Capabilities, Prototypes, and Products.
SpaceX's goal to get to Mars feels like their North Star right now ... but once it's achieved, it becomes the foundation for new goals.
This Framework helps you validate capabilities before sinking resources into them.
In the video, I walk you through several examples of companies, their innovations, and how they fit into each stage. I even used Capitalogix as an example.
I'm also attaching a fillable PDF of the form we used so that you can run through this with your business as well.
As I continue to refine and work with this framework, I look forward to improving it and sharing it with you all.
As the world continues to change faster and more dramatically, this framework will help you anticipate changes, and it will also help you take advantage of them.
If you have any questions or comments about the idea, or how to implement it, feel free to reach out.
Onwards!
Posted at 07:48 PM in Business, Current Affairs, Gadgets, Ideas, Market Commentary, Personal Development, Science, Trading, Trading Tools, Web/Tech | Permalink | Comments (0)
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