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This is how to not fail at failing

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https://www.fastcompany.com/90461064/this-is-how-to-not-fail-at-failing

fastcompany.com

This is how to not fail at failing
On November 10, 2019, I created a personal Slack channel for my company, LifeLabs Learning, to lose 10 pounds by the end of the year. The message: "This is the 10 lb challenge! It's conceited and hardcore. You ready?" Around 20% of the organization ended up joining the challenge (including one of our CEOs).

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Admitting Failure

Humans tend to blame mistakes on external events, circumstances and people. Admitting failure goes against our ego, as we think it exposes our incompetence, leading to potential loss of...

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Destigmatizing Failure

Recognizing that failure is healthy and a normal consequence of working in a complex environment can help us look at failure as a learning process instead of dreading it. It also ...

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Admitting Errors 

Many mission-critical work environments report errors and mistakes on time. This is because the employees are allowed to commit and share mistakes, and report them without fearing that they will be...

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The fear of regret

Being afraid of regret is a powerful driver of maintaining the status quo in our lives.

The “disposition effect”

It's a bias related to money and it describes how investors hold on tight to losing assets. The driving force behind this behavior is our fear of regret.

It shows we are very hesitant to sell an asset at a loss and we tend to hang on to it as it keeps dropping in value, hoping it will pick up again.

The “sunk cost bias”

When starting new projects, we tend to have high expectations of them doing well. We put a big amount of effort into them and even if see they don't go that well, we still choose not to opt-out. Instead, we hang on them longer, because we feel regret of leaving a project before it materializes.

We therefore fall into the trap of irrationally hanging on to it in order to avoid regret temporarily. 

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The circular path

The circular path

... when you're trying to improve something look like this:

  • You start with some ideas.
  • You get excited for a while (1-2 weeks).
  • Maybe you take some s...

The staircase path

... when you're trying to improve something looks like this:

  • You get an idea.
  • You build a specific project around it (short-term).
  • Once you finish it, you move to the next idea and the project around it
  • Each project builds on the last, expanding options.

What defines the shape of your path

  • Focusing on one thing at a time until you finish it: if you focus on one project at a time until completion, you will make infinitely more progress than the person who does multiple projects at once.
  • Having the right method: doing something that’s outside your usual routine requires not just commitment, but new methods.
  • Actualization vs. possibility: the more you can adjust your life to the joys of doing and actualizing, over daydreaming and philosophizing, the more solid your life’s foundation will become.

Dealing with to-do lists

The common struggles to conquer our to-do lists:

  • 41% of to­-do items are never completed.
  • 50% of completed to-­do items are done within a day.
  • 18% of completed to­-do ite...

Too many to-do's

Most of us put way too much stuff on our lists. And that puts us on the path to failure.

Overstuffing our lists causes a continuous thrum of worry in our heads. And the worry that results from having too many conflicting goals causes our productivity as well as our physical and mental health to suffer.

How we're making to-do lists

We're just not good at constructing our to-do lists. It's not as simple as it looks. 

Many of us aren't any good at formulating the tasks on the list, failing to think through steps and plans, so that when we're faced with too many tasks and too few suggestions on how to proceed, we don't complete tasks. Remember that the to-do list string around your finger is for you to make better plans using the list.

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