Leverage Your Competitive Advantage

A person with a foundation of knowledge and skills will make more money and most likely live a more meaningful life.
There’s a similar belief in start-ups: technology companies focus on learning over profitability in the early years to maximize revenue in the later years.

Prioritize plans that offer the best chance at learning about yourself and the world. Ask yourself, “Which plan offers the most learning potential?”

Any entrepreneur (and any expert on cognition / learning) will tell you that practical knowledge is best developed by doing, not just thinking or planning.

For careers, too, you don’t know what the best plan is until you try. 

Occasional missteps are to be expected when you take an experimental approach to career planning. 

These errors needn’t be permanent. Good Plan A’s can be stopped or reversed or morphed into a Plan B. A good Plan A minimizes the cost of failure. 

Start with a trial period. Keep your day job.

If you study the root causes of business disasters, over and over you’ll find a predisposition toward endeavors that offer immediate gratification.

At the same time, though, don’t do the opposite and think ahead too far in the future. You will change, the world will change, the competition will change.

The best thing to do is to think and plan two steps ahead.