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The 5-Hour Rule Used by Bill Gates, Jack Ma and Elon Musk
Rapid experimentation
Experiments are so useful because you have facts, not assumptions.
Experiments show you what’s working. You can learn from your mistakes and obtain feedback from others.
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The five-hour rule
No matter how busy successful people are, they always spend at least an hour a day (thus five hours a week) learning or practicing. And they do this across their entire career.
Barack Obama is far from the only leader to credit his success to reading. Bill Gates, Warren Buffett, Oprah Winfrey, Elon Musk, Mark Cuban and Jack Ma are all voracious readers.
Read
Besides expanding your knowledge, reading can give you a good head start; this is often what your peers cannot obtain.
Even if you can't commit to an hour or more of reading every day, start with 20 to 30 minutes.
Reflect
The five-hour rule also includes reflecting and thinking. This could be just staring at the wall or jotting down your thoughts.
Focusing on the past gives you a chance to learn from mistakes you've made, as well as assess what you did correctly. As a result, you’ll be better suited to achieve your goals and improve your life.
Rapid experimentation
Experiments are so useful because you have facts, not assumptions.
Experiments show you what’s working. You can learn from your mistakes and obtain feedback from others.
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The Secret Sauce: Motivation
Successful and rising entrepreneurs have a key behavior trait that propels them towards their goals: Motivation towards that goal, the constant fixation in their minds to what they want to achieve....
Define your Purpose
Successful entrepreneurs know what they want in life, and what is the purpose of their existence. They have chosen a destiny and defined their purpose of living.
Everyday Motivation
Successful entrepreneurs have a system, a daily set of habits, a power routine that defines their work ethic, eventually defining the course of their lives.
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Set concrete goals
To become successful sooner, you first need a road map for your career. What do you want to achieve in your career?
Long term goals help you create a framework for your caree...
Stick to a routine
There’s a big benefit to repetition. Routines help you establish good habits and keep you moving forward.
With positive routines in place, you often begin to see results quickly.
Find a mentor
A mentor is someone who is on the same career path as you, but further along.
They guide you through things like how to avoid potential pitfalls, and how you might approach the next steps of your career.
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Build good habits in two minutes
The “two-minute rule” has two parts.
First, if something takes less than two minutes, do it now. Next, start building new habits for two minutes at a time. The rule for this is: When you start a new habit, it should take less than two minutes to do. The idea is to make your habits as easy to start as possible.
Think of these “two-minute habits” as gateway habits that will lead to your overarching goal.
Complete tasks in batches
It takes time to get into a rhythm to work on a task. Instead of constantly starting and stopping that process, it’s better to keep your rhythm going by bundling similar tasks together.
By doing this, you avoid interruptions and prevents himself from procrastinating.
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