Instead of relying on our company or boss to wave a magic wand on our career, we need to take things into our own hands and be comfortable about being unapologetically ambitious.

• Leadership means moving out of our creative, comfortable zone and being ready to manage finance, large teams and many business needs.
• We don’t have to worry if we are not qualified enough or do not know the job roles like others do.
• We can win hearts and build trust by inspiring and empowering others, doing things in an informal, egoless manner.

• Understand the different outcomes that could happen (both positive and negative)
• Calculate the expected return or loss of each outcome
• Attach a probability to each outcome
• Understanding the magnitude of the return or loss
• Multiply the probability by the magnitude (probability of winning * value of win) — (probability of losing * cost of the loss)
• Add up and subtract all of the expected returns and losses
• To get started you don’t need to know the exact probabilities. Just following the process will give you unique insights you wouldn’t have had otherwise.

• Invention is the creation of a product or introduction of a process for the first time.
• Innovation is when someone improves on or makes a significant contribution to an existing product, process or service.

Steve Jobs' iPod is an example of great innovation. The iPod was not the first portable music device, neither the first device to put hundreds of songs in your pocket. What made Apple innovative was that it combined elements in a single device.