Most people on think in increments, wanting to improve by 5% or 20% but never with 1000%. That is what moonshot thinking is. Having a moonshot mindset means applying 10X thinking (or 1,000%) to all your efforts and challenges.
It’s is driven by exponential technologies that any entrepreneur or leader needs to succeed in the decade ahead.
WHY SHOULD YOU AIM FOR 10X GROWTH INSTEAD OF 10%?
I’ll give you three reasons:
- As my friend Astro Teller, Alphabet’s (Google) “Captain of Moonshots” says, when you try to do only 10% better, you’re putting yourself in direct competition with everyone else in your industry. And it’s a competition that you’re likely to lose.
- When you shoot for 10X improvement and try to do something radically hard, you approach the problem you’re solving in a completely different way.
- When you attack a problem as though it were solvable, even if you don’t know how to solve it, you’ll be shocked at what you come up with.
In our world, change is the only constant, and the rate of change is increasing.
As a result, you either disrupt yourself, or someone else will.
6 BENEFITS OF A MOONSHOT MINDSET
- You understand “the day before something is a breakthrough, it’s a crazy idea.” With a Moonshot Mindset, you have permission to pursue crazy ideas.
- You are willing to take the risks necessary to transform industries and society for the better. You recognize that those with a Moonshot Mindset are the innovators making the world a better place, moving humanity forward, and charting the future.
- You understand that a Moonshot within the realm of your Massively Transformative Purpose (MTP) can be the adventure of a lifetime, giving you joy and fulfilment, and providing you with purpose.
- You are willing to aim at billion-person challenges. You recognize that the world’s biggest problems are the world’s biggest business opportunities.
- You understand that Moonshots striving for a 10X improvement (or 1,000%) offer one-hundred-fold the benefit compared to 10% incremental improvement, but are rarely one-hundred-fold more difficult to achieve. A 10X improvement is 100 times more worth it, but it’s not 100 times harder.
- As a leader, you know that Moonshots focus and motivate your team, help you attract the best talent in the world.
How much more could you achieve if you had a Moonshot Mindset?
Source: Peter Diamandis, more Peter Diamandis? Follow this link to his blog.
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Last modified: June 28, 2021
