Rather than starting with a big idea or planning a whole project before you begin, many successful people and businesses make a methodical series of little bets. Little bets are low risk actions taken to test an idea. These little bets help determine direction while providing critical information from a number of little failures and small but significant wins. Bestselling author Peter Sims explores the value of taking small, experimental steps in developing breakthrough innovation in Little Bets. This book is now available as a Soundview Executive Book Summary.
“Practicing little bets frees us from the expectation that we should know everything we need to know before we begin. By focusing on doing rather than planning, learning about the risks and pitfalls of ideas rather than trying to predict them with precision up-front, an experimental approach develops growth mind-set muscles,” writes Sims. Based on extensive research, Sims discovered methods that unshackle anyone from the constraints of conventional planning, analytical thinking and linear problem solving that our educational system overemphasizes at the expense of creativity. Sims gives readers a critical takeaway when he explains how to leverage small wins to accomplish performance goals.
Sims shares examples of successful breakthrough innovators at work including Chris Rock, the Google founders, and Jeff Bezos and the dramatic results of their efforts. With Little Bets, anyone will be able to know the right moment to make a little bet to make a difference in the world around them.