I know because I did too.
Articulating your “reason for being” isn’t to be done alone.
Most of us need some structure & help from others.
Let’s get into it.
Jim Collins coached Jeff Bezos and Amazon.
He estimates that only 3% of the world has figured out their “Ikagai” or “Hedgehog”.
Here’s what they are and how you find yours:
I know because I did too.
Articulating your “reason for being” isn’t to be done alone.
Most of us need some structure & help from others.
Let’s get into it.
1. That which you love
2. That which you are good at
3. That which the world needs
4. That which you can be paid for
1. What you are deeply passionate about
2. What you are encoded for
3. What drives your economic engine
From my experience coaching entrepreneurs, I’d say 3% is a generous estimate.
But how do you find and articulate your own personal sweet spot?
Let’s do a quick exercise using the Hedgehog model.
On the second sheet of paper, reflect on your energy and results as you work. Explore what you are encoded for.
Example: Collins thought he was good at math until he got to Stanford & met fellow students who were encoded for it.
He would later discover his encoding was in teaching
On the third sheet of paper, write all the things you can think of that would allow you to have an economic engine.
Give copies of these three sheets to your personal board of advisors.
These are people whom you admire & whom can provide perspective to you with brutal honesty.
Ask them: where do they see the overlaps?
What do they think is the right intersection for you?
1. “Discovering what you are meant to do"
And
2. "Committing to the ardor of pursuing it with excellence.”
Don’t skip #1 and don’t try to do it alone.
If your direction could be more clear, run this simple exercise to bring into focus what you are meant to do.
• Follow me @mattschnuck for more threads on EQ, entrepreneurship, and growth.
• Retweet the first tweet to share with someone looking to refine their Hedgehog or Ikigai
https://t.co/GqLeaptVFi
Jim Collins coached Jeff Bezos and Amazon.
— mattschnuck (@mattschnuck) January 4, 2023
He estimates that only 3% of the world has figured out their \u201cIkagai\u201d or \u201cHedgehog\u201d.
Here\u2019s what they are and how you find yours:
Please check out their work on the topic
https://t.co/0amSIdODpd
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I’m torn on how to approach the idea of luck. I’m the first to admit that I am one of the luckiest people on the planet. To be born into a prosperous American family in 1960 with smart parents is to start life on third base. The odds against my very existence are astronomical.
I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.
In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.
So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.
Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.
Ironies of Luck https://t.co/5BPWGbAxFi
— Morgan Housel (@morganhousel) March 14, 2018
"Luck is the flip side of risk. They are mirrored cousins, driven by the same thing: You are one person in a 7 billion player game, and the accidental impact of other people\u2019s actions can be more consequential than your own."
I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.
In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.
So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.
Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.
