The definition of “Little bets” was described in the book written with the same name by Peter Sims. Little bets are a way to explore and develop new possibilities. Specifically, a little bet is a low-risk action taken to discover, develop, and test an idea. Little bets are at the center of an approach to get to the right idea without getting stymied by perfectionism, risk-aversion, or excessive planning. He described that most all innovation has came from small little bets, as example the Facebook , twiter etc.
Usually most of the people when they tried to start one business they always say “I could not start the business because I am waiting that a big idea come up to my mind”. As Peter has explained to his book, none of the Entrepreneurs of the big Company has start with a big idea but they have discovered it.
We are living in a rapidly and uncertain changing time which sometimes makes us getting stuck and we don’t know what to do. As Peter described in his book we can use the little bets as antidote to make us going forward and taking risk. In the book he take the example of the Twiter which has made a little bet inside ODEO, podcasting company that was going nowhere. After asking employees for suggestions about what the company should do, Odeo founder Evan Williams gave Jack Dorsey two weeks to develop a prototype for his short messaging idea. Twitter was soon born.
Another key reason why the time is right to embrace a little bets strategy is unlike previous generations, people now change jobs every few years and, according to researchers, will even switch careers up to six or seven times over a lifetime. That’s a very new way of relating to our work and careers. Little bets must become a way to see what’s around the next corner, or we risk stagnating.
As was mention in the book we every day should make little bets to move on and especially to win in this competitive life. If each of us doesn’t take the risk in their job or their life everyday this will stop us in the same place for years and the future will be… (For sure not very likely)
Challenge is to, identify problems, build up ideas and give solutions. Learn by doing, but not fail often. We should not stay with the teory “I did not fail 100 times but I learned 100 wrong ways.
YanıtlaSilIn working through possibilities, the cleverest innovation is to realize the best way to prioritize the results.
I think that nothing has started with big ideas. Important founders have really provided remarkable benefits by building up great outcomes from the little bets. Whose advantage is the low risk and low level of income reduction.
YanıtlaSilI agree with your saying:
YanıtlaSil"If each of us doesn’t take the risk in their job or their life everyday this will stop us in the same place for years and the future will be…"