Bet-David defines good problem-solving as the ability to think through all options, envision possible consequences of every option, and make beneficial choices based on sound information. Now that you’ve taken the first step to understanding who you are and want to be, it’s time to take the second step, writes Bet-David: learning how to solve problems effectively. Good problem-solving distinguishes a beginner from a master businessperson and is key to success in business and life. The Second Step: Learn to Solve Problems Effectively For example, if you’re passionate about animals and want to start a pet supplies business, you might focus on the untapped market of pets with disabilities using your personal experience of having a dog with a disability. The best place to do this is in untapped markets where you have unique strengths. Sub-Step #3: Understand How to Get Thereįinally, pursue business ventures aligned with what your strengths are and who you want to be, writes Bet-David. Bet-David adds that it’s fine not to know this clearly right now, as long as you dedicate energy toward thinking about the question. Your strategic steps depend entirely on what future you want to achieve, so reflecting on this is key. Once you understand who you are and what matters to you now, figure out who you want to be in the future, writes Bet-David. Sub-Step #2: Understand Who You Want to Be in the Future Only when you accept yourself can you begin to confidently pursue goals and paths aligned with your truest desires and greatest strengths. Understand who you are now because this allows you to accept yourself fully, writes Bet-David. Let’s break this process of self-discovery into three sub-steps: Sub-Step #1: Understand Who You Are Now For instance, you must know how to assemble a team before you think about becoming an industry leader.) The First Step: Understand Yourselfīet-David believes that the first step of your strategic plan toward long-term success is to understand yourself. Another reason this organization works is that, in each step, you gain the tools you need to tackle the next step. Similarly, Bet-David starts his steps at a small scale-personal aspirations-and then scales up to consider problem-solving skills and good leadership. Most companies begin at a small scale and gradually scale up, adding team members, departments, procedures, and so on. (Shortform note: Bet-David’s organization of the five strategic business steps is effective because it reflects the way businesses themselves grow. In each step, Bet-David shows you how to enhance your planning and strategic thinking skills, so that, by the end of the five actions, you’ll be able to create your company’s own next five strategic steps. Bet-David breaks the process of becoming a better business strategist into five steps: learning about yourself and your desires, learning to solve problems more efficiently, creating a top-notch team, growing your business healthily, and positioning yourself as a leader in your industry. In Your Next Five Moves (book published in 2020), he draws on the approach of chess masters, who always anticipate what their rivals will do and devise their next five moves to block attacks, defend their territory, and achieve victory.īet-David recommends approaching every activity in life with a five-steps-ahead mindset but dedicates the book to learning how to think five steps ahead specifically in entrepreneurship and business. Your Next Five MovesĮntrepreneur Patrick Bet-David believes the key to sustained success in business is the ability to plan your next five strategic steps ahead of time. Learn more about these five steps that can turn you into a successful business strategist. To turn you into a master business planner, Bet-David presents five strategic steps you must start taking now: learn about yourself, improve your problem-solving skills, create a winning team, expand your business, and position yourself as an industry leader. Your Next Five Moves, a book by Patrick Bet-David, argues that what distinguishes exceptional business leaders from average ones is their ability to anticipate future events and plan effectively for them-ideally by thinking five steps ahead. What do master chess players and master businesspeople have in common? Both always plan five steps ahead. How good are you at strategizing for long-term business success? Do you know what your next five moves should be? Like this article? Sign up for a free trial here. Shortform has the world's best summaries and analyses of books you should be reading. This article is an excerpt from the Shortform book guide to "Your Next Five Moves" by Patrick Bet-David.
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