Taking Little Bets

Taking Little Bets
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In the book "Little Bets", Peter Sims discusses the power of taking small, experimental steps to achieve big goals. According to the book, rather than trying to plan out everything in advance, successful people and organizations make a series of small, low-risk "little bets" that allow them to learn, iterate, and improve over time.

Below are a few quotes from the book:

  • The key is to take a larger project or goal and break it down into smaller problems to be solved, constraining the scope of work to solving a key problem, and then another key problem.
  • “Once a small win has been accomplished, forces are set in motion that favor another small win.”
  • “At the core of this experimental approach, little bets are concrete actions taken to discover, test, and develop ideas that are achievable and affordable.”