Easily Shorten Your Learning Curve by 90%

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What’s the most important factor in predictable success?

Well let’s see, the only thing we control (what makes anything predictable) is our behavior.

So the key to our predictable success is simple…master the skills of knowing what and how to do what needs to be done to optimally bring us to our end result.

Simple but not easy.

I’m continually alarmed by how little focus people place on learning and in particular the skill behind it, you know which one? We’ll discuss it in a moment.

All of the most successful people swear by a rigorous and aggressive learning practice.

The most successful organizations like Toyota, bake continual organizational learning into their processes.

So if learning is so important, what is the most important thing to learn?

How to learn faster of course since this will compound over and over in future learning.

Think about it, if you can learn twice as fast as someone else you won’t just learn twice as much throughout your life you’ll be able to benefit from the compounding effects of all that learning (probably about ten times more conservatively).

But it goes further, if you can learn to learn faster then you can compound how fast you learn and multiply it many times over.

So what’s the fastest easiest way to optimize your learning?

In the name of learning fast we’re going to keep this short…


What Warren Buffett Calls Coat Tailing

What do a high percentage of top performers spend at least an hour a day doing?

Reading of course. (No, this doesn’t necessarily mean you should be reading a lot we’ll discuss that in a minute).

What are they effectively doing when they read?

Learning from others.

Look, you could try discovering everything for yourself fresh and be slow or you could learn from others and speed your learning up dramatically.

This is the shortcut but we’re going to describe some specific ways to be ridiculously effective at it.

Start by realizing though if you need to learn something the best way is to start by looking outside yourself to an expert to learn.

Make a habit of asking yourself, “who would know about this?” “Who has mastered this?” “Who could teach me how to master this?” “Who does an amazing job at this?”

Good artists borrow. Great artists steal.

– Steve Jobs

The first lesson to learn to be faster isn’t to start by trying to learn from others, it’s to outright copy them.

Let me give you some examples.

Want to design a great website?

You could hire a design team and spend a fortune, you could split test works, etc. and at some point you will, but don’t start there.

You could look at a lot of other sites as reference to determine what to build for yourself.

Or you could do one easier - you could tell your designer to copy exactly down to the last detail an amazing site someone else has built whose design you could use.

I promise you this will save you a fortune, save you tons of time, save you tons of headache and probably give you a better result.

Of course, once you’ve copied it exactly you’ll set about modifying it to suit your needs but start by copying.

This is one of the most common cases I run into with clients they’ll have say poor design, poor scripts, poor targeting, etc. and we speed them up a lot and enhance their learning simply by finding someone who does it well and copying them especially if there’s a great example in another market.


Get Someone Who Can Explain How It Works

Steve Jobs had an early mentor in marketing.

Warren Buffett had Ben Graham in investing.

You might say “these are mentors” but let’s get clear on what these individuals had in common different from some conventional mentors.

These were individuals who were able to explain HOW to do it.

See, you ultimately need to go beyond copying and learn what what it is that makes what you are copying successful. We call this modelling.

The limitation of copying is it’s contained within a certain context and if the context changes your results can evaporate.

What you want to do is understand the process and models behind the work of masters and copy that so you can extrapolate their results into other situations at will.

This brings us to one of the most important and under appreciated lessons:

Those who are great at something often aren’t great teachers.

There’s nonsense spread out there about only learning from or listening to people who have certain results but this isn’t accurate, it’s a distortion.

If this was the case, Bill Gates wouldn’t be learning from anyone about business or money and Warren Buffett would only be learning from Gates but they both read constantly and learn from others constantly so they aren’t following this advice.

What’s much more accurate is a great teacher will build a mental model to help you understand how those who are more successful than you operate.

This skill of being able to break down and understand what someone successful is doing and compare it to what you’re doing to provide you with deep insights will dramatically accelerate your learning.


Being a Great Student

What sets those who get great results from mentors apart from those who don’t? (Research shows it’s not a universal advantage).

Simple, being a great student.

This leads us to the final three points:

  1. Apply yourself aggressively to implementing – not only will you get better results, but mentors love mentees who implement, it’s very rewarding.
  2. Don’t rely on the mentor but look to getting the answers yourself then bounce it off them to speed up the process.
  3. Build a mental model of how the subject works to get predictable results based on what you learn from mentors and observe from masters you are copying.

Let’s talk quickly about that last one, as it is probably the most overlooked of the three and in fact the most overlooked in learning in general.

Reality works according to various laws there’s a degree of predictability to it based on cause and effect though sometimes identifying those cause and effect relationships is hard.

If you want to do exceptionally well you should go to the root of what you’re doing and understand those relationships.

This process requires reflection and it requires looking at a lot of sources to find what they have in common vs what they have that are different to determine patterns then come up with ideas of how it works and test them against the real world.

If you do this because so few other people do it, you’ll be leaps and bounds ahead of others. In fact, it’s what we’ve done to develop the Richucation curriculum and has given us such an edge over the learning of others so we can teach wealth building concepts fast, easier and more reliably than others.

If you’re looking for sources to help you understand and grow in the areas of wealth and business reach out to us.

If you’d like to learn more about learning faster check out our training on Value Mastery.

​The 5 Stages of Business that Will Make Your Business Grow Bigger, Faster, Easier

5 Stages of Business

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Are Business Coaches a Good Idea?

Today we’re going to discuss an interesting topic, are business coaches a good idea?  The discussion is prompted by a comment a business owner recently gave to someone advocating business coaching in response to “what was he doing to keep more money every month to build wealth?”  His response was “I now keep $4000 each month rather than giving it to a business coach”.  It’s an interesting point is a business coach just another expense or does he/she provide real meaningful value?

Generally, the people talking about this stuff are the coaches, authors, speakers, consultants, etc. those who have an invested interest in you paying for their services and that of their colleagues.  On the other hand it can’t be denied that top athletes all have coaches is that just a sports phenomenon?  Or have the sports coaches pulled the wool over the eyes of the athletic community?  It’s also noteworthy that major business leaders (former Google CEO Eric Schmidt is one of the most prominent examples of someone who publically advocated it as one of the best pieces of advice for a business leader).  Then again maybe that applies for high level business leaders and athletes and not those starting out?

It’s certainly undeniable that coaching can be a significant expense for a small business owner where $1000-$10 000 per month can make a huge difference.  By contrast for a company like Google affording a coach is really a non-issue it’s more a question of the leader’s time and focus than the actual monetary cost and the gain can be phenomenal because it’s leveraged over a much larger organization.  But is this an argument against coaching in low level business?

The simple answer is “it depends” on both the coach and the person being coached.  If you’re not coachable then having a coach is a waste of money.  There are also a lot of crap coaches out there and business tends to suffer a higher percentage of them than sports.  What’s the problem?  The process.  If you look at a professional athlete the way they are coached is the coach runs them through drills over and over, observes what they are doing and corrects.  In the case of business coaches most tend to operate by meeting with you every so often, sitting down to talk about the business generally with no hard data such as actual numbers and ask you questions to try to get you to do something different.  Not very surprising when the process is less effective than it is in athletics since sports coaches are generally training you the way you actually get better at things, business coaches are often like a friend discussing business issues with you, not that this can’t be effective but it tends to be less effective.

If you’ve got a great coach the coach can be worth their cost many times over.  Why?  Because it can drastically shortcut your learning, which is the most costly and difficult part of success for most people.

So how do you select a coach that’s going to be worthwhile?  Focus on someone who has already solved (either themselves or with someone else) the problems you are facing, someone who can tell you “hey this is what you need to do right now and here’s how to do it”.  That kind of insight is immeasurably valuable.  Want to rank on Google?  You better have someone who can look at your webpage and tell you specifically the exact fields that need to be changed, what they need to be changed to, and how.

Next, if you’re going to get a coach get someone who will delve right into the metrics of the company with you and provide those metrics.  Someone who expects to sit in a boardroom across the country somewhere spilling out advice without direct information about your business isn’t the right person.  If you’ve got a problem with staff you want someone who can spend time in the environment with the staff and make an assessment.  If they are going to coach you on how to manage and lead those staff members they need to be able to watch you do it not just hear about what you think happened but observe it directly.

Of course all of this means nothing if they aren’t going to hold you accountable and you’re not going to trust them and do what they say so make sure you’re coachable.  If you put all of those together a great coach can be one of the best investments you’ll ever make.

If you’d like to learn more about about how to select a good coach or how to make the most of a coach or have any other business or wealth building questions please contact us by clicking “Ask a business question” floating at the bottom right of your screen.