Peter Diamandis and Dan Sullivan discuss the power experimentation within and between fields.
- Experimentation is fundamental to success.
- Rapid experimentation through pulsing products is the best way to create great products.
- You no longer have to spend a fortune on obscenely expensive consultants and rely on luck.
- Come up with an MVP, and put it out know the world. This is how Google operates.
- Significant metrics from the very beginning. Week and day cycles of Experimentation.
- Jeff Bezos – success in Amazon is a function of the amount of experiments they do per year.
- Google is a huge company. If they can do it, so can any company seeking success.
- Also make sure that your test subjects give a representative view of the bigger market.
- “You don’t have to get it right, you just have to get it out there right away.” – Dan Sullivan
- Iterate your ideas with check writers.
- Experiment with conviction. That sells courage.
- Fatality – falling in love with your idea before the marketplace does.
- The people in your company are gold – they are the crowdsource for your next great success.
- Break your employees into teams, and give the teams a challenge to improve some facet of your company. In a few weeks, see what these diverse teams come up with.
- This is fun for employees, and these are the challenges that they think about even in their free time. They happily spend the mental energy on it.
- Instead of trying to keep up with technology, just learn about experimentation.
- Always learn about new methods to experiment.
- Embrace failure, celebrate it, and learn from it.
- Google isn’t smarter or getting it right. Google is ripe with failure, more than success. But they test all ideas possible and quickly let go of the bad ones.
- For a couple of rock star successes, you need to have a hundred times as many failures.
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