Omar Usman – The Dip Seth Godin 3 Things I Learned

Omar Usman
AI: Summary ©
The speaker discusses three key factors for winning a big win: sticking with the right stuff, finding a niche where one has a unique value add, and narrowing down experiences to achieve long-term success. They emphasize the importance of strategic quitting and continuous improvement, and emphasize the need to work harder to attain a certain level of success. The speaker also highlights the benefits of learning from a dip and gaining mastery through hard work, and the challenges of riding out a dip and the importance of having a clear goal to achieve success.
AI: Transcript ©
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In this video, I'm sharing 3 things I

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learned from the book, The Dip by Seth

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Godin.

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This is a book about

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quitting the wrong stuff, sticking with the right

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stuff, and having the guts to do one

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or the other. It's really a book about

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making sure you don't fall into the trap

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of mediocrity

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and having the impatience that's needed to get

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rid of mediocrity and the patience to avoid

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that problem in the first place.

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So the first thing I learned is that

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winners win big

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winners win and winners win big.

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The person that's in 1st place

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or has usually a disproportionate

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advantage to everybody else.

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Think about when you go to a new

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town or a new city

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and you want to try the best steak

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restaurant. You go and you look on Yelp,

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you look at other places to find the

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best.

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And that one that's the highest rated

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gets the most amount of attention

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exponentially more than even the restaurant that's maybe

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2nd place or 3rd place, not to mention

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all the 100 of other restaurants.

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It's the same when you're on Amazon

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and you need a kitchen gadget or something

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for the house. You go and you look

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it up, and you tend to automatically buy

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the one with the most amount of 5

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star reviews. We don't tend to do a

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lot of research. We don't tend to do

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a lot of digging.

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We want to simply go and get the

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best. So the one that's at the top

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has a disproportionate

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advantage

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to getting compound results. This is especially important

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to understand when we have infinite choice when

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it comes to nearly everything,

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whether that's podcasts,

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videos, books, businesses, services.

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There's infinite choice with everything, and so that

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creates a scarcity for the one that's at

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the top. One thing that that means for

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us is that

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mass appeal, mass market, those types of things

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are much more difficult to conquer. But what

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we can do is look for micro markets

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where we have a niche.

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Where is an area where I have a

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unique value add that I can be at

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the very top? There might it might be

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a very specific niche, but I can find

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something

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where I have the potential to be the

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best at something more than anybody else. And

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so Seth Godin says, find that one thing.

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Quit the other stuff. Quit the stuff where

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you're only going to be average or above

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average,

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and look to make your impact where you

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can be the best.

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The second thing I learned is that strategic

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quitting

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is a good strategy.

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We've all heard that phrase, quitters never win.

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Well, that's not true.

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What winners do is they know when to

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quit. In fact, they might be serial quitters.

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They might be quitting

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very constantly at things that they know that

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they're not going to be able to be

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the best at. What's important is to is

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to identify

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when you're strategically quitting and when you're quitting

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just because something got hard. Most people quit

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when something becomes painful instead of riding it

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out, and that that's the point of the

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dip. Making that decision, though, comes down oftentimes

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to short term versus long term planning.

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If you're quitting because of short term pain,

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that's probably not the right route.

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When you quit, think about the long term

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object objectives.

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That is this thing that I'm working on,

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this project that I'm taking on, maybe the

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skill that I'm

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learning, is it serving me and being the

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best at this one long term goal that

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I have? If it's not, then I know

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that I need to leave it behind. One

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thing that's interesting about this concept is that

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it it also shows a maturity of thought.

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See, when we're younger, for example, we tend

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to experiment with a lot of things. So

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you take a typical college student. They might

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be changing their majors multiple times or volunteering

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for all different types of organizations, and that's

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great. That's good. We want to get experiences

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as many different things as possible.

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But at a certain point, you have to

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start narrowing those experiences down

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and figuring out where you want to gain

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mastery.

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And mastery requires

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quitting and saying no to all of the

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other things

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so that you can develop the get the

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long term win of being a master in

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that niche that you've identified.

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The third thing I learned is how to

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ride out that dip. And you see here

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these little these graphics from Seth Godin's book.

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And it shows you the

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that oftentimes the results,

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they come after riding out a dip. We

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have a little bit of beginner's luck, so

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to speak. We see rapid gains. So the

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first time you learn something,

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just going from 0 to semi proficient, you

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you gain a lot of quick wins. And

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so it feels like you're doing great. But

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once you get those basics down, there's a

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plateau or there's a dip where it gets

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much harder,

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where the progress comes much slower.

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And that's the point where a lot of

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people leave and they quit that thing. But

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if you can ride that dip, that moment

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of difficulty, the moment where things are getting

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really tough, and you keep pushing through, and

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at this point, you have that resiliency,

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then you push through and get to the

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other side,

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and then you get those exponential that exponential

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level of results.

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See that beginning is fun, and you have

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rapid learning, and then you get to that

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hard part. But it's breaking through the hard

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part that lets you have mastery. One good

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example to think about is weed out classes

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in school. When someone is going down the

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path of a difficult major, there's sir certain

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classes in your 1st or second year that

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end up being a weed out, that the

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students that can't make it through that class,

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they know are not qualified

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to go much further down the path. One

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thing that Seth one thing that Seth Godin

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says is that successful people

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don't just ride out the dip. When you

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see yourself facing that dip and things getting

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difficult,

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that's when you have to double down on

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your effort and work that much harder in

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order to get through the dip. It's not

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going to happen automatically.

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Once you get through to the other side,

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that's when you have mastery. That's when you

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become the best. And that's that's where you

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attain that level of scarcity.

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Because the harder it is to get through

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the dip,

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the more of a competitive advantage that you

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have. The more that you're willing to to

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do the work needed to get through that

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difficulty,

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the less number of people there will be

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on the other side. So once you get

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to that other side and you gain that

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mastery,

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you gain all those benefits of being at

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the top. There are some pitfalls that we

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fall into. Seth Godin highlights 2 of them

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here, the cliff

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and the cul de sac.

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And the cul de sac is a dead

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end that keeps you from doing something else.

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You're just going in circles. And a cliff

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is that thing that you can't quit until

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you fall off, meaning that you're just gonna

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push, push, push, and there's not going to

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be a reward at the end. And the

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biggest obstacle to our success is our inability

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to quit these curves as soon as possible.

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And usually, that happens because

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quitting it is going to rock the boat.

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It's going to cause some type of difficulty.

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So so to avoid

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some type of short term pain or short

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term hassle,

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we we ride it out thinking that we're

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being resilient, and patient, and and putting in

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the work, when really we're on a journey

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to nowhere. So it's important

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that you have that end goal in mind

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of where you want to go. That's what

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enables you to realize

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whether the dip is worth riding out, or

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whether you're going to keep spinning yourself in

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circles.

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The hard part is is you're not going

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to know

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whether it's a dip or a dead end

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right off the bat. But the important thing

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what and what Seth Godin says, he says,

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is not to know the answer, but it's

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to constantly be asking that question.

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That, okay, things are getting more difficult. What's

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going to happen if I make it out

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to the other side? Have that awareness of

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always be asking yourself that question to gauge

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where you're going. So that's it. That's three

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things I learned from the book The Dip

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by Seth Godin.

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Those of you who've been watching my videos

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can see that, obviously, I'm trying out a

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new format.

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This is a little bit easier for me

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to do to make videos, and I thought

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the visuals might help. Please let me know

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in the comments. What do you think? Should

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I go back to the old format with

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just the talking head, or do you like

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this format better? Let me know, and as

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always, please share the video, subscribe, all that

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good stuff. See you in the next video.

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