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Who Succeeds When Circumstances Change?

When circumstances change, some people will adjust quickly and be successful, while others will be paralyzed from taking action. When the world changed in 2020, some entrepreneurs immediately took advantage of existing technology and found success in a new way of doing things, while others were left behind. In this episode, Dan Sullivan and Shannon Waller discuss and explain the vital differences between these groups of entrepreneurs.

Here’s some of what you’ll learn in this episode:

  • Why entrepreneurs are generally more quick-acting and adaptable than others.
  • What led to some entrepreneurs failing to adjust when the lockdown hit.
  • The mindsets held by those who have become the best at using virtual conferencing.
  • How being compelled creates a simple situation

Show Notes: 

  • More control: Since entrepreneurs have more control over their lives, they don’t have to ask anyone’s permission to do something new and different.
  • Highest level: In a new situation, people default to their highest level of previous preparation.
  • Status paralysis: If you reach a status where nothing’s needed for improvement, you stop experimenting and stop learning new things.
  • Only way: Virtual conferencing became not only the new normal way to do things but the only way to do things, when the previous normal was no longer an option.
  • Already extended: The people who best made the shift to virtual conferencing had already been extending the capability of virtual conferencing as far as they could.
  • No alternatives: When your alternatives get taken away, you simply have to go 100% with what’s available.
  • Less novelty: The more prepared you are, the less novelty there is in adapting to new alternatives.