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So You’re an Elite Performer? Maybe, And Maybe Not.

MTF

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I recently attended a freediving workshop with one of the best freedivers in the world. He’s been a world record holder in the hardest discipline of freediving for over 15 years, with nobody ever coming close to contesting it.

While I completely sucked at the workshop, embarrassed myself and began questioning whether I should even continue with this sport, there was one big lesson I got out of it.

Namely, true elite performers are wired completely differently than a regular person. COMPLETELY differently. And whatever notions you have, you’re probably still missing the mark. If you think you’re an elite performer, you’re most likely fooling yourself.

Here are just some of the things that were completely normal to him:

1. He shared an extremely hard training table for freediving that is so hard that your brain pretty much shuts off while doing it as you’re in a constant state of wanting to breathe. I tried a version of it that was probably at most 0.1% as hard and failed in the first minute.

Just to give a rough comparison with an easier to understand sport, it would be sort of like doing an all-out sprint for 20 seconds, taking 5 seconds to rest and doing it again—and continuing so for 30-40 MINUTES, each time maintaining the same proper technique and speed.

He recommended doing this table at least 2-3x a week.

Someone asked: “I assume you reduce the intensity of this table so you can do it a few times a week?” He replied: “You assume wrong. I do this table 4-5x a week, each time all-out, for months on end when preparing for a competition.”

And I know he’s not bullshitting because he has a track record to prove it. So imagine doing the hardest possible workout you can do that makes you hate your life and then doing it 4-5x a week your entire life.

2. He’s been testing every single tiniest thing in freediving throughout his entire career. Whatever someone asked him, he has tested it extensively. Exact timing of every movement in relation to another movement. Exact position of every single body part. 0.5 second adjustments to his training to make it even harder.

He created a technique (which he demonstrated live) in which he was able to drop his heart rate from 78 bpm to 36 bpm in a matter of seconds. It was crazy to watch because on the outside nothing was happening. He was hooked up to a precise pulse oximeter so everyone could see his heart rate and oxygen saturation (which stayed at a constant 100%).

In slightly colder water he noticed that his speed of freefall (when you’re deeper, you’re negatively buoyant and are falling) was slightly slower than in warmer water. So he learned that cold water has slightly more density which makes him just a tiny bit more buoyant. He calculated exactly how much weight to add to his weight belt to counter that effect (about 300 grams) and keep his freefall speed consistent across different diving locations.

He came up with some incredibly dangerous exercises that subject your body to the same crushing forces as if you were at up to 300 meters of depth (it’s all done dry, with your own body). He doesn’t even share these exercises publicly (only privately with the top freedivers) as he doesn’t want to be responsible for some serious injuries if an untrained person does this.

3. When he began freediving, he got so obsessed with training that he tried to stay in a hypercapnic state the entire day (hypercapnic means you have increased carbon dioxide levels in your blood; carbon dioxide levels go up as you hold your breath and this makes you have an urge to breathe).

So he was constantly counting his breaths, under-breathing, and aiming to have no more than 5 breaths per minute. For hours. Every day. All so he could get better even when he wasn’t diving.

Now, What Does This Have to Do With Business?

If you think that you’re an elite performer, think again. Unless you display the same crazy level of obsession, you’re not playing in the same league. Not even anywhere close to it.

Yeah, maybe you’re better than an average person. But this doesn’t make you elite. Most likely, in the grand scheme of things, compared to that guy, you’re still closer to that lazy fat slob on the couch than to this guy. He’s that good, and so is every single true elite performer.

Now, I don’t mean it in a negative way, to lower your expectations or stop being ambitious. Perhaps you really ARE that elite performer and if you are, that’s awesome.

I’m sharing this to offer a few thoughts for a discussion:

1. Meeting a true elite performer can humble you and inspire you to step up your game. There’s a reason why you always want to be the least capable person in the room (I definitely was in that workshop, and failed dramatically).

You can only look up. You’re not getting any satisfaction from being better because everyone else is miles ahead of you. Your standards are transformed and you see what’s truly possible. Stagnation is not acceptable. The only way is up or else you’re out of the group because you won’t keep up.

2. Or meeting a true elite performer can discourage you from further trying when you realize how vast the difference is between a regular mortal and the best of the best. This in itself signals that you’re probably NOT an elite performer at heart (otherwise it wouldn’t discourage you; you’d just use it as fuel to go harder).

3. If you assess that objectively you’re incapable of ever getting remotely close to the elite performer or unwilling to put in the work to get there, you need to evaluate your capabilities and see where you can win.

This of course depends on the context. If you’re running for basic fitness, you’re not going to give up just because you can’t ever beat Usain Bolt or Eliud Kipchoge. In the same way, a weekend warrior at a bouldering gym can’t compare himself to Nirmal Purja.

But if we’re talking about business and making any considerable amount of money, entering any field where you’re dealing with multiple elite performers all but guarantees failure if you can’t ever objectively match their work ethic, capabilities, and resources.

4. So what are we left with if you want to win?

You pick wide fields with fewer elite performers or ideally, fields where nobody is truly obsessed about them.

This is one of the core reasons why it’s so hard to win in any industries where people are extremely passionate about, such as the film industry, music, sports, etc. People absolutely love these things and many are capable of practicing virtually 24/7. Good luck winning against people who have been essentially bred to become top performers. Unless you’re absolutely sure you’re of the same stock, you don’t stand a chance.

5. In business, for those who realistically know they’ll never be elite performers, this leaves us with:
  • Opportunities that aren’t related to an obsession. If you want to make woodworking products, there’s probably a guy who spends 14 hours a day woodworking who will outcompete you. In contrast, you’re unlikely to encounter a true elite performer offering a service for septic tank cleaners because nobody is that obsessed about it. Same goes for your typical boring but essential services like waste management, gutter cleaning, or towing.
  • Probably skip any content-based or software-based businesses. Both attract thousands of true elite performers (think Mr. Beast for video or any egg-headed Silicon Valley developer programming 18 hours a day). Many inspirational stories come from these fields and yet these are the ones where the survivorship bias is one of the strongest (“Mr. Beast succeeded so I can, too,” discounting millions who failed).
  • If you still want to go after fields where elite performers are common, specialize in something that doesn’t interest a wider audience but still addresses a painful need. You won’t beat a company made up of hardcore surfers selling surfboards. But you may specialize in selling gear for cold water surfers because much fewer people are obsessed about surfing in cold water.
  • Another way is to go after a more local market. Even in crowded fields, if you change your competition from global to national, state, or city-wide, you’ll automatically dramatically increase your chances of winning. For example, if you don't come from an English-speaking country, you may never outcompete Brandon Sanderson in writing fantasy and sci-fi but you may win in a smaller market such as Poland, like Andrzej Sapkowski (the creator of the Witcher).
Prior to the workshop, I had studied countless elite performers but only through books, podcast interviews, etc. There are many online gurus, authors, podcasters etc. talking about elite performance but in reality very few people are at this level. Getting to know one in person has dramatically changed my perspective on the top performers. It has made me realize that I’ve never been one and am unlikely to ever be one as I have too broad interests and I'm too weak.

Have you ever met any elite performers? What were they like? What have you learned?
 
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Fox

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I think business is a lot different than sports.

You can't accidentally become a F1 driver or the worlds best soccer player.
The rules are so defined and the competition so intense.

People train their whole lives to compete against someone else for the exact same prize, under the exact same conditions. You aren't going to have much "luck" since every small margin is already well mapped out.

But business has so many gaps. Markets and demands are always changing and new opportunities open all the time.

The first "online success" person I ever met was this dude in South America. And he was a total disaster.

He was late 20's, had a drinking problem, and would always get us kicked out of bars. If you think of elite focus and discipline... this was not it. (Still a super fun and legit dude).

But he had still succeeded. He taken a course on software ideas, had made a basic software that did animations for businesses, and had put it online for affiliates to team up with him.

And it absolutely crushed it. Did like $5-6m sales in two years.

Right product at the right time to a hungry new audience who wanted to buy.

This is why I think the analogy of the gum ball machine is so fitting. It is 50% just showing up day after day and putting in the work to make something succeed. To me that isn't "elite", it is grit.

Can a bunch of personal work help? Of course.

Is it needed to win... not at all.
 
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I agree with your idea of what a true high performer looks like (superhuman skills, insight, obsession, etc.), but I don't agree with your conclusion on how this applies to business.

Unless you're purely a solopreneur who insists on doing EVERYTHING by himself, you don't have to be a world-class performer at your trade.

Actually, let me rephrase that:

Being the most skilled person in the world is not only completely unnecessary, but it actually could be harmful to your long-term progress.

As a business owner, your job is to see the big picture and steer the ship in the right direction. A single decision can save or cost your team thousands of hours of work. A single decision could also steer your ship toward the iceberg.

Being a true master of a particular skill is going to distract you from your main duty as the captain.

You will always be tempted to get your hands dirty and start tinkering with whatever your company is producing, instead of leading your team as an effective leader.



The first example that comes to mind is Steve Jobs.
  • 0 skills as an electrical engineer.
  • 0 skills as a software developer.
  • Multi-billion dollar tech company.

How is this even possible?

Good captain:
  • Superior vision
  • Superior leadership
  • Obsession with product quality
 

MitchC

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Great thread, I think the takeaway should be to get around some people like this so you can see adjust your mindset and work ethic baseline after seeing what insane execution really looks like

I disagree about the rest though

Very few businesses are you directly competing, and especially directly competing with someone this obsessed

And even if you are I think there’s still opportunity for you to approach it your way

Different is better than better

If you are directly going to compete with a business, you want to pick who you are going to compete with wisely, but that’s kind of obvious
 
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heavy_industry

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A fat slob binging on potato chips will be a fat slob binging on potato chips. If that is who he is he was never supposed to be someone else.

Similarly a happy janitor was never supposed to be a enterprise owning billionaire. They are happy being themselves.

The mix of things that excite you the most will create who you are.

You will never being able to deliver if you're not excited by what you do.
And you can only be yourself if you do things that excite you. If it doesn't excite you, it means it's not who you are or what motivates you.
The reality is that you are not yourself, and lying to yourself that you are someone you are not. Because you assume being you is not good enough.

A cherry tree cannot become an apple tree. He can put some makeup and appear like it, but then he is just lying to himself.
Instead of trying to sell apples, he should sell what he can sell best: cherries.

Not to invalidate any other belief systems, but this is how I see it, and it is perfectly reasoned from my perspective.
"Just be YOURSELF and be happy" is very naive and stupid advice, for a number of reasons:

1. "Yourself" does not exist​

There is no "real self" deep down waiting for you to discover it.

We are what we did in the past. And in the future, we will be what we do today.

All thoughts, all emotions, all actions have accumulated into what "we are" today. This is a reversible and dynamic process, and the outcome is never set in stone.

There is no fate and there is no destiny.

We can become anyone we want. And we can craft this life into the most beautiful thing we can imagine.



2. The market doesn't give a shit​

Nobody cares about your inner pathetic self-discovery journey.

Can you deliver value? Yes or no?

If yes, here is my money - and I don't care who you think you are, what are your hobbies, or what makes you warm and fuzzy inside.


3. Who "you are" might not be enough​

If YOU - "who you are" - has picked up addictions, pathological ways of thinking, or maladaptive behavior, giving someone the advice of "just be you" is the most evil thing you can do.

Maybe you're not enough.
Maybe you're an idiot with self-destructive tendencies.

And maybe - just maybe - you may have the ability to stop and move in a different direction.

You may use the human superpower of CHANGING ONSELF.

As Darwin said it (misquote - he did not say this, thanks MJ!), the ultimate survivability trait is neither strength nor intelligence - but rather flexibility and adaptability. Your ability to change in response to environmental feedback.

But to use this superpower, you need to accept one simple fact:

"REAL YOU" DOES NOT EXIST.

You are the person that you practice being.
 
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amp0193

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3. If you assess that objectively you’re incapable of ever getting remotely close to the elite performer or unwilling to put in the work to get there, you need to evaluate your capabilities and see where you can win.
This is why I quit music.

I wanted to be a orchestral bass player in a top orchestra. I was one of the best high school players, and went to college to study with the best bass professor and was practicing 5 hours a day, every day, on top of my coursework (I often fell asleep at 2:30am in the practice room).

Then one day I realized the adjunct professor teaching my orchestral excerpts class has 20 years experience on me and knew the entire literature by heart and could play it all to near perfection. I was playing on a $12,000 bass. He was playing on a $120,000 bass.

And he still didn't yet have that dream job he (and I) were aspiring towards. Meaning, whenever such jobs were open to audition, I'd be competing against him (and others like him)

Reality sunk in, especially as orchestras were closing down and losing funding in the wake of the 2008 recession.

I decided I wasn't willing to sacrifice what it would take. Cobbling together a living through a mish-mash of music playing and teaching gigs, probably making 35-50k a year for 20-30 years as I tried to increase my skills to a point where I was in the top 0.1%, with a good chance I would never get there at all.

So I found something else to do where I could legitimately have a shot at being the best in the world because so few people are doing it.
 

MitchC

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Okay, I understand your point now. If you have no other options then sure, you'll go with good enough. But if you do have options, there's usually only one elite performer/company who can satisfy what you're looking for.

So if you're not an elite performer, I guess it's also in some ways a matter of positioning yourself in such a field that your potential customers are fine with a product that does the job but isn't objectively the best.

Sort of like selling good enough hiking gear for people who spend time outdoors every now and then vs people who explore the remotest and most dangerous parts of the world where they need the most elite gear possible to improve their chances of survival. In the latter, you do need to be an elite performer or you can be responsible for someone's death. Same goes for, say, aviation. I wouldn't want to fly in a "good enough" plane lol.



I fixed it for you ;)
You are comparing the best free diver in the world to business

The best businessmen in the world are Steve Jobs, Elon Musk, Zuckerberg etc

Your goal is to make a few million so you can buy a few homes around the world

You wouldn’t even make a local rich list let alone best in the world rich list with money like that

Are you going to tell me all of those guys who have enough for 3 houses are obsessed like the freediver?

I think you are overthinking things

And no I’m not saying someone will deliberately buy a worse product, but they will buy a different product, they will buy your version of the product the way you create it

Your writing is objectively better than mine but mine is still different, no one can spew out my nonsense thoughts on this forum the way I do

And you took the bait perfectly with the android apple thing, they aren’t better than each other, they are different

Let’s take writing as an example, there’s no best newsletter, or best podcast, or only rank 1 on google for every single term gets every click and they’re all from the same person who’s the best writer

Short form content too

There’s no best creator, there’s no best video

Or hardest working most obsessed creator

People create videos in their style whether it takes 2 minutes or 2 days is good or bad, doesn’t matter people watch it and enjoy it, some like Mr beast, some like brg

Imagine if someone made the best song and everyone only listened to that song

Products and businesses are the same

It’s not billionaire or trillionaire Fastlane, we’re only trying to become millionaires here and speaking of that there’s not even a best social media app and they’re all billion dollar companies, they’re all just different

Also by good enough I’m not saying produce shit. You would fly in a good enough airplane, there’s no objective best airplane, or airline.

Hell boeing isn’t even making good enough planes and people are still getting on them.

Virgin is a good example of this, Richard Branson picks industries that he thinks people are doing the wrong way and does them differently. It’s what I describe when I say different and good enough.
 

MJ DeMarco

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This is why I say "Balance is bullshit" if you want to be at the top of your game.

Balance = Middle. Middle = mediocrity.

Want to be elite? There is no balance.

Want to be better than average? Then wander into periodic imbalance, with periodic retreats into balance. This is pretty much how live, I have chapters of great obsession and imbalance, then go back to balance.

When you commit to obsession as a lifestyle choice, that's how you end up sick, mentally ill, and divorced 3 times with half your children hating you.
 
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Fox

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It’s crazy that you can write a thread this good on a random topic.

You got to figure out a new business model where you can connect these writing skills.

I know you don’t want the work but I would hire you as a content writer in a second.

And ya great points - this was a super interesting read.
 

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Okay, I understand your point now. If you have no other options then sure, you'll go with good enough. But if you do have options, there's usually only one elite performer/company who can satisfy what you're looking for.

So if you're not an elite performer, I guess it's also in some ways a matter of positioning yourself in such a field that your potential customers are fine with a product that does the job but isn't objectively the best.

Sort of like selling good enough hiking gear for people who spend time outdoors every now and then vs people who explore the remotest and most dangerous parts of the world where they need the most elite gear possible to improve their chances of survival. In the latter, you do need to be an elite performer or you can be responsible for someone's death. Same goes for, say, aviation. I wouldn't want to fly in a "good enough" plane lol.



I fixed it for you ;)
Your fixed quote shows that even being "the best" is relative.

I'll argue that the only thing that matters is that you solve a problem. Loosing the business "competition" doesn't mean you get nothing, it means your Samsung and not Apple.
It means your Frankfurts second largest Cleaning business.
Or the fifth largest.

That may still be millions a year.

Enough stupid and lazy people have gotten reasonably successful, therefore I know that I can become as successful as I need to be by being just a above outstanding and far below incredible.

Top 1% means you need to beat 100 people. 80 of them aren't even trying and 15 are stupid. I can beat 4 other people that are trying.
 

MJ DeMarco

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As Darwin said it, the ultimate survivability trait is neither strength nor intelligence - but rather flexibility and adaptability. Your ability to change in response to environmental feedback.

Darwin never said this as it is one of those internet misquotes that continually get repeated. Nonetheless, the statement is quite true.

A fat slob binging on potato chips will be a fat slob binging on potato chips. If that is who he is he was never supposed to be someone else.

Similarly a happy janitor was never supposed to be a enterprise owning billionaire. They are happy being themselves.

The mix of things that excite you the most will create who you are.

You will never being able to deliver if you're not excited by what you do.
And you can only be yourself if you do things that excite you. If it doesn't excite you, it means it's not who you are or what motivates you.
The reality is that you are not yourself, and lying to yourself that you are someone you are not. Because you assume being you is not good enough.

A cherry tree cannot become an apple tree. He can put some makeup and appear like it, but then he is just lying to himself.
Instead of trying to sell apples, he should sell what he can sell best: cherries.

Similarly you will only find the most pressing and most specialized need in any area if you go deep into it.
And you only go deep into it if it's something you would naturally do anyway by being yourself.
This is a form of barrier to entry. By being YOU, you have a natural barrier to entry, you have a specialized knowledge that no one else can copy unless they are an exact copy of YOU.

Not to invalidate any other belief systems, but this is how I see it, and it is perfectly reasoned from my perspective.

This reads well with reason.

And it makes sense.

I almost feel my heart warm as I read it.

But it is all philosophical, idealistic claptrap that fails at reality.

Theory like this works in textbooks and popular self-development books that preach following passions but it doesn't work in the real world.

For every 1000 people who believe this hogwash, 1 will succeed. And the other 999 will get eaten alive by a market who doesn't give a shit about what you feel about your inner self. And then after learning the harsh truth, they join the communist party hoping they will get paid millions to drum melodies on empty Home Depot buckets.

Sorry.
 

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I kind of wonder how much you can adjust your mindset and work ethic if you aren't a true elite performer. I mean, it's all fine to spend a day with a person like that but realistically, how much can you improve if you haven't been this obsessed until now?

Maybe you're in the wrong field if you aren't this obsessed. Or maybe you just don't have it in you to ever become one.

I imagine that you'd need constant exposure and interaction with such individuals to really make a big difference in how you operate (as a result of a long process of osmosis) instead of meeting them just once.
I agree you’ll never be this obsessed by reading a book, taking a course or being around someone who is, there’s no amount of motivational videos and pre workouts that can turn you into this, but it will still lift you up

I agree too that if you pick something you are obsessed with like this you’ll do better than something you aren’t

Where I think we disagree is that I don’t think it matters

Good enough is good enough

Do what you like

Do what you are good at

Do things in your own unique style

Do your best

That’s all that matters

No one can do what you do in the way you will do it

Different is better than better

Apple exists yet people still buy shitty androids

There’s probably some objectively best shoe or t shirt out there yet there’s also someone with their own unique designs happily selling them to people who resonate with them

I just don’t think it matters that much

It’s not this much of a competition

Build a business your way how you like it and how it suits you
 

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Some great responses, another GOLD by @MTF.

Top 1% means you need to beat 100 people. 80 of them aren't even trying and 15 are stupid. I can beat 4 other people that are trying.

Love this.

It's not terribly hard to be top in the 10% when the 80% aren't even trying and have given up on life , secured by the easy excuses culture offers, all while making them feel good about it.
 
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Andy Black

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I think business is a lot different than sports.

You can't accidentally become a F1 driver or the worlds best soccer player.
The rules are so defined and the competition so intense.

People train their whole lives to compete against someone else for the exact same prize, under the exact same conditions. You aren't going to have much "luck" since every small margin is already well mapped out.

But business has so many gaps. Markets and demands are always changing and new opportunities open all the time.

The first "online success" person I ever met was this dude in South America. And he was a total disaster.

He was late 20's, had a drinking problem, and would always get us kicked out of bars. If you think of elite focus and discipline... this was not it. (Still a super fun and legit dude).

But he had still succeeded. He taken a course on software ideas, had made a basic software that did animations for businesses, and had put it online for affiliates to team up with him.

And it absolutely crushed it. Did like $5-6m sales in two years.

Right product at the right time to a hungry new audience who wanted to buy.

This is why I think the analogy of the gum ball machine is so fitting. It is 50% just showing up day after day and putting in the work to make something succeed. To me that isn't "elite", it is grit.

Can a bunch of personal work help? Of course.

Is it needed to win... not at all.
I was going to say this before but forgot: Getting a world record is winner-takes-all. Getting the Olympic gold is winner-takes-all. Business mostly isn't winner-takes-all and often isn't even a zero-sum game.
 
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No, learned it through my own experience, while also noticing that peak performers, or the elite, as you call it, usually have extremely dysfunctional personal lives or mental issues, from 10 divorces to estranged children that want nothing to do with them. I won't go into names as such people here tend to be worshiped.
I’ve learned that I can only do one thing well at a time. That’s why one year would be 100% concentration on growing business and a little lax on health and working out. The next year, I would concentrate on health and let the business go on cruise control.

Regarding being an elite performer, I always knew that I was not one. Me and @snowbank once talked about hiring A performers for our businesses. When we asked each other if we thought we were A performers we both gave ourselves a B-. It’s good to know where your limits or should I say the limit of our efforts are.
 

Robdavis

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@MTF

When I was younger I met a family friend a couple of times. (He's passed away now) He was a competitive sailor with an Olympic Gold and Silver medal. He was very competitive, but he could turn it on or off. So when he wasn't training or racing, he seemed like a perfectly normal guy.

He would pay huge attention to details. A couple of the things he would do for major events, eg. Olympics were to have a boat specially built for that event. His team would research the typical wind and wave conditions for the location of the event and build a boat accordingly. For example, his class of boat was defined, so he couldn't change the design, but within the design parameters there was still flexibility. So if they were expecting light winds and waves, they would make the boat out of thinner materials and if they were expecting heavier conditions they would make the boat from thicker materials to make it more robust.

Another example was that before major events, he would go on a diet (a pizza diet) and gain weight (about 50lbs / 25kg or so) in order to make himself heavier relative to the weight of the boat. This allowed him to move more of the weight of the total unit around by moving around the boat to try to gain an advantage. He would lose the weight after the competition.

These were just a couple of the things that he did, there would have been many others.

Most of these sorts of people are obsessive, so they are very good at one thing and suck at everything else.
 
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LightHouse

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They truely are built differently. Especially in the sense of sacrafice to what the normal script looks like. It takes insane dedication to be the elite top.

The other side of that.... do you NEED to be elite to live a happy and fulfilled life? Often times not.

Great writing MTF, I agree with Rob (@Fox ) !
 

MakeItHappen

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I agree with the topic of the thread.

You have to make Sure you compete in an area where you have an edge. That might mean picking a niche that is smaller than your ambition.

I like the concept of combining expertise in more than one area to become hard to compete with.
If you are a top 10% content writer and a top 10% leader and you have top 10% knowledge in MMA you could build a content agency, leading great employees, for MMA related businesses .
The high performers in each of the 3 areas can't compete with you now and there are likely few people in the world who can. Yet you dont have to be elite at anything to do it.
 

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I agree with the topic of the thread.

You have to make Sure you compete in an area where you have an edge. That might mean picking a niche that is smaller than your ambition.

I like the concept of combining expertise in more than one area to become hard to compete with.
If you are a top 10% content writer and a top 10% leader and you have top 10% knowledge in MMA you could build a content agency, leading great employees, for MMA related businesses .
The high performers in each of the 3 areas can't compete with you now and there are likely few people in the world who can. Yet you dont have to be elite at anything to do it.
I remember the Dilbert guy talked about that his book.
He was somewhat good at drawing, somewhat funny, and had experience working a corporate office job. When he combined that into the Dilbert comics he found massive success.
 

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View attachment 55440
Thoughts on this @MTF?

More follow your passion feel good nonsense, or proof everyone has a unique value they can provide to the world?

It's cool in theory. I think this is what we tend to want from our lives. We all want to do fun work, that gets paid well, that we get recognition for, and that does visible good in the world.

But there are some issues with it.

1) What you can be paid for - a lot of work is actually unpaid work. That might be spending hours researching ad content and landing pages that competitors are using, reading customer reviews to see the language they use. You don't get paid for that stuff. Much of it is "wasted".

2) What you are good at - if you are learning as you go, you're going to butt up against work you're not good at, but it still needs to get done. OK, you hire someone to do it, but maybe you're not good at managing people! So then you gotta get good at that, and you only get good by sucking first.

3) What you love - sometimes, what needs to be done doesn't inspire love. There are conversations that I have to have that I don't want to have, there are things I have to do that I don't want to do.

4) What the world needs - when you start, you often start with something that very few people actually want, and then you gotta go back to the drawing board. And, sometimes in the course of doing business, you find that your offer is no longer as compelling as it was when you started, because the WORLD has changed!

Just doesn't hold up to scrutiny.
 
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MakeItHappen

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Business isn’t about being the absolute best, it’s about getting the job done. You don’t need to have a IQ of 200 or be an Olympian.
However, there are also Elite Performers in terms of getting the job done. Some people have the genes to only need 4 hours of sleep to feel fully rested. Some people are willing to sacrifice their health, family, relationships, and leisure time to achieve goal X. These people might have started their first lemonade stand at 6 years old coming from an entrepreneurial family.

As a former professional poker player, I was aware that I wasn't an autistic, obsessed kid with an IQ of 150 and a photographic memory. I didn't have any business trying to compete with the best high-stakes players in the world. And I didn't had to. To win at poker you simply have to play against players that a weaker than you. It's called table selection. And guess what... if you don't know who you have an edge against at the poker table it's likely that you have no edge at all. If you don't know your competition to the degree that you know why you are better than them chances are you are not.
 
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This is covered in The One Thing by Gary Keller and Jay Papasan exactly in the same way. Is this where you got inspiration from or have you discovered this yourself as well?

No, learned it through my own experience, while also noticing that peak performers, or the elite, as you call it, usually have extremely dysfunctional personal lives or mental issues, from 10 divorces to estranged children that want nothing to do with them. I won't go into names as such people here tend to be worshiped.
 

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pick a market where you have a unique interest or value or spot an opportunity rather than go against Elon.

Pick a market where you have a unique interest/value/opportunity, then team up with Elon and let him add the word "Space" to whatever you're doing.
  • Space rentals
  • Space knives
  • Space beer
  • SpaceSex
:cool:
 

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I have a music teacher who is an elite performer. He’s crazy good.

When meeting people like that, it’s easy to fall into the mindset of “I’ll never be that good”. At best it’s a false comparison, and at worse it’ll breed resentment and envy.

I try to instead think “how can I change what I’m doing to move a step closer to being at his level”, and that lets me think about changes I can, how to improve my practice, make it more challenging, approach it from different angles etc. But my motivation for music isn’t to be better than someone, or to be in a particular band, but to find the limit of what I can do with music

When it comes to deciding if you’re prepared to pay the price to reach a particular level, I think that’s a good consideration, but things like this mainly apply to sports or skills, not business. You have to be realistic about what you can achieve with the time you’re willing to invest.

Business isn’t about being the absolute best, it’s about getting the job done. You don’t need to have a IQ of 200 or be an Olympian.

I liked your point about competing locally, and totally agree. Dominating a local scene isn’t that difficult, generally speaking the competition is pretty poor locally.
 

Andy Black

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You do write well @MTF. I'm not sure of your conclusions in your opening post though. Maybe that's addressed in later posts, or maybe it's just the way it's written.

I don't know if good writing practice is to state things "authoritatively". I'm only commenting given your previous history of possibly arriving at what I think are wrong conclusions (aka throwing the baby out with the bath water).


Examples:

If you want to make woodworking products, there’s probably a guy who spends 14 hours a day woodworking who will outcompete you. In contrast, you’re unlikely to encounter a true elite performer offering a service for septic tank cleaners because nobody is that obsessed about it. Same goes for your typical boring but essential services like waste management, gutter cleaning, or towing.
I think you'll find people obsessed at everything and anything. I was the best biscuit packer out of all the students doing summer work in the biscuit factory. I even obsessed with how to unfold, make, and stack boxes. They spotted that and put me on the fastest lines.

(Note how I started that paragraph with "I think". Some will say that's weak writing/thinking/leadership. I don't gaf. I'm letting you know it's my opinion and you're free to have another one.)


Probably skip any content-based or software-based businesses. Both attract thousands of true elite performers (think Mr. Beast for video or any egg-headed Silicon Valley developer programming 18 hours a day). Many inspirational stories come from these fields and yet these are the ones where the survivorship bias is one of the strongest (“Mr. Beast succeeded so I can, too,” discounting millions who failed).
That's not what I'd conclude. I bet there's thousands or millions of content driven or software businesses doing amazing things and doing amazingly well. That's too sweeping a generalisation imo.


You won’t beat a company made up of hardcore surfers selling surfboards.
I think this is a limiting belief. What if the hard-core surfers don't cater for the market's needs as well as someone who's obsessed with catering for the market's needs rather than surfing?


go after a more local market. Even in crowded fields, if you change your competition from global to national, state, or city-wide, you’ll automatically dramatically increase your chances of winning.
I don't think this is automatic. I'll often recommend people start local since you've likely an unfair advantage over national brands since it's likely you have your finger on the pulse more.

I wrote this in @REV5028 's thread recently here:

One of your "unfair advantages" over huge brands and big influencers is you're local. Lean into that.

Be the person that enables all the other dog owners and service providers to connect and form a community?

Maybe create a local Facebook page and accompanying newsletter where you let people know about local events, news, meet ups, etc?

You don't need to ask for permission to do this, you just start and stay consistent. Tag other businesses and their events and they'll start reposting/sharing your posts.

Direct your 1-2-1 clients to your page and newsletter. Direct all those free webiner attendees to them as well.

When you send email issues put info into it and link to posts on your Facebook page.

Start by promoting the heck out of that adoption event you're going to? Help them get more publicity, sponsors, attendees, etc. It's such a worthy casue who wouldn't want to share that event to their own Facebook friends?


Think about the Facebook page name and newsletter name. Maybe give a nod to your city or county, and something dog related? Make it something people would proudly wear a t-shirt or bumper sticker about. Rachel Miller talks about this. One of her Facebook pages was called "Crazy Cat Moma" for example. So when people shared a post from her page they were proudly identifying as a Crazy Cat Moma.

I live in County Kildare here in Ireland. Maybe I'd just call it Kildare Dog Lovers or something similar, although that's a bit boring.



But if @REV5028 wanted to do dog training sessions via Zoom then I think going national would work better. There's waay more searches on Google and she'd likely be able to get lower CPCs if she was to run Google Ads. Lower CPCs and more visitors, leads, and sales for the same budget.



I replied because I worry you sometimes arrive at black-and-white conclusions you believe. I also worry others wouldn't take conclusions with a pinch-of-salt.

Just my 2c. Hope it helps.
 

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I didn't want to sound pessimistic. :)

I was talking more about big business opportunities (hundreds of millions or billions) just as MTF was talking about the best of the best in a particular sport. I was not talking about whether one can make a million with new traffic sources or a little weight loss business. Because in the big business opportunities you will find geniuses and true elite performers. Good luck succeeding in a highly competitive mature market with many big players if you want to become a big player too. If you want to start the next big hedge fund on Wall Street to become a billionaire good luck. Then again if you want to become a millionaire by starting a small, niche investing community online that's more likely but you will not become a billionaire this way.

Usually, risk and reward go hand in hand and for everything you do there is an opportunity cost. Yes, there are sometimes asymmetric opportunities but more often than not if something is potentially very lucrative then there are either a lot of risks (not necessarily a bad thing) a lot of competition, or a combination of both.
I just reread the op after your reply and yeah I agree, I’m not going to reread the whole thread but I think somewhere in this thread before I started replying it went from “are you an elite performer, if not pick something realistic”, to “unless you are an elite performer you can’t succeed”.

Definitely agree with the op that some people are built different and goodluck competing with Elon Musk or Bill Gates.

I’ve heard some stories about what a savage Bill Gates was with his competitors, Jeff Bezos is the same.

Not only that they were freaks from birth. You read about Jeff Bezos childhood, and Elon Musks, they are not only obsessed and ruthless but on a superhuman level of intelligence too.

I guess I just kind of know I’m not them it’s just not even on my radar to try, I wouldn’t even want to have Elon or Bill Gates lives if you offered it to me.

I think Elon was quoted as saying “Death would be a relief to me”. That kind of intelligence and obsession must be exhausting.

Seems obvious to pick a market where you have a unique interest or value or spot an opportunity rather than go against Elon.
 

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MTF

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Unless you're purely a solopreneur who insists on doing EVERYTHING by himself, you don't have to be a world-class performer at your trade.

I expected this argument and I kind of agree and at the same time don't agree with it.

I get your point about being a captain. At the same time, elite performance applies to being a captain, too.

One CEO will be 100000x better than another one because he'll be fine spending 16 hours a day in the office 52 weeks a year and giving up his entire life only to be the best CEO possible. If this person happens to lead a company competing with you, they'll take away all the best talent and dominate your market.

The first example that comes to mind is Steve Jobs.
  • 0 skills as an electrical engineer.
  • 0 skills as a software developer.
  • Multi-billion dollar tech company.

How is this even possible?

Good captain:
  • Superior vision
  • Superior leadership
  • Obsession with product quality

Well that is exactly the definition of an elite performer in this context. Very few people are capable of being like Steve Jobs because they lack the superior vision, leadership, and obsession with product quality.

And like I wanted to portray this with my story, when someone thinks they're obsessed with something (like product quality) they probably aren't doing even 1/100 of what a true elite performer is doing. It's like Elon Musk reading some old Russian handbooks on how to make rockets. This isn't something any regular person would ever do.
 

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5. In business, for those who realistically know they’ll never be elite performers, this leaves us with:
I really do like your point about how top performers are wired differently.

However, I think things are being made more complicated than they need to be.

Storytime:

Last week, I researched to hire someone to replace the windows and balcony door in my house to improve energy efficiency. This upgrade qualifies for a government subsidy, making it a somewhat reasonable move for me.

The contractor took measurements and then quoted me €10,000 just for labor.

WTF I thought!

This project was only supposed to take about 7 hours. So I researched YouTube and how-to websites.

Turns out, the work is easy to do. Anyone with half a functioning brain cell and opposable thumbs can do it.

This made me think. Even if this contractor only gets a few crappy clients like me each month, he could still make a huge profit.

For example, suppose he secures 6 clients a month, each requiring 9 hours of work (including ordering and picking up materials and driving to location and measuring). In that case, he could be earning €720,000 a year, minus expenses.

Assuming his total annual expenses are very aggressively €100,000, his profit would be around €620,000 for what is with minimal effort.

Now, let's consider a less lazy worker who manages 12 clients a month.

That’s a total of 144 a year, with each job taking about 9 hours. That's 108 hours a month or roughly 27 hours a week, assuming four weeks per month.

With expenses staying roughly the same(they were on the high end in the first place), this workload would lead to a profit of €1,240,000.

So what happens If the business is sold for twice the profit?

Well, that's €2,480,000 just for being "average/ good enough/ bad".

You don't need to be an "elite performer" to achieve this.
 
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