Watch this video to learn how the founder of Amazon, Jeff Bezos, decides on whether to take risks in his career and his life.
This method of thinking is essential if you ever want to live a life of no regrets because it brings you back to your core values, and the type of life you want to live. It also helps you make the necessary, and often exceedingly difficult, moves that are required to get you from where you are to where you would like to be.
Watch the video and leave a comment below letting me know what you thought about it.
I would love to hear from you!
How do you make important decisions? Have you ever used the Regret Minimization Framework? If so, what sorts of decisions did it lead to? Do you have any regrets in your life?
I love to see how successful entrepreneurs think, especially ones who seem to have a fantastic time at what they do. Richard Branson is the ultimate example of this.
In his blog today, he wrote an article called “In it for fun, not for money”. The end of the article says:
“If you think ‘where is the gap in the market for me to make a lot of money?’ and spend your life like that the chances are you’ll fall flat on your face. You have got to have a passion for what you are doing.”
Short and sweet. The blog article is available here.
I’d love to hear your thoughts in the comments.
I read a great article in the New York Times called “An Entrepreneur Who Took a Chance on Herself” about a female entrepreneur who bravely left the corporate world to start her own business.
An excerpt from the article says:
“My co-workers were intelligent, ambitious and fun, and I interacted with high-level executives at Fortune 500 companies. My perks included free concert tickets, ski trips and fancy dinners. I was on track to be earning six figures within three years. It was the good life I had been chasing along with my peers at Stanford.
So why wasn’t I happy?”
Can you relate? The rest of the article is available at the link above. I’d love to hear your thoughts in the comments.