Thursday, December 15, 2005

L.E.A.S.T.

Stands for:
  • LUCK
  • EFFORT
  • ABILITY
  • STRATEGY
  • TECHNOLOGY (RSS, for example)

As you go down the list, you increase your odds of success.

Robert Allen put it different, using the acronym S.Y.S.T.E.M.: Save Your Self Time, Energy and Money.

The point is that as you go from luck to effort to ability, etc. you increase the quality and quantity of "systems" that support your performance, and this dramatically increases your chances of success in any field.

The L.E.A.S.T. is also a good framework to use when deciding WHO you should network with. Of course, one has to be charitable and help everyone, but it is advisable not to associate with people who seem to "wing" it and who seem to rely on luck. It's better to associate with people who make sincere efforts, and it's even better to associate with people who have clear abilities.

It's not always easy to spot people who have good strategies, because their strategies are often not visible nor revealed (for obvious reasons). But if you see that they succeed effortlessly, they probably have a great strategy.