From Time, Erik Barker writes about little bets — an experiment to test a theory that doesn’t risk losing too much. This reminds me of Action Trumps Everything in which the authors recommend taking a small smart step, learn from the experience, and incorporate what you learned in the next step. Little bets is a similar approach. Erik writes:
“In order to innovate in a way that is both practical and effective you need to make “little bets.”
What’s a little bet?
A small experiment that tests a theory. It’s just big enough to give you the answer you need but not so big that it wastes too much precious time, money or resources.
Rather than going all-in on the first idea you have and risk losing everything, a little bet allows you to break out of your comfort zone and try something new knowing that if it doesn’t work out you can quickly recover and try something else….”
Read the full story at The Two Word Trick For Becoming More Creative
