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The exercise has six steps. The first four are straightforward: Write down the change you are making. List the worst possible outcomes. Identify actions you could take to mitigate those outcomes. List some steps or actions you might take to get back to where you are today.

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Identify and work to understand the situation. 2. Describe the situation objectively and accurately. 3. Express concerns. 4. Ask the other person for his/her perspective and work toward an acceptable change. 5. List the benefits that will follow when the change is implemented.

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1. Watch — What’s happening? What’s working and what’s not? 2. Ideate — What could you improve? What are your options? 3. Guess — Based on what you’ve learned so far, which of your ideas do you think will make the biggest impact? 4. Which? — Decide which change to make. 5. Act — Actually make the change. 6. Measure — What happened? Was the change positive or negative? Should you keep the change, or go back to how things were before this iteration? Iteration is a cycle —

Right this moment: Pick an area of your life where you most want to be successful. Do you want more money in the bank? A trimmer waistline? The strength to compete in an Iron Man event? A better relationship with your spouse or kids? Picture where you are in that area, right now. Now picture where you want to be: richer, thinner, happier, you name it. The first step toward change is awareness. If you want to get from where you are to where you want to be, you have to start by becoming aware of the choices that lead you away from your desired destination.

First ask yourself: What is the worst that can happen? Then prepare to accept it. Then proceed to improve on the worst.

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SIX STEPS TO BETTER DECISION-MAKING Step 1 — Identify the reasonable set of possible outcomes. Step 2 — Identify your preference using the payoff for each outcome — to what degree do you like or dislike each outcome, given your values? Step 3 — Estimate the likelihood of each outcome unfolding. Step 4 — Assess the relative likelihood of outcomes you like and dislike for the option under consideration. Step 5 — Repeat Steps 1–4 for other options under consideration. Step 6 — Compare the options to one another.

A 5-step process for nearly anything:

1) Explore widely. Find out what is possible.
2) Test cheaply. Run small, quick experiments. Sample things.
3) Edit ruthlessly. Focus on the best. Cut everything else.
4) Repeat what works. Don't quit on a good idea.
5) Return to 1.

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remember that the moment you reduce the statement of your desire, and a plan for its realization, to writing, you have actually taken the first of a series of steps, which will enable you to convert the thought into its physical counterpart.

The Process:

1. Decide what you want to achieve.
2. Try different ways of achieving it until you find one that works for you.
3. Do more of what works. Do less of what doesn't.
4. Don't stop doing it until it stops working.
5. Repeat.

It is both this simple and this hard.

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