Bill Gross who founded and invested in a whole lot of startups researched on why some startups succeed and most fail. He studied ‘that-one-big’ reason why startups succeed and interestingly, it wasn’t just funding or team or even the idea.
But the number one reason was: The Timing.
The number one thing was timing. Timing accounted for 42 percent of the difference between success and failure. Team and execution came in second, and the idea, the differentiability of the idea, the uniqueness of the idea, that actually came in third : Bill Gross.
If there is one thing, I have learnt from my varios iterations (fyi: I even launched India’s first shark-tank-like event..way back in 2014), it is this:
Timing isn’t just everything. Everything is timing.
And it all boils down to answering: WHEN.
Our lives are a never-ending stream of 'when' decisions: when to start a business, schedule a class, get serious about a person. Yet we make those decisions based on intuition and guesswork.
Sharing #BigIdeas from the book When: The scientific secrets to perfect timing by Daniel Pink.
What am I reading this week? Read Write Own by Chris Dixon.
Discovering Our Inner Clock: The Science of Chronobiology
Our daily lives are significantly influenced by chronobiology, the study of biological rhythms. This concept reveals that our cognitive abilities fluctuate in a predictable pattern, consisting of peaks, troughs, and rebounds.
To optimize our day, it's suggested to tackle analytical tasks during the morning peak, administrative tasks during the afternoon trough, and creative tasks during the evening recovery. This alignment can lead to more effective and efficient work.
The Momentum of Beginnings: Starting Points Matter
Beginnings play a crucial role in shaping our experiences and outcomes. The initial stages of any endeavor, be it a day, a job, or an educational journey, can set the tone for what follows.
[You can subscribe or read the big ideas from the book on the BigIdeas app for free. Get it on Android, iOS]
Keep reading with a 7-day free trial
Subscribe to NBW: Your Curiosity Copilot to keep reading this post and get 7 days of free access to the full post archives.