Leverage for Growth Podcast

Episode 111: Shattering the Myth of Competition

Episode Date:Jun 30, 2023

Jesse challenges the prevailing notion of competition by emphasizing the power of collaboration and focusing on our unique abilities. Highlighting research from the Journal of Experimental Social Psychology, Jesse reveals that collaborative efforts yield better outcomes, higher engagement levels, and increased success rates. By identifying and leveraging our unique abilities, we not only excel but also experience fulfillment and success. Collaboration has a ripple effect, allowing others to do the same and fostering innovation and growth. Jesse suggests applying this principle to various domains, including physical health, personal growth, balance, and business. By creating systems that enable individuals to focus on their unique abilities and work collaboratively, businesses can achieve higher productivity and satisfaction. Instead of viewing competition as the only option, Jesse encourages listeners to shift their perspective and embrace collaboration for a richer and more fulfilling life. It's time to let go of competition and start collaborating. To take the first step, identify areas where competition has dominated and explore ways to foster collaboration.

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Show Notes

Episode Transcript

You are now listening to Leverage for Growth. Hey, everybody, this is Jesse P. Gilmore, founder of Niche in Control and creator of Leverage for Growth. Welcome to the Daily Leverage Edition. Today’s topic is this from zero sum to win win, shattering the myth of competition. Sit back, relax and welcome to today’s Daily Leverage. Now, we often hear about competition in business and life as if it is a zero sum game. But is it? Entrepreneurial coach Dan Sullivan encourages us to rethink this by focusing on our unique abilities and choosing collaboration over competition. We are not only making our lives richer, but also contributing to the betterment of others. Let’s explore this perspective more. Contrary to popular belief, collaboration can often lead towards better outcomes than competition. A study published in the Journal of Experimental Social Psychology, found that people working collaboratively stuck at their task 64% longer than their solitary peers, reported higher engagement levels, lower fatigue levels, and also a higher success rate. Imagine if we applied this to our everyday lives. And Dan Sullivan speaks about this as our unique ability. the skills and talents where we outshine others and which we love doing. By focusing on these abilities, we not only excel, but also enjoy what we do, leading to a sense of fulfillment and success. Now let’s think about the ripple effect of collaboration. By focusing on our unique abilities and helping others with them, we allow those individuals to do the same. It’s a domino effect of positive change. Research from the Stanford Graduate School of Business suggests that collaborative environments are more likely to foster innovation and growth. By implementing systems that leverage each team member’s unique abilities, we can create a business that is more than the sum of its parts. According to the Harvard Business Review article, the best teams are those where everyone brings their unique strengths to the table. leading to higher productivity and satisfaction. High performers often attribute their success to focusing on their unique abilities and collaboration. A study by the American Psychological Association found that top performers in business attribute their success to their ability to collaborate and focus on their unique abilities. So let’s apply this to their domains of body being balanced business. For body, it means recognizing what physical activities align with your unique abilities. Do you enjoy dancing over weightlifting or prefer hiking to running? For being, focus on personal growth by honing your unique abilities and skills. Consider collaborating with mentors or coaches to elevate your strengths. For balance, think about how focusing on your unique abilities within your relationships can improve your overall life balance. Perhaps you’re a great listener, but not best at giving advice, or maybe you’re great at planning adventures, but not so much at the day-to-day tasks. For business, creating a system where everyone focuses on their unique abilities and works in a collaborative manner will lead towards a more effective and satisfied team. So the next time that you hear about competition, consider a shift in perspective. By focusing on your unique abilities and looking for ways to collaborate rather than compete, you open the doors to a richer, more fulfilling life. Remember that it’s not always about being a hero for everyone, but being a hero for someone so they can do the same for others. So now it is time for the daily leverage. So where in your world, whether in your life or business, have you been focusing on competition as opposed to collaboration? Is it in your life with your health and body? Is it in your life with your spirituality or self-direction? Is it in your relationships with your spouse, partner, or kids? Is it in your business, finances, or team? And once you’ve located where you’ve been focusing on competition and you know what you need to change, my question to you is this. What are you willing and able to do about it today? That is the end of the Daily Leverage. This is Jesse B. Gilmore. You’ve been listening to Leverage for Growth podcast. If you’re enjoying these Daily Leverage and agency leverage episodes, Make sure to subscribe on Apple or Spotify now.