Tips For Success: MoneyBall Edition

Mar 6, 2013 | Articles

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Tips For Success: MoneyBall Edition
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If you haven’t already, you need to see Moneyball. Contrary to what you may think, this isn’t a movie about baseball. It’s a movie about a business struggling to succeed in an unfair world. I’m sure most of you reading this can relate with your personal struggles as you strive for success. Yes, life is unfair. There is always going to be someone bigger and better, with more connections and deeper pockets. Boo hoo. That doesn’t mean you can’t compete. For those of you who have tried to reach a goal but failed, there are a few key tips to take away from the movie:

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1. Stop. Take a breath. 

So despite your best efforts, you were unsuccessful in whatever it was you were attempting. Not only did you lose the fight, you got sucker punched a few times too. The best thing to do now is to stop, and most importantly do not attempt it again. At least not just yet. This is a mistake that we have all made. We tend to brush off our shoulders and throw ourselves back into the game for a second attempt; before you know it you end up in the same place with twice as many bruises.

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2. Step back, take a good look.

Spend some time and review what you have done so far. Review your strategies. Most importantly, understand the problem. You can’t fix what you don’t understand. Find out what bits have worked, and what hasn’t. There is something positive that has come out of all this, and that is you are now more knowledgable than you were the first time around. Use your experience to benefit you in round 2.

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3. Brainstorm, find a new approach.

Einstein said it best – “Doing the same thing over and over and expecting a different result is insane.” The hardest part is to break away from old habits. If you have been doing something for a long time, you might suffer from tunnel vision. This was the problem with the Oakland scouts. What once was, might not be anymore. They were trying to replace and not rebuild. The difference is efficiency. You also want to get a fresh set of eyes to take a look. It’s important to get a different perspective. Chances are they’ll be able to pick up on something that you may have overlooked.

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4. Change the game.

All of this is not to say you’ll be guaranteed success. In fact, you might not do any better than you did the first time around. In the case of Billy Beane and the Oakland A’s, he ended up with the same result. However, that doesn’t mean he didn’t achieve anything. His new approach was effective, and a thousand times more efficient than every other operation. That is a win all in itself. What business doesn’t want to increase efficiency while decreasing expenses? In this particular situation it flipped the baseball world upside down. It had every organization question their ways of operation. You might not be able to change the rules, but you can definitely change the game.