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- FASTer - Issue #176
FASTer - Issue #176
The Secret Dopamine Hack That Changes Everything 🏋️‍♂️🔥🚀
Imagine a scene where an athlete pushes through grueling training, sweat dripping, muscles aching—but there’s a gleam in their eyes. It’s not just the trophy they’re after; it’s the thrill of each stride, each rep, each heartbeat. Most people see dopamine as the flash at the finish line, but here’s the twist: true champions harness it mid-race.
Research in neurobiology shows that dopamine, the brain's "reward" chemical, spikes when we achieve our goals. But what if we could flip that? Studies suggest that associating dopamine with the process rather than the result can unlock relentless motivation. Neuroscientists have found that when individuals learn to find joy in effort, their persistence surges. It’s like embedding a little burst of fireworks into each step of your journey, so it becomes electrifying—not just at the end, but all the way through.
Here's how you can wield this for your entrepreneurial odyssey:
Shift Your Perspective: Start to tell yourself that each small action—each late night tweaking your pitch deck, each uncomfortable conversation with a client—isn't just a path to the reward. It is the reward. Savor that grind and rewire your brain to love the uphill battles.
Celebrate Micro-Wins: Your brain craves acknowledgment. Rewarding yourself at regular milestones conditions it to crave the climb itself. This could mean a break with your favorite book or a coffee with no agenda but peace.
Believe in the Build: The most nuanced part of this approach is to embed the belief that these tiny moments of effort are the transformative moments. Legendary copywriter Ogilvy knew that understanding your audience’s psychology was key. For you, knowing that your brain can be trained to see the joy in hard work changes the game.
In essence, you’re building a dopamine habit loop that doesn’t wait for the grand finale. You’ll find motivation where others falter—because the work isn’t a means to an end; it’s a dance, a game, and a reward all at once. This is how you spark magic on the path, not just at the peak.
This week, try this: Identify a task you dread. Approach it with curiosity, knowing each effort is a dopamine trigger waiting to be flipped. And remember, just as with all great marketing—it's not just the promise that sells, it's the journey that makes the customer fall in love. Your brain? Your toughest customer. Sell it the joy of the journey, and it will never stop buying in.
Outcomes
You're not struggling to sell because your product isn’t good enough; it’s because you’re missing out on key psychological triggers. Heuristics—mental shortcuts our brains use to make decisions—are powerful forces that drive customer behavior. Here are 8 essential heuristics every business owner should know and leverage to boost their sales:
1. Ambiguity Effect
Explanation: People steer clear of options where the outcome is uncertain.
How to Use: Make your product’s benefits clear. Replace vague promises with concrete outcomes, real-world examples, and confident messaging.
2. Veblen Effect
Explanation: Higher-priced products are often perceived as more desirable and prestigious.
How to Use: For a premium market, position your product as luxurious. Don’t fear higher prices; embrace them as a signal of quality and exclusivity.
3. Peak-End Rule
Explanation: Experiences are remembered for their most intense moments and their ending.
How to Use: Create standout moments during the buying journey, like an unforgettable unboxing or a surprise gift. Ensure the final touchpoint, like a follow-up email, leaves a lasting impression.
4. Partitioning
Explanation: People tend to buy less when options are divided into smaller units.
How to Use: Bundle products together instead of listing items separately to create the perception of value and encourage larger purchases.
5. Processing Fluency
Explanation: The simpler the information, the more favorably it is perceived.
How to Use: Use straightforward language and clean design. A clutter-free product page or brochure invites trust and reliability.
6. Endowment Effect
Explanation: People value items they own more highly, even if they just acquired them.
How to Use: Offer free trials or samples that give customers a taste of ownership. This feeling of ownership will make them more inclined to buy.
7. Efficient Market Heuristic
Explanation: People trust that popular items are good.
How to Use: Showcase your best-selling products or mark certain items as “sold out” to signal demand and quality.
8. Zero-Risk Bias
Explanation: People prefer eliminating small risks entirely rather than minimizing larger ones.
How to Use: Emphasize risk-free guarantees, like “100% satisfaction” or “hassle-free returns,” to ease customers’ fears.
One New Thing (That you should know)
A young entrepreneur lets call him Alex came to me one evening, looking defeated. He ran a growing online business, and while revenue was promising, cash flow was chaotic. Expenses seemed to eat away at profits faster than he could account for, and he admitted, “I don’t know where my money goes every month. I feel like I’m hustling but not making progress.”
Alex’s problem wasn’t new to me. Many entrepreneurs, in the rush of scaling their ventures, fall into the trap of mindless spending. I listened as he outlined his struggles—impulsive purchases for business tools, endless dinners with potential clients, and a lack of structured budgeting. What he needed wasn’t another finance app or complex spreadsheet. He needed a system that would anchor him in mindful spending.
I told Alex about Kakeibo, a method that has quietly underpinned financial discipline in Japan for over a century. It was created in 1904 by Hani Motoko, Japan’s first female journalist, who saw the power of giving individuals, especially women, the tools to manage household finances with intention. The name Kakeibo translates to “household financial ledger,” but its impact goes far beyond simple record-keeping.
Unlike modern budgeting tools that automate expense tracking, Kakeibo forces you to slow down and engage with each spending decision. It starts with a question at the beginning of the month: “How much do I want to save?” Then, the method breaks down spending into four categories: essentials, optional items, cultural expenses, and unexpected costs. At month’s end, you analyze what you spent, asking, “Did I meet my goals? What can I improve next month?”
I explained to Alex that Kakeibo wasn’t just a budgeting tool—it was a mindset shift. It teaches you to see where your money goes and why you make the financial choices you do. It compels you to confront those choices and reflect, building mindfulness into financial habits.
Alex looked intrigued but skeptical. He asked, “How does this work for an entrepreneur with unpredictable income?” I shared stories of business owners who adapted Kakeibo by setting a flexible baseline for savings and expenses, adjusting their strategies as income fluctuated but never straying from the core principles of reflection and intentionality.
He decided to try it. The first month was an eye-opener. He discovered that many of his expenses stemmed from stress-induced decisions. By the second month, he set a clear goal: cut discretionary spending by 20% and reinvest the savings into marketing that he knew would yield growth. His notebook became his companion, not just for tracking, but for planning and reflecting.
Months later, Alex returned, eyes lit up with newfound confidence. He wasn’t just saving money—he was making smarter, more strategic business investments. He said, “I’ve realized that success isn’t just in scaling revenue but in controlling what you keep. Kakeibo made me aware of my blind spots.”
The lesson for any entrepreneur is this: The most powerful tools are sometimes the simplest. They’re the practices that demand discipline when no one is watching and patience when results aren’t immediate. Kakeibo embodies that ethos. It’s not just a financial tool; it’s a practice of intentionality that can transform how you see your business and life.
Alex’s story is a reminder that true growth often comes not from grand gestures but from the consistent, mindful choices that others may overlook. Embrace the methods that seem “too simple” or “too slow,” and you might just find that they lead to outcomes far beyond what you imagined.
Boring Stuff That Scales
The Power of “Second Order Thinking”
When we talk about scaling a business, we often picture cutting-edge innovations or market-shaking ideas. But true, sustainable growth often comes from a deeper approach that most entrepreneurs overlook—second order thinking. This concept, popularized by investors like Howard Marks and attributed to historical decision-makers who changed industries, is all about considering the consequences of your actions beyond the immediate effect.
What is Second Order Thinking?
Most entrepreneurs stop at first order thinking: “If I do X, I will get Y.” But second order thinking goes further. It asks, “What happens after I get Y?” and “How will Y change my business and its ecosystem in the long run?” It’s thinking about the ripple effects, the compounding impact of decisions that seem trivial at first but scale profoundly over time.
Historical Example: The Great Canal Builders
Take the example of the 19th-century industrialists who funded massive canal-building projects. It wasn’t just about connecting two points of commerce more efficiently; they considered the second order effects: access to previously isolated markets, how new towns would emerge along the routes, and the boost to industries like coal and steel. These canal projects didn’t just transport goods; they reshaped economies and scaled wealth over decades.
Modern Application: Netflix and Content Ownership
Netflix originally started as a DVD rental service, but its leaders employed second order thinking when they shifted into streaming. They realized the first move would reduce shipping and inventory costs, but the second move—owning their own content—would control licensing risks and give them leverage in an increasingly competitive market. This “boring” step of acquiring and creating their own shows turned out to be the linchpin of their long-term scaling strategy.
How Can You Apply This?
Entrepreneurs can leverage second order thinking by questioning what follows their immediate actions:
Hiring Decisions: Instead of hiring based solely on skill (first order), consider how that hire will contribute to company culture and innovation (second order).
Customer Feedback: Don’t just solve a problem pointed out by customers. Ask, “What will this solution encourage them to do next?” Will it make them loyal advocates or just satisfied clients?
Process Automation: Automating part of your workflow isn’t just about saving time today. Think, “How will this free up resources that could be used for strategic growth tomorrow?”
The “Boring” That Becomes Profound
Implementing second order thinking can seem slow, maybe even tedious, because it requires patience and deliberate analysis. But this “boring” strategy is what scales effectively. It allows entrepreneurs to foresee and navigate challenges that could derail their growth and capitalize on opportunities others miss.
Remember, making decisions with a view of not just tomorrow, but years down the road, is where true, long-lasting scale comes from. It’s the power of seeing not just one step ahead, but five. In the end, the entrepreneurs who scale the highest aren’t always those who get there the fastest. They’re the ones who understand the echoes of their decisions and prepare for them.
So, while others chase after flashy trends, consider adopting the “boring” practice of second order thinking. It’s the strategy that might not make headlines, but it will build an empire.
What You Should Be Watching
The inner workings of Central Banks and the Money creation process. When money drives almost all activity on the planet, it's essential that we understand it. Yet simple questions often get overlooked, questions like; where does money come from? Who creates it? Who decides how it gets used? And what does this mean for the millions of ordinary people who suffer when the monetary, and financial system, breaks down? Some thing you should watch today.
Monetize your time
59 Days to Transform Your Future: The Ultimate Entrepreneur’s Playbook to Master Time and Achieve Unstoppable Growth
With only 59 days left in the year, entrepreneurs face a unique opportunity. The countdown isn't just a reminder of the approaching new year—it’s a call to action. What can you do today that will shape your outcomes before the clock strikes midnight on December 31st? History shows that those who understand the value of time and act decisively are the ones who set themselves apart. Here’s a playbook rooted in historical insights and entrepreneurial research, designed to help you make these 59 days transformative.
The Power of Focused Sprints: Lessons from Thomas Edison
Thomas Edison, the prolific inventor, is remembered for over 1,000 patents and the development of world-changing technologies like the light bulb. His success didn’t come from scattered efforts but from focused, intense sprints of work. Edison would isolate himself in “invention factories” with his team, dedicating weeks or months to a single problem. The lesson for entrepreneurs? Focused, short-term bursts of productivity on one impactful goal can yield massive breakthroughs.
Action Plan:
Choose One High-Impact Goal: Select a goal that can create leverage in your business, such as a new product launch, a major partnership, or a streamlined process that increases efficiency. Ensure this goal aligns with your long-term vision.
Set a 59-Day Sprint: Treat the next 59 days as your invention factory period. Dedicate your energy exclusively to this priority, putting all other non-essential projects on hold.
The 80/20 Principle: Pareto’s Uncommon Efficiency
Vilfredo Pareto’s famous 80/20 principle teaches that 80% of outcomes often come from 20% of efforts. This concept has been a game-changer for many entrepreneurs, from Steve Jobs, who slashed Apple’s product lines to focus on a few exceptional products, to modern startups that refine their offerings by focusing on their most profitable customers.
Action Plan:
Audit Your Current Efforts: Take one day to analyze which 20% of your actions or clients are driving the most results. Cut out low-value tasks or clients that drain your time.
Double Down on What Works: Reinvest your newfound time into those high-yield activities. This could mean spending more time with top-tier clients, enhancing your most successful product, or refining a marketing strategy that already shows promise.
The Power of Daily Reflection: The Benjamin Franklin Approach
Benjamin Franklin famously kept a journal where he reflected each evening on what he accomplished and what he could improve. This habit of continuous, incremental self-assessment kept him not only productive but constantly evolving.
Action Plan:
Start a Daily Reflection Practice: At the end of each day, write down what you accomplished, what didn’t go as planned, and what you learned. This habit helps you identify patterns of productivity and points of weakness that can be quickly corrected.
Set Micro-Adjustments: Based on your reflections, make small, daily adjustments to your approach. Even a 1% change, compounded daily, can make a significant impact over 59 days.
Building Accountability: Lessons from the Mastermind of Napoleon Hill
In Think and Grow Rich, Napoleon Hill emphasized the importance of mastermind groups—small networks of driven individuals who keep each other accountable and push one another to greater heights. Entrepreneurs who’ve built successful businesses, from Henry Ford to Andrew Carnegie, credited much of their progress to such networks.
Action Plan:
Create or Join a Mastermind Group: Find or form a group of like-minded entrepreneurs who meet weekly to share progress, challenges, and insights. This shared accountability can accelerate your momentum and open your mind to new strategies.
Set Weekly Accountability Check-Ins: Use these meetings to outline your upcoming week’s goals and receive feedback on past performance.
The Power of the Pivot: Lessons from Sara Blakely
Sara Blakely, the founder of Spanx, turned a $5,000 investment into a billion-dollar business. One of her keys to success was her willingness to pivot based on real-time feedback. When she tested her prototype in department stores and received feedback, she didn’t hesitate to make changes on the fly.
Action Plan:
Test and Adapt Quickly: For the next 59 days, treat each week as an iteration cycle. Launch a version of your project or idea, gather feedback, and adapt. Be agile; small pivots can create large results by year’s end.
Seek Feedback Relentlessly: Reach out to mentors, customers, or your mastermind group to gain diverse perspectives. Adjustments based on their input can reveal opportunities that may have been missed.
Time-Blocking for Impact: The Eisenhower Method
President Dwight D. Eisenhower famously prioritized tasks based on urgency and importance, a strategy that maximized his productivity. He focused on tasks that were important but not urgent, ensuring long-term success over immediate but less impactful tasks.
Action Plan:
Map Out Your Time: Create a schedule for the next 59 days, blocking time for your high-impact goal each day. Ensure that each day includes deep work sessions free of distractions.
Review Weekly: Every seven days, revisit your schedule, assess progress, and realign priorities as needed.
Transform Your Outcomes
With only 59 days remaining in the year, every day counts. History teaches us that profound changes are often the result of focused, disciplined, and strategic efforts over a compressed time frame. By applying the lessons from Edison, Pareto, Franklin, Hill, Blakely, and Eisenhower, you can transform these 59 days into a powerful runway for the new year.
Remember, it’s not just about working harder—it’s about working smarter and deliberately. Embrace this playbook, and watch how your intentional actions turn time into one of your most profitable investments.
One Last Thing
The Power of Balance
There’s a deep irony that lies within the things we treasure most: when taken to excess, they can betray us. It’s a concept so simple yet profound that it’s often overlooked in our relentless pursuit of “more.” But wisdom whispers that true mastery lies not in indulgence, but in moderation.
Excess kindness leads to weakness. It’s noble to be kind, but when it becomes limitless, it can strip us of boundaries, making us vulnerable to exploitation.
Excess freedom leads to boredom. Freedom is cherished, but without purpose, too much of it leaves us feeling adrift and unfulfilled.
Excess information leads to doubt. Knowledge is power, but in its overabundance, we find ourselves paralyzed by overthinking, unable to act decisively.
Excess love leads to dependence. Love is what binds us, but when it becomes clingy and consuming, it robs us of our independence.
Excess exercise leads to injury. Fitness strengthens the body, but obsession weakens it, leaving muscles torn and joints strained.
Excess sleep leads to fatigue. Rest rejuvenates, but too much invites sluggishness, a reminder that balance keeps energy alive.
Excess sun leads to cancer. Sunlight gives life, but overexposure threatens it, proving that even life’s purest elements have shadows.
Every gift, every virtue, can transform into a curse when taken without restraint. It’s not the presence of these gifts that challenges us—it’s how we wield them. The art of life is not found in extremes but in balance, in the delicate dance between having enough and knowing when to stop.
As you reflect on your pursuits, ask yourself: Am I seeking more because it serves me, or because I’ve lost sight of what enough means? Wisdom isn’t just knowing when to act; it’s knowing when to pause, when to say no, when to hold back. Because in that space of moderation lies strength, clarity, and freedom.
A gift misused becomes a curse. Embrace what you have, use it wisely, and honor the power of balance.
Bonus! Thought of the week
When I worked for Seth Godin, one of the things I learned from him was this.
"What has to be true for it to take half the time?" was something he would ask any time we were talking about timelines.
Often the answer was that nothing needed to change other than the ship date.
— Barrett Brooks (@BarrettABrooks)
6:47 PM • Oct 19, 2024
I’m relentless when it comes to timelines, constantly pushing with “How do we do this faster?”—much to the frustration of everyone I work with.
But this question changes the game: “What has to be true for it to take half the time?”