To put the idea simply: true innovation happens when you try to improve something by 10 times rather than by 10%. Think 10x The notion of “10x thinking” is at the heart of how we innovate at Google. What is the 10X rule summary? How did Grant Cardone start out?Īfter having invested in multi-family real estate since the mid-1990s, he founded Cardone Capital in 2015, a real estate crowdfunding platform with over $2 billion worth of assets under management.
The biggest mistake most people make in life is not setting goals high enough. The 10X Rule says that 1) you should set targets for yourself that are 10X greater than what you believe you can achieve and 2) you should take actions that are 10X greater than what you believe are necessary to achieve your goals. According to legendary investor and entrepreneur Peter Thiel, to build a successful startup, “You have to be 10 times better than second best.” To Thiel, if your product isn’t 10 times better, it will be hard to sell in a crowded market. That’s where Peter Thiel’s 10x rule for great startup ideas comes into play. What is the 10X rule in entrepreneurship?
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