The 5-Hour Rule

We have been told for years and year that “practice will
make perfect” but does having a successful business require more than just
practice from employees? Is there something more we can do? Michael Simmons
explains what he calls the “5-hour rule”:
“Over the past year, I’ve explored the personal
histories of many widely admired business leaders, including Elon Musk, Oprah
Winfrey, Bill Gates, Waffen Buffet, and Mark Zuckerberg, in order to understand
how they apply the principles of deliberate practice.
What I’ve done does not qualify as an academic study, but it
does reveal a surprising study. Many of these leaders, despite being extremely
busy, have set aside at least an hour a day (or five hours a week) over their
entire career for activities that could be classified as deliberate practice or
learning.
I call this phenomenon the five-hour rule.”
Listen to the rest of the podcast
at: http://tinyurl.com/j26b6mp
Matt talks with Michael Simmons, an award-winning
social entrepreneur, bestselling author, and contributor to publications like
Forbes, Fortune, Inc., Entrepreneur, Time, Business Insider, and HBR. Michael’s
company, Empact, helps build the entrepreneurship ecosystem globally. Empact
has held over 600 events at colleges, high schools, workforce development
organizations, corporations, and Small Business Development centers in 7
countries.