Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

253. Creative Success in Extremistan (Not Mediocristan)

253. Creative Success in Extremistan (Not Mediocristan)

FromLove Your Work


253. Creative Success in Extremistan (Not Mediocristan)

FromLove Your Work

ratings:
Length:
13 minutes
Released:
Apr 15, 2021
Format:
Podcast episode

Description

If you want to succeed in anything creative – whether that’s writing, art, or entrepreneurship – you’re navigating unfamiliar territory. Everyone else is living in Mediocristan, but you’re living in Extremistan. You need a different approach for deciding how you define success. “Extremistan” is a term introduced by Nicholas Nassim Taleb in his book, The Black Swan, which I summarized on episode 244. We tend to think we’re living in the opposite of Extremistan: Mediocristan. When we as creatives measure success and make our decisions as if we are in Mediocristan, we ruin any chance we have of succeeding in the world we’re actually in: Extremistan. Extremistan defined Extremistan is an imaginary place where events are random and unpredictable, and the impact of those events are extreme. It’s a world full of “Black Swans.” Extremistan vs. Mediocristan Mediocristan is a place that’s the opposite of Extremistan. Extremistan is unstable. Mediocristan is stable. Extremistan is the world of the unpredictable and unexpected. Mediocristan is the world of the predictable and expected. Extremistan is full of singular events (“Black Swans”). In Mediocristan, the same things happen over and over. Extremistan is full of variables that scale infinitely. In Mediocristan, all variables fall within a range. We’re used to Mediocristan Our modern world is built to be Mediocristan. We think we can predict what will happen. Some of this may be that our mental hard-wiring makes it difficult for us to think in terms of the unpredictable and unstable. Some of it is definitely because we’ve spread, across the collective, risks that face the individual. An hourly-wage job is in Mediocristan Imagine you have an hourly-wage job serving coffee at Starbucks. You’re working in Mediocristan. There are plenty of unpredictable things Starbucks has to deal with serving millions of customers across tens of thousands of locations. Employees will call in sick or stop showing up. There can be a coffee bean shortage, causing prices to suddenly spike. Someone might slip and fall in the bathroom and sue for millions of dollars. All these things affect Starbucks’ profits. One month, they may make a big profit. The next month, they may lose money and need to take out a loan to stay in business. But all the while, you know exactly how much you’re getting paid each hour you work. Starbucks can handle these shocks and pay you a steady wage because they spread risk across the entire organization. You don’t even notice if a water main breaks, flooding another location, or if the Director of Operations gets in a car wreck and ends up in the hospital for seven weeks. Your hourly-wage job at Starbucks is mind-numbing, it’s boring, you’re living on rice and beans from Aldi. But, it’s impressively predictable. It beats the heck out of foraging in the jungle and hoping you don’t get pounced on by a puma. Creative work happens in Extremistan A Mediocristan job is a pretty sweet deal if the wage is livable. Though, stable, well-paying Mediocristan jobs are more and more scarce. That’s not the thing I want to talk about. What I want to talk about is how important it is to understand that when you’re doing creative work, you’re not in Mediocristan, rather you’re in Extremistan. An author works in Extremistan Imagine if when you get off your shift at Starbucks, you sit down and write each day. After you build a writing habit and keep it for several years, you finish your first novel. You upload your novel to Amazon, and: nothing. You get a few sales a month. Then one day, you log into your Amazon dashboard, and see a huge spike. You’ve sold 3,000 books, and it’s not even 10 a.m. Turns out an influencer shared your book on TikTok. 3,000 books is just the beginning. Your book becomes a massive best-seller. You sell millions. A big publisher picks it up and distributes it around the world. You’re getting six-figure checks for foreign rights deals, then you get
Released:
Apr 15, 2021
Format:
Podcast episode

Titles in the series (100)

Reconnect with the most powerful fuel of all – the fuel of loving your work. Best-selling author and award-winning designer David Kadavy helps you make it as a creative entrepreneur. Find your creative voice, cultivate the mindset you need to succeed, and be the first to capitalize on new opportunities to make a living making your art. Every Thursday, David presents either a guest or his own learnings from his decade-plus career as a creative entrepreneur. Hear from titans of industry like former AOL CEO Steve Case. Hear from best-selling authors like Seth Godin and James Altucher. Hear from scientists, creators from dancers to a chef to a Hollywood set designer, and visionaries on the cutting edge of creative monetization – whether that's self publishing or blockchain technology. Find out why Wall Street Journal best-selling author Jeff Goins says, "David is an underrated writer and thinker. In an age of instant publication, he puts time, effort and great thought into the content and work he shares with the world." Find out why Basecamp CEO Jason Fried says David has "really good, deep questions, and original questions." Subscribe to Love Your Work today so you never miss a dose of the inspiration and motivation you need to unleash the creator you already know you are, deep inside.