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The ONE Thing

508. 5 Strategies to Beat Quality Inflation and Stay Ahead

The ONE Thing

NOVA Media

Entrepreneurship, Business, Careers

4.6 • 1.1K Ratings

🗓️ 2 June 2025

⏱️ 32 minutes

🧾️ Download transcript

Summary

Are you succeeding so slowly you think you're failing—or failing so slowly you think you're succeeding?” In this solo episode, Jay Papasan introduces the concept of quality inflation: the idea that the standards for average—and especially extraordinary—performance keep rising every year. Drawing inspiration from the Red Queen Hypothesis and his experience coaching high achievers, Jay breaks down what it takes to stay competitive in a world where standing still means falling behind. We walk through five powerful strategies to help you not just survive but thrive in a high-growth environment: from “reading for what you need,” to modeling excellence, to building accountability into your life. Whether you’re early in your journey or already well into your career, these practical tools can help you identify your biggest opportunity for growth and take the first step toward it. Challenge of the Week: What’s your biggest opportunity for growth—the one you’ve been avoiding because it’s painful, uncomfortable, or ego-bruising? Choose one strategy from the episode (books, courses, mentor, group, coach) and take the first step toward improving it this week. *** To learn more, and for the complete show notes, visit: the1thing.com/pods. We talk about: Why “change is a strategy, not a threat” What the Red Queen Hypothesis can teach us about professional growth Five ways to beat quality inflation in your industry Links & Tools from This Episode: Free Resources Want to be a guest or share feedback? Email [email protected] or send us an audio note at Speakpipe.com/the1thing. Produced by NOVA

Transcript

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0:00.0

A few years ago, at one of our masterminds, my co-author Gary Keller posed this great question.

0:05.3

Are you succeeding so slowly you think you're failing? Or are you failing so slowly you think you're

0:11.3

actually succeeding? And I love the second half of that question because the pace of change

0:17.4

and our awareness of it is really, really hard to grasp unless we're being purposeful.

0:22.3

It's like that nephew that you haven't seen in a year and a half and you're like, wow,

0:26.2

you've grown so much. We realize it because there's a giant gap. But if we were hanging out

0:32.0

with that nephew every single week, we've become a lot less aware of how much they've grown.

0:39.0

And this idea around this whole podcast is the idea of quality inflation. And we'll go deep into it. But basically, the bar for

0:45.1

even average performance goes up every year. And if you're seeking extraordinary,

0:50.0

like all of the followers of the one thing, right, it's the surprisingly simple truth behind extraordinary success, not average success.

0:57.3

That's on a rocket ship.

0:58.8

That goes up even faster every year, the bar for being competitive and for being the very best.

1:04.4

So I want to dive in and give you some strategies for understanding it, for being aware of it, and actually combat it. And just to make sure I've

1:12.1

got your complete attention, I'll share one of my favorite quotes from W. Edward Deming. And it's around

1:17.1

change. And he says, it is not necessary to change. Survival is not mandatory. And that's just a

1:24.0

truth, whether you're battling for resources out in the wild, right?

1:28.0

It's the classic, may the fittest survive. Now, in business, it's the same. You could have been

1:35.4

the innovator. You could have been the newcomer that knock the old king off the hill. But when you

1:41.4

look up at a certain point, if you don't continue to adapt to your

1:44.4

customer's needs, if you don't continue to innovate, someone can be coming for you.

1:49.3

So we have to measure this.

1:50.7

We have to be aware of quality inflation, and we have to be tackling it purposely.

...

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