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Have you ever told yourself, “If only I had more time, more money, or more connections, then I could put into action the big plans I have for my life?”

Well, my guest on the podcast is here to tell you that those extra resources might actually hurt you more in the long run than if you just embraced and used what you already have at hand. His hame is Scott Sonenshein, he’s a professor of business management at Rice University, and his latest book is Stretch: Unlock the Power of Less and Achieve More Than You Ever Imagined. Scott highlights case studies from the world of business which show that companies that try to get more resources — like money or employees — actually have a higher failure rate than companies that try to make do with the resources they already have at their disposal.

Today on the show, Scott and I discuss why chasing more resources often leads to failure, and why learning to stretch and use what you’ve got can give you a competitive advantage in business and in life. Scott then shares insights he’s gleaned from the world of business on how the stretching principle can help you achieve your personal goals. We then dig into the science of why constraints make us more creative and scrappy, why planning is overrated (and why you should put a premium on action), and why it’s so hard to stretch even though we intuitively know it comes with lots of benefits.

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