MINDSETOngoing practice

The Persistence Playbook

Keep going until you get lucky, then pivot to stay lucky

Problem it solves

limiting beliefs

Best for

Entrepreneurs in the messy middle of building a business who are tempted to give up due to setbacks, slow growth, or competitive pressure

Not ideal for

People at the very beginning of their dream journey who have not yet launched or taken their first risk

Overview

Why this framework exists

The Persistence Playbook distinguishes between dumb persistence (putting your head down and walking in the same direction regardless of results) and smart persistence (carrying on while constantly evolving, pivoting, and adapting). Squibb argues that persistence is the single quality that most separates winners from losers, but only when it is intelligent persistence aligned with purpose.

The framework has three modes: pure persistence (staying visible and relevant until opportunity arises), persistence through adversity (surviving crises that would cause most people to quit), and pivot to persist (reinventing your business model when the world changes around you). Each mode is illustrated through real examples from both Squibb's career and iconic companies.

Squibb's central insight is that luck is not random. You can hack luck by being persistent, because the longer you stay in the game and the more chances you give yourself, the more likely something will fall your way. Most people give up before they get lucky.

Core principles

5 total
  1. If you are persistent, it allows you to get lucky, because persistence gives you more chances
  2. What we call luck is often just boring math: more visibility to more people equals more opportunities
  3. Persistence through adversity does not just help you survive; it makes you stronger for the next crisis
  4. Smart persistence means evolving and pivoting, not stubbornly repeating what has stopped working
  5. If you stop, someone dies: maintain the intensity of purpose that a dream demands

Steps

3 steps
  1. Practice Pure Persistence
    Stay visible and relevant to the people who matter. When someone says no, do not give up; find different ways to stay in contact by adding value rather than repeating your pitch. Send useful articles, seasonal greetings, or insights about their business. The worst thing in business is being forgotten. Real closers stay in the game until the moment arrives when they can make the sale.
    Pro tipMediocre salespeople follow up a handful of times and give up. Real closers find ways to keep the conversation going through interactions that are not sales pitches, until the moment arrives naturally.
    WarningDo not confuse persistence with pestering. Add value with every interaction. Bombarding targets with unsolicited sales messages will damage the relationship.
  2. Persist Through Adversity
    When a crisis hits (and it will), resist the urge to tell yourself a comforting story about why failure was inevitable. Most times, there is another way if you push harder or look more closely. Use adversity as training: each crisis survived makes you stronger and more resilient for the next one. Embrace Jensen Huang's philosophy that character is formed through suffering, not through intelligence.
    Pro tipThat sick feeling in your stomach during a crisis is a reminder that you made it through before and will make it through again. Learn to treat adversity as a teacher, not a tormentor.
    WarningWhen things get hard, the single path splits into two: give up or go through hell to carry on. Most people choose the easier path and then blame bad luck for their failure.
  3. Pivot to Persist
    Persistence does not mean walking in the same direction regardless of results. Constantly adapt to a changing world. When your business model stops working, reinvent it. The world's most successful brands (Instagram, Netflix, Starbucks, YouTube) all pivoted dramatically from their original models. Ask yourself: is the warning sign a temporary setback or a signal that the entire approach needs to change?
    Pro tipBubble Wrap was invented as wallpaper, then tried as greenhouse insulation, before IBM started using it as packaging. Instagram started as a location check-in app called Burbn. Be willing to strip back to the feature that works and rebuild around it.
    WarningConvincing yourself that you will be fine if you carry on as you are is not persistence; it is stagnation. Saying 'that new technology sounds expensive' or 'those competitors will not last' is the complacency that fills business graveyards.

Checklist

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Examples

3 cases
The Fifty-Client List at Fluid

In his first month at Fluid, Squibb contacted fifty dream clients. Not one agreed to a meeting. He kept contacting them for nine years, adding value with each interaction rather than repeating sales pitches.

OutcomeWithin the first year, several became clients. After nine years, every single one of the fifty had worked with Fluid. Pure persistence hacked luck by maximizing the number of chances.
Nvidia's Thirty-Day Brush with Death

In 1996, Nvidia diverged from industry standards to create better graphics chips. The launch was a disaster. The company had only enough cash for one more month of payroll. Founder Jensen Huang estimated fifty-fifty odds on the next product working.

OutcomeThe gamble paid off: a million chips sold in four months. Nvidia survived to become a trillion-dollar company. Huang made the phrase 'our company is thirty days from going out of business' a permanent rallying cry to maintain urgency.
Fluid's SARS Pivot

In 2003, the SARS pandemic shut down Hong Kong and destroyed Fluid's branding business overnight. Rather than folding, Squibb hired people laid off from other companies who had e-commerce expertise and built a new digital practice from scratch.

OutcomeBy the time normality returned, Fluid had a whole new arm of the business that made it stronger and more diversified. The crisis pivot also created a playbook that proved invaluable during the 2007-2008 financial crisis.

Common mistakes

3 traps
Confusing persistence with stubbornness
Dumb persistence means repeating the same failing strategy and expecting different results. Smart persistence means maintaining your commitment to the dream while being flexible about the method. Blockbuster had the right strategy to compete with Netflix but gave up on it due to internal politics and debt, not because the strategy was wrong.
Telling yourself a comfortable story after giving up
People blame the financial crisis, a pandemic, algorithm changes, or bad luck for their failure. In most cases, there was another path if they had looked harder. These narratives feel good but they are lies that prevent learning.
Becoming too reliant on a single client or revenue stream
Squibb almost lost Fluid when his biggest client, a major bank, suspended payments for ninety days. If he had failed, he would have blamed the client, but the real failure would have been allowing that dependency in the first place.

Origin story

How this framework came to be

At Fluid, Squibb wrote a list of fifty dream clients in his first month. Not a single one agreed to a meeting. Rather than abandoning the list, he contacted them repeatedly over years, adding value with each interaction rather than making sales pitches. Within the first year, several became clients. After nine years, every single one of the fifty had worked with Fluid. This nine-year experiment in pure persistence became the foundation of his belief that staying in the game long enough is what creates luck.

Source

Traced to primary
Source · BOOK
What's Your Dream?
Simon Squibb · 2025
Open source →

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