The Surprisingly Large Cost of Telling Small Lies
“I know that lying is bad and telling the truth is good — we learn that as children. But the secret to success? I looked at Peter, confused and skeptical. He nodded and assured me, ‘Complete honesty is the access to ultimate power.’
As we spoke, I started thinking about the little lies I tell every day — often without thinking about it, but not always. I have been guilty of exaggerating a metric here or there or omitting facts for my own advantage. Each time, there is a little voice inside my head that tells me it is the wrong thing to do. I have wondered whether everyone does this or whether it is just me. Could this be what has been holding me back?
I did some research and it seems most of us lie quite a bit. A study by the University of Massachusetts found that 60 percent of adults could not have a 10-minute conversation without lying at least once. …
Peter maintains that telling lies is the No. 1 reason entrepreneurs fail. Not because telling lies makes you a bad person but because the act of lying plucks you from the present, preventing you from facing what is really going on in your world. Every time you overreport a metric, underreport a cost, are less than honest with a client or a member of your team, you create a false reality and you start living in it.
You know the right path to take and choose another, and in so doing you lose control of the situation. Now, rather than tackling the problem head on, you have to manage the fallout from the lie. I know people who seem to have spent their entire careers inflating the truth and then fighting to meet the expectations they have set.”