Mental Model Posts ‘Synthesis’

Three Mental Models of Successful Entrepreneurs

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Photo by Stuck in Customs

Almost every aspect of business would be considered a soft science.  This means there are no strict rules for starting, managing, or growing a business.  It also means business is more art than science.

Without the predictive ability to determine success, it’s better to develop a system of thought.  And the best system of thought is a latticework of mental models.  Induction, or the prediction of unobserved events from knowledge of observed (similar) ones, is the result of a well constructed latticework.  And induction is the ability to go from specific concepts to a multidisciplinary understanding of the world.  This ability is critical in entrepreneurship.

There are three mental models that should constantly be on the forefront of every entrepreneur’s mind.  Read More »

Why Cute Ideas Die: The Execution Factory

Execution Factory

Photo by Stuck in Customs

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There’s this myth that all you need in business is a good idea and you’re going to be rich.  I’ve never seen it work out that way.  Derek Sivers (formerly of CD Baby) made this a lot easier to understand when he explained his version of the difference between ideas and execution in this blog post.  He basically says the value isn’t in the idea itself, but in the execution of the idea.  And in my experience, he’s right.  Read More »