- Parts of a business - Value Creation - Marketing - Sales - Value delivery - Finance - Is more money flowing in than flowing out? - Is it enough to warrant our effort? - Decision logging - Notice when there’s a barrier to you doing something, reflect on the barrier - What do you need to learn, what experiments might you run? (See [[Experimental mindset]]) - How to synthesize effectively - Reading and thinking broadly, noticing patterns across disciplines - Books along the lines of “how to think about X” - Not trend pieces or biographies - Obsidian is great for this! - Experimentation can trump research - Try to choose a budget of time to make a decision - determine [[Appetite]] up front - For Big Important Decisions you want more budget - For decisions that can tolerate failure it’s better to experiment and take risks - Skill vs Knowledge - Skill is application of knowledge in a real setting - Skill is gained via [[Deliberate practice]] - Need a fast feedback loop - results and reflection ASAP - Coaches, researching, experiments are all examples of FFLs - Ideally you’d have the ability to instantly recognize when something didn’t work - Write down how you think something went, then compare to feedback you got afterward - We all have loss aversion – we don’t want to fail - How to overcome fear? - Book about this: How to Fight a Hydra - Most of our fears come from not acknowledging reality, risk, uncertainty - Face our fears head on and [[Run at the problem]] - When we perceive things as too risky we go into Threat Lockdown - We get defensive, don’t take risks, reduce exposure - The more we can focus on [[Growth]] we’ll get from taking the risk the less threat we perceive - Having a social group that is encouraging and supportive of risk-taking is important - Introduced [[Status malfunction]] #podcast #theknowledgeproject