All of Nick5a1's Comments + Replies

It seems to me that the paraphrasing in parentheses is also preying on the Conjunction Bias, by adding additional detail.

[Forgetting Important Lessons Learned]

Does this happen to you?

I'm not necessarily talking about mistakes you've made which have caused significant emotional pain, and you've learnt an important lesson from. I think these tend to be easier to remember. I'm more referring to personal processes you've optimized or things you've spent time thinking about and decided the best way to approach that type of problem. ...and then a similar situation or problem appears months or years later and you either (a) fail to recognize it's a similar situation, (b) completel... (read more)

Money is just 1 small part of the equation. People are motivated by other things such as freedom (ability to work remotely, set their own hours, set their own holidays), the ability to learn, respect (treating them like a partner/integral part of the business) etc. I haven't read it, but I've heard that Drive by Dan Pink[1] does a really good job at explaining this.

An example of this would be my Hire an Aspiring Entrepreneur strategy, which you can read about here: http://42insights.com/hire-aspiring-entrepreneur/.

The $4/hour part refers to hiring overseas... (read more)

I used metaphors to encode it into a form that would make it easier for me to remember, so it wouldn't be of much use to you. The book is a really quick and simple read, and I highly recommend you go through the process yourself.

Good point. Here are mine:

1. The systems mindset. Almost everything we do is a repetitive task, and for every repetitive task we have a process. It's tempting to think that a lot of what we do is complex problem solving that is not repetitive, but that's not true. We still follow a process to solve seemingly complex problems, even if we don't initially realise it or it initially seems complex. That means most of what we can do can be described and documented. If it can be documented, then it can (a) be systematically optimized and improved, (b) act as a gui

I've systematized enough of my business, and trained people to run those systems, that I can now dedicate the first half of my day to learning about cognitive science, psychology, rationality and other related topics. Just started studying this week!