If you want to start a business, most people think you should learn specific skills (coding, accounting, cooking etc).
In reality, you should be studying psychology.
True business is delegation.
And in order to delegate effectively, you have to know enough to....
In reality, you should be studying psychology.
True business is delegation.
And in order to delegate effectively, you have to know enough to....
1. Choose the right type of people to fulfill your goal
2. Give them some high level rails (strategy, values, culture)
3. Incentivize them to hit it
80% of this is psychology, 20% is understanding the underlying skills...
2. Give them some high level rails (strategy, values, culture)
3. Incentivize them to hit it
80% of this is psychology, 20% is understanding the underlying skills...
Fortunately, you can learn almost everything you need to know about psychology by reading Charlie Munger (listen to his famous speech 'The Psychology of Human Misjudgement') and Robert Cialdini (read his book, 'Influence').
Mental models > skills.
Mental models > skills.
This animated version of Charlie Munger's speech we made a few years ago is a good primer, but it requires deep reading to pound it into your head:
vimeo.com/382219966
vimeo.com/382219966
