Essentialism Flashcards
1
Q
Definition of essentialism
A
Relentless pursuit or less but better
2
Q
Paradox of success
A
success-over reaching-diffusing your original success
3
Q
decision fatigue
A
the more decisions we make the worse they get - limit on mental bandwidth
4
Q
Clothes analogy - closet
A
The more clothes you have the more cluttered it all looks. Don’t ask yourself will you wear this again… Ask yourself do you absolutely love this?
5
Q
Sunk cost bias - eliminating
A
Would you respend the time on this if you didn’t already invest?
6
Q
3 tools of essentialism
A
explore-eliminate-execute
7
Q
The law of the vital few / 20/80 rule
A
20 percent of everything we do makes up 80 percent of production
8
Q
minimum viable product
A
done is better than perfect - don’t spend so much time on the unnecessary details
