new train of thought Flashcards
What is work?
Work = outputs
Outputs = Volume x leverage
Number of times you do something x how much you get out of each time you do it
How do we work faster?
Work rate = volume x leverage/time
Output per unit of time
How can we get more ouput?
In business this = Enterprise value
Doing more vs leverage
Doing more is capped by time and physical ability.
How much you get (leverage) is uncapped
How do you outwork the competition?
You out-leverage them
Leverage
The difference between what you put in and what you get out
How not to get leverage
Do lots of different things (vs 1 thing)
for a short period of time (v. for a long time)
do not get help (v. get help from others)
make all mistakes on your own (v. observe others)
repeat mistakes (v. only make them once)
never change (v. always change & challenge beliefs)
Stages of change
- Uniformed optimism
- Informed pessimism
- Crisis of meaning/valley of dispair
- Crash & burn
- Informed optimism
- Achievement
Most people drop out at #3 and then repeat….
Spinning plates lesson
Focus on the one thing that matters
What is learning?
Same condition, different behavior
What is focus?
One thing; all in
