Description

The key to successful thinking time is asking better questions. However, how do we create an effective process for this? In this episode, Shane tackles the principles from the early chapters of the book "The Road Less Stupid" by Keith Cunningham. Tune in as he goes in-depth on the practical strategies to promote changes in behavior and an allocation of resources towards productive thinking time.

[00:01 - 06:11] Digesting the Principles from "The Road Less Stupid"

• Lessons learned from "The Road Less Stupid" by Keith Cunningham
• • Chapter two discusses the value of thinking time. It involves a process and key distinctions.
• The process of thinking time
• • Start with a question. It can be a new question, a prior question, or an expanded question. Minimize distractions. 
  • Add an extra bullet to allow for more ideas. Create a dedicated file for your thinking time sessions. 

[06:12 - 18:31] The Hurdles to Identify to Arrive at Point B

• The core disciplines of thinking time
• • It involves finding the unasked questions for clarity, separating the problem from the symptom, checking assumptions, considering second-order consequences, and creating a machine.
  • Never frame the problem as a statement. It is a better framework for asking questions.
• Losing money in the wrong deal
• • Remember Warren Buffet's number one rule: Don't lose money.
  • Ask yourself the right questions to address the gaps. Identify your point A and point B.

[18:32 - 22:02] Closing Segment

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Tweetable Quotes:

"The core or the root problem is never the obvious gap between where you are (point A) and where you want to get to (point B). So the key to discovering the gap is finding the obstacle that is in your way; the obstacle is the problem… It's not the symptom." - Shane Melanson

"Framing a problem as a statement is a mistake." - Shane Melanson

References:

"The Road Less Stupid" by Keith Cunningham