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Want To Tackle Problems At Work Like A Boss? Learn This Thinking Approach From Elon Musk

Want To Tackle Problems At Work Like A Boss? Learn This Thinking Approach From Elon Musk

If you’re eager to improve your work performance, you probably consider yourself an ambitious and forward-thinking contributor to the world of business. But let’s face the fact: ambition and hard work alone are not enough to help us overcome numerous hurdles on our career paths. What sends some people to the pinnacle of success is their strong problem-solving ability.

Totally clueless about how to improve your problem-solving skills at work? Maybe you learn and practice the thinking approach adopted by many successful entrepreneurs including Elon Musk, founder of PayPal and owner of Tesla Motors, SpaceX and Solar City.

What is the thinking approach? It’s called First Principles Thinking.

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What Is First Principles Thinking?

There are two types of thinking when it comes to brainstorming and tackling problems; one is comparison thinking and the other is first principles thinking.

Comparison thinking is when you come up with a solution using a mixture of pre-existing ideas. We tend to do this because our minds can become quite limited and often tries to find the easy way out by building on or tweaking an idea that is already out there. The problem with this is we begin the brainstorming or problem-solving from a space of assumption rather than questioning – we build on what has already been established rather than finding and questioning from a new basic level.

First principles thinking is about starting from a clean slate and free from any pre-existing ideas making it a much better approach to problem-solving and creating innovative ideas. It’s about starting with the core fundamental basics and working your way up from there.

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What Are The Benefits Of First Principles Thinking?

By following first principles thinking, it helps you gather a better understanding of complex problems and better knowledge of the unknown leading to unique innovative thinking. Comparison thinking leads us to think in terms of analogy whereas first principles thinking allows us to potentially see something in much finer detail.

How Can I Apply First Principles Thinking?

The best way to use this way of brainstorming is for improving performance at work. Whatever career path you’re on – coming up with new ideas, ways to improve your business or presenting a potential new business strategy to your boss – using first principles thinking will allow you to fully research and understand what will be successful and what won’t be.

The three questions you should use to focus your mind and break free of limited assumptions are:

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  • What am I trying to accomplish?
  • What is the fundamental problem?
  • What really matters to the people I’m reaching with this?

This allows you to get to your core motivation and understanding rather than using an existing idea and trying to see how to make it better.

For example, Musk talked about his thinking behind Tesla, his electric car company. An example of comparison thinking would lead someone to say “electric cars will never take off because batteries are too expensive.” This thought process holds limitations and could well lead to the company not going down a profitable route.

Instead, Musk would ask: What are the materials used to make these batteries? What is the market value of these individual materials? Could we, therefore, produce the batteries much cheaper?” He found it was much cheaper through using the strategy of first principles thinking. By taking this route we are able to break down the components and rebuild them in an affordable way showing the original assumption that batteries are not economical enough is, in fact, wrong.

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First principles thinking is about breaking out of limited thinking and the assumptions that we tend to conclude from previous evidence. It’s about looking at something from a new angle. It’s about questioning until you reach the core answer. Try applying this to your work life and see how the possibilities can multiply.

Featured photo credit: Nicolas Bariteau via nicolasbariteau.com

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Jenny Marchal

Freelance Writer

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Last Updated on February 15, 2019

7 Clever Goal Tracker Apps to Make the Most of Your Business in 2019

7 Clever Goal Tracker Apps to Make the Most of Your Business in 2019

There’s nothing more fulfilling than the sense of accomplishment you get by achieving your business goals.

Gone are the days when you used pen and paper to take notes and manage your work day. As millennials are relying heavily on technology to manage almost everything from finances to their personal fitness, goal tracking apps are also becoming increasingly popular.[1]

In this piece, we will shed some light on 7 such goal tracking apps that you can use to streamline your operations.

I have handpicked these apps from a software rating web services site Best Online Reviews. Industry experts review software on these websites and help businesses to find the right solutions to meet their various, unique business requirements.

1. Aha!

    Aha! is a California-based roadmap software provider and offers excellent goal tracking app that lets you define goals and objectives for projects. The app also lets you list out primary tasks and allows you to focus on them.

    Hosted securely on the cloud, the app offers enhanced communication tools for sharing updates through emails with select colleagues or the entire organization.

    Aha! is available on multiple platforms such as the web, Android, iOS, Windows, etc. and starts from $59 per month per user.

    Available for Web

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    2. Asana

      Asana is one of the more popular project management apps available for businesses. It lets you organize all your team’s work, such as setting up and tracking goals, creating tasks, sharing files and notes, etc.

      Asana also allows your team to organize all their tasks and focus on urgent priorities. Moreover, the app offers a delightful user experience that makes task management simple and easy.

      Asana is available on multiple platforms from PCs and Mac to iOS and Android. Multi-channel adaptability makes Asana the perfect choice to track your goals anytime, from anywhere.

      Available for iOS | Android | Web

      3. Basecamp

        Basecamp is an excellent tool to manage all your team’s projects and keep your activities organized. It opens a new thread for every task and that task is visible by the whole team.

        With Basecamp, you can schedule tasks, add to-dos, discuss tasks by adding comments, add files and attachments, and much more.

        The app is available on both mobile and desktop platforms and costs $99 per month. It is available on the web, Android, and iOS platforms and offers excellent multi-channel access.

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        Available for iOS | Android | Web

        4. Forecast

          An efficient tool for successful task management, Forecast is also a popular goal tracking app. Apart from effective milestone tracking, the app also offers convenient status reporting.

          Forecast uses project history to let you know the status of your current work. Moreover, it uses the power of artificial intelligence (AI) to provide high-quality assistance. It is a robust app for small teams to track goals and time.

          Forecast is available for free and comes with Android and iOS app support. The premium version of the app starts from $19 per month per user.

          Available for Web

          5. Wrike

            Wrike is a cloud-based collaboration and project management app that successfully manages projects from start to finish. It lets you create tasks, track work progress and retrieve reports with ease.

            The app also gives real-time work updates and helps team members to understand their work priorities. A custom report builder helps you to generate in-depth reporting.

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            Wrike’s premium version is available from $9.80 per month per user and is available on multiple platforms.

            Available for iOS | Android | Web

            6. Todo.vu

              Todo.vu is a unique platform that delivers enhanced customer relationship management (CRM), task management, time tracking, and billing functionality in a single app.

              According to Capterra, it’s an ideal app for freelancers and consultants, who are looking for tools to improve efficiency and transparency.

              Although the app is free to use with basic features, the premium plan starts from $5 per month per user. The app also comes with calendar sync and task reminder functionality to keep you on track, always.

              Available for Web

              7. Flock

                Looking for a tool to simplify task management? Try out Flock.

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                Flock comes with enhanced goal tracking and additional features like instant messaging.

                Moreover, Flock offers tons of integrations with tools such as Google, MailChimp, Jira, Dropbox, etc. It is a powerful tool that’s packed with robust features such as reminders, notes, polls and to-dos.

                Even though you can use the tool for free, the paid version of Flock is available from $4.50 per month per user.

                Available for iOS | Android | Web

                Conclusion

                Businesses need high-quality project management tools to streamline collaboration and operations. Enhanced goal tracking apps make it easy for your team to improve productivity by keeping its tasks organized.

                But it’s essential that you choose an app that meets your unique business requirements. You can choose from the above-mentioned apps to streamline operations and improve the productivity of your team.

                Featured photo credit: Alvaro Reyes via unsplash.com

                Reference

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