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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

A passionate writer who loves sharing about positive psychology.

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Last Updated on August 13, 2020

12 Essential Apps for Entrepreneurs To Be Highly Productive

12 Essential Apps for Entrepreneurs To Be Highly Productive

If you are an entrepreneur, then you are aware of the importance of time management. There are only 24 hours in a day, which means you must manage your hours properly to be able to get a lot of work done.

With so much on your shoulders, you need to get organized. How do you achieve that? You do it by becoming tech-savvy and incorporating productivity apps to help you remain on the right track. Below are 12 essential productivity apps for entrepreneurs.

1. Evernote

    Evernote makes it on the list because of one simple reason, besides being your little note book for scribbling your thoughts: Its freeware version is available for Web, iOS and Android. Stay organized across all your devices. Sync files, save Web pages, capture photos, create to-do lists and record voice reminders. What more do you need? Apart from all this, you can also search your tasks on the go.

    2. DropBox

      DropBox delivers instant connectivity and enables the sharing of photos, documents and videos with any laptop or mobile device through the free cloud-based file-storing service. This app is extremely handy for sharing files with your team, which prevents back-and-forth emailing. With the version control feature, you have a convenient way of sharing the latest version with your team.

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      3. Audible

        Ever wondered where entrepreneurs get their ideas from? Surely, they aren’t born with them! Any established entrepreneur you come across is probably very well-read. Hint: Take a chance at reading books and gaining knowledge to spruce up your mind. To help you do just that on the go, try Audible. It lets you listen to books without having to actually focus on reading while you are out travelling or just doing chores.

        4. TripIt: Travel Planner

          Being an entrepreneur means a lot of travelling. It gets hard to keep track of travelling schedules and bookings. With TripIt you no longer have to worry, because it organizes your travels by forwarding your booking confirmations to an email address.

          5. Lastpass

            “Errr…so what was the password?” With so many things on your mind, it can be cumbersome to remember passwords that are usually a combination of various letters and numbers. With a freeware version available for PCs and Macs, Lastpass is your personal-password manager, and form filler, that frees you from remembering your passwords. It costs $12 for the premium version that is available to download on your mobile device.

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            6. Any.Do

              Want to enter tasks on your iPhone? Use Any.Do. With its simple interface, you can add tasks either by speech or typing. If you’re logged on to your Facebook account, you can even share tasks with your contacts. Want to be alerted about a task? Add an alarm, and highlight it so that it takes precedence over other tasks. You can also add further notes and put them in a personal or work folder. The app also allows syncing with other devices to make sure you are always at the top of your game.

              7. CamCard

                Entrepreneurs attend several conferences during the year where they meet useful contacts. Exchanging business cards is the norm in conferences, but it is also very easy to lose a business card and, ultimately, a  business prospect! Don’t let this happen to you. With CamCard, you can take a picture of your business card and have all the details automatically uploaded into your phone contacts and other email accounts. Because of its accuracy, you can be assured of flawless scanning. The best part is that you can sync data across other devices too. The app is usually free for iPhone, but its cost on other mobile phones is $3.26.

                8. Flowdock

                  A mix of chat and inbox tools, Flowdock is a convenient way of collaborating with team members on various projects. The best part is that the app works on most browsers and mobile platforms, and it gives you features such as drag and drop, file uploads and activity streams. Your team members can get instant updates about any change on the project to which they can respond through chat messages.

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                  9. Instapaper

                    The Internet is filled with blogs and articles. Amp up your creativity by reading new posts at a time that suits you. Through Instapaper, you can save an interesting article to read at a more convenient time and in a reader-friendly format.

                    10. Expensify

                      While travelling, you probably want to keep your receipts to claim office expenses once you get home. But why go through the hassle of keeping all these receipts when a smartphone can do the same for you? By using your phone’s camera, you can take pictures of your receipts as a digital record in chronological order. Expensify also lets you log mileage, meal expenses and other business-related travel costs.

                      11. Upwork

                        Screening through resumes and tracking applicants can be cumbersome. You want to hire the best possible people for your company without wasting too much time scanning resumes. So use Upwork to help you perform these tasks; the app helps you manage the entire hiring process. This allows you to spend more time hiring instead of doing manual paper-work sorting out resumes.

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                        The app is also online so it receives all resumes in one place and tracks each candidate’s progress through application stages.

                        12. Zoom

                          Probably the most effective method for remaining in touch with all your employees, Zoom has become an office norm for instant communication and connectivity. With its app version available for mobile phones, connectivity has taken a new form by allowing entrepreneurs to schedule and attend important business conference calls on the go.

                          Bottom Line

                          By using these productivity apps, you have a better chance of organizing a systematic approach for performing tasks. There are many entrepreneurs who are striving for success. However, only a few stand apart on the basis of their work ethic and capacity to grow by incorporating smart apps in their routine.

                          Allow yourself a competitive edge by incorporating these handy productivity apps to enhance your company’s growth.

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