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5 Ways Entrepreneurs Can Grow in Wisdom

5 Ways Entrepreneurs Can Grow in Wisdom

The dictionary defines wisdom as the “state of being wise; knowledge of what is true or right coupled with just judgment as to action and having sagacity, discernment, or insight.” Wisdom is also knowledge of what is proper or reasonable, and is gained by having many experiences in life.

The famous King Solomon stated that wisdom is more profitable than silver, yields better returns than gold and is more precious than rubies. Solomon’s perspective of wisdom is my favorite.

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Why is wisdom desirable and so valuable? There definitely seems to be a positive correlation between wisdom and wealth, respect as well as fame.

How does one get wisdom? Can it be found in textbooks or taught in schools? Is it found in experiences or is it passed on? Gaining wisdom is a combination of all the above and a little bit more.

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Want to get more of this precious entity called wisdom? See these time tested and demonstrable principles of gaining more wisdom.

1. Desire and seek it

This is so obvious that it is often overlooked, but the first step to gaining wisdom is to desire it and see its high value. It is pretty much the same way as a merchant values fine pearls and seeks them out. Desire puts you in the state of mind that propels you to seek wisdom and therefore create an enabling environment for wisdom to thrive. Napoleon Hill rightly said, “Desire is the starting point of all achievement. Not a hope, not a wish, but a keen pulsating desire which transcends everything.” Desire therefore leads to the right action.

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2. Get out of the cave

In the Allegory of the Cave, wisdom is depicted by Plato as getting out of the cave and coming to see things as “they really are.” To gain wisdom, entrepreneurs and businesses must constantly step out of their world and study how people are behaving, and how they respond to various stimuli both in the business field and their personal lives. Observation in all its simplicity is only practiced consistently by a few.

3. Intentional thinking

The more we think, the smarter we get. There is a difference between thinking and worrying. Worrying dwells excessively on the problem and gets stuck in the paralysis of analysis. Thinking puts the problem and the solution on the same path. Deliberate thinking is single minded, highly focused and goal oriented. It is training the mind to put a particular subject or situation under rigorous mental scrutiny. Thinking for it be effective therefore needs to be deliberate and disciplined, with time set aside in our daily routine to just think. Of course, we all occasionally get those “A-ha” moments. However, deliberate thinking produces wisdom and leads to creativity. The more we make thinking a habit, the wiser we get. Edward de Bono said, “Intelligence is something we are born with. Thinking is a skill that must be learned.”

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4. Be insanely curious.

This naturally follows from a habit of intentional thinking. Curiosity may have killed the proverbial cat, but it is the fuel of great innovators and brand champions. Leonardo Da Vinci attributed most of his genius to his sense of curiosity. He often roamed the countryside, asking lots of questions and searching for answers to things he did not understand. “These questions and other strange phenomena engaged my thought throughout my life.” Curiosity leads you to asking why, which in turn leads to answers, produces great results and adds to wisdom. Apples have always been falling off trees. However it was only the great and insanely curious English scientist Isaac Newton in 1666 who asked why. Before then, no one had asked any questions. His curiosity and study led to the discovery of the now famous law of gravity.

5. Have a mission mindset & sense of purpose

Plato, the first Utopian thinker, wanted to reform society. He created a special school called the Academy with a singular purpose to create not celebrities but great thinkers and ‘guardians’ who would reform and transform society. Steve Jobs wanted to change the way the world used technology, and in the process make “a dent in the universe.” Bill Gates had a vision of putting a computer in every home. Ted Turner was laughed at when he first thought of an all-news TV channel. For such a tiny woman, Mother Teresa had a big vision to change the world, one person at a time, working with poorest of the poor. We all know about Martin Luther King who had a dream that one day.

We all applaud these individuals and credit them with great wisdom. When you have a mission bigger than yourself, a strong sense of purpose and an unflinching reformist agenda, your wisdom level increases. We all live under the same sky, but we don’t all have the same horizon,” said Konrad Adenauer.

Wisdom then is the deep inner knowing. Wisdom is made up of what we know and what we do not know and embracing the gaps in between. We can all grow in wisdom and, with wisdom, we can each create our own special place under the sky.

More by this author

Dr Phil Osagie

Writer & Public Relations Strategist

5 Ways Entrepreneurs Can Grow in Wisdom

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Last Updated on October 16, 2019

5 Proven Memorization Techniques to Make the Most of Your Memory

5 Proven Memorization Techniques to Make the Most of Your Memory

Do you forget stuff every now and then? Are you trying to enhance your memory but not sure how?

All you need is the right memorization techniques to make the most of your memory.

The human brain is fascinating. More specifically, the vast interconnections within our mind. Mendel Kaelen compares the human brain to a hill covered in snow,

“Think of the brain as a hill covered in snow, and thoughts as sleds gliding down that hill. As one sled after another goes down the hill a small number of main trails will appear in the snow. And every time a new sled goes down, it will be drawn into preexisting trails, almost like a magnet. In time it becomes more and more difficulty to glide down the hill on any other path or in a different direction.”

The intent of Kaelen’s discussion is to think of new ways to temporarily flatten the snow. Kaelen remarked,

“The deeply worn trails disappear, and suddenly the sled can go in other directions, exploring new landscapes and, literally, creating new pathways.”

The idea here is to temporarily rewire your brain, or as Michael Pollan remarked in How to Change Your Mind,

“The power to shake the snow globe, disrupting unhealthy patterns of thought and creating a space of flexibility-entropy-in which more salubrious patterns and narratives have an opportunity to coalesce as the snow slowly settles.”

So, how can we rewire our brain allowing deeply worn connections to disappear and new connections to form? The answer is quite simple. We must change the way we store information in our mind.

    Let’s examine 5 specific memorization techniques that will change the way you think and remember information.

    1. Build a Memory Palace

      What is it?

      The method of loci[1] (aka memory palace) is a method of memory enhancement using visualizations with the use of spatial memory. It uses familiar information about your environment to quickly recall information. It is a method that was discussed by Cicero in an ancient dialogue called De Oratore.

      How to use it?

      Ron White discusses in How to Memorize Fast and Easily: Build a Memory Palace, that it’s essentially a room or building that you have memorized and you use locations in the room to store data. Ron informs us,

      “You memorize locations in a room and then you later go back to those locations to retrieve the data that you want to remember.”

      Example

      An easy 5-step example, in the form of a Wiki, can be found at Artofmemory.com. Let’s examine the the steps:

      • Step 1. Choose a place that you know well. For example, your house or office.
      • Step 2. Plan the route and pick specific locations in your route. For example, your front door, bathroom kitchen, etc.
      • Step 3. Decide what you want to memorize. For example, geography, list of items, answers for a test, etc.
      • Step 4. Place one or two items, with a mental image, and place them in your memory palace. Exaggerate your images. For example, use nudity or crazy images forcing it to stick in your mind.
      • Step 5. Make the image into a mnemonic.

      You can learn more about this technique here: How to Build a Memory Palace to Remember More of Everything

      2. Mnemonic

        What is it?

        A mnemonic is a memory device that aids in retention and/or retrieval of information. Mnemonic systems are techniques consciously used to improve memory by helping us use information already stored in long-term memory to make memorization easier.[2]

        How to use it?

        Mnemonics make use of retrieval cues to encode information in our brain allowing for efficient storage and retrieval of the information. The trick is to learn how to easily create mnemonics. If you find that you struggle with creating your own, try the following website: Mnemonic Generator.

        Example

        I recently came across a video using mnemonics to memorize countries. Memorizing Countries using Mnemonics is a video created as an introduction to a class for using memory techniques to learn the names of countries on maps.

        I actively search for videos that provide enormous educational value, yet receive very little exposure. At the time of this writing, this video has received less than 4k views. Let’s examine the video.

        Goal: Create a mnemonic to memorize the countries in the Caribbean (just the countries you need to learn).

        Step 1. Looking at a map – write out each country (for which five were chosen).

        Cuba, Jamaica, Haiti, Dominican Republic, Puerto Rico.

        Step 2. Write the first letter of each country vertically.

        C

        J

        H

        D

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        P

        Step 3. Create a sentence or phrase.

        Cubs

        Just

        Hate

        Doing

        Push-ups

        Cubs just hate doing push-ups. (Cuba Jamaica Haiti Dominican Republic Puerto Rico)

        3. Mnemonic Peg System

          What is it?

          According to Artofmemory.com, a mnemonic peg system is a technique for memorizing lists and it works by memorizing a list of words that are easy to associate with the numbers they represent.[3] These objects are the pegs of the system.

          How to use it?

          The trick is to create a Number Rhyme System with each number having a rhyming mnemonic keyword.

          Example

          Let’s look at an example of a Number Rhyme System:[4]

          0 = hero

          1 = gun

          2 = shoe

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          3 = tree

          4 = door

          5 = hive

          6 = sticks

          7 = heaven

          8 = gate

          9 = line

          Another technique like the Peg system is the Number Shape System.[5] Here you are assigning mnemonic images based on the shape of the number. Watch the following video for an example of this system: Number Shape System for Memorizing Numbers.

          4. Chunking

            What is it?

            Chunking is a way to remember large bits of information by chunking them into smaller pieces of information. We are more likely to then remember the information when we put the small pieces back together to see the entire picture.

            How to use it?

            In the video Chunking – A Learning Technique, we can see that there are several ways to chunk information.

            Example

            Let’s examine a simple example using a nine-digit number.

            Step 1. What is the number you are trying to remember?

            081127882

            Step 2. Cut the number into smaller pieces through chunking.

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            081 – 127 – 882

            Let’s look at one more example from the same video.

            “Piano teachers will first demonstrate an entire song to students. They will then ask their students to practice one measure at a time. Once the part has been learned and the neural connections in the brain have been built, then students go on to the next measure. After all chunks have been played separately, they are combined until the entire piece is connected.”

            5. Transfer of Learning

              What is it?

              Transfer of learning is a way to learn something in one area and apply it in another. Authors of Thinking at Every Desk, Derek and Laura Cabrera inform us about the transfer of learning,

              “If a student has a high transfer skills, she can learn one thing and then teach herself 10, 50, or 100 additional things.”

              How to use it?

              There are two specific ways to use it:

              1. Vertical Transfer (aka Far Transfer). Think of learning something in grade school and applying it another grade or later in life.
              2. Horizontal Transfer (aka Near Transfer). Think of learning a concept in history and applying it in math.

              Example

              I provide a detailed step-by-step example for this technique in this article:

              Learn How to Learn: How to Understand and Connect Difficult Ideas Easily

              The Bottom Line

              The key to using the techniques discussed here is to remember that we must actively think about information.

              We cannot simply drill information into our brain through rote memorization. We must change the way we think about memorization. We must find a way to “shake the snow-globe” in our mind or flatten the snow so that we can create new learning paths.

              Or as Derek and Laura Cabrera point out, we must insert “Thinking” into the equation,

              “Information X Thinking = Knowledge”

              More About Enhancing Memories

              Featured photo credit: Nong Vang via unsplash.com

              Reference

              [1] Remember Everything: Memory Palaces and the Method of Loci
              [2] The Learning Center Exchange: 9 Types of Mnemonics for Better Memory
              [3] Art of Memory: Mnemonic Peg System
              [4] Art of Memory: Number Rhyme System
              [5] Art of Memory: Number Shape System

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