Eight traits to become a great processor - Deepstash
Behavioral Economics, Explained

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Behavioral Economics, Explained

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Eight traits to become a great processor

  • Ask lots of questions. Having more data leads to making better assumptions
  • Don’t care about being right or wrong. Be only interested only in the truth.
  • Don’t make excuses. Wasting time and effort on why things went wrong is not productive
  • Embrace challenges
  • Be curious. You can’t solve problems without knowledge
  • Prevent more problems than you solve. Spot yellow flags before they turn red
  • Learn to negotiate
  • Focus on permanently solving a problem. Don’t put band-aids on problems

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MORE IDEAS ON THIS

Decide Using Investment Time Return (ITR)

  • Find at least 3 alternative solutions to a given problem. The more choices you have, the better are your decisions
  • Determine the money investment of each solution
  • Determine the time investment of each solution. Is it a 3-month project or a 6-month project?
  • Calculate t...

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Your Drive

You can break down Drive into four categories:

  • Advancement. Wanting to reach the next goal (promotion, deadline, or task)
  • Individuality. Having the lifestyle you desire and the security to do so
  • Madness. Competing a...

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Learn Each Individual’s Love Language

Ways you give and receive love into 5 categories:

  • Quality Time. One-on-one time of undivided attention
  • Words of Affirmation. Appreciate the effort verbally
  • Gifts. Offer something to symbolize your appreciation
  • Acts of Service. Be at their disposal when they need...

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Your Own Blue Ocean

Rather than competing in games where you’re an underdog, find unexplored new markets in which you can win.

Examine both your unique skill set and the competitive landscape to find your “Blue Ocean”.

Process the competitive landscape by asking:

  • Is this a pla...

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Investment Time Return (ITR)

Instead of reacting emotionally to problems, use the Investment Time Return (ITR) formula to reach an objective conclusion.

Investment Time Return formula:

  • Investment. How much will it cost or save
  • Time. How much time will it take or save...

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Master Strategy To Scale: Make People Accountable For Growth

  • Don’t be afraid to call them out when they don’t keep their word. 
  • Ask why they broke their promise. Get a specific answer.
  • Make specific quantitative statements, not blanket qualitative ones. Give them specific challenges to meet that can be measured and have deadlines.
  • ...

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PATRICK BET-DAVID

Don’t complain that the game is rigged. Instead, find a game in which you have a differential advantage.

PATRICK BET-DAVID

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Master Building The Right Team: Fundamentals

Working effectively with others will mean the difference between enjoying the process and desperately seeking a day job while hiding under your desk.

Instead of being selfish and looking to see what you could take from others, focus on what you could give them.

You need to define:

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Master Power Plays: Beat Goliaths

  • Know your weaknesses. Knowing your weaknesses will enable you to pivot when taking on your Goliath
  • Know Goliath’s weaknesses.
  • Master three things you do better.
  • Don’t try to be Goliath.  Don’t copy
  • Specialize. Goliaths tend to generalize in order to spread the...

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Six Ways for Replacement and Skill Transfer

List your tasks and skills. Make a list of all your tasks and skills and determine which ones you are good and bad at.

Identify who’s seasonal and who’s not. Identify who is there to fill a six-year role and who a six-month role

Know the diffe...

958

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Increase Your Speed

Seven-step system to compress time frames and increase speed:

  • Choose a process. One of the best ways to identify a potential business is to find a flawed process that you can improve upon
  • List the steps of the process
  • Remove a s...

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PATRICK BET-DAVID

The less your business depends on you, the more valuable it is.

PATRICK BET-DAVID

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Running Out Of Your Drive

People often feel lost after a big deadline because their driver is suddenly gone.

To solve this, you need to dive deeper into your Purpose.

Define your purpose by asking:

  • How do you want to be remembered?
  • How do you want to make an impact on other ...

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Master The Ability To Reason: The Power Of Processing Issues

Before you act on a problem, you must first “process” what’s happening. The key to success at all levels of business is to know how to process issues:

Optimal processing is:

  • The ability to make effective decisions based on access to information at hand with the highest odds in yo...

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Closing Thoughts

A simple rule of business is that in order to get, you have to give. Most amateurs are experts at making demands. What they fail to do is offer value first. When you put yourself into the other party’s shoes and lead with how they will win and make money, it will be natural for them to give y...

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Replacing Yourself: The Game Plan

As your company grows, you will constantly replace yourself with others.

Alongside the growth, you also need to create a contingency plan to replace any important position.

If you have a plan in place for how to replace every key member of your team, you can handle an unexpected exit ...

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Solving For X

Problems might be different, but the way you process them should not.

You need to give structure to your decision-making.

The ability to solve problems well is the ability to take a complex issue you’re facing and break it down into a step-by-step formula that helps you identify the r...

963

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Know What You Want

Know What You Want

You need to identify what matters the most to you to put a strategy together that fits your level of commitment and vision.

  • Making a plan and committing to it will unleash all the energy and discipline you’ll ever need.
  • If you’re looking to disrupt an industry, you’...

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micmcbrid

Psychotherapist for dance movement

Your Next Five Moves explores how you can improve your business and your life by learning how to strategize.

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