Chapter
Decision-Making Hacks for Faster Results in Business
43:10 - 47:58 (04:48)
In this podcast, the host talks about various decision-making hacks that can prioritize speed as a factor and help in speeding up the process of making decisions. He emphasizes the importance of taking up unexpected opportunities and raising more money than needed to carry the business in new directions.
Clips
Mariam, despite the economic crisis in 2008, launched her risky experimental business idea into the world.
43:10 - 44:40 (01:30)
Summary
Mariam, despite the economic crisis in 2008, launched her risky experimental business idea into the world. The importance of raising more funds and being prepared for unexpected opportunities is emphasized in this podcast.
ChapterDecision-Making Hacks for Faster Results in Business
Episode#248: The 10 Commandments of Startup Success with Reid Hoffman
PodcastThe Tim Ferriss Show
Ben Casnocha employs several decision-making hacks to prioritize speed when making provisional decisions instinctually based on the current information and note what additional information he would need to disprove his decision and go get that.
44:41 - 46:38 (01:57)
Summary
Ben Casnocha employs several decision-making hacks to prioritize speed when making provisional decisions instinctually based on the current information and note what additional information he would need to disprove his decision and go get that. One of the core tenets of founding a startup is speed.
ChapterDecision-Making Hacks for Faster Results in Business
Episode#248: The 10 Commandments of Startup Success with Reid Hoffman
PodcastThe Tim Ferriss Show
In order to move fast, it's okay to have a certain level of error rate in decision-making.
46:39 - 47:58 (01:18)
Summary
In order to move fast, it's okay to have a certain level of error rate in decision-making. Emphasizing the trade-offs between speed and accuracy, good managers should be willing to accept some mistakes made out of haste.