Source: Ladders | Business News & Career Advice
By the age of 46 years old, Elon Musk has innovated and built three revolutionary multibillion-dollar companies in completely different fields— Paypal(Financial Services), Tesla Motors (Automotive) and SpaceX (Aerospace).
This list doesn’t even include Solar City (Energy), which he helped build and acquired for $2.
6 Billion recently.At first glance, it’s easy to link his rapid success, ability to solve unsolvable problems and genius level creativity to his incredible work ethic.
Musk himself stated that he worked approximately 100 hours a week for over 15 years and recently scaled down to 85 hours. Rumour also has it that he doesn’t even take lunch breaks, multitasking between eating, meetings and responding to emails all at the same time.
No doubt work ethic plays an important role in unlocking your inner creative genius and becoming the best at what you do—but there’s more to this—there are extremely hard-working people who still make little progress in life and die before sharing their best work with the world.
What then is this missing link for innovative creativity and accelerated success?
Just like Musk, some of the most brilliant minds of all-time—Aristotle, Euclid, Thomas Edison, Feynman and Nikola Tesla—use this missing link for accelerated learning, solving difficult problems and creating great work in their lifetime.
This missing link has little to do with how hard they work. It has everything to do with how they think.
Let’s talk about how you can quickly use this genius problem-solving method.
First Principles Thinking
During a one on one interview with TED Curator, Chris Anderson, Musk reveals this missing link which he attributes to his genius level creativity and success. It’s called reasoning from “First Principles.”
Musk: Well, I do think there’s a good framework for thinking. It is physics. You know, the sort of first principles reasoning. Generally, I think there are — what I mean by that is, boil things down to their fundamental truths and reason up from there, as opposed to reasoning by analogy.
Through most of our life, we get through life by reasoning by analogy, which essentially means copying what other people do with slight variations.
In layman’s terms, first principles thinking is basically the practice of actively questioning every assumption you think you ‘know’ about a given problem or scenario—and then creating new knowledge and solutions from scratch. Almost like a newborn baby.
On the flip side, reasoning by analogy is building knowledge and solving problems based on prior assumptions, beliefs and widely held ‘best practices’ approved by the majority of people.
Essentially, first principles thinking will help you develop a unique worldview to innovate and solve difficult problems in a way that nobody else can even fathom.
Here’s how you can quickly use this in 3 simple steps recommended by Elon Musk himself.
STEP 1: Identify and define your current assumptions
“If I had an hour to solve a problem, I’d spend 55 minutes thinking about the problem and 5 minutes thinking about solutions.”
– Albert Einstein
Here are some examples from everyday life in business, health and craft.
“Growing my business will cost a lot of money.”
“I have to struggle and starve to become a successful artist.”
“I just can’t find enough time to workout and reach…
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