CreateWealthy The stock investing blog Buffett Reads. everyday

Here are nine strategies- 1.Calculate probabilities in modern terms When determining whether to complete a task / procrastinate, your brain runs a cost-benefit analysis that incorporates an estimate of the probability that you won’t ever need to complete the task. Where there was a more significant probability that we wouldn’t need to complete the task, and if you overestimate the probability that you won’t need to complete the task, you won’t be energized to complete it until the last minute. So, make a more accurate estimate of the probability that you won’t need to complete the task based on modern times and modern individual expectations. Be conservative and take into account that things often take longer than expected. Here are four action steps for re-calculating the probability of your obligation: Estimate the probability that you’re not going to be obligated to do whatever it is you need to do. Take into account your brain’s tendency to perceive the probability as being...

cancel junk mail for all. Recycle for everyone. Share fresh food with all around you. Trim YouTube videos. report poor search engine results. Go for a walk and recycle the litter you find.

5 steps to facilitate progress through a system that in total should take about 30 - 40 hours to complete over a week or two. TL;DR Add rigor and discipline to your brainstorming and idea evaluation process: Build lists of potential customer types and business or pricing models. Evaluate the opportunities where these lists overlap. Then, exit your ivory tower and evaluate the top ideas with real potential users, customers, or suppliers. This will improve your likelihood of success and waste less time down the road, even if you pivot from your original idea.  There certainly are simpler answers like, “pick an area that is trending”, “look for a large market that hasn’t changed in 10 years”, or “convert your hobby into a business”. Unfortunately those aren’t particularly helpful, and since this question comes up often in discussions. - implementing the idea is the hard part. Three primary paths to a new business idea 1. The spontaneous idea:  The dots sudde...