Think Fast; Speak Smart

[Edition #23] [3 min read]

Ever been in one of those intense meeting where everyone’s firing off ideas left & right?

But when it’s you turn to talk, you brain shuts down & you go blank?

I’ve been there too, many times, & know it’s not a pleasant feeling.

But guess what?

You don’t need to be a genius to talk smart.

Just like any skill you can master the art of thinking fast and speaking smart by learning to think in frameworks.

Intrigued? Let’s dive straight in↓

Okay So What Are Frameworks? (WDYM lol)

Remember those flow charts that you would see on the walls back in your HS classes?

For example, something like this…

Think of frameworks as roadmaps to easily understand a concept’s essence.

In this context, we’ll learn how to build those frameworks in our mind.

Lemonade Stand Money Framework

Let’s look at a simple example.

Imagine you’re tasked to run a lemonade stand.

How much money you make (that's revenue) comes from two things:

• how many cups of lemonade you sell (that's units)

• how much you charge for each cup (that's price). So, revenue equals cups sold times price per cup. Boom! Easy, right?

So, what we learned from this is that revenue equals cups sold times price per cup.

You can see how things like sales and prices affect your cash flow.

Now, it gets even cooler when you connect frameworks.

Like, take the idea of making money and then think about how much you're spending.

That's where the "profit equation" comes in handy.

By breaking down costs, you can see where you're making or losing money.

The 3 Steps Towards MMM

MMM = Mental Model Mastery.

Step 1: Build Your Framework Library

LinkedIn is a great place to do this.

There are so many creators that breakdown complex concepts through frameworks vis graphics.

Here are some of mine:

Step 2: Create Simplified Formulas

Once you've identified the key components, simplify them into easy-to-understand formulas.

For revenue, it could be as straightforward as "Revenue = Units Sold x Price."

This formula serves as a framework that helps you understand how different factors contribute to the overall outcome.

Step 3: Apply. Learn. Embed. Apply Again (ALEA)

Now that you have your framework, apply it to various situations.

Whether you're analyzing a business model, evaluating a marketing strategy, or even justifying a personal decision, use your framework to systematically assess the situation and make informed choices.

Climb Further

Check out there other resources to learn more!

• Think Fast Talk Smart Podcast

Note: Not Sponsored

Range Recap

Please share this edition to help others! ♻

Till next time, take care & stay well, my friend. 😊 

-Payal