How Can You Easily Reduce Risks?

🔍 In This Episode, We Cover In this episode we discuss the power of first principles where we look at methods such as derisking, avoiding premature optimisation and developing a successful MVP. There are actionable strategies and methods which are discussed not just for business or product development but across your own life with the goals you look to achieve. What is derisking? How it is used by the best investors? Do we optimise too early? What are the problems involved in optimising too early? What is a MVP? What makes a successful MVP? We explore how the top investors apply derisking to test assumptions, minimise risks, the mistake of doing too much work before testing assumptions and how to test your assumptions with these powerful techniques. 🕰️ Video Chapters 00:00 - Intro 00:20 - Derisking: How Do You Test Your Assumptions and Minimise Risk? 01:20 - The Application Of Derisking To Build A Product 08:10 - Where Do Our Assumptions Come From? 09:40 - Is Being Delusional Bad? 12:30 - Importance To Identify Critical Assumption? 14:07 - Premature Optimisation: The Problems With Doing Too Much Work Early? 18:10 - Pareto Principle: To Maximise Output 18:48 - Minimum Viable Product: How To Test Your Assumptions Early? 👍 Support us here: https://www.youtube.com/@Minds.Unleashed 📰 Sign up to our weekly newsletter for more content: https://mindsunleashed.substack.com/ Follow us below 👇 Instagram: ⁠https://www.instagram.com/minds.unleash/⁠ TikTok: ⁠tiktok.com/@minds_unleashed⁠ 🎵 Listen on the go: Spotify: https://open.spotify.com/show/2fW7Rk3URDmHV2dA315Db7 About us: Minds Unleashed is a podcast platform where we learn and gain insights from many different types of individuals. Our mission is to empower, enlighten and expand minds. If you want to collaborate or work with us then email below: [email protected] #criticalthinking #elonmusk #leanstartups #eric #startup #business #assumptions #risking