Unlocking Success: The Hidden Psychology of Problem-Solving for Business Mastery

Decoding the Psychology of Entrepreneurial Triumphs

MindOvation
4 min readNov 14, 2023
Krakenimages on Unsplash

What are the key elements of successful businesses? And how wide is the gap between the top 2% and the rest of society?

The Problem-Solver Role — Essential For Business Success

A business idea needs to

  • Identify clear or hidden problems that have remained unfixed.
  • Understand that challenges and levels of scarcity in our society are constantly shifting, reshaping themselves, and bending the formation of operational processes, which is where a business idea comes in.
  • Spot the problem before anyone else does, or spot problems within an already problem-solved creation, and make it better and of a greater significant impact and value to your target market.

Context

Spot the correct context in which your skills are of the highest demand.

  • Change your perception of business adaptability — innovation and adapting to change at a rapid speed is essential to survive and thrive in the upcoming future
  • Learn which skills you hold and the location of its relevance
  • Observe and research which industries are of the highest and lowest demand in terms of the service executed by your skills and focus area
  • Research the non-obvious industries where your skills have a higher worth, due to the lack of presence

Find Your Why, What, and How

  • Why are you doing this?
  • What is your target market, and where do you hold a competitive advantage?
  • How can you be of the greatest value to the audience? (create surveys for feedback, expand your e-mail list, and become an authority figure)
  • Learn what fuels your audience's desires and needs — ask questions, be curious, and make them a part of the creation of your service and/or product.

Evolving Ideation

Jr Korpa on Unsplash

The world today is a mixture of previous creations, that have been blended, bent, and broken into different sizes, shapes, and forms of materiality and patterns of thought and processes. Let us explore Anthony Brandt and Daniel Eagleman’s ideas from the book: The Runaway Species.

Blend

a process of two existing ideas merging into one.

  • A creation might appear through an ideation of combining them together with an even greater impact and of higher value than the two are separated.
  • For example: multiple features emerging into one product or service can attract a greater amount.

Bend

the action of putting one idea into a new context.

  • One product, one service, one experiment, or even one skill can be of a greater significant change when put into another industry or situation.

Break

something that is “taken apart, and something new assembled out of fragments”

  • Take one idea, break it into fundamental parts, and create your own puzzle piece of ideas and creations
  • Historical figures were seen as hysterical characters, until later, when they stood as the heroes that marked our world

Sweat The Small Stuff

Law 19 in Steven Bartlett’s book, The Diary Of A CEO, states the importance of sweating the small stuff. Often, these are the things we tend to “sweep under the rug”, and here are the key indicators of this:

A selective approach toward the small stuff

is often invisible to the conscious mind, and that’s where the magic happens.

  • A masterpiece is created through obsession and attention to details.
  • A magician shows you the tricks. It delivers pleasure, entertainment, and curiosity. The small pieces building up to this: practice, studying, and creating new and innovative strategies — all go unnoticeable. Yet without them, there would be no magic and no creation.
  • The sleepless nights, the countless hours of research and readings, the large amounts of money invested into courses and events — all part of the essence of success, yet moments that are mostly unseen.
  • Michael Jordan’s shots throughout his career, Kobe Bryant’s practice hours at 3:00 a.m. all by himself — this is where the true masterpiece is created.
  • We tend to take the process of one’s own creation and performance for granted.
  • We forget the long walk of loneliness and dark hours one must live through before the current goal is reached. Don’t judge or believe one’s story by its cover.

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