Episode 045 - Pump The Brakes! Business Broken To Smokin' podcast

11M ago 45:16

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In this episode of the Business Broken to Smokin’ Podcast: Mark and Shane talk about a new tool Mark developed called “Pump the Brakes” - a hack to balance out making decisions with your gut and also with thinking!

Download the tool here: https://lodestonetruenorth.com/podcast-episode-045-pump-the-brakes/

0:00 Intro

4:20 A lot of visionaries are driven by ideas and they often have a sensory operating system.

5:50 How to approach this exercise

Pressure test the idea
Balance emotion with reality
Forced objectivity
Turn over big rocks and see what’s underneath
Help prevent ugly girlfriend syndrome
Hopium antidote
Take a personal retreat and journal all the answers
Helps to get your thoughts in order
Take a significant chunk of time to do this exercise, maybe half a day out of the office
Landing spot for this work could be in your journal

12:21 Step 1 - Park a date in your calendar then go do it

12:29 Step 2 - Take a sheet of paper or your journal and park your idea right in the center. Try to write it out in 10 words or less.

14:09 Reference to the Incompleteness Theorems by Kurt Gödel https://plato.stanford.edu/entries/goedel-incompleteness/

14:56 Questions to start to answer (not in any order):

What are the essential operating principles? (Rabid to written)
Can you paint a picture of failure?
Can you paint a picture of success?
What are your guiding principles? Reference to Ray Dalio’s book Principles
What are you trying solve?
What are some other options?
What is the harm in not doing it?
What is at stake?
What are the essential elements?

(Ref to the Far Side cartoon What the?)

What are some of the missing resources?
What will have to change to do this?
List your trusted advisors and their opinions about this idea

Legal
Financial
Asset management
Coach

Describe the pressing need to do this

36:36 Book reference - American Icon: Alan Mulally and the Fight to Save Ford Motor Company by Bryce G. Hoffman

41:19 Movie reference Tall Tale https://www.imdb.com/title/tt0111359/

** Credits**

Music - What was I thinking by Dierks Bentley

Website: https://www.lodestonetruenorth.com
Website: https://www.bigeasydesk.com (The best co-working space in Northeast Ohio!)
LinkedIn Book Club Group: https://www.linkedin.com/groups/14158790/

LinkedIn Mark: https://www.linkedin.com/in/mark-whitmore-lodestone/
LinkedIn Lodestone: https://www.linkedin.com/company/lodestone-true-north
Lodestone Online Courses: https://lodestone.thinkific.com

Podcast:
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52 episodes