Bakery Opportunity

  

"Ethan" the Ethereum Trading Bot. 9X Gains Per Year

  

Pet treat manufacture selling to retailers seeking capital to increase manufacturing capacity.

  

You have found the perfect investment if..

  

Mobile Application for Planning Events

  

Own part of a Natural Gas station in Burnaby BC

  

Financing for Warrant purchasing of pre IPO USA Tech startup.

  

Profitable Adventure Park Operator Requires Capital To Add More Locations

  

Lake Muskoka Marina - investment with lots of growth potential!

  

Franchise Opportunity

  

Canadian Cannabis Microgrower

  

Magnaboard Product Launch

  

Commodity export-import trading company ( frozen meat, seafood, dairy )

  

Residential New Home Construction

  

Aumi Light

  

Cedars Taphouse & Grill

  

Multipurpose event venue catering specifically to PC and console gaming enthusiasts.

  

Apartment Development - High Cap rate

  

Automated Drive Thru Intelligent Assistant - via Artificial Intelligence

  

Restaurant Franchising Opportunity

  

Marina US, NC Yacht, Fish and Hunting Sports Center with year around activity

  

Cannabis Production Facility

  

BOAA - Blockchain powered video game

  

Silent Opportunity: $4.5MM for 20% of a Profitable Business Supporting Hydroponics

  

EMPOWER WITH PRIME

  

Make money 24/7 worldwide with WWW.BOOST.CLOTHING

  

"Shoot" Group Picture and Video Sharing App

  

Saskatchewan Grain Farm purchase, 21,000 acres

  

Let's Make Money Together!

  

Let's scale up and cash out!

  

Torque3

  

Cannabis Production Investment Opportunity

  

The Way We Hire is Horrible. WRKS fixes that, with your help.

  

MEGASTACK.IO

  

FinTech in Calgary!

  

Muskoka Bay Resort Pre-construction Condo

  

The Intersection of Retail and Media

  

High Park Brewery ("HPB")

  

Evotrux - Connecting Shippers to Carriers

  

Asset Backed Financing for Generators - Convertible Option

  

 

Canadian Investment Network


Recent Blogs


Pitching Help Desk


Testimonials

"Joined, submitted, we're moving forward. Excellent site, thanks again... "
Steve Smith - EquipmentFX

 BLOG >> Recent

Magical and Functional Thinking [Psychology
Posted on May 17, 2018 @ 10:57:00 AM by Paul Meagher

There are many types of thinking but for the purposes of this blog I propose to divide the universe of thinking into two types: Magical and Functional.

Magical thinking occurs when we don't understand the functional nature of something. Functional thinking occurs when we are attempting to understand how something functions or have figured out how something functions and can apply that knowledge to solving problems.

The world is very complex and our understanding of many aspects of it are at a magical level. How does your car work? How does the forest work? How does your home plumbing work? How does your home electrical system work? How does your computer work? You may think you know the answers to these questions but as soon as you are confronted with the problem of fixing or evolving these systems, some magical thinking is often revealed.

On my walk today I wondered how much of our thinking about starting a business is magical version functional. Some entrepreneurs believe that passion, hard work, and faith are key. This seems pretty magical to me but I don't know that I can criticize it too much in terms of results. Many of our ancestors had this ethos.

There is a bit of magical thinking involved in starting most businesses. The most critical piece of magical thinking are the leap of faith assumptions that define what the startup believes to be true, but without much actual supporting evidence in the early stages of the business. A major goal in lean startup theory is to test these leap of faith assumptions so they become a functional theory of the firm. Some magical thinking is at the core of starting a new business but it generally gets converted to functional thinking as the leaps of faith are tested and refined in the marketplace.

The term magical thinking is often used as as a put down in debates. A recent example is The Magical Thinking of Ecomodernism. The solution to alot of the problems of modernity may not be solved simply through a clear functional understanding of how things work, it may also require some magical thinking involving passion, hard work, and faith that local solutions can be found.

Permalink 

 Archive 
 

Categories


 Agriculture [67]
 Bayesian Inference [14]
 Books [14]
 Business Models [24]
 Causal Inference [2]
 Creativity [7]
 Decision Making [15]
 Decision Trees [8]
 Design [36]
 Eco-Green [3]
 Economics [11]
 Education [10]
 Energy [1]
 Entrepreneurship [51]
 Events [2]
 Farming [19]
 Finance [25]
 Future [15]
 Growth [16]
 Investing [23]
 Lean Startup [9]
 Leisure [5]
 Lens Model [9]
 Making [1]
 Management [9]
 Motivation [3]
 Nature [21]
 Patents & Trademarks [1]
 Permaculture [34]
 Psychology [1]
 Real Estate [2]
 Robots [1]
 Selling [11]
 Site News [12]
 Startups [12]
 Statistics [3]
 Systems Thinking [2]
 Trends [5]
 Useful Links [3]
 Valuation [1]
 Venture Capital [5]
 Video [2]
 Writing [2]