In this snack-sized episode, Roland Frasier will help you to think as he and Elon Musk think. Creatively. Learn how to ax assumptions, question rules, and achieve better win-win scenarios in your deal-making. Roland Frasier is referred to as ‘the smartest guy in the room’ with much respect and affection from fellow entrepreneurs. We want to share his insight and expertise with you on your own entrepreneurial journey.
“Optimization is a linear growth pattern, and innovation is exponential.” Roland Frasier
Who Is Roland Frasier?
As the Co-founder or principal of 5 different Inc, Magazine’s fastest-growing companies (e-commerce, e-learning, SaaS + real estate), Roland is a serial entrepreneur who has built or sold over 30 businesses with adjusted sales ranging from $3 million to just under $4 billion. He’s a mentor and investor and an excellent podcaster too! Read more about Roland here.
Why You Need To Think More Creatively
“When you’re in a deal either acquiring something or selling something, you have a whole bunch of professionals, other entrepreneurs – sharp people, on the other side. And if you want to get what you want and help them get what they want, you need to think creatively.” Roland Frasier
Where To Begin,
- Be careful how you are speaking to other people and the way you’re talking to yourself.
- Identify and define your assumptions.
“What are the assumptions that you have that you’re making every day that are impeding your ability to exit, grow scale, or get leverage in your business? If you’re saying, is this assumption correct? Then you’re thinking beyond the assumption. You’re transcending that assumption.” Roland Frasier.
- Question the rules in place – are they still in place? Do they apply? The rules are constantly changing.
- Use ‘First Principles Reasoning’. Elon Musk says -‘Boil things down to their fundamental truths and then reason up from there’.
“Most of our life we reason by analogy, copying what other people do with only slight variations”. Roland Frasier.
Listen for Roland’s examples drawn from experience, his mastermind members, and Elon Musk.
More From Roland Frasier
To dig in further with Roland, sign up on our home page for our podcast newsletter, and hit subscribe/follow on Apple Podcasts. If you want to binge another episode from Roland, this one (also on mindset) is a favorite.
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