BigDeal #69 How To Get Paid More: The Problem Size Framework
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May 26, 2025 Discover how tackling significant challenges in business can lead to substantial profits. Learn to effectively prioritize problems using a valuable framework. Dive into the decision-making process with the Rice Score, which helps evaluate opportunities. Gain insights from successful entrepreneurs who turned difficulties into successful ventures. It's all about viewing problems as pathways to financial success!
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Elon's Weekly Problem Loop
- Elon Musk consistently identifies and solves the biggest problem at each of his companies weekly.
- This continuous problem-solving loop is simple in theory but brutal in practice.
Reframe Problems as Growth Opportunities
- Problems in business are growth opportunities, not setbacks.
- Finding a problem reveals bottlenecks obstructing the flow of money.
Problem Size Correlates to Earnings
- The bigger the problem you solve, the bigger your earnings potential.
- There is a direct correlation between problem size and money that can be made.