Knowledge Marketplace
My First Million

My First Million

The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.

Back to Mental Models

Just-In-Time Learning

Learn skills and knowledge precisely when you need them for specific situations rather than trying to learn everything upfront

Decision Rule

When facing new challenge, learn minimum viable knowledge to proceed rather than attempting comprehensive preparation

How It Works

Reduces analysis paralysis, increases retention through immediate application, and prevents over-preparation that may not apply to your specific situation

Failure Modes

Learning too late when stakes are very high

Missing foundational knowledge that takes time to build

Making costly mistakes due to knowledge gaps

Appearing unprepared in professional situations

Example Decision

Instead of taking months to study private equity before buying first business, learn due diligence basics when you have a deal under contract, then learn working capital management when you're about to close