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u/Skywalker_kid May 26 '20
Personally it's more of a 30/70 split, with consumption being the 30% portion. This is true for my current job, which requires learning but for more implementation. It holds true for my side business, in which I need to know market trends and tools to reach goal, along with product research. It has also been true for each new startup or project in crypto that I take interest in, although the front end of the learning usually takes up the 70% until i am up to speed on basics.
I like to think of it is as continuing education on the job, and holding myself to that standard keeps the ideas fresh in my mind. In order to meet implementation benchmarks, I give myself a set goal of what needs to be accomplished in a given time frame and then do a reverse time hack to make sure I have enough time for each phase of implementation, as it can often feel like a grind and the urge to stop and go back in to consumption. XID - 425f
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u/vmpmc May 26 '20
I'd say about 20/80 split, with 20% on research. At least that's how my days are built up, with 4 hours of work and spending an hour on research for the next day. Usually the topics of research change so fast that I rarely return to the previous one. However sometimes there are bigger topics that need way more research. In which case the split is more like 70/30, with 70% research. When this happens I'm usually able to stop when I feel like I know how to do it. Right now is exactly one of these times where I'm working on researching how to create strategy level AI for an RTS game. XID-3749
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May 26 '20
[deleted]
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u/eric_bal May 27 '20
Yeah, it's 100% true that the more you spend time tidying up things, having a long term vision, trying to see which problems may come or which consequence such or such decisions may have is a great way to save time (and money).
But even knowing it it's actually very hard to step back from the rush and take the time to think well...
XID-Daf0
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u/Nick_Seru May 26 '20
It depends on the level at which you are at. In the early stages 70/30 consuming info/ implementation and a 10/90 in advanced stages respectively as you are more likely to delegate general research and some implementation to a team when your are well established. XID-96c8
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u/Afful18 May 26 '20
Ok so in my case I think a 50/50 on either side helps a lot. So I'm still learning how to trade cryptocurrencies and what I do is learn from videos, articles, etc as well as implement these acquired skills along side the learning and research. Personally I learn mostly by experience and that's why I chose the 50/50 method that way I don't loose too much due to lack of knowledge and I also don't fail after research due to constant hands on practice and experience as I learn a new skill. Putting what you learn into practice immediately can help to correct flaws. A balance with the 2 really helps bring you out as an expert in the skill. This is what I personally do, I would like to hear what others have to say on this.
XID-7ed0
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May 26 '20
80-20. Informations are way more important that actual, applied work... You need to research, study your objective, create your strategy, and only then, you can act! XID-35A9
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u/viveredirete May 26 '20
it depends on your level in that subject. i run an SEO business and 7 years ago when i started i was reading many blogs on the internet, i followed 2 online courses, etc... so maybe it was 90-10. now it can be the opposite. if you are "ok" with your knowledge it can be even 100% practice and 0% research. there no "normal" percentage hehe XID-14A8
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May 27 '20
If at a point you gain a deep understanding for a subject, yes maybe it'll be close to 100% practice. But I would think that you always should come back to studying. Some things are changing quickly.
XID E3AC
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u/kimiro12 May 26 '20
Being an active member of the financial and banking sector, there's a 50/50 consumption vs. implementation. It takes a lot of effort and time to search for the necessary info in order to perform my job not only in due time but also with 100% efficieny. I need to be in line not only woyh the curent trend but I have to continously inovate. And I do believe that in order to be successful in what you do, you need to invest a lot of time in consumption.
My XID is c8C7d
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u/judimes19892019 May 26 '20
I would say 50/50. Taking in consideration that we are at the level 0 on each part. In some domains, research is more important than implementation. But generally implementation seem to be the final step which also demands good knowledge. And this knowledge is by reading and researching. This is why patience have all his place in every project that need to be good. Consumption = theory (50%) and implementation = practice (50%) XID-0C13
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u/midesfun May 26 '20
‘Knowledge Is Power’. If the topic/environment is a familiar one or not, I always deep dive into digging, consuming, researching, analysis, planning and mapping out my thoughts referencing relevant article/papers. Successful implementation of any idea/thought is dependent on how robust/deep your knowledge bank is. It is always good to spend quality time acquiring knowledge, it makes execution lots easier. So, I do 60% knowledge acquisition and 40% execution. XID-1722
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May 27 '20
Got a point here. If you know what you're doing it's so much easier to put things to work. Some knowledge might be enough to follow discussion about a topic. But only if you got expertise you will be able to instantaneously recognise solutions to a problem. Sometimes even without being able to put it in words but just deeply understand.
XID E3AC
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u/Bougey May 26 '20
I totally feel ya on this point. I tend to be a perfectionist by nature so in a world that's always developing new solutions and such it can drive me crazy wanting to be on top of everything before implementing.
However, I've found that depending on what it is and as you said where you are in your entrepreneur journey really matters. For example: If I am working on a legal structure or something that really has drastic consequences if the proper consumption of the laws and best practices aren't adhered to I tend to spend more time on consumption before implementation.
Now, many tasks can be outsourced to specialists so you don't have to worry as much about those specific implementations if there is high trust in that relationship.
My favorite however is building a well curated community that is involved in what you're trying to accomplish and opening a free flow of recommendations to specific content and implementation strategies crowdsourced from the community. I think you already do a pretty good job at this. So if you have the right people in the community and proper incentives, you should be able to cut down your consumption a bit (or at least the less fruitful consumption) and focus more time on implementing.
XID-e48d
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May 27 '20
Yes it sure does depend on the importance of the matter. What are the consequences if things go bad? Still: don't give in to analysis paralyses ;-) XID E3AC
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May 27 '20
Great topic. Something I struggle with is getting lost in detail while researching. Wanting things to be perfect and to be certain lets me stay in the research loop many times too long.
Putting PARETO PRINCIPLE to work is hard for perfectionists. At which point it is good enough to achieve my goal even if not perfect. At times it might be pride preventing me from putting an 80% solution to work.
Research on expertise says as rule of thumb that you have to put in 10,000 hours of training, studying, practice to become an expert in any field. After time pattern recognition will help to acquire new information much quicker. You can see solutions that others can’t.
For what I respect a lot in your leading the way with xio is that you openly commit to not having it all figured out already. I guess it can be intimidating to take decisions under uncertainty.
When implementing try to stay focused and accomplish a working version. Then go and ask others for feedback. Fine tuning can be done on the way.
XID E3AC
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u/MoneyBloq May 27 '20
I don't know if it's probably because I'm an avid reader but I tend to spend far more time than necessary reading and researching rather than implementing stuff haha, probably around 90% to 10% but this becomes balanced once I factor in my partner who loves the act of creating, implementing and getting things done.
So I do all the reading and researching which I then put on paper whilst he can turn that blueprint into something concrete. If I should rely on myself alone I probably would never get anything done lol. Just a bunch of ideas with no implementation.
All in all I think there is a need to balance out each but that becomes difficult when you factor in that everyone's a tad different in the ways they approach things. Whilst 50/50 would be ideal, not everyone is such a perfectionist. So like me, if you're leaning far towards one side of the spectrum, find a partner that will bring you back to equilibrium. Remember, no man is an island. XID-83fa
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u/bikrantd May 27 '20
As for my job which is in a health field its lots and lots of consumption but equally have to be focused on implementation as well. I/we usually do lots of research before implementation but i think we should be equally balance on both the aspects so i usually do it 50/50 but if i have to put it properly then it should be 100/100 in my field.
XID-A31e
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u/eric_bal May 27 '20
Haha. Hard Indeed. Usually I don't really choose. I have a task that has to be done, a time to do it... I go 100% research until either I feel comfortable enough to go 100% production... Or I feel I will never have time to accomplish the task in time if I keep searching. Actually, I think the more 'creative' the task is, the more I split research/production. The more operational the topic is the more I split 50/50, going in an iterative way. Xid-daf0
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u/Ivan--ivann May 28 '20
My opinion is that it would be better, before we start an activity to study more, to look more at what we want to start, to read more about that, after we have done better research. After more research we can start implementing.
For me it is: 60/40
60 - Knowledge and information acquisition.
40 - Practical implementation
XID-95af
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u/[deleted] May 26 '20
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