The Wisepreneurs Project cover image

The Wisepreneurs Project

The Reality Check: Testing Business Ideas Against the Real World with Cedric Chin

Aug 23, 2024
01:09:58

Ask Nigel Rawlins a question or send feedback, click the link to text me.

In this episode of the Wisepreneurs Podcast, I spoke with Cedric Chin, the founder of Commoncog, to explore his unique approach to accelerating business expertise. 

Cedric shares his journey from leading a startup in Vietnam to establishing Commoncog, a platform that rigorously tests business ideas against real-world scenarios. 

The discussion delves into key concepts like cognitive agility, Lia DiBello's triad model of business expertise, and the challenges of mastering business skills quickly. 

Cedric also draws parallels between his experiences in Judo and business, offering valuable lessons on mental strength and strategic thinking.

Key Themes:

  • Testing Business Ideas Against Reality: Cedric’s approach to validating business concepts through real-world application.
  • Cognitive Agility: The importance of adapting to new information and changing market conditions.
  • The Triad Model: Understanding the three essential legs of business—Operations, Market, and Capital.
  • Lessons from Judo: How Cedric’s intense training regimen influenced his business approach.
  • Expertise Acceleration: Strategies for speeding up the acquisition of business skills.

Mentions:

  • Commoncog: Cedric's platform focused on practical business education.
  • Leo DiBello’s Triad Model: A framework for evaluating business expertise.
  • Naturalistic Decision Making: A method Cedric discusses for extracting tacit knowledge from experts.
  • Deliberate Practice: The limitations of this method in business contexts.

Guest Offers:
Cedric invites listeners to explore the resources available on Commoncog, where they can find in-depth articles, case studies, and a wealth of knowledge on business expertise. Sign up for his newsletter for regular updates and access to free content, including articles on expertise acceleration and case studies that ground theory in real-world examples.

Contact Details:

Support the show

Connect with Nigel Rawlins

website https://wisepreneurs.com.au/
Linkedin https://www.linkedin.com/in/nigelrawlins/
Twitter https://twitter.com/wisepreneurs

Please support the podcast
https://www.buzzsprout.com/2311675/supporters/new

Stay one step ahead with The Wisepreneurs Insider newsletter
As a subscriber, you'll get:

  • Sneak peeks at upcoming must-listen podcast episodes and guests
  • Bonus wisdom straight from recent guest experts
  • Marketing tips to attract your ideal clients
  • Productivity hacks to streamline your independent business
  • And more exclusive insights are delivered right to your inbox!
  • Don't miss out on these invaluable resources
  • Subscribe now and gain the edge you need to survive and thrive as a wisepreneur

https://wisepreneurs.com.au/newsletter

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode