Is Critical Thinking Important for Entrepreneurs?

Friday, November 30, 2007 at 4:00pm by Site Administrator

As a long-time proponent of criticial thinking, I’ve always felt it’s an important skill to us as humans. But is it important to the success of a business, or can you overthink think things? And is critical thinking even taught in school anywhere? I don’t mean touched upon, I mean really taught.

Having long ago decided not to do an MBA [NY Times; possible registration required], I couldn’t tell you if critical thinking is taught as any part of such a degree program. I suspect it’s not, though that doesn’t mean those graduating with MBAs dont learn critical thinking skills during school. Most critical thinkers I’ve crossed paths with learned by themselves, though there are a few teachers out there trying to change things for the better.

On the other hand, you can over-think things sometimes. If you over-analyze, you get to the point where you start doubting your abilities to launch a successful business. You get stuck in a cycle where you come up with great ideas but endlessley analyze all the things that can go wrong. This cripples you and prevents you from Getting Things Started,which has to come before you can be productive.

In my experience, critical thinking is good for coming up with a better way to do something old, not necessarily to come up with new products. But if you embark on a course to be a critical thinker, don’t confuse this with pure analysis in a business sense.

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1 Comment »

  1. I think that critical thinking is a central life skill, and not just for Entrepreneurs. It teaches you good thinking and the ability to spot errors of reasoning, and to extract bias. That alone is enough to make you a sharper Entrepreneur. They should teach thinking more in schools, we’d have better businesses. Overthinking is an altogether different issue.

    Comment by Benjamin — December 1, 2007 @ 7:21 pm

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