There’s a simple concept called The Knowledge Pie.
This concept segments one’s personal knowledge into three key areas; what we know, what we know that we don’t know, and what we don’t know that we don’t know. You might want to read that again.
An example to better explain: Jane, a young qualified plumber and business owner, knows how to do plumbing. She also knows that she does not know how to do a Tax Return… or orthopedic surgery. However, she doesn’t know that she does not know that if she tightened her Terms of Trade and debtor management policy, she’d get paid faster and improve her cashflow, making her business life less stressful and more successful.
No-one knows what they don’t know.
Many people think this ‘cluelessness’ is a lack of experience thing that affects young people… but everyone, even experts, are completely unaware of what they don’t know that they don’t know.
Imagine the average pie for any person… it could be lemon meringue or steak and cheese – you choose. Now, cut your pie in half and cut one half in half again (creating two quarters). One quarter represents what you know, one quarter represents what you know you don’t know, and the half represents what you don’t even know that you don’t know.
How do I learn about what I don’t know even know that I don’t know?
Some ways to grow your knowledge this year:
Growing your knowledge can grow your business.
The fact is that for all of us there is much more that we don’t even know we don’t know than what we actually know. Breathe. It’s ok.
Next fact: we will be more successful in life and business if we remain open to new learning, and learning extensions and distinctions on what we already know.
Avoid having an ‘I know’ mentality about the things you do know about.
Some people close their minds when hearing about a topic they have knowledge of. They may assume that they know it all. But we can always know more... and if we shut ourselves down to new learning, we could miss an important distinction that could make a big difference.
Get in touch if you’re interested in how we can help you extend yourself this year.
“Those who keep learning, will keep rising in life.” - Charles Munger
Tax and Trust have been our Church’s Accountants for approximately 13 years. They always do their upmost for our Church and for any help I need or questions answered. As we are a Charity they take care of all our Charity Obligations with filing to the Charities Commission and with our Auditors with their yearly audit of our Accounts. We use the XERO Accounting System and Michelle and her team always help us with any queries. The whole team at Tax & Trust have always been friendly and helpful to myself. I have no hesitation in recommending them for any Clients that are Charities or just need new Accountants that they can trust who are professional & efficient Accountants.
