Critical thoughts —

Eric Kim discusses “First Principle Thinking” in the context of photography and entrepreneurship, emphasizing its importance in innovation and business strategy:

1. Understanding First Principles: It’s a fundamental concept in physics and philosophy, asking what is physically possible or impossible. According to this principle, almost anything is possible as long as it doesn’t defy the laws of physics oai_citation:1,First Principle Thinking for Photography Entrepreneurs – ERIC KIM.
2. Applying to Entrepreneurship: For instance, Elon Musk applied first principles thinking in making affordable rocket ships by considering the basic cost of materials and the possibility of reusability oai_citation:2,First Principle Thinking for Photography Entrepreneurs – ERIC KIM.
3. Implications for Photography Entrepreneurs: The digital age offers immense opportunities for photographers. With free or low-cost resources like digital photography, internet access, and cloud storage, there are numerous possibilities for growth and innovation in photography. Entrepreneurs should focus on what’s physically possible, leverage current technology trends, and ignore naysayers oai_citation:3,First Principle Thinking for Photography Entrepreneurs – ERIC KIM oai_citation:4,First Principle Thinking for Photography Entrepreneurs – ERIC KIM.

In essence, first principles thinking encourages a return to the basics, questioning assumptions, and considering the fundamental elements of a problem to innovate and find solutions.