<ul><li>Entrepreneurship is about strategic thinking and making calculated decisions that drive the business forward.</li><li>Mental models provide structured frameworks to navigate the unpredictable business world.</li><li>Five powerful mental models for long-term success include second-order thinking, circle of competence, inversion thinking, sailboat metaphor, and survivorship bias.</li><li>Using mental models helps in problem-solving, decision-making, and seeing hidden risks.</li></ul>

5 mental models for success: The secret to smarter decisions

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