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Should You Quit And Go Off On Your Own?
“Before you do anything, determine your Acceptable Loss. You need to know how much you’re willing to lose before you even begin thinking about starting something new.” What if you really want to pursue...
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The One Thing All Successful Entrepreneurs Have In Common… And What We All...
Act… Learn… Build Early in her work Saras D. Sarasvathy, professor of business administration at the University of Virginia’s Darden School of Business made a fascinating discovery, one that ran...
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How Great Entrepreneurs Think
inside the (restless, curious, eager) minds of highly accomplished company builders. What distinguishes great entrepreneurs? Discussions of entrepreneurial psychology typically focus on creativity,...
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For Entrepreneurs (and everyone else) there’s upside to feeling down
“By pretending that happiness and positivity are universally desirable and attainable, we are probably creating an unrealistic popular expectation that leaves many people less happy and satisfied than...
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Forget common myths: Most entrepreneurs lack an intrinsic appetite for risk...
Entrepreneurs are far more likely to maintain wary, prudent and deliberate calculated traits than the general population. A study into the psychology and risk behaviours amongst British entrepreneurs...
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The Sure Thing
Appropriate risks - How entrepreneurs really succeed In 1969, Ted Turner wanted to buy a television station. He was thirty years old. He had inherited a billboard business from his father, which was...
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Balancing predictability and ambition in startups
Setting the right expectations for the right audience can be a powerful management tool for founders. Often, as startups grow, they adopt two plans: a board plan and a company plan. By creating two...
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Hate Risk? You May Be The Perfect Entrepreneur
“Don’t think you need to be someone who had a lemonade stand, or organized a regular neighborhood car wash when you were a kid, to be helped by adopting entrepreneuring thinking. “ The premise of this...
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Integrating Risk with Strategy-Setting: What is your Risk Appetite?
When integrating risk with strategy-setting, management should consider two things – risk appetite and an assessment of strategic risks. Below, we focus on defining risk appetite. Next month we will...
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