There are situations in which, instead of analyzing an opportunity in detail, the entrepreneur creates the opportunity. However, this type of approach is not applicable to every type of business. You need to know if there is a potential loss that is greater than your ability to bear (if the business fails).
To find out if this is the case for you, answer a few questions: Who am I? What do I know? Who do I know? The answers will tell you whether it is possible to start with what you have and then take action. This approach also tells entrepreneurs that they should not wait for the ideal opportunity and that they should not adopt the strategy of looking for what they do not have elsewhere.
The variables are more under the entrepreneur's greece phone numbers control, but their scalability is limited, depending on the answers to the questions.
Who I am does not only refer to the entrepreneur's self-analysis of his profile, but also to his beliefs, values, etc. The entrepreneur is the main asset of the business, in addition to the people he will attract to make up the team that will develop the company with him.
What I know refers to the entrepreneur's knowledge and experience. For example, you will have a much greater chance of success when creating a business that requires technical knowledge if your area of expertise and training are consistent with this business.
Who I know refers to your interpersonal relationships, your network of contacts. Experienced entrepreneurs know that nurturing and developing your network of contacts is as important as any other business activity.
After answering the three questions, the entrepreneur must define what his acceptable losses are, that is, what he is willing to lose. Note that the traditional process of planning to achieve a goal does not apply in this case.
Rather than thinking about what you want to win, you should think about what you are willing to lose. This rule can be summarized as a situation in which you are playing a game in which the results are unpredictable. The advice is that you follow two rules: do not bet more than you can expect as a return and do not bet more than you are willing to lose.
In fact, the idea here is that you define what you are willing to lose in terms of money, time (or period without earnings, for example) and opportunities in the job market (by dedicating yourself to your own business you close the doors to job opportunities).
It sounds simple, but there is a lot of risk in this approach. If the entrepreneur is not committed, the loss he has defined as acceptable may be greater than expected.
As you will be dealing with unpredictable situations, you must have a high tolerance for ambiguous, uncertain situations, and you will not be able to predict the future, since you did not plan or were unable to plan.
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