When you start a business, you’re making a bet. Not all bets are equal! Investing $100k in Business A vs Business B could have dramatically different outcomes. What’s surprising is how few entrepreneurs consider the possible range of outcomes (the upper and lower bounds).
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Of course, in relation to what you choose, *who* you are matters a lot. But many entrepreneurs have multiple opportunities they could pursue. Choosing the option with the best possible upside (given your strengths) is the aim.https://twitter.com/mijustin/status/1221504985101291520?s=21 …
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We can’t talk about increasing the chance for success without addressing this truth: Anyone can start a business, but that doesn’t mean everyone should. Some people are starting the wrong businesses. But also, some people are the wrong kind of people to be starting businesses.
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In the same way: anyone can try to become a pro skateboarder, but that doesn’t mean everyone should. (The same is true in business, poker, salsa dancing, modeling, and karaoke).
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Evaluate your potential upside/downside. If you really want to start a restaurant, and you’re willing to take the risk, do it! But if you’re a polymath, and you could be happy doing any number of things, you should definitely consider your options. great data from
@mjwhansen:https://twitter.com/mjwhansen/status/1381287420461780992 …
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Ah yes, the big theta of business complexity.
Dziękujemy. Twitter skorzysta z tych informacji, aby Twoja oś czasu bardziej Ci odpowiadała. CofnijCofnij
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This chart gets 3D when we remember there can be more to chart than money. Fun, fulfilment, freedom, challenge, different pace of life, something to make with your teen, lots of lines one could plot!
Dziękujemy. Twitter skorzysta z tych informacji, aby Twoja oś czasu bardziej Ci odpowiadała. CofnijCofnij
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Last sentence is perfect. I wonder, when it made sense to you to start MegaMaker community? What made you start such a business? And what made you decide to charge for it? Didn’t you worry about other rather known and free forum/group/community? How it turned out so far?
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I like your products and curious
to know.
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Wydaje się, że ładowanie zajmuje dużo czasu.
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