Learn more about problemsolving with this collection
Cultivating self-awareness and self-reflection
Prioritizing and setting boundaries for self-care
Practicing mindfulness and presence
Risky Business
When starting a project that requires time, energy and resources, the cost-benefit ratio is a good rule for deciding if the plunge is worth it.
One has to think about the risk in terms of probability, while also keeping in mind what is at stake: Will the effort, time, money and resources that are spent go down the drain or will all of it still provide value in case the primary goal is not reached?
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MORE IDEAS ON THIS
Risk As A Way Towards Growth
Taking risks is a way towards potential growth, even if it is not according to the original plan.
When entrepreneurs fail at their startup, a large chunk of them still benefit by:
- New connections and friendships
- New job opportunities
- A pivot ...
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423 reads
Decision Modeling
One needs to take into consideration that any risky decision has the probability of failure, keeping in mind the potential benefits of not reaching the goal.
The ideal decision model should:
- Calculate or research about the baseline likelihood of success.
- Take...
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418 reads
CURATED FROM
IDEAS CURATED BY
A lot of problems would disappear if we talked to each other more than talking about each other.
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Investment
Do we intend to spend a lot of time on this project and potentially enlist resources beyond our teams? Or is it something we want to solve rapidly at a low cost?
When ranking investment, ensure your team has a practical understanding of what it will take to complete a project. Pro...
Capital
Capital is the purchase of an ownership stake in a business. For parties that have resources to allocate, providing Capital is a way to help owners of new or existing businesses expand or enter new markets.
In order to provide value via Capital, you must:
- Have a ...
The People Person
The power that drives you lies in connecting with others. While introverted personalities are fueled by their own needs, your work is done best with bonding and interaction.
Sharpen your productive edge by letting others know what you're working on. Always keep in mind the...
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