Psychology
Your agent spots the bias in your thinking before it costs you money.
Start with these three.
A week is almost certainly the planning fallacy collecting its usual tax, and I would tell the team exactly that.
Read the fileAsked I have one big idea and limited savings. Play it safe or bet on it?
Before I answer, ask what this idea is in you. An idea that returns for years is rarely a business plan only, it is often the…
Read the fileAsked I have one big idea and limited savings. Play it safe or bet on it?
Well, it depends on what you mean by safe, because there's no such thing.
Read the fileThe rest of the shelf.
First, fix your thinking, because reality doesn't care about your savings.
Read the fileAsked I have one big idea and limited savings. Play it safe or bet on it?
Notice the question is about the bet, and the answer is about you.
Read the fileAsked I have one big idea and limited savings. Play it safe or bet on it?
Let me ask you first: what story is the team telling about this week?
Read the fileAsked I have one big idea and limited savings. Play it safe or bet on it?
Notice that you ask me to decide, which suggests the decision is already made and you are seeking permission.
Read the fileAsked I have one big idea and limited savings. Play it safe or bet on it?
Here's the counterintuitive part: the most successful entrepreneurs weren't the biggest risk takers.
Read the fileAsked I have one big idea and limited savings. Play it safe or bet on it?
Wrong framing. Safe or bet is an invisible script talking, probably one you inherited.
Read the fileAsked I have one big idea and limited savings. Play it safe or bet on it?
Save like a pessimist, bet like an optimist. The trick isn't choosing between safe and bold, it's making sure no single outcome…
Read the fileAsked I have one big idea and limited savings. Play it safe or bet on it?
You are asking the wrong question. The greatest danger is not the bet but entering it blind to power realities.
Read the fileAsked I have one big idea and limited savings. Play it safe or bet on it?
Ah, the classic approach-avoidance conflict. Notice what you actually asked: not whether the idea is sound, but permission to…
Read the fileAsked I have one big idea and limited savings. Play it safe or bet on it?
You already know the answer, or you wouldn't have framed it that way.
Read the fileAsked I have one big idea and limited savings. Play it safe or bet on it?
First principles. Ask of the idea, what is it in itself? And of yourself, what do you covet, the thing or the applause?
Read the fileAsked I have one big idea and limited savings. Play it safe or bet on it?
Puddin', I jumped into a vat of chemicals for way less equity than you're being offered.
Read the file