305: Make business decisions like a poker player
The Sweaty Startup
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What Are the Odds of Success?
When you are thinking about starting a business, when you're thinking about chasing an opportunity, you really have to think about three things. What are the winnings? Another part of the equation is if I invest this amount of money, what are the potential benefits? It's quantifiable. Far too many entrepreneurs play games that the odds are not in their favor. Make big new ideas with very low odds of success.
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