The Most Successful Entrepreneurs Embody This Single Philosophy

look ahead

It turns out, we do get to choose how to be an entrepreneur. I have a modest and maybe even overly simple personal philosophy with which I view my life — I compartmentalize my entire existence into three basic buckets: social, business, and family. This plays out in many different ways, but today I am focused on my walls around business. I get to observe thousands of entrepreneurs in action, and occasionally if not accidently these observations yield some high-level insights. And, like in many of my articles here at Inc.com, I want to take the conversation up to a higher level. Today we are going to discuss philosophy. My aim today is to break down entrepreneurial philosophy into two fundamental paths: Pursuit of gain Avoidance of loss. You cannot build a successful business with an approach that minimizes the chance of failure. Entrepreneurship is not a limp-in game where you manage downside risk. The best companies and founders do not factor in the consequences of the worst-case scenario, though each one knows it is a possible if not probable outcome. The best simply dismiss that thought. In doing so, they lighten the load and open up the door for

Continue Reading

Site Footer