The Big Idea: Protect your safe harbor (people, place, principles, purpose). Understand cognitive biases. Conduct pre-mortems.
- Protect your safe harbor (people, place, principles, purpose).
- Set boundaries so that the agendas of others don’t inundate your safe harbor.
- Understand the cognitive biases that can impair good decision-making.
- Adopt a decision-making funnel to collect good information and make good decisions.
- Keep in mind what you’re trying to achieve and why.
- When you make a bad decision, study what went wrong, what questions you asked, and who was advising you.
- Recognize when to go with your gut (and when not to.)
- Forewarned is forearmed. Create contingency plans.
- Conduct pre-mortems to evaluate and mitigate risks.
- To spot entrepreneurial opportunities, rewire your brain to look for problems in need of solutions.
- Successful entrepreneurs start small and listen to the market for feedback.
- Read and learn constantly.
- Surround yourself with great people who have complementary skills and perspectives.