Entrepreneurial ventures
SWOT Analysis
Before starting a small business, entrepreneurs can use SWOT to assess their business idea, understand the market, and plan for potential challenges.
Similar Situations
Optimism Bias
Business ventures: Knowing optimism bias can help you create more realistic business plans and strategies, accounting for potential obstacles and setbacks.
Pessimism Bias
Business ventures: Knowing pessimism bias can help you create more optimistic business plans and strategies, accounting for potential opportunities and successes.
Belbin's Nine Team Roles
Initiating a New Business Venture: Plant suggests innovative concepts, and Specialist ensures the technical feasibility of those ideas.
Poggendorff Illusion
Interior Design: Considering the Poggendorff Illusion when selecting patterns and textures for walls, floors, and furnishings.
Flea In a Jar
Starting a Business After Failure: One failed venture doesnât mean you're not cut out for entrepreneurship. It likely taught you exactly what to do better next time.
Imposter Syndrome
Starting a Business: Entrepreneurs can overcome fears of being a "fraud" and take bold, necessary steps for growth.
DunningâKruger Effect
Starting a Business: Many entrepreneurs overestimate how easy it is to succeed. Recognizing this helps with better preparation and risk management.
Decoy Effect
Event planning: Recognizing the decoy effect can help you make more informed decisions when selecting venues or vendors, without being swayed by strategically placed, less attractive options.
Checker Shadow Illusion
Makeup Application: Enhancing facial features through the strategic use of color and shading.
I, T, X-shaped skills
Research: I - Deep expertise ensures rigorous and informed research methodologies.