Entrepreneurship
Loss Aversion
Knowing loss aversion can help you make more rational decisions about starting or expanding a business by focusing on potential gains rather than potential losses.
I, T, X-shaped skills
X - Integrating insights from various fields enhances business innovation.
Bannister Effect
Seeing someone start a small business and succeed can give you confidence to pursue your own business idea.
Similar Situations
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.
SWOT Analysis
Entrepreneurial Ventures: Before starting a small business, entrepreneurs can use SWOT to assess their business idea, understand the market, and plan for potential challenges.