My Biggest Business Mistake in 2013

Was to listen to two inexperience and short-sighted young friends of mine.

Needless to say that I was inexperienced enough NOT to trust my guts to go ahead and to give up so soon, based on the biased opinions of two friends.

Lessons

  1. Even if the market signals are noisy, have a quick prototype and start touching the ground. We never know.

  2. Friends’ opinions are good. Listen. It is called showing respect. But do the exact opposite.

  3. Believe in your guts. Being bold and take harsh decisions carry risk. But, some risks are worth taking.

  4. Making Intelligent and calculated risk is a rigorous art to master. Fortunately, I started to learn a while ago.

 
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