4 ms·
It's a thought provoking post. One refinement is that there are a number of earlier challenges you faced that are now "solved problems" so some of the squares
by skmurphy 7y ago
It's a thought provoking post.
One refinement is that there are a number of earlier challenges you faced that are now "solved problems" so some of the squares should be marked blue instead of black or white because it's a risk you have encountered and mastered. For example, how to file taxes as a corporation. How to hire someone.
A second refinement: there are also decision rules you can follow that limit your exposure to entire categories of risk. For example: don't finance your startup using credit card debt.
- goldfish 7y agoRegarding blue instead of black, you read my mind for the second essay :)
- skmurphy 7y agoHappy to collaborate if it's of interest. Here are some related posts. Constructive Pessimism https://www.skmurphy.com/blog/2016/09/07/constructive-pessimism/ https://www.skmurphy.com/blog/2016/09/07/constructive-pessim... How to Tell When Your Team Has a Workable Plan of Action https://www.skmurphy.com/blog/2012/06/02/how-to-tell-when-your-team-has-a-workable-plan-of-action/ https://www.skmurphy.com/blog/2012/06/02/how-to-tell-when-yo... Risk Mitigation: If You Predict Rain Build an Ark https://www.skmurphy.com/blog/2015/12/01/risk-mitigation-if-you-predict-rain-build-an-ark/ https://www.skmurphy.com/blog/2015/12/01/risk-mitigation-if-...