Learn how to manage bets. Some people have the resources to fail many times and keep going. Others do not. Knowing that a huge portion of starting a business is

Learn how to manage bets. Some people have the resources to fail many times and keep going. Others do not. Knowing that a huge portion of starting a business is luck, you can better weigh your options and hopefully select different opportunities depending on your situation. And, in the unfortunately common case, recognize when you cannot take any bets and instead focus on getting yourself to a place where you can, rather than betting everything and losing everything.