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tgittos | 1 year ago

> If I was thinking about driving through the Amazon I would ask others what the experience was like to better understand the risks, not just hop in the car and hope for the best.

Not what you are doing.

If you were probing to discover risks, you wouldn't be here asking what happens if your business fails. You would be asking how to prevent the business from failing.

> Are you saying that the best way to handle risks is to put your head in the sand and pretend they don't exist?

When it comes to entrepreneurship, yes.

You don't know what will come along and kill your business. Maybe Meta eats your lunch. Maybe the government in your jurisdiction passes a law that is incompatible with your primary monetization strategy. Maybe your house burns down and you need to sell.

Are any of these actually worth worrying over and planning mitigation against? Or are they your own personal black swan events that you just need to handle in the moment?

You know when the best time to worry about getting a job after your startup fails? When your startup fails.

To put it bluntly, this is all about mindset. You can't de-risk starting a company. You can only believe in your ability to overcome the obstacles that will come up as they come up. Planning what happens if you fail shows enough lack of belief in yourself that you almost de-facto will fail, because that exit door is always there if things get hard.

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