These recent days, I’ve been developing my perception and intuition on matters, my conclusion is simple, nothing visual is excluded from the logic. Observing and learning should help define the pattern and reach or at least get closer to a deduction of natural principles.
Let’s put it that way: nothing is impossible, therefore you should find why that affirmative sentence has a positive reason. My struggle, my experiences, my daily learning, the fact that I read books like founders at work, vcs at work, George Doriot biography, and that I watch everyday some entrepreneurs talking about their experiences, all those dispersed information helped me deduct a theory of success, which I’d like to share.
Impossible = Possible + Risks
Risks = Impossible - Possible
Possible = Impossible - Risks
If nothing is impossible, then, to reach the possible you have to define the risks.
Well, let’s define the risk, it’s the consequence of an action, but it’s mostly define as uncertainty, the probability of clearing it (negative, remove ) is somewhat unknown! So the best way to understand it, is probably to understand the existence of the risk itself. The risk is a result of an objective that we’re trying to reach ( a projection in the future ). The objective becomes true (realization), under the condition that the risk is removed (negative). Creating a false risk (simulate the true risk) is the condition to make the risk an affirmative (existence).
The objective is equal to success, if the true risk is negative AND the false risk positive. If the false risk value is equal to the true risk value, the probability to make the projection, objective is true, is low. Therefore, the false risk should be inferior or equal to 1/3 AND strictly superior to 1/6 of the true risk to maximize the probability of occurrence (objective = success OR true risk = 0).
A logic set of objectives should help you make a projection (set of defined points to the success), a continuous decision making process (ethic choice) to approve (validate = make the points positive) should be parallel to the function (projection).
An example of set of objectives:
*List the 50 leading start-ups
*Study their business model (Use Business model canvas)
*Identify potential risks of their business model
*Propose a list of preventive actions to reduce the risks occurrence, or negative impact
*Repeat the process until you understand the key metrics by heart
*Analyze segment markets, focus on segment where you can be inspired (social health , etc)
*Once you select the segment market, choose the problem based on “What is impossible”
*Ask this question for every high growth market
*Make a business model canvas
*Make a business model canvas risk management
*Make an execution plan for actions
*Identify the risks and how to address them
*Execute the plan