Thursday, July 16, 2009

A Decision Rule To Live By

Over the past year I've found my decision-making to have become much more sharp and it's really really been based on one decision rule. It has been so powerful in my personal and professional life (ranging from R&D decisions, to managing employees and to maintaining relationships with my business partner.)

I always ask myself the following:
"What is the worst possible case that could happen if I make this decision? If it happened, would I be kicking myself or could I live with it?"
If the answer is the former, can I do anything to mitigate the risk and make the worst state more acceptable? If it's the latter, accept the decision because no matter what you're taking a calculated risk and the negative outcome will be out of your control.

A New Day, A New Blog

I've been gone from the blogosphere for a very long time. Why? To be frank, nothing good to say. Over the past few months I've found that in the start-up world all people do is talk about the theoretical when the field is purely about execution and results. Therefore, I've decided to move the blog in a new direction and will now make the following pledge to my readers:
Anything read on this blog from here on will be original and a reflection of my personal experiences in the start-up world. I will not regurgitate anything that's well documented elsewhere and all discussion will be result-oriented instead of theoretical.