Episode SummaryStarting a business is easy. Running one is hard, and scaling one is extremely difficult. Most businesses are built entirely around success, the revenue targets and the projections, with no margin for error or failure. This episode is about building in that margin before you start: studying failure stories, asking what you’d do if you lost most of your capital, and being prepared enough that setbacks don’t come as a shock. Plus the one thing preparation can’t cover, and why you still need a buffer.
Episode highlights
* Why success stories feel good but teach you nothing, and why failure stories are the better teacher
* Why small businesses with tight capital and investor pressure often have no room to lose, which makes losing inevitable
* How the pressure to be perfect leads to rushed decisions or blind spots
* The questions to ask before you start, including what you’d do if you lost most of your capital and made no revenue
* Black swan events, and why a buffer or an advisor matters
Hottest takes
* “Starting a business is easy. Running a business is hard. Scaling a business is extremely difficult.”
* “Success stories make you feel good, they get you excited, but they teach you nothing.”
* “Perfection is an illusion.”
* “When there’s no margin for error, you are pressured to make sure everything is perfect.”
Need an advisory program or coaching session for your business?https://whop.com/fulfillmentobi/coaching-bookings-package/
For tips like this, exclusive updates, newsletters and videos, join me on Patreon: https://www.patreon.com/c/Fulfillmentobi
