Having set a challenging objective, they do what they can to reduce the risk. They are moderate risk takers, not gamblers. Entrepreneurs are full of false starts and blind alleys. The entrepreneurial act is a combination of stubborn persistence and flexible responsiveness. The task is to discover a practical route to a new way of doing things.
Entrepreneurs are full of false starts and blind alleys.
They never abandon the goal but seek new means after every setback. The more they listen to what the world is telling them about their idea, the faster they learn how to make it work. Business judgment is the product of experience, but all experience does not count equally. Stay with the team long enough to experience results. Think about what worked and what didn't.