Studying business success is good, but also be sure to study business failure.
Study cautionary tales about how smart and hardworking entrepreneurs succumb to bias and errors of reasoning. Look for how companies are destroyed by personality conflicts, hubris, internal politics, or even sheer shortsighted criminality. Also, study how to survive and bounce back from failure, and how to correct yourself once you’ve taken a wrong turn.
Studying business success is good, but also be sure to study business failure.
Study cautionary tales about how smart and hardworking entrepreneurs succumb to bias and errors of reasoning. Look for how companies are destroyed by personality conflicts, hubris, internal politics, or even sheer shortsighted criminality. Also, study how to survive and bounce back from failure, and how to correct yourself once you’ve taken a wrong turn.