7 Principles For Startup Decision-Making 

By: w3era

Digital marketing

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In a dynamic market, adaptability trumps static plans. Embrace change, iterate, and pivot swiftly for success."

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Business Plan is Useless 

Identify and pursue niches where dominance is achievable. Concentrate resources for maximum impact and market control.

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Winner Takes All 

Distinguish correlation from causation. Seek deeper insights to make informed decisions and avoid costly misunderstandings.

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Understand Causation 

Risk is not merely a statistical calculation. Consider context, consequences, and manage uncertainty effectively for optimal outcomes.

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Do not Confuse Risk with Probability 

Beware of information overload. Focus on relevant data, avoiding the trap of false confidence from excess information.

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TMI Increases Confidence and Not Accuracy 

Adopt evolutionary strategies. Test, iterate, and evolve products and processes in response to market dynamics.

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Replication with Variation and Selection with Competition

Compete fiercely, yet collaborate strategically. Forge alliances to amplify strengths and mitigate weaknesses in the pursuit of success.

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Competition and Cooperation Work Together

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