Entrepreneurship · Business Development

How do you approach the unknown?

Shamim Hasan CEO at Xpart Solutions

October 1st, 2016

I consider myself an optimistic person but the unknown is definitely not fun. How do you approach this?

Irwin Stein Very experienced (40 years) corporate,securities and real estate attorney.

October 1st, 2016

Fearlessly and with your eyes open.

Dane Madsen Chief Operating Officer at Comivo, LLC

October 1st, 2016

If you are a problem solver, then the unknown should not scare you.  It actually can energize you to develop your skills with management of the unknown. It is the old cliche that 80% of what you worry about never happens and 80% of what happens you never worried about, so you just have to agile and be tactical and live with the understanding that it will happen. 

Arthur Lipper Chairman of British Far East Holdings Ltd.

October 1st, 2016

By limiting downside exposure. Investing is an exercise in balancing risk versus reward and the reward must be many times the risk.

Scott McGregor Advisor, co-founder, consultant and part time executive to Tech Start-ups. Based in Silicon Valley.

October 1st, 2016

I approach the unknown with curiosity. It is definitely fun for me to discover something others don’t know.

Rill Hodari

October 4th, 2016

The best way to approach the unknown is with research and structured experimentation.  What are the boundaries of the phenomena?  What is the dynamic and components?  How does it respond to conditions?  Where does it seem to be going in the future (trends)?  And whereas you can never predict the future, you can identify the likely paths and plan your best decision path for each scenario.

If you think of unknown like turning over a rock and finding a new world of life there and taking a specimen into a jar to observe, maybe you can see the fun in it again.  Hang out with some kids and they will teach you to love the unknown.

Tom DiClemente Management Consulting | Interim CEO/COO | Coach

October 4th, 2016

Boldly!

Jory Jardins BlogHer Co-Founder | startup advisor | revenue scale and growth expert | digital media innovator | content strategist

October 1st, 2016

I set a limit on what I'm willing to risk should things not turn out. This is more a psychological trick than anything else, given every time I've done this and approached that limit, I've stuck it out. Your outlook on what's "unknown" changes as you go. What's unknown becomes known, and there's a new unknown. There's always a new unknown. And you get used to making bigger, broader bets. And you know when to fold them, but you have to play to know that limit.

Didier Lucotte Product Manager Hosting and Managed Services at Manx Telecom

October 1st, 2016

The unknown for me is not fun or not fun, as it is unknown. I think it is your relationship to it that you call not fun. Real creation, even simple creation from our everyday lives, always emerge from the unknown. This may be another (more fun) way to relate to the unknown :-) 

Michael Hartzell Entrepreneur, Addicted to "Yes" - When Everyone Wins

October 1st, 2016

What is unknown to you is not really "unknown".  

In fact, if I had a nickel for every time someone said "Mike, I have a great idea... and no one else is doing it! It is totally unique!" I would have a truckload of nickels. They believed they had discovered "the unknown" to which I was the bearer of the sad news "Sorry - you are already late to the game."

If something is unknown to you.... 
Don't travel alone.
Then the next question will be "OK, sounds good. Who do I trust?"  :)

Donavon Urfalian A.I. Engineer / Entrepreneur / Founder & CEO @ Umazed / Kodo Startups

October 1st, 2016

You approach it with a heuristic. Let x equal the unknown. You solve the unknown with what you already know. As the relevant question/questions. Let the tension of inquiry guide you, catch yourself in act of getting the relevant insights. Ask yourself when will I have an absence of all the relevant questions, once you get there, you will be in the know.