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?
65% of startups fail due to co-founder conflict, according to Harvard professor Noam Wasserman. To help you avoid conflict, we’ll give you the tools you need to determine the right equity split, including the framework to measure contributions, case studies and more.

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. 

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.

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.

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!

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?"  :)

Peter Mash Head of Touch Business at Light Blue Optics

October 1st, 2016

Not sure about the unknown.. of course it's unknown! So tend not to worry about it.. if you can't change it, then don't stress about it! But change the things you can of course.

Stephen G. Barr

October 1st, 2016

I seek out the unknown which for me is simply a known that I've yet to experience.

Thomas Sutrina Inventor at Retired Pursue Personal interrests and family

October 2nd, 2016

Risk and reward and belief my first on of these three is belief.  If you believe you can solve what ever is on the other side of the unknown then your half way to solving the  unknown.  If you can not believe then the emotional risk you in your heart already said is too great.  Belief is the foundation of every religion and we see in history and life that is makes people stronger then they ever imagined to the point of death.  Belief with out knowledge.

You commit everything or at least quite a lot.  So the desired end results need to be worthy of the effort you imagine will be needed and since it is an unknown you also will if needed will put out much more effort.  For me it is not putting more coins in my pocket but I do expect it also.  How will humanity gain from turning this unknown into a know?  I am usually turning the unknown into the heart of a product that will serve humanity a little better then what exist now..