The bird-in-hand principle: start with what you have (Title on chapter on book Effectual entrepreneurship ) Freitag (video) http://www.youtube.com/watch?feature=player_embedded&v=DnGrcCVG8TE Source: Teaching entrepreneurship through Lean Startup Source: http://thenunewyork.files.wordpress.com/2013/02/wpid-photogrid_1361917604693.jpg 10 quotes from successful entrepreneurs One of the quotes is: “A man must be big enough to admit his mistakes, smart enough to profit from them, and strong enough to correct them.” – John C. Maxwell As you see there is again connection to fear of failure. ( former post on this blog) and the other one is even clearer: “Failure defeats losers, failure inspires winners” – Robert T. Kiyosaki Investiopedia define the bird-in-hand principle as following : Definition of 'Bird In Hand' A theory that postulates that investors prefer dividends from a stock to potential capital gains because of th...
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