Entrepreneurs need determination to push through obstacles, but they should also think like investors: win more bets than you lose, diversify, and constantly ask if your resources are in the right places. Reallocation beats stubbornness.
The difference in an entrepreneur and an investor. Entrepreneur has this, I'll forge ahead against all odds, no matter what mentality. Whereas an investor goes, hey, I only need to win more times than I lose. And I'm gonna take a bunch of bets and recognize that some of those bets are gonna be losing, some of them are gonna be winning. And I wanna optimize decision-making to win more than I lose. Those are two very different mindsets. What I try to help entrepreneurs do is go, hey, you need that determination, but let's temper that with some investor mindset. Am I allocating my resources in the right place? Or could I reallocate and shift and make better decisions? Kind of leaning on that investor framework. If you like what I'm talking about today, you want to learn more, join my newsletter at unbreakablewealth.com/newsletter. Sign up, I send a weekly, completely free newsletter focused on personal finance and, and really decision-making.
