Inc.com is celebrating its 30th birthday with some fascinating articles including an interview with Jim Collins. The interviewer asked for his definition of entrepreneurship which involves a paint-by-numbers vs. blank canvas analogy. However, the follow up question and answer was notable: It has to do with your ability to handle risk, no? Not risk. Ambiguity. People confuse the two. My students used to come to me at Stanford and say, “I’d really like to do something on my own, but I’m just not ready to take that much risk. So I took the job with IBM.” And I would say, “You’re not ready for risk? What’s the first thing you… Read More
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