Wednesday, August 24, 2011

Startup Children – How To Parent An Entrepreneur (Part IV)

Startup Children – How To Parent An Entrepreneur (Part IV): "When you have a winning poker hand, you must maximize the size of the pot. However, if you bet too aggressively, you risk spooking one or more of the other players into folding, thus decreasing your winnings. If you bet too conservatively, you may also end up with a suboptimal pot, as the other players may not wager as much as they would otherwise be inclined.

In business, you also have to run hard and fast when you have a winning solution. If you find a market niche or product category in which you are dominant, you must make the necessary financial bets to help you maximize the return from such opportunities."

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