A New Venture Decision

There is only one thing which is sold in this world : DREAMS. Some try to sell good dreams other BAD Dreams(FEAR).

Its hard to sell Good dreams but FEARS are easily sold. Good dreams require somethings to realised which generates different level of interests in different people. But past experience of uncertainties, FEAR doesn't require much selling, people directly associate the FEAR with something with the PAST experience.

I often wonder how should one decide how should entrepreneur  make decision of new ventures?

If one  try to find out  whats the output of this new venture : Good dreams or Fear, it would be easier for him to estimate and plan accordingly. I guess that is the reason Insurance sector is booming and not so many people are interested in settling down in other Planets.

The other parameters which i think one should consider when deciding to launch a product.

1. Chaos Factor
2. Pain Intensity
3. Comfort desirability
4. Competition

Corealted learnings

Caesar-III, my favourite game, gives me lots of ideas to think over.

Just few days back we thought of playing it again. quickly we reached to 5th level. "Quaestor - Mediolanum". Without wasting my time we start building city. Too much hurry to listen to all those instructions. created the hi-fi infrastructure in minutes and with trade routes open and now started waiting for people to come. People were coming but city population was stagnant. Everywhere was shortage of people. Nothing was functioning properly. Result no development. Base reason : wolf were killing new people.

Next time, somehow i manage to control the wolf next time, and quickly build this Hi-Fi city again. All money lost. Got a loan...lost again. And now i have angry Caesar, not very well functioning city and enemies at door. Now I'm invaded by enemies and army of Caesar itself. How hard you try, you can hardly recover broken economy during war.

I tried this stage so many times. Thought a lot. and I concluded these.

• Identify the starting problems and have them in control in time. (referring to wolf)
• Use your resources wisely.(don't over spend)
• Provide facilities only when its needed. (don't build infrastructure which r required in later stage in very early stage). Why will a beggar do with Ferrari car?
• Avoid taking loans. You might get help sometime but not always. People cut your throat when Time is BAD.(referring to attack from Caesar itself)
• Start earning as soon as possible, its hard to earn money and easy to spend.(open profitable trade routes ASAP)
• Whatever it takes, survival is most important. You can recreate the empire only if you could survive. Defend well with your all possible invaders.
  

With these thought I restarted this game and not only completed this stage in few hours but also made a huge saving in my account with all ratings very high. Could build the great city which is profitable and self sustainable.

For an entrepreneur life is no different. these rules applies everywhere. context and roles might changes and only difference you have here is you don't have an option of replaying the same scenario again in same time frame and you can't control speed of time.

I feel so enlighten with these thoughts. Learning becomes so easy when co-related.

Biased vision

I had lot of thought about perception and vision. What I conclude is that we always see what we want to see. With time we learn to ignore things and our sense get biased to our opinions and thoughts.

With this biased vision or perception we fail to recognise Omens but realise that only when time has gone.

I'm not sure if we can unlearn all those tricks of ignorance.

But in other thoughts I feel that ignorance is also one of the great power we have. Perhaps we need not process/interpret all we see but should look for patterns or signals. I fee we should develop our sense for critical perception.

I"m still figuring out the way.