To be a successful entrepreneur, it’s helpful to have a certain level of bravado. Demonstrative levels of confidence and optimism can help a leader maintain a steady course for investors and team members when there are bumps in the road. That said, an honest look at the other side of the coin can often enlighten the long-term view.
This is not to say entrepreneurs should be disingenuous — speaking optimism while thinking pessimism. It’s more about remaining attentive and realistic about the early warning signs that can spell real trouble for a startup.
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Story excerpt provided by JumpStart.
Written by Jerry Frantz.
Originally published April 4, 2018.