The Startup Team that Learns from Life

As startup founder, I believe the most important thing is having a team that loves to learn. Startups begin with a spark — an idea, a belief, a vision. They spring into existence to do something that not many other companies are doing. No matter how great your business idea may be, you won’t get very far if you don’t have the right people to turn your ideas into reality. 

Sunk Costs: risk, return and irrecoverable costs

There’s a huge difference between gambling and making an investment. Gambling is playing with luck in the hope that things will turn out in your favour. Making an investment is pouring resources into someone or something with the expectation that it will generate a return based on the information you presently have. But some investments we make inevitably end up generating losses. So what do we do?