What Makes Entrepreneurs Entrepreneurial?
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http://greenlightwiki.com/lenore-exegesis/Extraverted_Intuit...
Extraverted Intuition (Ne) is the attitude that the unknown is filled with wonderful things. To make use of them, you must be flexible in your goals. If you try to set things up so that only something known to be good can happen, you close your eyes to the zillions of opportunities that you can't know or define in terms of what you know now. As more of the unknown becomes clear, the more it changes your understanding of the (currently) known.
In Myers-Briggs terms, this mentality is most present in NP types (iNtuitives & Perceivers)
It also corresponds with what PG calls "staying upwind"
http://www.paulgraham.com/hs.html
I think the solution is to work in the other direction. Instead of working back from a goal, work forward from promising situations. This is what most successful people actually do anyway.
And it seems to me like this is pretty much the same thing that this paper calls "Effectual Reasoning".
If I bet on which entrepreneur would make it big, I would bet on NJ. They still have the creativity but not in large quantities as NP, but they stick with stuff.
The only billionaire NP I know of is Richard Branson.
[Thx for the pg post, never read that.]
I thought it was very relevant and very true to what we ourselves followed. I dont think her publication is dated. I thought it still resonates on the three core aspects she has sought to highlight. a) Emphasize affordable loss b) Build upon Strategic partnerships and c) Leverage contingencies.
Thanks!