Creative Solution Finder | PGCE Qualified | TEDx Speaker.
For five years I worked (through choice) as a supply teacher (substitute teacher in USA), in the British state school system. It taught me valuable life lessons & helped develop personal qualities in myself, that have helped in business. Resiliance Supply teaching, like business, is tough. As a supply teacher, you can be ‘meeting new …
Continue reading “What supply teaching taught me about being a business entrepreneur”
Survivorship Bias is the tendency of human beings to overestimate the likelihood of success, when undertaking a new and risky business venture. This is likely to happen if you think about it, as other peoples (and businesses) successes are easy to spot publicly, whereas those who fail with a new business venture, are going to …
Another way of explaining Sunk Cost Fallacy, is to use the old saying ‘ throwing good money after bad ‘. Once you have invested a lot of time and money into a project or venture, then you are less likely to abandon the project or venture. An example of this might be someone who starts …