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Lesson 6: Pursue the unconventional

This may not work for everyone, but for those who look forward to exploring new things, it’s an important takeaway. Many of the successful ideas and businesses are garnered from the periphery. Our world is forever expanding because some people are constantly expanding the frontier of possibilities in it.

Lesson 5: Expect Change

Nothing stays constant. Expecting change helps you embrace it. If you dont change, you risk getting left behind and being alone. I see a lot of senior doctors struggling with this, especially for technological change- one that would actually immensly help them if they accepted and embraced it.

Lesson 4: Take risks

Don’t be afraid to take calculated risks. So if you are trying to assess the market for a potential startup idea you have, dont hold back on the 100$ magazine subscription that can help you understand the industry better. Or buy yet another domain name for a future idea.

Lesson 3: New ideas attract negative reactions

If you have an entrepreneurial mindset, you probably know this. Anytime you talk about your idea to someone, most of the feedback is around how it will not work. It took me a while to get used to this and not loose conversation time in being defensive.

Lesson 2: Culture is key

All else equal, what makes a group successful is the culture. That applies to companies, organizations, teams, families… everything. Examples- Southwest, Goretex (overused in business schools).