This Entrepreneur Article Resonates

Some great quotes and lines in this piece:

creativity happens when the constraints get applied

Don't use the word failure. Instead, you should call it “the successful discovery of something that did not work." This will lead to something that does work and figuring out how to fix issues in a time of panic.


Chaos and failure are powerful tools that forced entrepreneurs can keep in their tool belt. They teach us how to pivot and adapt—and those are essential skills for any entrepreneur,

https://qz.com/work/2063563/what-forced-entrepreneurs-teach-us-about-succeeding-in-business

It should be noted here that forced entrepreneurs face a lot of pressure. There’s no plan B, no option to quit; they need their business to succeed. If there was ever a recipe for anxiety, that sounds like it.

When you have no choice but to survive, you get really resourceful.

A friend of mine often says, “creativity happens when the constraints get applied.” To really feel these constraints, you have to act like an owner.

Burn the boats? So what does that mean. It's adapt or die. If you don't survive on your mission you can't go back on the boat and head home because it doesn't exist.


“burn the boats”? The story goes that during the Spanish conquest of Mexico in 1519, Spanish commander Hernán Cortés deliberately destroyed his own ships so that his men would have only two options: conquer or die."



Pivot & Adapt to succeed.

Why We're So Bad At Predictions

This piece from Nassim Taleb explains why we're so bad at predicting the pandemic and the outcomes of total deaths.

Source: https://forecasters.org/wp-content/uploads/Talebetal_25062020.pdf

MAIN STATEMENTS from the piece:

(i)– Forecasting single variables in fat-tailed domains is in violation of both common sense and probability theory. 

(ii)– Pandemics are extremely fat-tailed events, with potentially destructive tail risk. Any model ignoring this is necessarily flawed.

(iii)– Science is not about making single points predictions but about understanding properties (which can sometimesbe tested by single point estimates and predictions). 

(iv)– Sound risk management is concerned with extremes, tails and their full properties, and not with averages, the bulk of a distribution or naive estimates. 

(v)– Naive fortune-cookie evidentiary methods fail to work under both risk management and fat tails,because the absence of evidence can play a large role in the properties. 

(vi)– There are feedback mechanisms between forecast and reaction that cancels the invalidity of some predictions. 

(vii)– Exponential dynamics automatically satisfies the mathematical condition for chaos and its unpredictability

Other great data and information to help educate us and make us smarter while being more accountable you can read: https://forecasters.org/wp-content/uploads/Ioannidisetal25062020-1.pdf

Richart Ruddie Entrepreneur - Expirement

For my latest experiment that I am going public about running I am testing something that we have successfully done for clients which is changing the suggested Google searches when a query is made.

Right now I am running a script with my name and the queries appearing in the title.

Richart Ruddie connected entrepreneur

Richart Ruddie Entrepreneur

Now this is the first post on the internet with that content so we will see if the combination from this post alone and my script will make a difference.

Time will tell.