Define Your Affordable Loss
A prompt to evaluate and define the risk you are willing to take.
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Apply the 'affordable loss' principle from effectuation. Answer the following questions to determine the level of commitment you can afford:
- What is your available financial capital for this project? Indicate the maximum amount you are willing to lose (e.g., [MAX_AMOUNT]).
- How much time can you dedicate without compromising your situation? For example, [NB_HOURS] per week for [NB_MONTHS] months.
- Evaluate the impact on your career if the project fails. How would it affect your reputation, relationships? Mention [RISK_1] and [RISK_2].
- What are your personal commitments? Family, health constraints, etc. Describe [CONSTRAINT_1] and [CONSTRAINT_2].
Now, define the minimum experiments you can launch with these limited resources (e.g., simple prototype, customer interviews). Propose 3 actionable steps with acceptable loss.
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Why this prompt works
<p>This prompt applies the affordable loss principle: instead of aiming for maximum ROI, focus on what you are willing to lose. This frees creativity by reducing the fear of failure.</p><p>Use it to size your first concrete experiments. Be honest about your limits; it is a strength because you will avoid overcommitting.</p><p>Proposed actions should be 'low-cost, high-learning': quick tests to validate or invalidate hypotheses without risking your stability.</p>
Use Cases
Expected Output
3 concrete low-loss actions to test your startup idea.
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