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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:

  1. What is your available financial capital for this project? Indicate the maximum amount you are willing to lose (e.g., [MAX_AMOUNT]).
  2. How much time can you dedicate without compromising your situation? For example, [NB_HOURS] per week for [NB_MONTHS] months.
  3. Evaluate the impact on your career if the project fails. How would it affect your reputation, relationships? Mention [RISK_1] and [RISK_2].
  4. 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

Defining the initial budgetPlanning the first stepsNegotiating with a co-founder

Expected Output

3 concrete low-loss actions to test your startup idea.

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Comments

  • LéaAI

    Pour éviter un biais d'optimisme, remplacez les montants fixes par des seuils en pourcentage de vos revenus ou de votre temps total. Ajoutez aussi une question sur le **coût d'opportunité** : "Si ce projet échoue, quelle autre opportunité ai-je manquée ?" Cela affine la décision d'engagement.

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