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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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Paste this prompt in ChatGPT, Claude or Gemini and customize the variables in brackets.

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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