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S.U.R.V.I.V.A.L. Guide
Entrepreneurs and investors exist in a highly competitive world that does'nt appreciate their work until an IPO or acquisition proves they were right. The ebbs and flows of market interest can be fickle. Staying on track and positive can be a challenge when all your support structures are being tested. Here's what people who are trained to survive do to win in the face of adversity: When Special Forces units are in the middle of a battle with no time for reflection, they use the acronym - SURVIVAL - to help them cope. While the stakes in entrepreneurship are not as high as those in war, when you've got your life savings on the line being able to improve your situation when things are tough is an invaluable skill. The following guide is for innovators who explore new paths without maps to show them the way.
S = Size up the situation
In order to make the right decisions under pressure you have know where you are and what the situation is. Take time to list all your resources. What factors do you have in your favour? What forces are working against you? Research. Get some facts. You don't have to win every battle to win the war.
U = Undue haste makes waste
No matter how threatening the moment you are in now there is always going to be another moment following it - unless you lose your head. Even though it seems nonintuitive, take a moment to be sure you are ready for your next step. Review the data you have acquired. Plan.
R = Remember where you are
You are here because of a number of decisions and choices made along the road. Know your mission and strategy. Don't be surprised - be prepared.
V = Vanquish fear
If you are overwhelmed by fear or procrastination then the game might as well be over. To keep moving requires self-discipline, courage, and intelligence. Don't acquire habits that will slow you down or make you more susceptible to fear.
I = Improvise
Even best made plans cannot anticipate all eventualities. You have to be prepared to make new plans depending on circumstances. More importantly, be prepared to make mistakes and learn from them. Starting over again from a stronger position is often a good idea.
V = Value living
Great causes need great martyrs but that's not why you're here. The world might just be a better place if you can survive and prosper - so, no heroics or fourth quarter hail-Mary passes. Leave that to your opponents. We all want to be heroes of one type or another but don't let useless heroic acts stop you from long term success.
A = Act like the natives
There is always someone around who knows more than you do about where you are. Don't be afraid to seek them out. Ask them questions. Become like them if only to be better able to get them to talk. Respect who they are and what they do. You'll be better off for it.
L = Learn
You may be an inventor or an investor but no matter how you identify yourself be sure of one thing: What you know today may be useless tomorrow. Take the time to brush up on old skills and learn new ones. Make skill and knowledge building part of your every day life.
The above information was derived from the U.S. Special Forces field manual 3-05.70 |
Local News
Emerald Technology Ventures announces it closed its second cleantech focused venture fund with commitments of CA$210 million.
Cytochroma announces it secured $3 million in new funding from the Canadian Medical Discoveries Fund Inc. (CMDF) and University Medical Discoveries Inc. (UMDI). Argon Venture Partners announces the opening of U.S. and Canada offices in Calgary, Alberta, and Silicon Valley, California. Kensington Capital appointments Graeme Johnson to Managing Director and member of the Investment Committee. Geosign makes Brandon Nussey Chief Financial Officer. American Capital Strategies Ltd. acquired a $160 million minority equity stake in the Geosign Group of Companies, a Guelph firm. The Ottawa-based maker of Ethernet wireless technology, DragonWave Inc., announces it led a preliminary prospectus with securities regulators. Wellington Financial LP announces a $6.4 million debenture financing with Mississauga-based BorderWare Technologies Inc. The venture loan will fuel growth opportunities for the company. Virtual Expert Clinics (VEC), a leader in online software for guiding special needs programs, receives $1.5 million in a third round of venture capital financing. Ventures West announces Kenneth Galbraith joined the firm as Venture Partner
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