How Nassim Nicholas Taleb Helped to Save My Business during the COVID Pandemic| Black Swan?
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#NassimNicholas2021 #Nassimtaleb Today I’m going to share with you how the teachings contained in the Incerto Series from Nassim Nicholas Taleb helped me to save my business during the pandemic economical crisis (which maybe was not a black swan). The Incerto is a series of books composed of 5 volumes: Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets, The Black Swan: The Impact of the Highly Improbable, The Bed of Procrustes: Philosophical and Practical Aphorisms, Antifragile: Things That Gain from Disorder and Skin in the Game: Hidden Asymmetries in Daily Life The two most useful concepts for my business were Antifragility and Skin in the Game. Thanks to these two ideas, my company survived, and with no bank loans. With these insights of Nicholas Nassim Taleb, you also can survive 2021. Subscribe to Small Business Hacks, we upload new videos every Friday! #localbusiness #smallbusiness #entrepreneurship #entrepreneurideas #businesslessons __________________________________________ RESOURCES & LINKS: Levi Borba @ Medium – Join other 6K followers in cutting-edge Entrepreneurship & Small Business content. https://leviborba.medium.com/ Levi Borba @ Amazon https://www.amazon.com/Levi-Borba/e/B082X6GSZF Levi Borba @ LinkedIn https://www.linkedin.com/in/jonatasborba/ This presentation contains images that were used under a Creative Commons License. Click here to see the full list of images and attributions: https://link.attribute.to/cc/1996232 🔴 *** ABOUT THE CHANNEL *** Small Business Hacks is a channel created by an entrepreneur, for entrepreneurs. Business plan for small business, Finance education, Management skills, Small Business Tips, Entrepreneurship ideas, all that, and much more you will find here, at Small Business Hacks. 💡 TOPICS IN THIS VIDEO 💡 •nassim nicholas taleb, antifragile, antifragility, nassim taleb 2021, nassim taleb antifragile, nassim taleb barbell strategy, nassim taleb black swan, nassim taleb fooled by randomness, nassim taleb incerto, nassim taleb quotes, nassim taleb skin in the game, nicholas nassim taleb, nicholas nassim taleb antifragile, nicholas nassim taleb black swan, small business hacks, nicholas nassim taleb, nassim nicholas taleb skin in the game, nassim taleb black swan covid, Nassim taleb black swan, How Nassim Taleb Helped Me, nassim nicholas taleb black swan, Business ideas 2021, save business in covid, save business Ideas, save business plan 2021 🔎 VIDEO EXCERPT 🔎 Welcome to Small Business Hacks It is not an overstatement to say that I could go bankrupt — like many of my competitors — during the COVID Crisis. Just before it, in 2019, I decided to expand my business — a touristic hostel — and needed additional resources. Loans are relatively cheap here. Even young companies like mine find rates near 7% per year. I considered for some time taking a loan to finance the expansion. But instead of taking any loan, I preferred to bring new partners. They would own a considerable portion of the business, although I would still be the main shareholder. More than once colleagues and family asked me if a loan was not a better option. They even listed the benefits of favoring banks instead of new business partners. The peace of mind of not risking other people’s money. No need to explain to anyone about my decisions, or company results. Reduced legal expenses. Despite all that, I had in mind two concepts from the Incerto books series, from Nassim Taleb. One is called Antifragility, and the other is named Skin in the Game.
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