Tanay Gabhawala

BAEP 451
T Th 4-5.50
JUST START
What is a Smart Step?

The action you take based on resources you have at hand

Something that never involves more than you can afford to

lose(acceptable loss)
It involves bringing other people along
You repeat smart steps till you succeed or you prove to yourself it
cannot be done

Explain how you will use Creaction as an entrepreneur.

Creaction is based on acting and creating evidence as contrasted

with thinking and analysis

In unpredictable situations, using creaction is a smart action
This will help reduce the cost of experiments
Actions are great as it leads to evidence and experience while

thinking does neither

Creaction is a complement to prediction
Business model innovation is one of the best places to use
creaction

Biggest takeaways from Just Start

The acceptable loss calculation is different when dealing with

friends and family

It is good to use both creaction and prediction when making

decisions for the future

Prediction reasoning is almost everyones default position, force
yourself to use creaction instead