gut feelings

How to Balance Gut Feelings with Data?

The best approach for entrepreneurs is to strike a balance between intuition and data. Here’s how:
1. Cross-Verification: Use gut feelings as a hypothesis and verify them with data. For instance, if an entrepreneur feels a particular market trend is emerging, they should validate this with market research.
2. Consultation: Discuss gut feelings with mentors, advisors, or peers. They can provide a different perspective, ensuring that the decision is well-rounded.
3. Iterative Process: Make small-scale decisions based on gut feelings and observe the outcomes. This iterative approach helps in fine-tuning intuition over time.

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