How to Calculate Your Hustle Probability

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All of us would like to know what are the chances of specific outcomes. For example how probable it is to hit a jackpot in the lottery. Which is 1 to 14 millions, rather sucky if you ask me…

But also what are the chances of predicting correct weather, getting accepted to college of your dreams, taking out someone hot for a date or getting a job promotion.

However, for us, entrepreneurs, it is something completely different.

All we’d like to know is the success probability of our next business idea. What are the chances it will take off. Cause maybe there is no point in going in and wasting your time and energy.

All of us would like to minimize the risk, right? It’s just natural.

The good news is it comes with the experience. As the time goes by and you try different things, you learn what may and what may not work. It just takes practice.

But what can you do if you don’t have any experience just yet?

The answer, unfortunately, is not that much. You can read all the books and watch all the videos for entrepreneurs, but nothing will replace this entrepreneurial gut feeling. That’s for sure.

I’ve been going through exactly the same when I was only starting out. At the beginning of this journey you are hella confused. And you are constantly being bombarded with something new.

You can’t skip that, you can’t replace that, it’s the learning curve.

At some point all the pieces of knowledge you gained and all your figuring outs will fall into place. Just be patient and do your thing.

Hustle. Try as many different things as you can. See what works for you.

No one can do the heavy lifting for you, but I decided to come up with something that can support you a little bit. A simple tool to help you decide whether it’s a good idea to pursue or not.

Ultimately, what resources to increase so you can maximize the chances of positive outcome.

Now, it’s not something that will clearly say this one is good, that one is bad.

So don’t treat it as something that will give you clear answers. It’s not what this game is all about anyway. To be successful entrepreneur you have to figure out yourself most of the stuff.

Still, I’m pretty sure it will shed at least some light and it will give you some sort of an idea about the potential of this project you’d like to fulfill.

Probability calculator you can find here uses only few, but crucial metrics.

There are million of things you have to consider, but I have decided to include money, time and manpower as most important factors of your final result.

Additionally how competitive you think the competition actually is and how unique is your idea.

Although, I have a small side note. Mathematically “probability” is the likelihood that something will take place and is expressed as a number between 0 (impossible) and 1 (certainty).

This tool doesn’t give you a probability percentage.

It will just help you to judge the potential of your project, that’s all. But I guess, it’s better than nothing 🙂 if you have an idea how can I improve this tool just let me know.

I will be more than happy to include any suggestions. Till then, happy hustling!

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