"In a start-up company, you basically throw out all assumptions every three weeks"
- William Lyon Phelps
About this Quote
This quote by William Lyon Phelps speaks with the ever-changing nature of start-up companies. It recommends that in a start-up, the environment is constantly developing and that presumptions made at the start of the venture might no longer stand after a short period of time. This highlights the value of staying nimble and having the ability to adjust rapidly to changing circumstances. It likewise implies that start-up business should want to take dangers and be open to originalities and approaches. This quote emphasizes the requirement for start-up business to remain flexible and to be going to re-evaluate their techniques and assumptions on a regular basis in order to remain competitive and effective.
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