12. From possible to probable

I wrote a posting HERE on using one's brain to go from what is "possible" to what is "probable."

Statistics show that within 3 years, 70% of all new businesses fail. In other words, most entrepreneurs will probably fail.

The challenge is for them to develop a system that makes it more probable for them to succeed.

This is perhaps the key benefit of the BMW workshop: it shows all the risks that a business MUST face, and how he should continually find ways to reduce or eliminate certain risks in order to increase his/her probability of success.

In other words, by having a business system that you improve daily (in the same way that Amazon founder Jeff Bezos says that he tries to improve his e-commerce system every day), you dramatically increase your odds of success.