Jul 3, 2020

5 tried-and-true tools for entrepreneurs dealing with crisis

In times of crisis and uncertainty, entrepreneurs are more likely to look outside of themselves for answers. Desperation makes the idea of a playbook—a quick-fix rule sheet outlining what worked for someone else in the marketplace—even more appealing. But we need to resist the temptation to check our creativity at the door. In this environment of high disruption, when all the rules have suddenly changed, it is more important than ever to ditch the playbook and focus on the toolkit instead.

There are three reasons to toss out the playbook. First, anything that has already been disclosed lacks an essential element of surprise. In sports, a play is successful when it is so novel—so innovative and unexpected—that no one sees it coming. By this logic, following someone else’s playbook inherently lacks ingenuity.

This leads to the second problem with playbooks: They invite copycats and crowd the space with imitator competition.

Read the full story on Fast Company

More from Daniel

End of Year Note 2023

Dear Friends,
As we approach the close of this tumultuous year, I am reflecting on the challenges we’ve experienced in pursuit of our mission to foster kindness in the US and across the world.

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A Letter to College Students: 10 Ways to Side with Humanity

By Lonnie Ali and Daniel Lubetzky

Over the past two months, people of all races, ethnicities, and religions have experienced enormous pain and suffering. Acts of terror, war, and ensuing hatred have deepened the cracks that were already threatening to divide our communities.

You, our nation’s young people, have been implicated in this. The campuses on which you live, learn, and strive to become the people you want to be, have turned into battlegrounds. Some of you are angry. Some are scared for your lives. Others feel confused and alone.

This is not your fault. It is not one group’s fault. Extremist ideologies sow division wherever they go. Most of you are not radical. We see you. Most of you are compassionate. We hear you. The overwhelming majority of you want to supplant the forces that divide, destroy, and diminish with ones that unite, build, and bring light to the world. You want to replace polarization with problem-solving to benefit all people.

As a passionate Muslim and a passionate Jew, we have come together to humbly share a path forward for how to transcend the construct of “us vs. them” and side with humanity instead.

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Terrorist Attacks by Hamas- Builders vs. Destroyers

As someone who has dedicated my life to build bridges between people, most centrally among Israelis and Palestinians committed to resolve their conflict and build a better future for their children (ie., OneVoice & PeaceWorks Inc), I hope everyone will unanimously and vocally condemn the appalling terrorist attacks by Hamas. Hamas proudly targeted women and children as hostages. Ukrainian President Zelenskyysaid it best: terror like that perpetrated by Hamas must be eradicated or else violent extremism metastasizes and harms us all.

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