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== Building a Portfolio of Small Bets ==
Rather than planning an entire project or starting with a big idea, entrepreneur and author Peter Sims argues that organizations should create a set of small experiments that are designed to inform larger goals. According to Sims, [http://www.amazon.com/Little-Bets-Breakthrough-Emerge-Discoveries/dp/product-description/1439170436 " a A little bet is a low-risk action taken to discover, develop, and test an idea. So, for instance, Chris Rock develops new comedy routines by making little bets with small audiences, while Amazon’s CEO Jeff Bezos makes small bets to identify opportunities in new markets. Little bets are at the center of an approach to get to the right idea… without getting stymied by perfectionism, risk-aversion, or excessive planning."]
In order to make progress on expanding the entrepreneurship and innovation ecosystem at Furman, a portfolio of small bets should be created in order to test assumptions and inform next steps in a way that makes use of existing assets and resources. Such small bets could include: