The Nature of Enterprises: Part 6: The Lessons of History

Many lessons can be learned from these enterprises.. First, those who shared equal risks often shared the rewards of success or the consequences of failure. Second, sometimes the one who assumes the greatest risks does not receive the direct benefits of success as were the cases of Columbus and King John. Third, though the ventures may be worthwhile as was Columbus’s voyage, they do not always turn out as planned. Fourth, great enterprises are the result of vision, planning, risk, execution and follow through. Fifth, never fear to assert an idea if you have reasonable belief in success, because somewhere, someone is always willing to share the risk.