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Which of the following statements would NOT be used by somebody that is using the affordable loss principle?
“I hate wasting my time on projects that have little chance of succeeding. But this time, considering our first user feedback and the complementary and united team,, I think it's really worth dedicating at least the next 6 months to it, even if I won't be paid”.
“I am quite risk averse. Nevertheless, the risk of missing my idea is worse than losing money. We have a family of 4 and loans still to be repaid. Nevertheless I managed to put aside 50,000 euros and I know that I can ask my employer for a year's unpaid leave. At the same time my wife has just received a nice raise and she agrees that I can test my idea, I give myself a year without pay to test my idea.”
“I am quite risk averse and ambitious. I have been working for 3 years with M cKinsey and since I have received a 20% increase each year, I now earn more than 200,000 euros yearly. A few months ago, we signed for the perfect property with my partner and as he is an artist the monthly loan payments depend mainly on my income. Meanwhile my best friend is pushing me to join her as a partner in the company she wants us to create. Given my standard of living, I don't feel like quitting my job and since it was my original idea, I feel like offering to work on it in my spare time, which is worth at least 50,000 euros, until the company can hire me.”
“I am quite risk averse. I find the very thought that I would be losing money that I saved up terrifying. But I also really believe in this idea that I have, so I have decided to allow myself to invest 5000 euro in it. If the idea doesn’t work, then at least I gave it a try. I think it could be really successful, but since you never know with entrepreneurship, I’m still afraid to lose more than 5000 euro. But losing 5000 euro won’t kill me either.”
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