Don't put too much faith in the conventional wisdom

The video discusses the importance of challenging conventional wisdom and not relying solely on expert opinions when starting a business. It highlights the skepticism faced by entrepreneurs and emphasizes the need for belief in one's product and the courage to seize opportunities. The narrative underscores the significance of taking risks and the entrepreneurial spirit required to succeed.

What was the main advice given to the founders of Newcoming Garden Soup Company and Little Dish?

• To follow conventional wisdom

• To avoid taking any risks

• To listen to expert opinions

• To trust their instincts and not rely on conventional wisdom

What was one of the unconventional ideas proposed by the founders?

• Selling soup outside the traditional soup aisle

• Packaging soup in cans for safety

• Avoiding the food industry altogether

• Selling soup in the traditional soup aisle

Why did some people doubt the success of Little Dish?

• Because it was a well-established company

• Because it was a startup lacking industry credibility

• Because it had too much industry credibility

• Because it followed conventional wisdom

According to the transcript, how are opportunities typically realized?

• They are guaranteed to materialize

• They are given out freely

• They are seized by taking action

• They are always obvious

What is a key characteristic of entrepreneurs as mentioned in the transcript?

• Waiting for opportunities to come

• Avoiding risks at all costs

• Taking calculated risks

• Following only expert advice