Have you ever wondered what common sense does mean? Well according to Wikipedia, it is a basic ability to perceive, understand, and judge things, which is shared by (“common to”) nearly all people and can reasonably be expected of nearly all people without any need for debate. Common sense meaning in general is – practical intelligence of a person. Common-sense has much influence on life of entrepreneurs, specially during their startup days where they are expected to play and win the game with limited liabilities.
Let’s have a look on some facts before going through the podcast.
Entrepreneurs are expected to have common-sense as a primary quality. Actually it is the common-sense, what helps entrepreneur to revive his/her business from crises. Why so?
That’s because often they have are expected to show the best decisions making capability and quick response and probably with few resources. They can’t consult experts every time. They need to react quickly and confidently.
Common-sense is the ability of the person to think and react in a reasonable way and to make good decisions. – merriam-webster.com
Sir Robert James Sherwood is a well known consulting adviser to technology startups and accomplished expert witness on litigation associated with the Internet. He has more than 40 years of industry experience and engaged by both plaintiffs and defendants in litigation matters regarding website advertising, software, patents, licensing, e-commerce and related Internet issues. This is the moment of extreme proud and joy for me to launch a series of podcast of professor Bob(popular public name of Sir Robert J. Sherwood) exclusively on StartMyOwnBiz. In this episode, professor Bob talk about common-sense and its importance.