Imagine two aspiring entrepreneurs: Meg and Jen. They are equally capable and well-connected, and they are working on equally promising startup ideas. In fact, imagine that Meg and Jen differ in just one respect: Meg is thinking about what a good fallback job would be and how she plans to pursue it if her current startup fails while Jen is not.
Who do you think will work harder and in turn, have a better chance of success: Meg or Jen? Might merely thinking through a backup plan be enough to undermine Meg’s motivation and likelihood of success?
Interesting article on how preparing a backup plan can increase the odds you’ll need it:
Having a “Plan B” Can Hurt Your Chances of Success @scientificamerican.com