Hundreds of thousands of new business ventures are launched every year in the US, and a large percentage of them fail within a few years. What's different about the entrepreneurs who make it? Are the critical factors to entrepreneurial success intrinsic, or can they be taught? How can entrepreneurs balance passion for their idea with smart risk management?

On this episode of The Big Question, Hal Weitzman talks with a panel of entrepreneurship experts, including Chicago Booth's Lindsey Lyman, Sterling Partners' Sean Bisceglia, and ZipFit Denim's Liz Tilatti, to understand what successful entrepreneurs have in common, and what all entrepreneurs should know before launching their first start-ups.

The COVID-19 crisis has prompted inspiring acts of innovation. Companies, governments, entrepreneurs, and citizens have proved how capable humans are of innovating during times of crisis. Responding to the acute public-health pandemic has forced rapid changes in health-care-delivery models. The social-distancing mandates have prompted complete workforces to adopt a virtual work model as well as K–12 school districts and university systems nationwide to figure out how to educate students through distance learning. The slowdown of commerce has pushed small-business owners to transform their business models overnight in an attempt to stay afloat amid economic collapse.

Read the Full Article on the Chicago Booth Review

Some have predicted that one result of the COVID-19 crisis will be a permanent shift toward more remote working. But Chicago Booth’s Lindsey Lyman says that while digital tools are helping us get the job done from home, they come with costs to efficiency, relationships, energy, and health.