SANDBOX INDUSTRIES
Principles
The team at Sandbox Industries believes that the best way to improve prospects for successfully building businesses is to identify in advance the most likely ways a particular project may fail, and to test those potential failure modes as quickly and cost effectively as possible. That conviction has five major corollaries that serve as the cornerstones of Sandbox Industries business and investment outlook.
Confront Risk
A business plan cannot simply be a success scenario in which everything goes right. It must explicitly identify the major assumptions, uncertainties and risks that could cause the business to fail or fall short of its goals. It must also describe the specific method(s) for testing critical risk factors as early and as inexpensively as possible. Understanding how to design and conduct such tests is part of the core competency of Sandbox management.
