Underlying all the principles of effectual reasoning is a coherent logic that rests on a fundamentally different assumption about the future than causal reasoning. Causal reasoning is based on the logic, To the extent that we can predict the future, we can control it. That is why both academics and practitioners in business today spend enormous amounts of brainpower and resources on developing predictive models. Effectual reasoning, however, is based on the logic, To the extent that we can control the future, we do not need to predict it.

From What Makes Entrepreneurs Entrepreneurial.

• being open to opportunities or insights that come along spontaneously
• mingle with a broad variety of people and enjoy meeting new people
• make decisions based upon instincts
• expect encounters with others to result in something good and often manifest this
• do not dwell on misfortune and find the positive in all situations
• continue to pursue goals despite early discouragements

Always be cognizant of opportunity, no matter the source, and be ready to change course appropriately. Many times my life has taken new and adventurous turns, because I was able to quickly realize the value of a new proposition and then act upon it. Keep moving forward.