MASTER Risk Model - Learning Resources - Abilities

Financial Management

Spend 30 minutes reviewing your venture’s spending and runway, even if it feels uncomfortable.

Ask to sit in on a peer founder’s finance session—listen carefully and note what you learn.

Track your personal and business spending for one week—summarize insights at the end.

Choose one key financial metric (e.g., runway, burn rate) and check its current value—note the trend.

Identify a vague expense line in your books—ask your accountant or mentor for clarification today.

Set a micro-financial goal (e.g., extend runway by one week) and track results after two weeks.

Project Management

Define and document scope, timeline, and key milestones for your next deliverable—even if informal.

Choose one project tool and manage your venture entirely on it for a full week.

Ask your team to agree on roles and communication norms before starting your next project.

Identify a key project risk and draft a short fallback plan—what will you do if it materializes?

Schedule a short retrospective after a sprint—review what worked, what didn’t, and what to improve.

Take ownership of a small project stream—commit to updating your team weekly until completion.

Change Management

Volunteer to lead or support one aspect of an upcoming pivot or product change in your start-up.

Create a one-page “pivot briefing” for your team—explain the what, why, and how of the shift.

Identify one unclear pivot in your venture—ask an advisor for clarity and better direction.

Set up a peer check-in to surface emotional reactions or concerns about a major pivot.

Choose one personal habit to adjust this week—practice resilience in the face of small changes.

Translate a high-level pivot into one clear action your team can prioritize immediately.

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