An entrepreneur tends to bite off a little more than he can chew hoping he’ll quickly learn how to chew it. – Roy Ash

Roy Ash was the co-founder and president of the American company Litton Industries and director of the Office of Management and Budget during the administrations of Presidents Richard M. Nixon and Gerald R. Ford.

A quote by an experienced businessman, and do reflect the nature of entrepreneurs. Litton Industries was a large defense contractor in the United States, founded in 1953. From this perceptive, you can understand that the company be an adapt of the popular fake it till you make it philosophy.

An entrepreneur tends to bite off a little more than he can chew hoping he’ll quickly learn how to chew it.

– Roy Ash

Entrepreneurs, especially in the public contracts space, need to adapt to the needs rather than offer their expertise. For example there is a public contract for transporting 100 tones of plastic from 1 location to another, an entrepreneur can jump in and undercut big transport companies, due to lower overhead, hire a couple drivers, rent few trucks and do the job, even if his company have never done such a thing before. Hence entrepreneurs take a risk and take contracts or make deals that surpass their actual capacity, knowing that they can rely on hiring the needed manpower to successfully accomplish the job.