Which of the listed actions is NOT considered an effective way to improve chances of success in new ventures?

Blazing new trails signifies venturing into uncharted territory or developing completely original ideas, which can be challenging and risk-laden. While innovation and creativity are important aspects of entrepreneurship, focusing on completely new paths without learning from existing successful models may lead to increased chances of failure.

In contrast, preparing to be successful involves creating actionable plans and setting clear goals, which establishes a solid foundation for a venture. Imagining oneself to be successful fosters a positive mindset and boosts motivation, which is crucial for overcoming challenges. Studying those who are successful allows individuals to glean insights, strategies, and lessons that are proven to work, thereby increasing the likelihood of success by applying best practices.

These approaches emphasize learning from established successes, cultivating a strategic mindset, and preparing thoroughly, all of which are vital for increasing the likelihood of success in new business endeavors.