In order for you, the entrepreneur, to expand your business, you need to get comfortable with taking risks, but, taking risks isn’t about making ad hoc decisions, it’s about educating yourself, mitigating the downside, making a decision to proceed or not, and then, executing as flawlessly as possible.
Taking risks is at the heart of building a thriving business, and in creating wealth.
These risks taken in business, not just in running your business, but, in your investments as well, will dictate how successful you ultimately become.
So how do you know when and how to take risk?
In this podcast, I review something I’ve called the Risk Compound Effect, and it goes like this:
The better educated on a particular topic you become, the finer your decision-making instinct becomes. —–>
The finer your decision-making instinct becomes, the higher the chance your bet will pay off. —–>
The higher the chance your bet will pay off, the bigger the bet you can take, and —->
The bigger the bet you can take, the more you compound your success. —–>
In this podcast episode, I will be discussing four critical criteria for risk-taking you must understand in entrepreneurship.
My Favorite Murder with Karen Kilgariff and Georgia Hardstark
My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.
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