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2023 Risktaking as an Entrepreneur on Mindset Monday
Solopreneur Success Strategies
English - November 27, 2017 11:00 - 6 minutes - 6.47 MB - ★★★★★ - 6 ratingsBusiness Education cashflow athomebusiness business entrepreneur homebiz homebusiness homeoffice infopreneur lifestylebusiness marketing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: 2022 Being a Reluctant Entrepreneur defined
Without risk there is not, and cannot be reward. As an Entrepreneur, life is uncertain from day to day so there is always an element of risk. There is an element of chance inherent in every venture and unless that chance is recognized and faced, the venture will never become reality. Keep in mind that the secret of success when it comes to business risk is mitigating potential damage in favor of potential gain. Coolly and impartially assess the potential positive and negative outcomes and decide accordingly. Imperfect action is better than no action. However, you need to manage the risks as an entrepreneur to control the negative consequences.