Sharing Daily Discoveries About Personal Finance And Business Topics

Taking Risks

financial planning

I’ll admit, I’m a big fan of the show “The Apprentice” as a lot of the events that happen around the show are genuinely real situations that I have often seen and experienced both as an employee and a business owner. One thing that really stuck out was how it was mentioned that you must be willing to take risks to be successful. I personally agree strongly that one must be prepared to take risks as in order to be an innovator and a leader you must be willing to venture and explore various options to enable yourself to achieve your goals. Also, in my opinion it’s not just about taking risks, but rather taking calculated risks.

It would be very easy for me to say for example that I will simply take $1000 , throw it into some kind of venture and see what happens. While you can say that is taking a risk, in my opinion that would be very similar to playing the lottery where it’s a risk relying heavily on luck. Instead, taking a calculated risk means that you should have a plan and vision on how you are going to be successful while recognizing the types of sacrifices that will be necessary for you to do so. While there are still chances that you may fail, at least you have increased your odds by taking an active role in trying to mold out your own future. While many people will often ridicule you in taking such risks, just remember that if you did your research on a topic and it sounds like something that could work in which you would have no objections of, have the courage to take that next step. You’ll never know how far you can go unless you try.




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