Remember when I said that you should take risks? Yep, you should. But, you shouldn’t take every risk that presents itself.
Instead, manage your risks.
Learn to recognize which risks are worth taking and which you should walk away from.
For example, if you know that you don’t fit the mold of the typical entrepreneur, find out how to better fit in and limit your risk of being skipped over for being different.
As a successful entrepreneur, you need to learn how to identify which risks to take but also when to take risks.
Taking risks isn’t just about what the risk is but also when you’re taking the risk.
Earlier on in founding your business, taking a risk might have a much lower chance of failure than toward the end of founding your business.
Be sure to recognize where you are in the entrepreneurial cycle when calculating which risks to take.
Learn to manage your risks and you’ll be a much more successful entrepreneur.
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Categories: Book Review