Is it Good to Be a Risk Taker?
A common trait amongst the super wealthy entrepreneurs is the ability to take risks.
Most of the wealthiest entrepreneurs have taken a risk at some point in the career.
Sam Walton and Bill Gates are great example of men who took risks to gain ultimate success.
Now these men and others were not stupid risk takers.
They didn't jump at any opportunity or plan, which they or someone else devised.
There is a big difference between a risk and a calculated one.
They did their due diligence to see if it would be a calculated risk.
After the research was done they used their intuition to make the ultimate informed decision.
Having great intuition is not something that comes natural to most people.
However, there are great techniques that you can implement to strengthen your intuition.
One technique I use is called doing through research.
This can aid you in making a solid intuitive decision.
Another technique that can help you make a solid intuitive decision is the risk vs.
the reward.
To use this technique effectively the reward will have to be greater then the risk.
It will also have to be worth the risk.
Their may come times in your life when your intuition is off.
The risk you took turned out to be a failure.
That's o.
k.
, don't be afraid of failing.
You will learn more and grow more as a person through failure, then the person who never tries at all.
The unwillingness to take risk is so predominate in our society.
That is why there are more poor people then rich.
There are many reasons why people will not take a risk.
Some of the reason why are: they are afraid to lose, scared to try, easily persuade by other people's opinions, think they can't or don't deserve it, and/or haunted by their past failures.
When non risk takers see a nice expensive car drive by, like a Lamborghini, Ferrari or Maserati, they think to themselves, "That person is so lucky.
I wish I was as lucky as them.
" A risk taker thinks differently when they see nice cars.
The say, "that person took a risk and now their reaping the rewards of it.
The majority of entrepreneur focus too much on the "how part", how am I going to do this, or how am I going to get started.
This is how they come up short in the end.
Don't worry about the how, just get started.
You will figure it out as you go.
Do you think firefighter know exactly how each fire will pan out.
No, they take one fire at a time and react to what happens.
They don't stop and think.
They take immediate action, otherwise lives would be lost.
These types of entrepreneurs, like the fireman, have an unearthly amount of belief in their dexterity to decide when and what risk to take.
This skill is develop through experience.
They know when it is the right time to go for it and when to let it pass them by.
They developed this skill through: a tremendous amount of practice, being very persistent and dedicated, failure, envisioning and having a vision, having a mentor and lastly a determined focus of achieving their goals.
As a growing entrepreneur never be afraid to ask for help or advice from the right mentor, even the most respected and wealthiest has sought guidance at one point or another.
Another common trait amongst the super wealthy entrepreneurs is the ability to be a trail blazer/pioneer.
They never do or get involved with what the majority are doing or involved in.
They think for themselves and get ahead of the trends.
This is why there are only a tiny percentage of wealthy entrepreneurs.
Some things to keep in mind when trying to become a successful entrepreneur: be a pioneer, think out side the box, create the opportunity for the crowds, and lastly when the opportunity is saturated move to the next one.
A great example would be the housing industry.
Back in the 2001 through 2005 there was a very high demand for houses.
So, contractors started building homes to meet this demand.
Then in 2007 the market became saturated with homes.
However more and more people were becoming contractors.
They jumped on the bandwagon, but it was too late.
The housing market then took a huge loss and all of these new contractors were up to there necks in unpaid bills, debts, loans, etc...
The successful entrepreneurs were the ones who were there to capitalize in the beginning.
Always remember you want to do the opposite of the crowds.
You're a successful entrepreneur; you set trends for the crowds, not the other way around.
I will leave you with these last words.
Always dream for the sky, do what you love and what makes you happy.
Make sure to always do your due diligences, but if you come across an opportunity that your gut tells you to take advantage of.
I know you will be scared and doubtful.
However take action and take advantage of the opportunity.
Just make sure you take action, don't let life pass you by.
Here's to your success!
Most of the wealthiest entrepreneurs have taken a risk at some point in the career.
Sam Walton and Bill Gates are great example of men who took risks to gain ultimate success.
Now these men and others were not stupid risk takers.
They didn't jump at any opportunity or plan, which they or someone else devised.
There is a big difference between a risk and a calculated one.
They did their due diligence to see if it would be a calculated risk.
After the research was done they used their intuition to make the ultimate informed decision.
Having great intuition is not something that comes natural to most people.
However, there are great techniques that you can implement to strengthen your intuition.
One technique I use is called doing through research.
This can aid you in making a solid intuitive decision.
Another technique that can help you make a solid intuitive decision is the risk vs.
the reward.
To use this technique effectively the reward will have to be greater then the risk.
It will also have to be worth the risk.
Their may come times in your life when your intuition is off.
The risk you took turned out to be a failure.
That's o.
k.
, don't be afraid of failing.
You will learn more and grow more as a person through failure, then the person who never tries at all.
The unwillingness to take risk is so predominate in our society.
That is why there are more poor people then rich.
There are many reasons why people will not take a risk.
Some of the reason why are: they are afraid to lose, scared to try, easily persuade by other people's opinions, think they can't or don't deserve it, and/or haunted by their past failures.
When non risk takers see a nice expensive car drive by, like a Lamborghini, Ferrari or Maserati, they think to themselves, "That person is so lucky.
I wish I was as lucky as them.
" A risk taker thinks differently when they see nice cars.
The say, "that person took a risk and now their reaping the rewards of it.
The majority of entrepreneur focus too much on the "how part", how am I going to do this, or how am I going to get started.
This is how they come up short in the end.
Don't worry about the how, just get started.
You will figure it out as you go.
Do you think firefighter know exactly how each fire will pan out.
No, they take one fire at a time and react to what happens.
They don't stop and think.
They take immediate action, otherwise lives would be lost.
These types of entrepreneurs, like the fireman, have an unearthly amount of belief in their dexterity to decide when and what risk to take.
This skill is develop through experience.
They know when it is the right time to go for it and when to let it pass them by.
They developed this skill through: a tremendous amount of practice, being very persistent and dedicated, failure, envisioning and having a vision, having a mentor and lastly a determined focus of achieving their goals.
As a growing entrepreneur never be afraid to ask for help or advice from the right mentor, even the most respected and wealthiest has sought guidance at one point or another.
Another common trait amongst the super wealthy entrepreneurs is the ability to be a trail blazer/pioneer.
They never do or get involved with what the majority are doing or involved in.
They think for themselves and get ahead of the trends.
This is why there are only a tiny percentage of wealthy entrepreneurs.
Some things to keep in mind when trying to become a successful entrepreneur: be a pioneer, think out side the box, create the opportunity for the crowds, and lastly when the opportunity is saturated move to the next one.
A great example would be the housing industry.
Back in the 2001 through 2005 there was a very high demand for houses.
So, contractors started building homes to meet this demand.
Then in 2007 the market became saturated with homes.
However more and more people were becoming contractors.
They jumped on the bandwagon, but it was too late.
The housing market then took a huge loss and all of these new contractors were up to there necks in unpaid bills, debts, loans, etc...
The successful entrepreneurs were the ones who were there to capitalize in the beginning.
Always remember you want to do the opposite of the crowds.
You're a successful entrepreneur; you set trends for the crowds, not the other way around.
I will leave you with these last words.
Always dream for the sky, do what you love and what makes you happy.
Make sure to always do your due diligences, but if you come across an opportunity that your gut tells you to take advantage of.
I know you will be scared and doubtful.
However take action and take advantage of the opportunity.
Just make sure you take action, don't let life pass you by.
Here's to your success!
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