The First Buck

Learning How To Take Risks and Invest in Your Business With Rick Wade


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Rick Wade is the Senior Vice President of Strategic Alliances and Outreach for the US Chamber of Commerce. In this role, he is responsible for fostering diverse business partnerships through program development, providing counsel on policy issues, and serving as a strong advocate for American-owned businesses.

Rick has devoted his career to improving communities by strengthening the US economy and advocating for quality education. He was a senior advisor in the 2008 Obama for America campaign and the Founder and President of The Wade Group, assisting small and mid-size businesses with revenue growth by building strategic alliances.

In this episode…

An innovative idea is the first step in an entrepreneur's journey to owning a business. Launching your business can be a financial gamble — especially if you're unfamiliar with business investment strategies. How do you know which risks are worth taking?

Rick Wade, a seasoned business leader who experienced adversity in his early years, can relate to the uncertainty of entrepreneurship. He encourages young entrepreneurs to invest in themselves while exercising discernment and seeking mentors who will help navigate opportunities as they present themselves.

On this episode of The First Buck Podcast, Nicolas Cary welcomes Rick Wade, Senior Vice President of Strategic Alliances and Outreach for the US Chamber of Commerce, to advise young entrepreneurs preparing to launch a startup. He talks about the experience gained while working for Barack Obama during his campaign and presidency. Rick also discusses how to become comfortable with taking business risks, the value of investing in social capital, and how to manage stress as a business owner.

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