From your sappy romcom to your gore first-person shooter video game, there is a noticeable glorification of risk-taking in the media. But that is NOT the case when you want to be a successful entrepreneur.

In this episode of The Disruptors Podcast, Rob talks about being a smart entrepreneur by staying away from big risk-taking decisions. Statistically, there are a little number of successful entrepreneurs who really took the biggest risk that turned their lives around. Listen as Rob discusses why it should it be balanced, its pros and cons, and the tips on taking progressive incrementally-increased risk to become successful in a realistic amount of time!

KEY TAKEAWAYS

• You don’t need to risk everything. Risk is a balance. If you have nothing to lose – finances are in a bad state – then it’s acceptable that you risk getting out of that state. But if you’ve got savings, investments, mortgages, etc., then be smart about taking a risk.

Tips on progressive incrementally-increased risk to become successful in a realistic amount of time:

• You can make progressively-increased risk decisions.
  • Marginally get out of your comfort zone. If you push yourself too far out of the comfort zone, then you could risk making bad decisions.
  • When you invest, invest a small money that you can afford to lose.
  • If it goes well, scale it up incrementally. If it doesn’t, learn and grow from there.
• Be careful at looking at others glorified stories.
  • You look at your mentors, idolized them, and say to yourself, ‘I wanna do that, I’m going to that.’ Not yet! Look at the whole journey they took to get where they are – which may have taken them years and years.
• When you are financially unstable, you will make emotionally unstable decisions.
  • You’ll want to save something for you. Don’t take big risk-taking decisions.
• Don’t be impatient.
  • Like a diamond, a compressed carbon over a hundred thousand years, it takes time to be well-formed. Along the way, you get to build your skills, credibility, and experience.
• It’s okay not to want a massive empire.
  • It doesn’t have to be a big corporation to be a huge success.
  • It’s okay to want freedom, to shoo away from fame, to prioritize family, etc.
• Beware of very one-sided soundbites like ‘Go big or go home’, ‘Go all out’, etc.

BEST MOMENTS

• "You have to be careful because sometimes the story, the excitement of risking everything - this glory that we perhaps see can make us make a bad investment or strategic decisions."
• "Sometimes, you're modelling people that are way ahead of you and you're missing the 10, 15-year journey they took. It's bad to look at people way ahead of you."
• "It's okay to say no to some things. It's okay to reduce the risk, to not put yourself under a lot of pressure, and to do the things that are right for you."
• "Get comfortably uncomfortable, not uncomfortably comfortable.”

[Business, mindset, entrepreneur, disruptors]

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ABOUT THE HOST

Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors”

“If you don't risk anything, you risk everything”

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disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com