Are There Risks Entrepreneurs Face - Yes And Small Steps Make A Difference

Small steps help you manage the risks entrepreneurs face.

Okay. Hey, I got this question in today and I had some ideas around it. So I wanted to quickly answer. Rita asked:

How do you minimize risk when you have a new idea?

Ahh, such a great question. Here's the thing I want you to think about Rita. First of all, there's no such thing as no risk. If it is not risky, it's probably not worth doing. But there are some things you can do to maybe not minimize it, but to make it manageable for you. So first of all Rita, when you're thinking about getting ideas out to the world or taking it to the next level, I want you to think about, instead of going from right here all the way over here immediately, I want you to think about how you can chunk up and make a bunch of small little risks that you can manage all along the way one little step at a time.

I find that the people that say well I tried something, it was too risky and I failed. Often it's because they went too big, too soon when they should have thought about how do I chunk it out and make it small little risks that I can kind of mentally and in the real world manage. Here's the other thing I want to say to you and to the community out there. Risk is a very subjective thing. What I might consider risky, you may not. It's how we perceive it, and the question I want you to ask yourself is, is what I'm about to do really risky or am I just afraid to fail. Sometimes failure shows up as risk but really it's not.

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