540 | The Pros & Cons: Becoming a Risk Taker
Sep 19, 2023 ·
43m 18s
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Description
Use the timestamps below to guide you better as a leader or individual: - Are you a risk taker? https://otter.ai/u/-kFDSiOJOvVhixaO0co_ly1vSwA?tab=summary&t=1s - Three big things leaders need to consider when deciding...
show more
Use the timestamps below to guide you better as a leader or individual:
show less
- Are you a risk taker? 0:00
- Three big things leaders need to consider when deciding whether or not to take that risk and what they may risk by not taking it.
- Are you a risk taker?
- Intro to today’s show. 1:47
- Today's episode will examine ways to assess risks and what might be holding us back from taking necessary and important action in the face of uncertainty.
- This show is about making better decisions.
- When it comes to risk, brian enjoys taking risks. He has raced formula cars and is a multi-business owner. He likes to calculate risk.
- He asks the question, how could this fail? What could failure look like? He wants to know the potential risk and potential loss.
- Taking a leap of faith. 5:50
- When joel started his business, he took a big leap of faith, and it became way more than he thought it was going to be in the beginning.
- He has done over 500 next level life change programs, including a scholarship program for single moms and single dads.
- Take the leap of faith. God is not calling you to anything that's going to fail. god's never going to call you to something that goes against him.
- Three big choices to learn as a risk taker, starting with taking baby steps.
- Understanding your capacity and understanding your weaknesses. 11:18
- The biggest risk is not taking any risks at all, and not knowing what your capacity is or how to live life to the best.
- Keys to understanding your capacity.
- If you don't take risks, failure will be your master, not your teacher. Failure is the greatest teacher for the student who is willing to learn.
- The five aspects that allow you to fail, as long as it's not a fatal failure.
- How he started investing in real estate. 15:56
- He started investing in real estate when he was 10 years old and wanted to own real estate as a kid.
- He has a couple of real estate companies.
- Putting money back into people as a resource to change lives and impact more people.
- Hiring marketing people that didn't make things happen over the decades.
- Embrace failure, not fear. 19:51
- Number two is embracing failure, not fear. Failure is part of any learning process, but fear keeps us bound to mediocrity.
- Fear is a colossal waste of time.
- Fear is an incredibly small percentage of the fear that you experience in a day, but it creates all the rest.
- The bulk of fear is being afraid of man's opinion.
- Healthy people vs toxic people. 24:00
- The opinions you should be concerned about are the ones that come from healthy people who know what they are talking about.
- The victim mentality that is going around right now.
- How spending time around people who are victims leads to becoming one, and how to make better decisions in life.
- The importance of constantly gaining perspective and asking for opinions.
- Do not fear failure. 28:10
- It's okay to fail, just don't do fatal failures. Learn what happened and how to fix it. Learn how to identify failure and teach and grow people in the situation.
- Number three, calculate the risk. First, what fear is the fear, and why fear is imaginary.
- If this thing fails, ask how can it fail. The first question to ask is, how can this thing fail?
- If it fails, consider how it will affect you, your family, your kids, your team, your business, or how it could affect others.
- How much is this going to cost me? 33:48
- Ask how bad the risk is on a scale of zero to 10, and how badly it will impact people, finances, etc.
- Start small and take baby steps.
- If people love the tacos, then upgrade to a food truck. If people love them, then go ahead and do a brick and mortar, but start small.
- If the decision is starting a new business, there is a ton to calculate if it is a new idea.
- How to boost your risk taking bandwidth. 38:30
- Five things you can do today to help boost your risk taking bandwidth, clarify goals, consider the rewards and potential benefits, surround yourself with successful risk takers.
- Become comfortable with change.
- Mark Twain, 20 years from now, you will be more disappointed by the things you didn't do than by the ones you did.
- Check out crystal crypto's executive coaching program.
Information
| Author | Chris LoCurto |
| Organization | Chris LoCurto |
| Website | - |
| Tags |
Copyright 2024 - Spreaker Inc. an iHeartMedia Company
