Take calculated risks from "summary" of Built, Not Born by Tom Golisano
Taking calculated risks is a fundamental principle in entrepreneurship. It involves making decisions that may involve uncertainty and potential setbacks, but with a careful analysis of the potential outcomes. It's about weighing the pros and cons, considering the possible rewards, and determining the level of risk that is acceptable. In the world of business, risk-taking is unavoidable. Every decision an entrepreneur makes carries some level of risk, whether it's investing in a new venture, expanding into a new market, or launching a new product. However, the key is to not be reckless or impulsive in taking risks. Instead, it's about being strategic and thoughtful in assessing the risks and b...
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