Take calculated risks from "summary" of How to Make Money by Felix Dennis
In business, you must be willing to take risks. But not just any risks - calculated risks. These are risks that have been carefully thought out and analyzed, with the potential rewards outweighing the potential losses. Taking calculated risks is essential for growth and success in entrepreneurship. It allows you to push the boundaries, explore new opportunities, and innovate in ways that can lead to significant gains. However, it is important to note that not all risks are worth taking. Before diving headfirst into a new venture or investment, it is crucial to do your homework. Research the market, assess the competition, and evaluate the potential risks and rewards. By doing so, you can make informed decisions tha...
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