Yeah, I know the image of a guy jumping off one cliff unto another isn't exactly calculated. It's probably a dumb thing to do, but I didn't have a lot of images to work with and at least I dropped a few coins on the other side, and you can see the guy is pretty stoked, and it looks like he's going to make it. I also had to capitalize "calculated" for obvious reasons. Let's face it, we all have taken some form of risk in our life; what the hell am I saying... We take risks every day. When we walk out the door, when we step off our bed, when we get in the vehicle, etc. Things could go south even with these simple tasks. There's a risk attached one way or the other, and financial risk is no different. Chances are that you have invested in that shitcoin and now you're rekt. I also have a long list of 'not-so-great' investments. I was having a conversation with a friend of mine (well, a tad more than a friend) about her business and it got me thinking about how important it is to take risks. It's like cause and effect. RISK - REWARD.
It's one thing to go all in and hope for the best possible outcome, it's another ball game when you position yourself strategically while having a fail-safe. Here is a good and familiar instance; So this friend of mine runs an SME. She gets shirts and shoes, and other accessories from a dealer and re-sells them directly to consumers; basically, she is a retailer. She would normally get a small quantity from her dealer and then sell them off in a few days or weeks. Sticking to minimal quantity because she does not want to have leftovers, which makes sense since no business would want to run at a loss. I then advised taking that leap. Not necessarily going all out and bringing in a truck full of goods, but getting more supplies and upping her game. Irrespective of whether she sells it all, two things would happen;
She would want to up her marketing and push herself to sell it all.
She would get new customers
It's not rocket science. There is no growth without risk-taking. (The leaping tiger in the design is brilliant, isn't it?) In conclusion, being an entrepreneur, trader, etc. isn't a day's journey, it's a long process of hit and miss, learning, growing a consumer base, and growth. You're going to take a lot of Ls, it's inevitable, but you can choose to learn from them and grow with them or you can choose to be in your comfort zone and not expand. We all take risks every day, financial risks are important because they could change our life literally, hence we have to carefully and critically assess them. Well, I hope you've learned something. Thank you for reading, Cheers.
oh, all the images here were edited by me on Canva
