lessoninthere

The Success Syndicate

Navigating Risk vs. Reward

How do you decide when a risk is worth taking? Have you ever taken a big risk that paid off—or one that didn’t go as planned?

I have done both. At 19, I took over ownership of a small franchise pizza restaurant. It was a good opportunity but it didn’t go as planned. The restaurant didn’t make money and I struggled to make ends meet. Ultimately, I sold it for a very small profit, but nothing for the time and effort put in. 

Then, in 2013, I quit my safe job to start a risky digital marketing company. We grew quickly and in 2014, a large competitor made a generous offer to buy out the company. I took that offer and I began working for them.

Today, I am much more careful about taking risks. I’m almost 40 and my time is more valuable to me now. I will still take risks but the rewards must be outsized for me to really do so. 

Let’s talk about the toughest risks you’ve taken in life, what you learned from them, and how you weigh risk vs. reward in your decisions today.

Interesting topic of the day by Maretus, it’s better to read and participate and say about your risk
/lessoninthere

Will definitely write about it. It's one of my fav topics