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5 ways entrepreneurs minimize risk blog post image

5 Ways Entrepreneurs Minimize Risk

5 ways entrepreneurs minimize risk blog post image

Contrary to conventional thinking, entrepreneurs are NOT risk lovers. They are outstanding risk managers. See five ways entrepreneurs minimize risk.

It’s National Entrepreneurship Week. Many people don’t know it, but historically, it’s small business – not large companies – that creates jobs. Of every three net new jobs created, two of them are created by small businesses. They are the engine of the economy.

We saw a great article over at Bloomberg by innovation consultants Michael Maddock and Raphael Louis Viton. They note a new phenomenon: Large companies are hiring professors to teach them how to innovate. The authors assert that it’s misguided:

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image of large wave with blog title: 4 steps to ride the waves of change

4 Steps to Ride the Waves of Change

image of large wave with blog title: 4 steps to ride the waves of change

Change is constant. You have a choice: Let the waves of change smack you in the face or ride the waves of change to BIGG success!

We discuss how to manage personal, professional, and financial change on The BIGG Success Show today. Here’s a summary of that discussion.

Ben Franklin said, “Nothing is certain except death and taxes.”

Isn’t it comforting to know that nothing has changed?

Ol’ Ben’s quote subtly hints that going forward, you can be certain that things will change.

The question is: are you leading change in your life or is it leading you?

As technology continues to develop, change is occurring more and more rapidly. Isn’t it safe to assume that, in the future, this will continue?

You have a choice to make.

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Image of 2 arrows and charts for our blog post about reverse side hustles

Reverse Side Hustles: More Money, Less Risk

Image of 2 arrows and charts for our blog post about reverse side hustles

A reverse side hustle can help you make more money while lowering your risk. We share three principles of finance, so you understand how this works.

We discussed reverse side hustles on The BIGG Success Show today. Here’s a summary of that discussion.

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Risk and Return feature image

Risk and Return: How Entrepreneurs Outperform Bankers

When it comes to risk and return, entrepreneurs and bankers take polar opposite approaches. But surprisingly, not in the way conventional wisdom suggests.

We saw an interesting study about the difference between corporate thinking and entrepreneurial thinking.

Corporate thinking is what we learn in business school. It’s exemplified by bankers in this study.

2 ways to approach risk and return

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Ask These Two Questions or Expect to Fail

ask these 2 questions for BIGG SuccessAn inquisitive nature is one of the secrets to BIGG success. But there are two questions which you can’t afford not to ask.

If you don’t ask these two questions, you can expect to fail. One of them will help you think bigger. The other one will help you move forward.

The question to think bigger

There’s a question children ask incessantly. They ask it so much that it can drive us adults absolutely crazy.

It’s a simple question but it packs of powerful punch. The question is:

Why?

Kids have a certain natural curiosity and a sense of wonderment about the world around them. It’s one of the secrets behind their creativity.

Yet we seem to lose it quickly. In fact, research shows that we lose most of our creativity by the time we leave the first grade.

We need to learn to ask “Why?” all over again. Only there’s not much to learn.

It’s more a state of being. But as adults, we have to begin with a state of consciousness.

We need to make asking “Why?” a habit. It won’t happen overnight. But you can develop this practice day by day.

What in your world demands asking “Why”?

The question to move forward

However, there’s another question which is just as important. In fact, it may be more important. Ask:

Why not?

What do you really want to do with your life? What’s holding you back?

Why not ask yourself “Why not”?

Why not go for it? Why not try? Why not just do it?

Why not stop regretting? Why not start living?

Why not give up the grind? Why not pursue your passions?

Most people are driven by fear. So ask yourself “Why not” so you really start to understand what you’re afraid of.

Many people tend to magnify the negative possibilities. They quickly get too scared to try to do anything to make their lives better.

People who reach BIGG success understand the negatives. They quickly work to minimize the negatives so they can take action without much risk.

Why not start living life on your own terms today? If you’re not sure where to start, maybe we can help.

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