"Entrepreneurs take calculated risks" is a phrase or quote I hear ever so often in sales, entrepreneurship, or business seminars... but the phrase always confused me. At first, I just took it for what it was worth, never really thinking too much about it. But after some pondering, I feel like this word of advice never really gave me any thing concrete to work off of. I mean, what are am I really supposed to get from it? Can any entrepreneurs even explain this to me? Are entrepreneurs out there calculating the risks on Excel Spreadsheets and Monte Carlo models or are they really just using their intuition? (which could be even better than the mathematical models). I feel like it's the latter... so why even use the phrase? First of all, it holds little meaning, and secondly it's confusing. i would say that a majority (now, I said majority , not all) of entrepreneurs out there aren't even doing any real mathematical simulations out there. Let me tell you why this ...
Sometimes, stress and anxiety arise from the fact that we do not accept reality for what it is. We have a different idea of what we want or would like reality to be. As a result we're upset, perhaps discouraged, or angry that things should be different. Although easier said than done, all these things seem to slip away once we agree to accept the current state for what it is. I suppose this is the meaning of being present – being not particularly reflective of the past (what has happened) or future (what will happen), just being here and accepting everything for the the way it is right now.
Failing Forward: it means that if at any time you fear of doing something - just say yes - and treat it as a learning lesson or opportunity. Framing is key here. The fact is that if you don't ever try, you will never learn the skills to be good at it and have the confidence to do that thing independently in the future. The counter argument is that you don't intend on acquiring the skills to be good at the thing you want to do. I.e. you don't find any future value in learning and acquiring the skills to be good at the thing you want to do - I.e. You're only going to do this one time. E.g. I'm only going to go skydiving once in my life so I don't need to be good at skydiving, there's no use in acquiring those skills for the future. However, if you can see yourself doing the thing more than once it even very occasionally, the value in acquiring those skills (DIY) increases (e.g. cooking a good healthy meal).
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