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100 Words On: How Smart People Make High Risk Ventures Pay Off

By Len Penzo

Risk and reward are inextricably intertwined. Of course, the richest rewards come to those who are willing to take the biggest risks. The oft-forgotten corollary to that strategy is that, by its very nature, high risk endeavors also have a greater chance of failure. That’s why most successful entrepreneurs and investors carefully evaluate risks and identify corresponding contingency plans before making a big decision.

The bottom line: Whether it’s a significant investment, a new job, or business venture, risk comes with the territory. The key lies in correctly quantifying that risk — otherwise you’ll never know if it’s truly worth it.

Photo Credit: Carla MacNeil

5 Comments December 20, 2012

Comments

  1. 1

    Scott @ Financial News Group says

    Spot on mate – when needs must you need to make the jump – as long as you keep in mind that you win some and lose some 🙂

    Reply
  2. 2

    krantcents says

    I would like to think I make calculated risks. The funny thing is I hate gambling, but I am willing to take business risks. So far, it has paid off pretty well.

    Reply
  3. 3

    Pauline says

    Successful people have failed more times that they can count before they succeeded, but aren’t afraid of getting back in the game and trying one more time.

    Reply
  4. 4

    Lance @ Money Life and More says

    This is why I don’t jump all in to my new ventures. Always have to have a back up plan!

    Reply

Trackbacks

  1. 7 Signs That Tell Smart Stock Market Investors It’s Time to Sell – Len Penzo dot Com says:
    November 30, 2019 at 12:00 pm

    […] it raises your suspicion, right? Something must be up! Similarly, if a company you invested in starts taking risks that are out of character, watch […]

    Reply

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