Would you bet on yourself? Small business owners do this every day. Risk is part of the equation – calculated risk is what successful business owners will take. In order to get to the next level, and not just survive but thrive, you need to take risk. In order to improve your business, you have to be willing to listen to what works and what doesn’t. In academics, we called it evaluation. in business, we call it everyday application. Does it work? Did we make a profit? Is there a demand for this product or service?
As time goes on, the more experienced business owner will learn to listen carefully about what will make the business work……tweaking out all the details until it is right.
As a family, we play Texas Hold-Em – young and old alike. Grandpa against the oldest niece, where we’ve seen 4 twos beat out a three of a kind -Kings. Even the youngest knows when to call “All -In” and with reason and calculated risk, each member has a more even chance to win. Logic, reasoning, problem solving, decision-making, all in the name of fun. yet, this is practice for how each of us will decide what makes sense when faced with other problems, real-life problems.