Be your own boss may seem to be risky at first but…If you think being your own boss is risky, then try working for someone else’s dream and let me know how it works. Today, I’m going to share with you why taking risks is essential if you want to be your own boss.
Hello, I’m your host Kaycinho, I’m a digital alchemist, and today I’m starting a new series around quotes to give you motivation in your entrepreneur journey.
After all, being an entrepreneur is all about the mindset and we all need that motivation to keep on going day after day so I hope it will help you get as pumped as I am.
But before we move on, if it’s your first time here, and you want to brand, market and grow your business it in the Digital Age make sure you subscribe to my channel by clicking here and smash the notification bell, so that you never miss your share of digital alchemy.
With that out of the way, let’s look at today’s quote:
If you don’t take risks, you will always work for someone who does.
That quote is so true in my experience, that it inspired me with the next 5 points:
1. Be your own boss: taking risks has always been part of man’s evolution
Let’s go back to time for a moment.
Picture cave men. They’re called cave men for a reason. At one point, they had to move into cave in order to find shelters from the dangerous outside world, keep the fire alive, and so on.
But the thing is: before they could benefit from the shelters, they had to take risks because some of the creatures in the cave were even more dangerous than those staying outside.
Some people had to take some risks before the rest of their tribe could develop and thrive.
I’m no historian, but the point I’m trying to make is that in your personal evolution, you will need to take some risks if you want to level up.
2. Be your own boss: somebody needs to take risks anyways, so is it going to be you?
In life, you will find risk takers… and the rest. So which one will you be?
Now I would like to stress one point: it is not bad to be employed. Even though I obviously advocate for the entrepreneur route, good and dedicated employees are what make great companies.
They’re like an army and if they are managed by a smart general, it can do wonders.
But if you know you don’t want to be employed eventually but for the time being you still have a job, chances are you’re not in with the right mindset.
Because more than likely you are frustrated about the situation and are not giving 100%.
And when you are in that state of mind you can never win.
Think about it. If you are a follower, you are placing your fate in someone else’s hands.
If they succeed, they get the benefits. And if you don’t have the right mindset, chances are you will not stand out as an employee so forget about that raise that you’re hoping for.
If the fail, you may be out of a job.
So if you know you have an entrepreneur sleeping inside of you, instead of waiting for your fate to go left or right, wake up and start taking the necessary risks to work on your dream, and not someone else’s.
3. Be your own boss: taking risks does not mean rushing head first
Let’s be clear: taking risks does not mean running around like a headless chicken.
I definitely think you should take risk as an entrepreneur but I’m talking about controlled risks here.
Depending on your situation (single ? married? with children?) you will have to plan so that, should you fail, you will have B, C and D plans to fall back on your feet.
You may have to save up for a few months or more, but whatever you do, plan, plan, and… PLAN!
4. Be your own boss: taking risks makes you learn faster
Taking risks give you a lot of experience in a shorter amount of time.
Let’s imagine person A growing a blog organically. By working hard and being dedicated, eventually they will gorw an audience, and have enough metrics to analyse the results, good or bad.
Now let’s imagine person B growing a blog, but taking the risk to pour in some advertising money. In a much shorter amount of time, person B will reach the point that it may have taken years for person A.
So if both person A and person B failed in that venture, person B would move on much more quickly by starting a new venture that would take into consideration the mistakes made in the first venture.
And as we know, successful entrepreneurs have often failed several businesses before they nail it down and are labeled “successful”.
Now to be clear, I don’t have anything against growing organically, but I was just giving the exemple to illustrate how taking risks can make a difference.
5. Be your own boss: taking risks turns you into a leader
When you take risks, even if you fail, the people around you, your peers, your employees and even your ennemies will respect you.
Because true entrepreneurs don’t look at failure like a final state. On the contrary: they know it is actually getting one step closer to success.
I’l like to illustrate that as an example.
As you may know, I love soccer (called football outside the US).
Couple of years ago, France reached the final of the Euro (a tournament with the best european soccer teams).
The tournament was happening in France, so everybody was ready to party! The last major cup won by France was the World cup in 1998 (actually the Euro in 2000 too) and the opponent team (Portugal) seemed inferior. So France played and they took some risks on the field.
And guess what happened? France lost.
As you can imagine, many people started bashing the players and the coach. Everyone is entitled to their own opinion, but although I on’t really enjoy that coach’s ultra-defensive style, I still knew he was a clever man.
Two years later
Fast forward two years later at the World Cup this time. France reaches the finals.
That was tough, because the whole team and the coach still had that lost finals from 2 years earlier in their head. So France played and took controlled risks.
And guess what happened? France won!
Now, which one would you rather win? The Euro or the World Cup? I’ll let you answer that question.
Had they not taken risks 2 years earlier, they probably wouldn’t have won the World Cup. Because, the amount of experience they gained with that lost final equalled what other teams take years upon years to gather.
To be victorious, there must be leaders, and risks must be taken. And sometimes, risks look like failure, when they are actually a step stone to a larger success.
Be your own boss: your turn
So, I hope that this episode gave you a clear view about why taking risks is essential to your success both in life, and as an entrepreneur. Just remember to plan, plan and … PLAN!
What about you? How d you cope with taking risks? Let me know in the comments.
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