synchronized this just wink at me yeah why why is that haha ah Jesus Christ
why why is that haha ah Jesus Christ
why why is that haha ah Jesus Christ this way I works weird good morning
this way I works weird good morning
this way I works weird good morning believe nation today’s message is
believe nation today’s message is
believe nation today’s message is minimize risk over to you Manish pobre
people think that entrepreneurs take
people think that entrepreneurs take risk and they get rewarded because they
risk and they get rewarded because they
risk and they get rewarded because they take risk in reality entrepreneurs do
take risk in reality entrepreneurs do
take risk in reality entrepreneurs do everything they can to minimize risk
everything they can to minimize risk
everything they can to minimize risk they are not interested in taking risk
they are not interested in taking risk
they are not interested in taking risk they want free lunches and they go after
they want free lunches and they go after
they want free lunches and they go after free lunches and so if you study on any
free lunches and so if you study on any
free lunches and so if you study on any number of entrepreneurs from Ray Kroc to
number of entrepreneurs from Ray Kroc to
number of entrepreneurs from Ray Kroc to you know herb shorts at starbucks and to
you know herb shorts at starbucks and to
you know herb shorts at starbucks and to even even Buffett and Munger and so on
even even Buffett and Munger and so on
even even Buffett and Munger and so on what you’ll find is that they have
what you’ll find is that they have
what you’ll find is that they have repeatedly made beds which are low-risk
repeatedly made beds which are low-risk
repeatedly made beds which are low-risk beds which have high return
beds which have high return
beds which have high return possibilities so they’re not going high
possibilities so they’re not going high
possibilities so they’re not going high risk high return they’re going low risk
risk high return they’re going low risk
risk high return they’re going low risk high return and even with Bill Gates for
high return and even with Bill Gates for
high return and even with Bill Gates for example the total amount of capital that
example the total amount of capital that
example the total amount of capital that ever went into Microsoft was less than
ever went into Microsoft was less than
ever went into Microsoft was less than 50,000 between the time it started and
50,000 between the time it started and
50,000 between the time it started and today that’s the total amount of capital
today that’s the total amount of capital
today that’s the total amount of capital that went into the company so Microsoft
that went into the company so Microsoft
that went into the company so Microsoft you cannot say was a high-risk venture
you cannot say was a high-risk venture
you cannot say was a high-risk venture because there was no capital deployed
because there was no capital deployed
because there was no capital deployed but it had high uncertainty Bill Gates
but it had high uncertainty Bill Gates
but it had high uncertainty Bill Gates could have gone bankrupt or Bill Gates
could have gone bankrupt or Bill Gates
could have gone bankrupt or Bill Gates could have ended up the wealthiest
could have ended up the wealthiest
could have ended up the wealthiest person on the Forbes 400 and he ended up
person on the Forbes 400 and he ended up
person on the Forbes 400 and he ended up at the extreme end of the bell curve and
at the extreme end of the bell curve and
at the extreme end of the bell curve and that’s fine but he did not take risk to
that’s fine but he did not take risk to
that’s fine but he did not take risk to get there he was comfortable with
get there he was comfortable with
get there he was comfortable with uncertainty so entrepreneurs are great
uncertainty so entrepreneurs are great
uncertainty so entrepreneurs are great at dealing with uncertainty and also
at dealing with uncertainty and also
at dealing with uncertainty and also very good at minimizing risk that’s the
very good at minimizing risk that’s the
very good at minimizing risk that’s the classic great entrepreneur so what do
classic great entrepreneur so what do
classic great entrepreneur so what do you think I think that it’s interesting
you think I think that it’s interesting
you think I think that it’s interesting the way he defines minimize risk he
the way he defines minimize risk he
the way he defines minimize risk he defines as they it was a low risk high
defines as they it was a low risk high
defines as they it was a low risk high return kind of thing I think the way
return kind of thing I think the way
return kind of thing I think the way that I see risk personally is of any
that I see risk personally is of any
that I see risk personally is of any kind of uncertainty is
kind of uncertainty is
kind of uncertainty is specially when all the people around you
specially when all the people around you
specially when all the people around you think it’s not a good idea so I think
think it’s not a good idea so I think
think it’s not a good idea so I think that as entrepreneur is someone who
that as entrepreneur is someone who
that as entrepreneur is someone who wants to go out there open a restaurant
wants to go out there open a restaurant
wants to go out there open a restaurant start a clothing line even if you have
start a clothing line even if you have
start a clothing line even if you have all the investment the risk is you’re
all the investment the risk is you’re
all the investment the risk is you’re taking a chance you can be you know
taking a chance you can be you know
taking a chance you can be you know usually you’re going out of your comfort
usually you’re going out of your comfort
usually you’re going out of your comfort zone sometimes you’re going out of your
zone sometimes you’re going out of your
zone sometimes you’re going out of your profession profession leaving your
profession profession leaving your
profession profession leaving your full-time job to risk something even if
full-time job to risk something even if
full-time job to risk something even if you have the capital that financially
you have the capital that financially
you have the capital that financially you will be secure for the next little
you will be secure for the next little
you will be secure for the next little while the risk is that out of the
while the risk is that out of the
while the risk is that out of the comfort zone and trying something new
comfort zone and trying something new
comfort zone and trying something new for me I preach this a lot on the
for me I preach this a lot on the
for me I preach this a lot on the channel I don’t believe you should
channel I don’t believe you should
channel I don’t believe you should invest your money into the stuff I don’t
invest your money into the stuff I don’t
invest your money into the stuff I don’t want to see invest your hustle your
want to see invest your hustle your
want to see invest your hustle your energy you know I hate I hate so much
energy you know I hate I hate so much
energy you know I hate I hate so much seen entrepreneurs mortgage their house
seen entrepreneurs mortgage their house
seen entrepreneurs mortgage their house cash in their retirement savings to go
cash in their retirement savings to go
cash in their retirement savings to go all in on this business idea that they
all in on this business idea that they
all in on this business idea that they have because I’m going to sell alligator
have because I’m going to sell alligator
have because I’m going to sell alligator t-shirts and they’re going to be amazing
t-shirts and they’re going to be amazing
t-shirts and they’re going to be amazing right and then and then it doesn’t work
right and then and then it doesn’t work
right and then and then it doesn’t work right that sucks right and so I would
right that sucks right and so I would
right that sucks right and so I would say that to minimize your risk you’re
say that to minimize your risk you’re
say that to minimize your risk you’re not putting your dollars in but you’re
not putting your dollars in but you’re
not putting your dollars in but you’re investing your time your energy your
investing your time your energy your
investing your time your energy your hustle to try to make something work
hustle to try to make something work
hustle to try to make something work right like you it may take you a little
right like you it may take you a little
right like you it may take you a little bit longer to get to where you go but
bit longer to get to where you go but
bit longer to get to where you go but your chance of success go up
your chance of success go up
your chance of success go up dramatically because you only get one
dramatically because you only get one
dramatically because you only get one shot if you’re going to cash in your
shot if you’re going to cash in your
shot if you’re going to cash in your life savings and you can never be sure
life savings and you can never be sure
life savings and you can never be sure that this is going to be the one to go
that this is going to be the one to go
that this is going to be the one to go to the other way that I talked about it
to the other way that I talked about it
to the other way that I talked about it too is I don’t think you should quit
too is I don’t think you should quit
too is I don’t think you should quit your job and go full time on your
your job and go full time on your
your job and go full time on your business I’m a big believer in certain
business I’m a big believer in certain
business I’m a big believer in certain the business part time started on the
the business part time started on the
the business part time started on the side ideally you have a job where you’re
side ideally you have a job where you’re
side ideally you have a job where you’re learning and getting paid to make
learning and getting paid to make
learning and getting paid to make mistakes you’re getting mentored go work
mistakes you’re getting mentored go work
mistakes you’re getting mentored go work for a company where you feel like you’re
for a company where you feel like you’re
for a company where you feel like you’re going to learn not just for a paycheck
going to learn not just for a paycheck
going to learn not just for a paycheck but you’re you’re developing and growing
but you’re you’re developing and growing
but you’re you’re developing and growing yourself and then start your business on
yourself and then start your business on
yourself and then start your business on the side and when your side business is
the side and when your side business is
the side and when your side business is making enough moneys for you to survive
making enough moneys for you to survive
making enough moneys for you to survive not not like go buy Lamborghinis but
not not like go buy Lamborghinis but
not not like go buy Lamborghinis but survived like I compared the internet
survived like I compared the internet
survived like I compared the internet and I can pay my food bills right and I
and I can pay my food bills right and I
and I can pay my food bills right and I can you know Alex in by his protein
can you know Alex in by his protein
can you know Alex in by his protein shakes and right survive then you can
shakes and right survive then you can
shakes and right survive then you can quit your job and go all in on your
quit your job and go all in on your
quit your job and go all in on your business because too many people quit
business because too many people quit
business because too many people quit their job too soon and then three months
their job too soon and then three months
their job too soon and then three months later they realize I’m out of money I
later they realize I’m out of money I
later they realize I’m out of money I got to go back and get a job and so I
got to go back and get a job and so I
got to go back and get a job and so I think for me what I take from it is the
think for me what I take from it is the
think for me what I take from it is the financial ristic I will invest insane
financial ristic I will invest insane
financial ristic I will invest insane amounts of love and energy in the up
amounts of love and energy in the up
amounts of love and energy in the up till
till
till four in the morning working on something
four in the morning working on something
four in the morning working on something trying to get some project off the
trying to get some project off the
trying to get some project off the ground it may never ever get there but
ground it may never ever get there but
ground it may never ever get there but I’m not investing my dollars into
I’m not investing my dollars into
I’m not investing my dollars into anything until I’ve shown that I can
anything until I’ve shown that I can
anything until I’ve shown that I can earn so I proved yourself you can make
earn so I proved yourself you can make
earn so I proved yourself you can make money before you start spending it so
money before you start spending it so
money before you start spending it so the question today today is how do you
the question today today is how do you
the question today today is how do you define risk interesting leaving the
define risk interesting leaving the
define risk interesting leaving the comments below will join the discussion
comments below will join the discussion
comments below will join the discussion thank you so much for watching have an
thank you so much for watching have an
thank you so much for watching have an amazing day continue to believe and
amazing day continue to believe and
amazing day continue to believe and we’ll see you again tomorrow morning for
we’ll see you again tomorrow morning for
we’ll see you again tomorrow morning for another shot of espresso okay
”
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