Posts Tagged ‘prudent risk’

Overcoming Failure

Tuesday, January 29th, 2019

How often do you hear, particularly in small businesses, when after taking a moderate risk that entails putting faith in others, and doesn’t pan out as predicted, frustrated responses such as “we cannot go on with this, we are worse off than we were yesterday.” The point of being in business is to continue taking prudent risk, not cease. We should be asking ourselves after a disappointing result, “what have we learned, and with that knowledge, is there a simpler alternative that gets us faster to our goal within our risk tolerance?”