Masters of Scale 5 ways to build your tolerance for risk
23 snips
Oct 4, 2022 Explore how taking calculated risks is essential for growth and innovation. Entrepreneurs share their journeys, revealing the balance between enthusiasm and caution. Discover strategies for cultivating a risk-positive culture within teams and how personal values shape decision-making. Insights from industry leaders emphasize the importance of embracing risk, especially in challenging times, and show how diverse perspectives can lead to impactful change in both business and society.
AI Snips
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Understand Risk
- Understand risks instead of fearing them.
- Evaluate risk gradients: how much, what type, and how often.
Yes, and But
- Stacey Abrams and Laura Hodgson's 'yes and but' approach helped them navigate risks when founding Nourish, a baby water company.
- Abrams' caution balanced Hodgson's enthusiasm, enabling informed decisions in a new market.
Data-Driven Decisions
- Gather data to understand risk.
- Use cost-effective methods like Sheila Lirio-Marcello's Craigslist analysis for Care.com.