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Two Types of Business Risk | Ep 668
The Game w/ Alex Hormozi
Strategic Entrepreneurial Perspective
Success in entrepreneurial endeavors involves viewing each dollar of your entrepreneurial career as a year of life, with building something epic requiring at least 10 years. While testing an idea, dedicating five years as a mid ground is more realistic than 15 years due to the time it takes to discover failure. Understanding the odds of success, with a one out of 10 shot at a 100 times payout, alters the perspective on risk-taking. Losses and lack of immediate financial success after 15 years can impact one's self-esteem, skills, and reputation in the entrepreneurial world.
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