I believe you are dead right on the importance of risk. I, however, disagree with your statements on laying in bed and/or scrolling twitter. That may work in your chosen field, but it wouldn’t be advisable in most businesses. I and most of the successful people I know set higher standards for ourselves than our employees. We are driven more by success and the desire to be the best rather than money. Although the money is enjoyable.
My youngest daughter took an entrepreneur class in college. I told her it would be a waste of time, but to go ahead. A month or so later she called and said her class was discussing what the most important attribute for a successful entrepreneur is. I asked what they had determined. She relayed that their top discussions revolved around talent, intelligence and work ethic. I informed her that she and her class were wrong. While all of those were helpful the world is full of cube workers that are extremely smart, talented and have a great work ethic. The problem is they won’t stick their necks out and therefore will never lead or start a company, but that’s good because the world needs good cube workers. I then informed her that the first thing you need to be successful is an acceptance of risk. Then what you need to stay successful is the knowledge that you’re a gambler and good gamblers know and stack the odds.
I agree with everything except your take on single-payer healthcare. Everyone I know on Medicare tells me how much better it is than the insurance they had at work. Also, every other country in the world has universal health care. There are models that work quite well, including Medicare in the US. And it would unleash so much risk-taking.
I second this. And there are either out of pocket or additional insurance payments for Medicare, acting as mild dis-incentives for usage. Un-tying employees to health care could release more people to branch out and take risks. But you don't see it in Europe.
I believe you are dead right on the importance of risk. I, however, disagree with your statements on laying in bed and/or scrolling twitter. That may work in your chosen field, but it wouldn’t be advisable in most businesses. I and most of the successful people I know set higher standards for ourselves than our employees. We are driven more by success and the desire to be the best rather than money. Although the money is enjoyable.
My youngest daughter took an entrepreneur class in college. I told her it would be a waste of time, but to go ahead. A month or so later she called and said her class was discussing what the most important attribute for a successful entrepreneur is. I asked what they had determined. She relayed that their top discussions revolved around talent, intelligence and work ethic. I informed her that she and her class were wrong. While all of those were helpful the world is full of cube workers that are extremely smart, talented and have a great work ethic. The problem is they won’t stick their necks out and therefore will never lead or start a company, but that’s good because the world needs good cube workers. I then informed her that the first thing you need to be successful is an acceptance of risk. Then what you need to stay successful is the knowledge that you’re a gambler and good gamblers know and stack the odds.
Great post Jared.
I work with Payroll teams in big corporations. Ultimate all downside / no upside role. No thank you’s, no bonuses, but if you get it wrong just once….
Great note Homie. May the Risk Takers Inherit the Earth.
“People who don’t take risk work for people who do.” That quote nails it. Thanks
I agree with everything except your take on single-payer healthcare. Everyone I know on Medicare tells me how much better it is than the insurance they had at work. Also, every other country in the world has universal health care. There are models that work quite well, including Medicare in the US. And it would unleash so much risk-taking.
I second this. And there are either out of pocket or additional insurance payments for Medicare, acting as mild dis-incentives for usage. Un-tying employees to health care could release more people to branch out and take risks. But you don't see it in Europe.
Because they don't have the same risk culture there.
That's it. I'm doing it.
White print on a black page isn't the way to go.
F9 in firefox