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Masters of Scale

5 ways to build your tolerance for risk

Masters of Scale

WaitWhat

Startups, Business, Mindset, Management, Bob Safian, Entrepreneurship, Diversity & Inclusion, Reid Hoffman, Jeff Berman

4.6 • 4.4K Ratings

🗓️ 4 October 2022

⏱️ 53 minutes

🧾️ Download transcript

Summary

Taking risks can be the catalyst for immense scale or dire straits. Avoiding taking any risks at all leads to stagnancy and empowered competitors. The key is to know which risks are worth taking, and when and how to take them. This episode highlights the best conversations we’ve had recently about taking advantage of risk and how fortune favors the brave. 

Featuring New Georgia Project’s Stacey Abrams, Care.com’s Sheila Lirio Marcelo, Bankable Productions & SMiZE Cream’s Tyra Banks, MetricStream’s Shellye Archambeau, Moderna’s StĂ©phane Bancel, Digital Undivided’s Kathryn Finney, Ellevest’s Sallie Krawcheck, and American Express’s Ken Chenault. 

Read a transcript of this episode: https://mastersofscale.com

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Transcript

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0:00.0

Hey listeners, this is Chris Gotier, I'm one of the producers of Masters of Scale.

0:04.8

I want to tell you about a show from our friends at Harvard Business Review that might help

0:08.5

you better understand the world of business.

0:11.2

It's called HBR IdeaCast.

0:14.2

Each week, Harvard Business Review editors bring you the world's leading business and management

0:18.5

experts.

0:19.5

But it isn't just another business podcast.

0:21.9

We think you will find so many connections from IdeaCast to how we hear at Masters of

0:26.6

Scale think about scaling our business.

0:29.8

For instance, they often approach business challenges from contrarian points of view,

0:33.8

telling surprising stories like, what can we learn from NASA about managing high risk

0:38.9

projects?

0:40.4

And what can a comedian teach us about using humor to lead a team?

0:45.0

Subscribe to HBR IdeaCast on Apple Podcasts or wherever you get your podcasts.

0:50.2

Now onto the show.

0:52.6

High listeners, it's Reed.

0:54.5

You're about to hear a special episode of Master of Scale called Five Ways to Build

0:58.9

Your Tolerance for Risk.

1:00.5

There are risks at every step of the entrepreneurial journey, and learning how to understand and

1:06.4

time those risks can give you the edge over your competitors.

1:10.4

In fact, your willingness to take smart risks can make the difference between a company

1:14.9

that thrives and one that meets a painful death.

...

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