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Disruptors

The Myth (& the Glory) of Risking it ALL [Business, mindset, entrepreneur, disruptors]

Disruptors

Rob Moore

Careers, How To, Business, Self-improvement, Society & Culture, Marketing, Investing, Education, Entrepreneurship

4.81.4K Ratings

🗓️ 2 September 2018

⏱️ 26 minutes

🧾️ Download transcript

Summary

From your sappy romcom to your gore first-person shooter video game, there is a noticeable glorification of risk-taking in the media. But that is NOT the case when you want to be a successful entrepreneur. In this episode of The Disruptors Podcast, Rob talks about being a smart entrepreneur by staying away from big risk-taking decisions. Statistically, there are a little number of successful entrepreneurs who really took the biggest risk that turned their lives around. Listen as Rob discusses why it should it be balanced, its pros and cons, and the tips on taking progressive incrementally-increased risk to become successful in a realistic amount of time! KEY TAKEAWAYS You don’t need to risk everything. Risk is a balance. If you have nothing to lose – finances are in a bad state – then it’s acceptable that you risk getting out of that state. But if you’ve got savings, investments, mortgages, etc., then be smart about taking a risk. Tips on progressive incrementally-increased risk to become successful in a realistic amount of time: You can make progressively-increased risk decisions. Marginally get out of your comfort zone. If you push yourself too far out of the comfort zone, then you could risk making bad decisions. When you invest, invest a small money that you can afford to lose. If it goes well, scale it up incrementally. If it doesn’t, learn and grow from there. Be careful at looking at others glorified stories. You look at your mentors, idolized them, and say to yourself, ‘I wanna do that, I’m going to that.’ Not yet! Look at the whole journey they took to get where they are – which may have taken them years and years. When you are financially unstable, you will make emotionally unstable decisions. You’ll want to save something for you. Don’t take big risk-taking decisions. Don’t be impatient. Like a diamond, a compressed carbon over a hundred thousand years, it takes time to be well-formed. Along the way, you get to build your skills, credibility, and experience. It’s okay not to want a massive empire. It doesn’t have to be a big corporation to be a huge success. It’s okay to want freedom, to shoo away from fame, to prioritize family, etc. Beware of very one-sided soundbites like ‘Go big or go home’, ‘Go all out’, etc. BEST MOMENTS "You have to be careful because sometimes the story, the excitement of risking everything - this glory that we perhaps see can make us make a bad investment or strategic decisions." "Sometimes, you're modelling people that are way ahead of you and you're missing the 10, 15-year journey they took. It's bad to look at people way ahead of you." "It's okay to say no to some things. It's okay to reduce the risk, to not put yourself under a lot of pressure, and to do the things that are right for you." "Get comfortably uncomfortable, not uncomfortably comfortable.” [Business, mindset, entrepreneur, disruptors] VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   https://robmoore.com/podbooks  rob.team ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors” “If you don't risk anything, you risk everything” CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

Transcript

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0:00.0

Welcome to the Disruptive Entrepreneur Podcast.

0:05.0

What does the word disruptive mean to you?

0:07.0

It means going beyond the ordinary, I'm beyond the status quo.

0:10.0

Not thinking in the conventional way, not just sort of following the herd

0:13.7

Disruptive means taking things up, you know?

0:16.4

Disruptive entrepreneur is somebody who sees the problem and embraces the problem with a new way.

0:22.0

Shake up an awakening.

0:23.0

Quality will take care of itself

0:25.0

and you'll go from being disruptive but also profitable.

0:27.0

When you use your reservoir of talent,

0:29.0

when you love what you do, then you disrupt.

0:32.0

Mix it up, change it up and dominate and now your

0:35.0

host eight times best-selling author and double world record holder

0:39.5

Rob Moore. Hi it it's Rob. The myth, the danger of risking it all.

0:48.0

Now, risk is something that's a balance and I think there's a lot of glorification of risk. Media, movies, stories,

0:57.2

self-made successes etc where it's like you've got to risk everything. You've got to go all in, go big or go home.

1:07.0

And I think that is not the true full story of being successful in business or being an entrepreneur and I actually think it could be very dangerous advice.

1:17.0

So if you think of people like James Dyson or Elon Musk, if you study their stories their journey to success then yeah I think

1:27.2

Dyson got himself nearly 20 million pounds in personal debt

1:30.2

Elon Musk sold so PayPal and then burned all of the profits of that and got himself

1:37.4

into a bit of financial difficulty before he went big with say Tesla and SpaceX etc and because these are the big glory

1:46.0

stories that we see that are inspiring of course they're inspiring I mean it's more

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