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Start with Calculated, Low-Risk Ventures

0:45
7:35
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At 0:45 in

Is Success Just Dumb Ass luck?

What happens here

The speaker explains 'calculated risk,' advising against immediately attempting high-risk, high-reward ventures like creating the next Facebook or Tesla. Instead, he advocates for starting with low-risk, low-reward business opportunities such as landscaping, lawn maintenance, mechanics, or bakeries. The goal is to invest minimally and allow the business to pay for itself, reinvesting earnings, to gain essential 'ground level' experience in building a business.

Goal: Acquire fundamental business experience through low-risk ventures.

What they say

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is a huge thing to understand where a lot of people fail is right out of the gate they want to create the next next Facebook right out of the gate they want to be the next Elon Musk and own Tesla Motors highrisk high risk leads to high reward but on the flip side of that low risk leads to low reward but low reward is still a reward it's better than no reward and so what I'm going to tell you right now is to go for the lowrisk low reward business ventures even there the word risk still exists is it maybe it isn't the ideal job that you dreamed of but it's something within your skill set Landscaping lawn maintenance becoming a mechanic opening a bakery there's a lot of different types of opportunities that exist it's not going to take a lot of overhead I don't want you to put I don't want you to invest a lot into these low risk Ventures I want you to go in at ground level because the experience of building a business from ground level is something you need you absolutely need when you when you eventually die dominate that market that experience is going to help you enter into highrisk high reward businesses down the road we're having a we're going to have a 5year and a 10-year plan when we talk about how to become successful even in those lowrisk Ventures there is still a level of sheer dumbass luck that must exist it's either with you or it's against you and let's just say you enter into a lowrisk venture and it fails try again just keep trying

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