Understand the Role of Luck and Learn from Failure

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 don't give up those are the venues that won't kill you if they fail if you invest $100,000 into a high-risk Venture that has a potential High reward there is a greater likelihood that that business will ultimately fail you've got to understand for every person that has created a Facebook and and succeeded there's 10,000 if not more maybe a 100,000 people that have tried to get into a high-risk venture like creating the next Facebook and absolutely failed but for every Landscaping Company every garage mechanic there's probably one that failed it's a one: one ratio not a 1 to 10,000 ratio of success and it's all based on experience because when you get into that low-risk Venture it requires the same experience to run a low-risk business as it does a high-risk business all the basic principles are there you get your feet wet and then you build that business that low-level business you make it more profitable more profitable and more profitable and pretty soon you have a decent amount of income beneath you that will allow you to experiment and try to go into higher risk Ventures it gives you the working capital behind you as well as the basic experience necessary to run a business that's going to allow you to try new things and there's a sheer sheer level of dumbass luck involved in any of this so what I want you to do is I want you to put a plan together on your first