groups / business building / tips & strategies / Risk Or No Risk / Small Mind Small Profits the Discussion

Small Mind Small Profits the Discussion
Created on July 11th, 2010

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DaveGilbert
joined Jul 2010
popularity 23
followers 157
posts 11

Jul 11th 2010 at 1:51 AM
I have created an article "Small Minds Small Profits" http://www.imfaceplate.com/DaveGilbert/small-minds-small-profits and now throw the door open to have an open discussion on it's content.

What constitutes a Risk ?

When is a Risk just too Risky to take ?



Chuck Bartok
(ChuckBartok)
joined Jul 2010
popularity 25
followers 197
posts 61

Jul 27th 2010 at 8:47 AM
Your article is so well presented.
Risk is a foundation of the business Mindset...
But Calculated risk is what successful entrepreneurs use to move forward.
Time invested in research, discussions with Mastermind and observation of Trends can better assure the RISK being minimal.

My favorite speech, regarding Business Mindset, includes the phrase:
A non business mindset asks "How Much does it cost?"
The business mindset subconscious ASKS "What is my Return and How soon?"


Harry Foresman Sr
(harryf)
joined Jul 2010
popularity 2
followers 2
posts 2

Aug 6th 2010 at 19:32 PM
there is no business that dosen't have some risk
even life itself has risk involved with it

but nothing ventured, then nothing gained
main thing is to do proper research on all thing's

you must look before you leap.


abenetis
joined Jul 2010
popularity 8
followers 7
posts 3

Aug 24th 2010 at 2:53 AM
The "Small Mind Syndrome" which Dave describes in his article, is something often seen, when a business is getting in to trouble and the owner is not seeing a way out of the situation.

Usually they get into such situations by taking uncalculated Risks. This means, they just jump on a train without asking 3 Questions:
1. What will I have to invest?
2. What will be the return?
3. When will it bring the return?

In business I always have to ask the question about the investment or cost I have to take. An Investment could be time or money. No matter what you invest, it has to bring a return.
If the answer to question 1 is higher than the answer to question 2, the risk of failure will be very, very high and you don't need to ask question 3.


Daniel W
(dansmarketingsite)
joined Mar 2011
location CA
popularity 15
followers 25
posts 14

Mar 25th 2011 at 9:17 AM
We all want to be something more than we are. It's what keeps us getting up in the morning. If we are successful in our line of work we want to build on it, and if we are not, we will want to be.

Perhaps it's not in the dreaming, though, but the thinking. It is really what is within our minds and the way we think which holds us back.

If you actually want to be a millionaire then one way of making it a reality is to really think about it. This doesn't mean sitting there dreaming about being rich - it means creating a solid visualization in your mind, so solid that it drives you on to achieving success.


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