Is The Risk Worth It...
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A few weeks back I followed my friends to a casino being my first time there I wasn't sure what to expect.
After a few drinks and getting merry we decided to go over to the roulette table, my friend being extremely merry took a few chips from her boyfriend and gave them to me (a recipe for disaster but that's another story). After watching my friends play a few games on the numbers I decided to try my luck, long story short I had no luck, my friend's boyfriend playing with the one pound chips managed to win a few extra chips but ultimately he lost them. After a few games an extremely jolly guy came over and decided to put 200 on black, with a crowd of us cheering him on, he walked away with £10k (the hotel staff escorted him away, that was one loss too many for them).
Now reading this I know some are wondering how this relates to business? Simply because like in business there are extreme risks but our job is to find the risks where the odds are in our favour. Like on the numbers table the chance of winning is 1 in 10 and for that game as the chips start from £1, though you might win games, it's hardly life changing amounts, but for games where you either bet on red, black or green your chances increase to 1 in 3 - the more you're willing to spend is the greater reward you'll see.
But like in business many will spend only small amounts, not realising that the money still adds up, and the odds are against them. I've seen many a man who'd spent a few pounds on slot machines to only realise hours later that they're £600 down with all their money spent!
When finding income streams for your business take cautious steps, but when you see an opportunity where the odds are in your favour push full steam ahead, as these are your £10k moments.
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