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#AskLamar | Do I Regret Any Business Decisions?

#AskLamar | Do I Regret Any Business Decisions?

FromThe Traffic Sales and Profit Show


#AskLamar | Do I Regret Any Business Decisions?

FromThe Traffic Sales and Profit Show

ratings:
Length:
6 minutes
Released:
Nov 7, 2022
Format:
Podcast episode

Description

If you have a big enough vision for your business, you can’t eradicate risk. In fact, taking risks and trying new strategies will ultimately help you realize your goals faster. Today, Lamar teaches you how to find balance between calculated risks and intuition. As the business owner you will need to envision the big picture and because every business faces unique challenges and has unique goals. There is no way to know exactly what the correct path is without taking that first step and potentially failing. Every success is born from several failures, because failure is the quickest way to see what will work for your business. So, if you want to learn how to take calculated risks and become confident in your decision making, listen up.



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KEY TAKEAWAYS
 
[00:00:00] Balancing emotion and logic in your decision making
[00:00:45] Creating a strategic plan to manifest your vision
[00:01:20] If what your vision is big enough there will be risk involved
[00:01:40] Taking calculated risks
[00:02:00] Strategy is the key to mitigating risks
[00:02:25] Time and money are usually the cost of risks in business
[00:02:40] Understanding what the end goal is
[00:03:15] Every “bad” decision is a learning lesson
[00:03:50] Learning from mistakes is the only way to avoid repeating them in the future
[00:04:30] Once you analyze you optimize
[00:04:45] If you try more, you win more
[00:05:05] Always continue moving forward
Released:
Nov 7, 2022
Format:
Podcast episode

Titles in the series (100)

Traffic Sales and Profit aka TSP Is The Premier Community for Purpose-Driven African-American Entrepreneurs. Our goal is to change the economic landscape of the Black community while closing the wealth gap through entrepreneurship.