I wrote on Linked-In recently that one of the best skills you can attain as a businessperson is calculating risk/reward. If you can do this properly then you will find great opportunities worth rolling the dice where others will see massive intolerable risk.
Are you taking (the right) risks?
“It’s impossible to have a coin with only one side. You can’t have heads without tails.
Innovation is like that. Initiative is like that. Art is like that.
You can’t have success unless you’re prepared to have failure.
As soon as you say, ‘failure is not an option,’ you’ve just said, ‘innovation is not an option.'”
–“The Flip Side” – Seth Godin’s blog – April 28th, 2011