Chapter
Understanding Different Types of Risks in Business and Life
08:44 - 15:27 (06:43)
This podcast episode explains the different types of risks - market, executional, and technical. It also highlights that risk is not just about the fear of failure, but also about the mediocrity that comes from staying in your comfort zone.
Clips
Just like with any risky activity, it is important to take measures to mitigate risk in cryptocurrency investing, such as only investing a small percentage of your net worth.
08:44 - 09:49 (01:05)
Summary
Just like with any risky activity, it is important to take measures to mitigate risk in cryptocurrency investing, such as only investing a small percentage of your net worth.
ChapterUnderstanding Different Types of Risks in Business and Life
EpisodeFramework Friday: The Secret to Being Lucky
PodcastMy First Million
The risk of failure is not the only one people face when starting a business or taking a job, mediocrity is another risk that most people do not recognize, and it can be even riskier than failure.
09:49 - 12:19 (02:29)
Summary
The risk of failure is not the only one people face when starting a business or taking a job, mediocrity is another risk that most people do not recognize, and it can be even riskier than failure.
ChapterUnderstanding Different Types of Risks in Business and Life
EpisodeFramework Friday: The Secret to Being Lucky
PodcastMy First Million
This episode covers three risks of playing it safe, such as putting your dream at risk, your future success at risk, and trusting the wrong person or thing without knowing its actual risks.
12:19 - 13:24 (01:04)
Summary
This episode covers three risks of playing it safe, such as putting your dream at risk, your future success at risk, and trusting the wrong person or thing without knowing its actual risks.
ChapterUnderstanding Different Types of Risks in Business and Life
EpisodeFramework Friday: The Secret to Being Lucky
PodcastMy First Million
The discussion revolves around the different types of risks that come with building a social app: market risk where people may not want the product, executional risk where you must improve the business, and technical risk with the app itself.
13:24 - 15:27 (02:03)
Summary
The discussion revolves around the different types of risks that come with building a social app: market risk where people may not want the product, executional risk where you must improve the business, and technical risk with the app itself.