Tag: bet on yourself

How to win more by loading your dice before you roll them.

The most successful people I know have taken significant chances. The universe is willing to pay out great rewards. But it requires you to put something on the line to prove you deserve it.

I first learned this lesson from a piece of cross-stitch art in my childhood home that said The turtle only makes progress when it sticks its neck out. You can learn a lot from cross-stitch philosophy.

The great barrier to success is your willingness to take a risk. Most people simply aren’t willing to risk enough to earn a great reward. They play it too safe. But the safe harbor you think you are anchored in is not nearly as safe as you think. (And there is very little safety in safes as Geraldo Rivera showed us.)

The relative lack of safety everywhere means that you should risk it for the biscuit. Always bet on yourself. But it is easy to lower the risk in your risky endeavors. In fact, there is a maxim I adhere to every time I take my chances:

Load your dice before you roll them.

Whenever you take a chance, like ABBA, take as much chance out of the situation as possible. You can do this by taking on opportunities where you have the greatest chance of winning.

Remember, not all playing fields are even. Choose to play on fields that are tilted in your favor. And tilt every board you compete on in your direction by knowing and playing to your strengths.

Take on battles where you have advantages. Lean on your relationships. People advantages are often the greatest advantages of all. Choose opportunities where your proximity is a strength. Compete where your category knowledge is high. It’s what Alex Trebek would do.

Count the cards. Know the decision makers. Do your homework. Study patterns. Start a business in a space where you have great expertise. Then do what hedge funds do and create situations where you win no matter what happens.

Key Takeaway

Take the chance out of the chances you take. Know your strengths. Play to them. You will significantly increase your likelihood of success. Which will ensure that you win more than your fair share of victories.

*If you know someone who could benefit from this message, please share it with them.

+For more of the best life lessons I have learned check out my book, What Does Your Fortune Cookie Say? from Ripples Media.

If you want to be an entrepreneur the great limiter is you.

I thought about becoming an entrepreneur for a long time before I summoned my inner David Lee Roth and actually jumped. In fact, I thought about starting a business for nearly 2 decades before I launched the advertising and idea agency The Weaponry. Which means that, unlike Geddy Lee, I didn’t rush into anything.

Once I had my entrepreneurial awakening in the summer of 2015 I began generating income within just a few months. I officially legalized The Weaponry as an LLC (yeah, you know me) in the spring of 2016. And while I have physically looked back since then, I have had no regrets.

Over the past 7 years, I have learned a lifetime’s worth of lessons about entrepreneurship. (Starting with how to spell the word itself.) But the most important thing to know about entrepreneurship is this:

The entrepreneur is the great limiter of the business.

10 Ways Entrepreneurs Limit Their Business

  1. You will be limited by your energy and ability to work hard.

2. You will be limited by your network and willingness to reach out and connect.

3. You will be limited by your ability to recruit and hire. (Think about it. There must be hire love.)

4. You will be limited by your willingness to create standardized processes.

5. You will be limited by your ability to give up control to others.

6. You will be limited by the size and scope of your vision.

7. You will be limited by your ability to control your greed and keep your hands off the cash flow, Gordon Gekko.

8. You will be limited by your ability to grow sales to scale your operation into a more effective and efficient machine.

9. You will be limited by your creativity and willingness to innovate

10. You will be limited by your risk tolerance. If you are not willing to walk the tightrope to the promised land you will never get there.

Perhaps most importantly, there is no one else to blame if you don’t become an entrepreneur at all. And if you are an entrepreneur, there is no one else that will prevent you from growing your business’s annual revenue to $100,0000, $1,000,000, $100,000,000, or $1,000,000,000 per year. That’s on you.

As the entrepreneur, you are both the gas pedal and the brake. Most people are afraid to take their foot off the brake, and as a result, never get going. Which means they never see where their journey could have taken them. Don’t let that be you.

Key Takeaway

Find your entrepreneurial gas pedal. Get going. Keep going. Then go faster. It will be your willingness to go, grow, create, and accelerate that will determine how far your journey takes you. We all have a limited amount of time. So go while you can. Realize that you are the determining factor. So be determined to be more.

*If you know someone who could benefit from this message, please share it with them.

+For more of the best life lessons I have learned check out my new book, What Does Your Fortune Cookie Say? from Ripples Media.

Make bigger bets on yourself.

Investing is like betting with really good odds. The best investments happen when you know something the rest of the world doesn’t. Just ask Martha Stewart.

But the best odds of all come when you invest in yourself. Because when you invest in yourself, the odds are stacked in your favor. And you do all the stacking. Because you have complete control over yourself. Like Janet Jackson.

The Decider

You decide how much work you put in. You decide not to quit, give up, or cut corners. You force yourself to make things turn out right. You put yourself first. You decide not to embezzle from yourself. You also decide not to bedazzle yourself.

The Safe Bet

Betting on yourself is always the safe choice. Because you have control over the outcome. Better yet, you know the outcome you are looking for. (And the income you are looking for too.)

You are your own best resource. You are your own most reliable asset. Put all your eggs in your own basket. And then protects the basket as if it is your only job in life. Because it is.

More Biggie. Less Smalls.

Too often our bets on ourselves are too small. So think bigger. Go bigger. Because there is no better bet. Plus, the bigger the bet you make on yourself the more pressure you put on yourself to grow.

Spend more time investing in your education and self-improvement. Invest in a coach. And in resources that you can utilize to achieve more. Read. Network. Learn. Listen. You will discover how much more you are capable of if only you pushed yourself to do what you are capable of doing.

Key Takeaway

The safest bet you will ever make is on yourself. You control the odds, the effort and the outcome. It is a completely legal form of insider trading. So bet big on yourself. Push yourself. Tip the odds in your favor. And other people will line up to bet on you too.

*If you know someone who could benefit from this message, please share it with them.