Monday, April 6, 2015

Calculation Before Risk

    This couple was riding high when they posed. They had opened a restaurant in Boston. The location was trendy. Their reviews were good.
    And their rent payments were high. A few years later they closed their doors.
    When people assume risks, how can they improve their odds?
    The answer is calculation. Small and careful steps are taken as opposed to going all out. That advice comes from Leonard Green. He’s an expert in the field of entrepreneurialism.
    The couple in the photo opened another restaurant. The location was in a city where rents were cheaper. They better calculated their prospects. Now they’re succeeding.
    Mr. Green says, ‘The difference between risk takers and calculated risk takers is the difference between failure and success.’

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