Fortune Cookie Friday Small Biz Wisdom: Do You Dare?

What a fine specimen for this Fortune Cookie Friday’s nugget of takeout wisdom.Fortune Cookie Friday: Dare

 

 Fortune sides with him who dares.”

 

As solopreneurs and small business owners, we constantly meet opportunity. And with it, we face uncertainty and risk.

 

Going into business for yourself in and of itself stands as the perfect example of how opportunity, uncertainty, and risk are intertwined. To reap the rewards of opportunities, you sometimes need to put yourself out there and expose yourself to the possibility of not succeeding.

 

It’s scary. But, “Fortune sides with him who dares.”

 

To start and grow a business, you must dare to take some chances. If you don’t, you’ll find yourself at a severe disadvantage.

 

By “dare,” I mean you have to exit your comfort zone more than you care to.

 

Otherwise, you likely won’t:

 

  • Find as many potential clients.
  • Discover new ways to expand your offerings.
  • Learn crucial new business technology tools.
  • Significantly hone your skills and knowledge.

 

Don’t dare and you will get left behind and lost in the shuffle.

 

Do you dare…

 

  • Go to a networking function where you’ll know no one?
  • Talk with a competitor to see if you might form a collaborative partnership to serve more clients?
  • Invest dollars in a social media management tool?
  • Fly across the country to attend training?

 

True, there’s always the risk things won’t work out as well as you hope they will. But fortune favors those who dare with new perspectives—and new opportunities.

 

What have you dared to do lately to better your business? Dare to share it here!

 

By Dawn Mentzer (a.k.a. The Insatiable Solopreneur™)

“Take a Chance” – Fortune Cookie Friday Business Advice

Not less frequently than every other Friday, I drive to one of our local Asian cuisine eateries, order some takeout, and Fortune cookieget my hands on a fortune cookie. My reason? To translate the bit of wisdom inside into some sound business advice for solopreneurs and small business owners.

This week’s fortune:

“You will take a chance in the near future.”

You’ll notice it’s more of a prediction rather than guidance, but I can’t think of anything that’s more fitting to entrepreneurship. Taking chances can’t be avoided when starting and managing a business of any size.

As an entrepreneur, you plan, you project, but you can never really know that your business idea will succeed until you’ve actually taken the leap, launched it, and are living it.

DiceI don’t advocate taking unnecessary risks if your due diligence turns up all sorts of red flags that wave signs of probable failure, but no business start-up is a “sure thing” no matter how good it looks on paper. There are factors – both within and outside of your control – that can make it or break it.

To increase your likelihood of making it, embrace the element of chance that comes with being a business owner. Recognize what could go right – and what could go wrong; then think through how you’d handle each scenario should it become reality. Above all, don’t let a fear of taking chances isolate you from acting on opportunities.

Remember, you’ve always got those lucky numbers on the flip side of your fortune to tip the scales in your favor!

Your turn! What are some of the biggest chances you’ve taken as an entrepreneur?


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