As in sports, to win in the business world and surpass the competition, it is essential to venture out of the comfort zone and assume risks.

To be able to assimilate this concept, it is indispensable to understand that the cost of failure is never as expensive as we estimate beforehand. Much of the fear to take risks comes from overvaluing the potential damages. Ask anyone what they repent of in life, and they are most likely to regret not doing some things, instead of regretting the things they did.

Despite the fact that in some professions it is advantageous to play it safe, such as in financial services and health, to improve our creative development we have to focus on that final 30% and be willing to assume risks. Our inhibitions evolve to protect us, but in most cases they become limitations. The challenge resides in equilibrating our own nature. At the end of the day, winners are capable of dealing with the pain and inconvenience of failure, a required toll for those who compete at the highest levels.

Source: the99percent.com

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Entrepreneurs with Pirate Soul

November 2010

True entrepreneurs are like the pirates of the seventeenth century, for whom the possibility of making a fortune was the excuse for adventure.

The risks of the sea pirates were very high. The chances of drowning, hanging or pierced by a sword, were much higher than those of becoming rich. There is no doubt that living with 100 other pirates in a small boat should not be very comfortable, even for the captain.