So today I wanted to talk about RISK.
And more specifically, entrepreneurial risk.
If you look up articles on the common traits of an entrepreneur, you’ll find that pretty much all of them agree that a common trait of a true entrepreneur is that they’re risk takers. Part of being an entrepreneur is having a healthy appetite for uncertainty and the ability to realize that even if the results aren’t perfect the first time around, it’s ok to take the chance and see what happens.
But there are different kinds of risks.
There’s the break-neck risk of leaving the security of your 9-5 job and dedicating yourself 100% to your dream project.
On a smaller scale, there’s a risk of failure.
Also, each industry has its own inherent risks.
For a real estate agent, there’s always a risk that your buyer or seller might back out of a deal and you lose your commission.
As for the fix and flipper, there’s always a risk that you’ll find major issues with the home, once you start with your repairs.
As a 9-5 employee, there’s always the risk that you’ll get to the end of your career and not have much to show for it. Maybe you lived a comfortable life all those years, but you weren’t ever able to save for retirement.
In my industry, residential land development, hands down the biggest risk comes in financing the purchase of raw land and constructing a subdivision.
And that’s what gets me so excited about our program, Land Deals Revealed. Our program is based off of a business model that we’ve been practicing for almost 2 decades. And what I love about it is that it allows us to stay in the driver's seat and control our risk level. With our model, we can still make amazing 5 to 7 figure returns, but we’re avoiding the big risk of actually purchasing the land.
So if you’d like to find out more, you can catch our training video at vestright.com/action
The best part of our video? Hey it’s free, so there’s no risk!!Catch you in the next one!
Posted by Cody Bjugan – VESTRIGHT on Tuesday, September 24, 2019
So today I wanted to talk about RISK.
And more specifically, entrepreneurial risk.
If you look up articles on the common traits of an entrepreneur, you’ll find that pretty much all of them agree that a common trait of a true entrepreneur is that they’re risk takers. Part of being an entrepreneur is having a healthy appetite for uncertainty and the ability to realize that even if the results aren’t perfect the first time around, it’s ok to take the chance and see what happens.
But there are different kinds of risks.
There’s the break-neck risk of leaving the security of your 9-5 job and dedicating yourself 100% to your dream project.
On a smaller scale, there’s a risk of failure.
Also, each industry has its own inherent risks.
For a real estate agent, there’s always a risk that your buyer or seller might back out of a deal and you lose your commission.
As for the fix and flipper, there’s always a risk that you’ll find major issues with the home, once you start with your repairs.
As a 9-5 employee, there’s always the risk that you’ll get to the end of your career and not have much to show for it. Maybe you lived a comfortable life all those years, but you weren’t ever able to save for retirement.
In my industry, residential land development, hands down the biggest risk comes in financing the purchase of raw land and constructing a subdivision.
And that’s what gets me so excited about our program, Land Deals Revealed. Our program is based off of a business model that we’ve been practicing for almost 2 decades. And what I love about it is that it allows us to stay in the driver's seat and control our risk level. With our model, we can still make amazing 5 to 7 figure returns, but we’re avoiding the big risk of actually purchasing the land.
So if you’d like to find out more, you can catch our training video at vestright.com/action
The best part of our video? Hey it’s free, so there’s no risk!!
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