What’s up, everyone? Hope your weekend is going well!
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Today, I want to talk about how I overcame the fear of failure which led me to start a business, launch 3 funds, and plan the Fund Launch Live event.
Some people think that being an entrepreneur is too risky. It’s not; it’s just like any other job.
Working a 9 to 5 is risky because after working somewhere for 10 years you could be fired out of nowhere.
Years ago, I came to a point in my life where I didn’t know if I should pursue entrepreneurship or not. I was worried about the risk. I was 21 and attending BYU when a guy from Harvard came and talked to my class.
I mustered up the courage to talk to this guy, and I basically said…
“Hi, my name’s Bridger. I’ve started some companies, but I don’t know if I should go all-in with entrepreneurship. Should I risk it?”
He then replied,
“Bridger, what do you mean by risk? What do you have to lose? Don’t you have a relative that could temporarily help out if you really did hit rock bottom financially?”
I thought about it and realized that I didn’t have a lot to lose and that I did have relatives like that.
He told me that if I had a warm bed and food to eat, I would be living better than 85% of the world population. But that’s the worst-case scenario.
- Living in a mansion with a Ferrari
- Donating to charities
- Sending my kids to college
- Supporting my parents or whoever
I realized that there was relatively no risk in entrepreneurship, just an opportunity!
It’s what I call asymmetrical risk: high returns for relatively low risks.
Every entrepreneur has asymmetrical risk, so just go for it! Invest in yourself!
See you soon,
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DISCLAIMER: This content is for educational and informational purposes only. It is not to be taken as tax, financial, or legal advice. You should always consult a legal professional before taking action. Furthermore, this is not a recommendation to buy or sell any security. The content is solely just the opinion of the authors.