#42 - Risk & Safety

The Wealthy Consultant Talks Podcast

In this episode of TWC Talks, CEO Taylor Welch engages in a dynamic discussion about the critical importance of managing risk and confronting challenges head-on in the world of business. He aims to dispel the common misconception that building and growing a business is always a smooth and obstacle-free journey. Instead, he encourages the listeners to recognize that challenges are a natural part of the entrepreneurial process and that taking calculated risks is a fundamental aspect of achieving success.

Throughout this episode, Taylor shares practical insights and personal experiences that illustrate the significance of action over inaction. He stresses the importance of listening to your intuition and living a life fully maximized in the realm of business. His goal is to empower our audience with the mindset and strategies needed to navigate the often unpredictable waters of entrepreneurship and emerge stronger, more resilient, and ultimately, more successful.

Tune in to this engaging episode for a deep dive into the world of risk management and the art of taking calculated risks in the pursuit of entrepreneurial excellence. Enjoy!

Enjoy the episode and check the links below for more info & resources

Get an inside look at how to get involved with The Wealthy Consultant

https://wealthyconsultant.com/

Our Monthly Printed Memos - Free Trial

https://consultingmemo.com/optin-568134011666363883437

See our Portfolio of Brands

https://welchequities.com/

OVERVIEW:

(00:30) Managing risks in business.

(11:48) Risk and investment decisions.

(13:21) Taking calculated risks.

(18:10) Mitigating the right risks

(21:09) Focusing on the right risks.

(27:42) Risks and going all in.

(29:15) Persevering against failure.