120 - How to Take Big Bets in Business & Life (Without Blowing Yourself Up)

19/02/2025 18 min

Listen "120 - How to Take Big Bets in Business & Life (Without Blowing Yourself Up)"

Episode Synopsis

In today’s ScaleHQ podcast episode, I unpack my tried-and-tested five-point framework...the exact principles I’ve used time and again to make Big Bets that have paid off without blowing myself up in the process.This week, I’m unpacking how to take Big Bets in life and business without risking it all. Big risks can lead to big rewards, but only if you know how to protect yourself from worst-case scenarios. Listen and learn how to make high-stakes decisions with confidence and control.This episode was inspired by the Founders I know who have taken big risks to get to where they are, whether it was starting a business, making a major investment, or making a massive life change. These decisions aren’t just one-offs. They’re repeated turning points that can dramatically change the course your scaling success.But here’s the challenge: when the next big opportunity comes along, many people, including Founders, hesitate, caught in the "what ifs." And while the fear of getting it wrong can be paralysing, but only if you let it.This episode covers five key principles: How to weigh up big decisions and assess trade-offs, so fear doesn’t hold you back The worst-case vs. best-case scenario approach, and how to reverse-engineer risk before committing How to mitigate downside risks during the planning phase, so you can minimise the risks in your business decisions Why waiting for “perfect conditions” is a trap, and how taking action creates clarity How to tell if you’re making a calculated risk or a reckless bet, and what to do about itIf you’re at a crossroads in your business or personal life, this episode will help you weigh up the risk, prepare for the leap, and take bold action with confidence.#BusinessGrowth #ScalingUp #BusinessStrategies #ScaleHQ #LeadershipDevelopment #BigBets-----------------------------------------------------Watch or listen to the full episode on:Spotify: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://loom.ly/NuK50WA⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Apple: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://loom.ly/-oy8jL4⁠⁠⁠⁠⁠⁠YouTube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://loom.ly/u_vibuw⁠⁠⁠⁠⁠⁠ScaleHQ website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.ScaleHQ.com.au/120⁠⁠⁠⁠⁠-----------------------------------------------------

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