#37 - Taking Risks in Uncertain Seasons Retail Initiative

Have you ever faced a moment in your business where taking a risk felt almost inevitable? How did you decide to proceed, and what was the outcome?

In this episode of the Retail Initiative Podcast, Josh explores the theme of risk-taking in business, which is especially relevant in the currently challenging economic climate. He begins by framing the concept of risk as an inherent part of entrepreneurship. He emphasizes the importance of understanding the difference between passive and active risks and how even inaction can be a risk. He further delves into taking calculated risks, urging listeners not to act out of fear but to make informed decisions based on a clear understanding of their goals and the worst-case scenarios.

Josh's advice is not just theoretical; he shares experiences from his business and coaching sessions with retailers, making the episode a blend of personal insights and practical strategies for entrepreneurs looking to navigate the complexities of business risks in a recession.

 

Learn more about Josh's company and how they help brick-and-mortar retailers grow online at madebycapital.com

Follow @RetailJosh on Instagram: https://www.instagram.com/retailjosh/