The Risk in Failing to Act | 5 Minute Friday

Can you think of a more difficult decision than the one that President Truman had to make in 1945? We can’t

Sometimes sitting still and not doing anything is the riskiest thing to do. Tyler recalls a conversation with friend of the show Henry Nutt III. Henry recounted a situation where his boss left him in a room and told him to sit tight until the boss returned. Henry sat around for a while and then decided to go ahead and do what it was that he thought had to be done in this room. His boss returned and decided that Henry had leadership skills.

Entrepreneurship involves risk. It requires initiative and a willing to act when others might be unwilling to do so.

Eddie encourages us to ask ourselves honestly what we could change about ourselves in order to improve our productivity or some other form of success. Chances are that we know what needs to be done and we’re simply not acting on that knowledge.

Inaction often makes failure more likely that action.

Here’s the whole quote as attributed to Harry S. Truman: “There is some risk involved in action, there always is. But there is far more risk in failure to act.”

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