In this episode of Luminary Leadership Podcast, I introduce my "DARE" framework for strategic risk-taking in business. I highlight the significance of establishing clear economic goals, weighing the risks and potential benefits, and reacting with nimbleness to foster growth and innovation. Drawing from my own journey as an entrepreneur with over a decade of experience, I underline the importance of assessing results and advocate for nurturing an environment that embraces risk and innovation.

Episode Outline: 

• Taking Strategic Risks (00:01:03) 
• The DARE Framework (00:04:14) 
• Defining Economic Objectives (00:05:18) 
• Assessing Risks and Upsides (00:07:18) 
• Responding with Agility (00:10:03) 
• Risk Mitigation Strategies (00:24:34) 
• Evaluating Outcomes (00:25:33) 
• Fostering a Culture of Risk and Innovation (00:27:36)

Resources from this episode:

• Your Breakthrough Year
• Episode 208 Your Big Leap Year on Apple
• Episode 208 Your Big Leap Year on Spotify
• Episode 180 How to Make Failure Profitable on Apple
• Episode 180 How to Make Failure Profitable on Spotify
• The Morning Checklist
• The Incubator: A Mastermind For Visionaries & Their Right Hand
• Show notes: https://luminaryleadershipco.com/episode209

Connect with me:

• Website: https://luminaryleadershipco.com/
• If there's a topic, a question or a guest you want to hear on the show or an idea you have for us, just reach out and share that at marketing@luminaryleadershipco.com. We'd love to chat!
• Connect with me on Instagram!

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