If you are presented with opportunities that seem to violate the well-known risk/reward tradeoff, be very suspicious. The old adage, “if it seems too good to be true, it probably is,” is what I’m getting at here. Very rarely in my experience or observation, has something that seemed too good to be true been for real, especially where it relates to the relationship between risk and reward. Be especially weary if you are promised an easy road to riches, in any form – as far as I can tell, the reality is that such a simple road does not exist. Sure, you can play the lottery, but that’s not growing a venture, that’s not being an entrepreneur – that’s gambling with the odds very much stacked against you. Don’t be tempted. Realize that you must work hard for your success. If luck comes your way, be thankful, but don’t expect it or count on it. If you’re expecting a reward, you will encounter risk – that’s unavoidable. Just make sure the balance makes sense. And don’t bet the farm; realize that it’s going to be a grind, and be willing to put in the work as an entrepreneur, or find another way to make a living..
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