How do you manage risk in business and in life?
by Tim Healy
Risk is just another part of life. Each of us encounters risk of all sizes every day, whether in business or in our personal lives. But how can we manage risk and fear with opportunity? My guest today is no stranger to taking chances. In fact, she’s achieved success based on a special game of risk.
My guest today on The Profit Express is Molly Bloom, entrepreneur, speaker, and author of the 2014 memoir – which later became a Hollywood hit – Molly’s Game. After entering the world of underground poker at the age of 23, she owned and operated her own private games, attracting the likes of elites like Leonardo DiCaprio, Ben Affleck, and Alex Rodriguez. Download this week’s episode to hear Molly’s story of how she processes risk and doesn’t let fear hold her back.
This week’s episode of The Profit Express is brought to you by Corbett Public Relations, Promoting and Protecting Businesses and Brands for over 30 years.
Walk Towards Risk and Fear
If Molly’s story sounds too risky for you to imagine, know that her dad set her up for success. At 8:58, Molly speaks about how her father taught her to be counterphobic. Fear and discomfort are natural emotions, but they should never be a reason to not do something. The next time a situation looks hard or scary, take a step towards it.
Be Fearless and Creative
We’ve all heard how important it is to network in business. To Molly, networking is not as important as creating something worth bragging about. Listen in at 17:20 to find out how once she had a stellar product in place, it became easy to be fearless and creative in how she reached out to potential players.
Don’t Sacrifice Your Dignity
Throughout her years in the poker world, Molly has had to take many risks. At 24:20, she tells the story of standing her ground against a popular Spiderman actor. What she lost in tip money, she made up for in keeping her dignity. The lesson here? Even if you lose things in life, you’ll still make it out okay in the end.
“Act Differently than You Feel”
Molly’s story is a unique one, partly because she is a woman succeeding in a world dominated by men. Listen at 29:20 as she imparts some valuable advice for anyone lacking confidence in their industry. For Molly, a lifetime of not letting fear hold her back from making choices has made it a little easier to take chances.
Download this week’s episode of The Profit Express to hear more about Molly’s run in with the mafia and why, despite her accomplishments, she is still running headfirst into risk and fear.